电池产业政策转向， 远景北美战略的“张驰之道”

Core Viewpoint - The U.S. clean energy policy has rapidly shifted under the new government, posing significant challenges to the burgeoning U.S. battery industry, which requires companies to reassess market demand and investment scale [2][4]. Group 1: U.S. Battery Industry Challenges - The U.S. battery industry is facing increased policy uncertainty, particularly following the Trump administration's efforts to halt support for the electric vehicle industry, which may lead to reduced tax credits for consumers [5][6]. - The cancellation of over $6 billion in battery factory investments in the U.S. during Q1 2023 highlights the growing uncertainty in battery demand [5]. - Ford's investment in a battery factory in Michigan, in collaboration with CATL, is at risk due to potential changes in tax incentives [6]. Group 2: Company Strategies - Faraday Future has optimized its U.S. strategy by accelerating its energy storage business while pausing its power battery project in South Carolina until market policies become clearer [3][7]. - The company plans to supply BMW with its 46-series cylindrical batteries from its global supply chain instead of the South Carolina factory, which is a strategic adjustment based on current market conditions [7]. Group 3: Energy Storage Market - Faraday Future's Tennessee energy storage factory has commenced production, positioning the company to meet the high demand for quality energy storage products in North America [8]. - The U.S. is the second-largest energy storage market globally, and Faraday Future is one of the few suppliers with energy storage cell production capacity in the region [8]. Group 4: European Market Opportunities - In light of the complex U.S. policy environment, Europe is emerging as a strategic high ground for Chinese battery companies, with Faraday Future's battery factory in France recently commencing operations [10][11]. - The European electric vehicle market is accelerating, with a significant increase in market share for battery electric vehicles (BEVs) in early 2025 compared to the previous year [10]. - Several leading Chinese battery suppliers, including CATL and Faraday Future, have announced plans for new battery production facilities in Europe, indicating strong demand for technologically advanced and mature supply chains [11].