路博润：看好中国润滑油市场，将与车企合作应对电动化挑战

Core Insights - The Chinese automotive lubricants and additives market is substantial, with nearly 30 million vehicles produced annually, even if half transition to electric vehicles, the production of fuel vehicles will still rival the entire U.S. automotive market [2] - Lubricants are essential for the longevity of electric vehicles, as highlighted by Rebecca Liebert, CEO of Lubrizol [2] - The rapid adoption of new energy vehicles (NEVs) is reshaping the structure and operational boundaries of the automotive system, presenting unprecedented challenges for lubrication systems [3][4] Industry Trends - The penetration rate of hybrid vehicles is continuously increasing, and alternative fuel technologies such as hydrogen fuel cells, natural gas, and methanol are entering large-scale exploration [2] - The Chinese government is developing the National VII standards for light and heavy vehicles, which will align with European and American standards while focusing on pollution reduction and carbon control [2][3] - As of June 2023, the total number of vehicles in China reached 359 million, with NEVs accounting for 36.89 million, representing 10.27% of the total [3] Product Development Challenges - The transition to electric vehicles presents different challenges for lubricants compared to the fuel era, particularly with the technical requirements of high-voltage electric drive platforms [4] - Lubricant companies must collaborate with automotive manufacturers to develop new specialized products tailored to the needs of electric and hybrid systems [4] - The performance requirements for lubricants in electric drive systems, hybrid systems, and battery thermal management systems cannot be met by merely adjusting traditional oil products [3]