内卷整治有助于提升行业全球竞争力

Group 1: Overview of the Lithium Battery Industry - The lithium battery industry in China is experiencing significant growth, with a projected revenue of 2.25 trillion yuan in 2024 and a compound annual growth rate (CAGR) of 21.80% from 2018 to 2024 [2] - China's lithium battery sector holds a global competitive advantage, with over 70% of key materials shipped globally and a 68.79% share in the global power battery market [2] - Despite the growth in revenue, net profits are expected to decline significantly, with a forecasted net profit of 110.1 billion yuan for 2024, indicating a mismatch between profit scale and global industry position [2] Group 2: Overview of the New Energy Vehicle Industry - Since 2009, China's automotive production and sales have ranked first globally, with both surpassing 30 million units in 2024, making China the largest automobile exporter [3] - The new energy vehicle (NEV) sector has shown remarkable competitiveness, with sales reaching 12.859 million units in 2024, a year-on-year increase of 36.10%, accounting for 40.92% of total NEV sales in China [3] - The automotive industry's revenue is projected to reach 10.65 trillion yuan in 2024, but overall profits remain low, with an expected profit of 462.3 billion yuan, significantly lower than the peak profit of 688.3 billion yuan in 2017 [3] Group 3: Policy Measures Against "Involution" Competition - The Chinese government has initiated a series of macro policies to address "involution" competition, with the first mention in July 2024 by the Central Political Bureau [4] - Subsequent meetings and reports have emphasized the need for comprehensive measures to tackle this issue, aiming to enhance the global competitiveness of the NEV and lithium battery industries [4][5] - Industry associations and companies are responding to these policies, with initiatives such as closed-door discussions focused on combating involution in the sector [5]