内卷整治有助于提升行业全球竞争力

Group 1: Lithium Battery Industry Overview - The lithium battery industry in China is significantly competitive globally, with key materials accounting for over 70% of global shipments, and power batteries holding a 68.79% global share [1] - In 2024, the revenue of China's lithium battery sector is projected to reach 2.25 trillion yuan, with a CAGR of 21.80% from 2018 to 2024, although net profit is expected to decline sharply to 110.1 billion yuan in 2024 [1] - Major issues in the lithium battery industry include a mismatch between net profit scale and global industry position, overall low profitability, excess capacity due to continuous release of production capacity in segmented fields, and a significant decline in prices of key raw materials [1] Group 2: New Energy Vehicle Industry Overview - Since 2009, China's automotive production and sales have ranked first globally, with 2024 production and sales expected to exceed 30 million units, making China the largest automobile exporter [2] - The new energy vehicle (NEV) sector in China 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 [2] - Despite growth in production and sales, the overall profit of the automotive industry remains low, with 2024 profits projected at 462.3 billion yuan, significantly lower than the peak of 688.3 billion yuan in 2017 [2] 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, followed by further clarifications in subsequent economic meetings and reports [3] - Various government bodies, including the State Council and the Ministry of Industry and Information Technology, have introduced policies and measures, while industry associations have launched self-regulatory initiatives to combat involution [3] - The comprehensive rectification of involution is expected to enhance the global competitiveness of China's new energy vehicle and lithium battery industries [3]