Core Viewpoint - Hunan YN announced that by 2025, the domestic sales of new energy passenger vehicles are expected to account for 57.6% of total passenger vehicle sales in China, indicating significant growth potential in the new energy vehicle market [1] Industry Summary - The electrification process in the new energy commercial vehicle sector, including heavy trucks and excavators, is accelerating, with increasing penetration rates showcasing substantial market potential [1] - The average battery capacity of new energy vehicles is on the rise, which further strengthens the demand for the power battery market [1] - Long-term growth in power battery demand is expected to be robust, creating a broad market space for phosphate cathode materials [1]
湖南裕能：未来新能源乘用车市场仍具备可观的增量空间