Ningde Times, the world's largest battery maker, has stated that it will do a lot of work to support the development of car enterprise customers, but the company will not build cars.
In a recent interaction with investors, Ningde Times said that it will provide car enterprise customers with the most competitive performance, the most cost potential, and more diversified products and solutions. However, the company said that it does not have the expertise or resources to build cars, and will focus on its core business of battery manufacturing.
Ningde Times' decision to not build cars is in line with its current business strategy. The company is focused on developing and manufacturing high-performance batteries for electric vehicles. It has a strong track record in this area, and its batteries are used by some of the leading automakers in the world.
Ningde Times' decision to not build cars could also be seen as a strategic move. The company is likely aware of the challenges involved in building cars, such as the high costs and long development cycles. By focusing on its core business of battery manufacturing, Ningde Times can avoid these challenges and focus on what it does best.
Ningde Times' decision to not build cars is likely to have a limited impact on the company's overall business. The company is still the world's largest battery maker, and its batteries are in high demand from automakers around the world. Ningde Times is also investing heavily in research and development, and it is likely to continue to be a leader in the battery industry for many years to come.
In addition to providing battery products and solutions to car enterprise customers, Ningde Times is also working hard to promote the industrialization of sodium-ion batteries in 2023. The company has already announced the launch of Chery models equipped with sodium-ion batteries.
Sodium-ion batteries are a promising new type of battery that could offer several advantages over traditional lithium-ion batteries. They are cheaper to produce, have a higher energy density, and are more stable. Ningde Times is one of the leading companies in the development of sodium-ion batteries, and its efforts to promote the industrialization of this technology could help to accelerate the adoption of electric vehicles.
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