GAC CEO said that battery costs account for about 40%-50% of the total vehicle cost, and new energy vehicles need to reduce battery costs to increase market share

The CEO of GAC said that battery costs account for about 40%-50% of the total vehicle cost, so if new energy vehicles want to increase their market share, they must reduce battery costs to reduce vehicle costs. At present, the trend of "self-developed batteries" by automakers is intensifying, such as Zeekr, GAC, Changan, etc. have all launched self-developed battery products.