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The Global Evolution of the New Energy Vehicle Industrial Chain and China’s Transformation: A Literature Review on “Chip Shortages and Soaring Battery Costs”
- 1 Hefei University of Technology
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Abstract
This paper conducts an in-depth discussion of three key issues by reviewing existing scholarly research. First, it outlines the evolutionary trends of the new energy vehicle (NEV) industrial chain from a global perspective. It analyzes the diversified development characteristics of major economies—including China, the United States, Europe, and Japan—within this industrial chain, as well as the distinct strategies each country has adopted in response to current uncertainties. Second, despite China’s remarkable achievements in the NEV sector, challenges remain, such as low added value and insufficient international competitiveness. In this context, the paper explores how China can transition from a “quantitative breakthrough” to a “qualitative breakthrough,” further optimizing and upgrading its industrial chain structure to climb toward the higher end of the value chain. Finally, it analyzes the causes of China’s “chip shortages and soaring battery costs”, and proposes potential solutions. Addressing the issues of chip scarcity and high battery costs, the paper puts forward strategies from both government and enterprise perspectives. These include strengthening top-level design, promoting breakthroughs in core technologies, focusing on research and development in key areas, and placing greater emphasis on talent cultivation within the industry. This study aims to provide a solid theoretical foundation for further research on the NEV industrial chain and offer valuable insights for the development of China’s NEV industry.
Keywords
Industrial Chain, New Energy Vehicles, Chip Shortages and Soaring Battery Costs, Value Chain Enhancement
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Cite this article
Wang,X. (2025). The Global Evolution of the New Energy Vehicle Industrial Chain and China’s Transformation: A Literature Review on “Chip Shortages and Soaring Battery Costs”. Advances in Economics, Management and Political Sciences,157,44-51.
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