Chairman of Changan Automobile: it is estimated that China will need power battery capacity of 1000-1200GWh by 2025. The current capacity planning has reached 4800GWh.

[chairman of Changan Automobile: it is estimated that China will need 1000 power battery capacity by 2025-1200GWh current production capacity planning has reached 4800GWh]. Zhu Huarong, chairman of Changan Automobile, said in a speech at the 2023 China Automobile Chongqing Forum on June 8 that the whole and zero division of labor in the automobile industry is in an unstable state, the business boundary is being reconstructed, and there is a tendency to infiltrate each other. It is estimated that by 2025, China will need 1000-1200GWh of power battery capacity, and the current industry capacity planning has reached 4800GWh. At present, with serious overcapacity, the industry is bound to return to a rational state.