On October 25, the “Lithium Share Future promising” 2024 Narada High-Capacity Lithium Batteries Strategy Summit was held in Nanjing, China.
More than 700 industry experts, business representatives, partners, and media from across the country gathered to witness Narada Power’s latest achievements and future strategic plans in the field of lithium batteries for electric three-wheelers and low-speed four-wheelers.
Leadership Speeches Initiate a New Journey
At the summit, Liu Chenghao, Vice President of Narada Power, delivered a speech. He introduced that as a well-established listed company with 30 years of experience in the battery industry, Narada has formed a complete industrial closed loop, holding over 1,200 core technology patents and leading or participating in more than 110 international, national, and industry standard formulations. The company’s cumulative product shipments have exceeded 60GWh, reaching over 160 countries and regions worldwide, earning widespread recognition from global users.
As a veteran manufacturer of consumer batteries, Narada Power provides diverse and cost-effective lithium battery solutions for electric vehicles.
The company’s independently developed high-capacity lithium products focus on key consumer demands, emphasizing “high safety and long lifespan” by utilizing stable lithium iron phosphate material and a powerful intelligent management system, making them safer, longer-lasting, smarter, and more reliable, which has garnered broad consumer recognition and support, laying a solid foundation for the company’s entry into the consumer market.
Xu Wenbo, Secretary-General of the Zhejiang Electric Bicycle Industry Association, stated that in recent years, lithium batteries have become a crucial battery type for two-wheeled vehicles, with industry leaders increasing R&D investment and promotion in battery safety and product intelligence.
Narada high-capacity lithium batteries, recognized as safer and longer-lasting, have established a new benchmark for quality with the industry-first “five-year replacement" policy, gaining widespread market acknowledgment.
Following this, Zhou Bo, Deputy Secretary-General of the Power Battery Application Branch of China Industrial Association of Power Sources and Deputy General Manager of China Battery Enterprise Alliance, along with Zheng Peidong, former Deputy Director of the National Electric Bicycle Quality Supervision and Inspection Center, also delivered speeches.
Zhou Bo pointed out that under the “lead-acid and lithium equal pricing” situation, the replacement of lead-acid batteries with lithium batteries is accelerating as the main power source for electric three-wheelers and low-speed four-wheelers, with the market share of lithium batteries gradually increasing and a promising outlook for the light electric vehicle market.
A group of leading lithium battery companies, represented by Narada Power, are leveraging deep technical reserves and industry insights to align with market trends, constantly seeking a balance between safety, cost, and performance through technological innovation. This allows them to launch higher-capacity, longer-lasting, and safer lithium battery products, propelling the electrification wave of light electric vehicles.
Zheng Peidong emphasized that high-quality products and services are key to winning the market and customers. Narada’s consumer batteries have consistently performed excellently in quality supervision inspections.
A good platform can provide partners with broad market coverage and efficient resource connections. With integrated industrial and global layouts, Narada believes it can work with partners to carve out a fast wealth growth, sharing success and creating brilliance together.
Launch of the White Paper
During the White Paper launch, Chen Chao, General Manager of Narada’s Consumer Products Division, presented the “White Paper on the Development of Lithium Battery Industry for Electric Three-Wheelers and Low-Speed Four-Wheelers in China”, systematically outlining the current state and market scale of lithium batteries for low-speed electric vehicles, predicting the electrification prospects for electric three-wheelers and low-speed four-wheelers, and introducing the performance of Narada’s high-capacity lithium batteries and their application in the industry chain.
Chen Chao noted that the number of electric three-wheelers and low-speed four-wheelers in China is expected to grow by 15 million units in 2024, with the lithium battery industry scale exceeding 50 billion.
As the prices of lithium battery raw material continue to decline, market trends such as lead-lithium complementarity and equal pricing are emerging. Under new opportunities, large-capacity lithium batteries are gradually entering the market, slowly replacing traditional lead-acid batteries and creating new market opportunities. Lithium iron phosphate batteries, known for their stability and high safety, are becoming the preferred choice.
The White Paper is a report that reflects the current development of China's electric three-wheeler and low-speed four-wheeler lithium battery industry, characterized by timeliness, practicality, innovation, and foresight.
Technical Presentations Showcase Cutting Edge
Zhou Gang, head of Narada Power's Electric Control Research Institute, discussed the product’s excellent performance from aspects including cell design, PACK structure design, process design, and WeChat mini-program design.
He mentioned that the company has conducted over 100 testing validations according to domestic and international standards and full lifecycle scenario simulations, with the key performances of Narada's high-capacity lithium batteries exceeding current national standards.
He stated, "In fire simulation tests, we simulated fire risks that vehicles might encounter. Narada's high-capacity lithium batteries withstood a two-minute external fire test without emitting smoke, catching fire, or exploding, demonstrating extreme durability."
He emphasized that the launch of Narada's high-capacity lithium battery products represents an important breakthrough in the electrification trend of electric three-wheelers and low-speed four-wheelers, promising users an exceptional experience.
Salons Gather Industry Voices
In the subsequent two salon sessions, Ding, founder and editor-in-chief of Global Electric Vehicle Network, along with representatives from electric three-wheeler and four-wheeler manufacturers and charging and swapping ecosystem companies, discussed two major themes: "Trends and Wealth Opportunities in Electrification of Electric Three-Wheelers and Low-Speed Four-Wheelers" and "Ecological and Solution Applications for Lithium Battery in Multiple Scenarios," covering aspects such as lithium battery technology development, charging and swapping ecosystems, market trends, and brand assurance.
Salon guests expressed that in addressing consumer mileage anxiety, lithium batteries are the focus of market attention due to their excellent price advantage, long lifespan, and lightweight characteristics.
The shift from the past "fear of lithium" to the current "affordable lithium" is leading more consumers to choose electric three-wheelers and low-speed four-wheelers equipped with large-capacity lithium batteries, signaling that the lithium era is about to fully unfold. Companies that lay out early and refine their strategies will be best positioned to seize the new opportunities brought by this round of industry upgrades.
The salon guests also discussed the ecosystem model of charging and swapping. They pointed out that an increasing number of end users are joining the charging and swapping ecosystem, with safety remaining the top concern. In-house development of battery cells and battery management systems (BMS) will significantly enhance the quality of charging and swapping systems.
They expressed confidence that, through joint efforts within the industry, consumers will be provided with safer, more convenient, and efficient charging and swapping products and services.
Marketing Empowerment for Future Success
In the second half's marketing session, Wang Jun, General Manager of Zhejiang Changxing Likai Energy Technology Co., Ltd., interpreted the planning for the electric three-wheeler and low-speed four-wheeler segments from the perspectives of brand strategy, market strategy, and product strategy.
He explained that based on over 20 years of deep industry experience and insights, as well as considerations of the input-output across the lithium battery lifecycle, Narada Power has launched high-capacity lithium products with solid technology, changing the after-sales standard in the lithium battery industry with a five-year warranty, truly achieving a leap from technology to product, and from product to commodity.
Moving forward, the company will continue to empower the market through diverse channels, promotion methods, brand communication, and service support, helping partners rapidly scale up in size and volume.
At the end of the meeting, two representatives from long-term partners who have grown with Narada’s consumer products business shared their stories and success experiences.
A Family Dinner Uniting Feelings of Solidarity
At the thank-you dinner that evening, Zhu Baoyi, Chairman and President of Narada Power, expressed heartfelt gratitude to partners for their continuous support.
He noted that the lithium battery business for electric three-wheelers and low-speed four-wheelers has reached a window of opportunity for development. Narada Power will leverage its advantages of integrated industry and sales service to implement the industry-first five-year replacement policy, focusing on "good lithium batteries and good cells." In the future, the company will continue to provide high-quality products and services to its partners, creating greater value for users.
