A number of battery companies failed to meet expectations .
An analyst from Guojin Securities told the Beijing News reporter that with the implementation of the subsidy new deal, the risks brought about by the acquisition of the power battery industry are also intensifying. Under the situation of high-quality target scarcity and increased market competition, power battery mergers and acquisitions have gradually become more rational.
At the same time, due to the decline in financial subsidies for new energy vehicles in 2018 and the rising prices of upstream raw materials, the cost pressures of middle and downstream enterprises in the power battery industry chain continue to increase. Affected by this, many battery companies in 2018 did not perform well and even lost money..