Zeng Yuqun, chairman of Ningde Times, said that customers needed “more and cheaper batteries” and downplayed concerns about the power battery giant being too large. In an interview while attending the Benchmark Mineral Intelligence conference in Shanghai, Zeng Yuqun said that the Ningde era became too big “not a cause for concern.” Ningde Times is trying to lower battery prices to reach more consumers. He said the company can continue to serve what it calls a “high-end” market, while more suppliers will emerge in other market segments. Zeng Yuqun said that power exchange technology is getting more recognition and is also attracting more interest. “We need to build more power exchange stations next to highways and in cities”; “We are building our own power exchange stations and renting batteries to consumers. This is very convenient for consumers. They don't have to pay too much for batteries, and don't have to worry about battery decay or battery failure.”

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