According to the latest data released by the Ministry of Industry and Information Technology, from January to June this year, the production and sales of new energy vehicles in my country reached 1.215 million and 1.206 million, respectively, a two-fold increase over the same period last year. The explosive growth of new energy vehicles has also led to a substantial increase in battery production. According to data released by the China Automotive Power Battery Industry Innovation Alliance, my country`s cumulative power battery output from January to June was 74.7 GWh (GWh), an increase of 217.5% year-on-year.

It is optimistic that the penetration rate of new energy vehicles will be close to 20% in 2025, domestic sales are expected to exceed 6 million, and global sales will reach 18 million. Lithium battery shipments will enter the TWh era.