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Backed by new energy, the lithium-ion battery industry has developed rapidly in recent years, and various immortals are actively entering this industry to prepare for a big fight. As of the summer of 2018, the industry's performance was astonishing, with numerous companies cutting production in the industry chain, and some product prices almost halving. This is far from the "wind industry" in people's minds.

Fast industry growth rate

The national subsidy and support for new energy vehicles is the fundamental reason for the rapid development of the industry. According to the plan, the production and sales of new energy vehicles will reach 2 million by 2020, and by 2025, the proportion of new energy vehicles in automobile production and sales will reach over 20%. This means that the production and sales of new energy vehicles should be over 5.5 million by 2025.

Correspondingly, it is expected that the demand for power batteries will reach 300Gwh by 2025, while the installed capacity of power batteries in 2017 is less than 40Gwh. This means that the annual growth rate of power battery demand in the next 8 years will reach 30%.

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