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On June 5th and 6th, the 9th Annual Meeting of the Global Automotive Forum (GAF2018) was held in Chongqing. The theme of this forum is to shape the future of the industry in the era of change, gathering guests from both domestic and foreign automotive industries to conduct in-depth discussions on the current opportunities and challenges in the automotive industry. The following is a transcript of the speech by Liu Jiansheng, President of the Power Lithium Battery Research Institute of Guangzhou Penghui Xinyuan Technology Co., Ltd.:

Good afternoon, experts and guests. First of all, thank you for the invitation from the organizers. I have the opportunity to communicate with you all. I come from Guangzhou Penghui Energy Technology Co., Ltd. The topic I am discussing with you today is the progress of power lithium batteries.

In recent years, lithium batteries have entered a rapid development channel, and their development is mainly due to market demand and policy planning. I will first briefly introduce the driving forces behind the development of power lithium-ion batteries, and then introduce the progress of lithium-ion batteries.

The development trend of automobiles has become a consensus. The foundation of the intelligent and autonomous driving of automobiles is electrification. Currently, we are in a critical stage of electrification development. From the perspective of our country, new energy vehicles have become one of the top ten key pillar industries, supporting development. The proportion of new energy vehicle sales is rapidly increasing, and since 2012, most of the increase in data comes from electric buses, due to the development of electric logistics vehicles.

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