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In the coming years, the overall trend of the lithium-ion battery market is good. It is expected that by 2020, the production of lithium-ion batteries in China's market will reach 205.33gwh, and the CAGR in the next two years will reach 41.88%. Under the guidance of national policies such as the "dual point" policy, power lithium batteries will become an important rising point, with a CAGR of 56.32% in the next two years; Digital batteries will be driven by the high-end digital battery market, with a CAGR of 7.87% in the next two years; Due to the cost reduction of lithium-ion batteries and the addition of lead orders, the replacement of lead-acid batteries will gradually accelerate in the field of energy storage batteries, reaching 35.16%.

The rapid development of lithium-ion batteries in China is mainly due to the strong support of the country's policies for the new energy vehicle industry. In 2018, the production of new energy vehicles in China increased by 50.62% year-on-year, reaching 1.22 million vehicles, which is 14.66 times higher than in 2014. Driven by the development of the new energy vehicle market, the power lithium battery market in China maintained a rapid increase from 2017 to 2018. According to research statistics, the production of power lithium batteries in the market increased by 46.07% year-on-year in 2018, reaching 65gwh.

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