1. The policy is favorable for the new energy vehicle industry and drives the development of the power battery industry
At present, China has established a relatively complete policy support system for the new energy vehicle industry in terms of research and development, production, purchase, use, and infrastructure, which is conducive to the further development of the new energy vehicle industry.
At the same time, in response to the pollution caused by the automobile industry, more and more cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Hangzhou and other first- and second-tier cities have begun to restrict the purchase and travel of traditional fuel passenger vehicles, which also helps to improve Demand for purchasing new energy vehicles.

2. “Replacing oil with electricity” has driven the market demand of the power battery industry
In recent years, with the depletion of oil resources, the timetables for the ban on the sale of fuel vehicles in various countries have been released one after another. In the context of the implementation of the double-point policy in China and the restriction of travel in major cities, new energy vehicles have become the main trend of the future development of the global automobile market. As the core component of new energy vehicles, the market demand for power batteries will inevitably grow rapidly.

3. Environmental protection requirements increase to accelerate the development of the industry
The development of a new energy vehicle industry based on low pollution and low emission is an important way to achieve sustainable economic development in China’s auto industry through technological innovation, industrial transformation, new energy development and other means. As far as the market demand for lithium batteries is concerned, the field of power batteries for new energy vehicles is undoubtedly a growth point with huge potential.

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