1) Power battery market: Domestic sales of new energy vehicles are expected to reach 7 million by 2025, and overseas sales are expected to exceed 6 million. In 2020, the domestic demand for power batteries is about 85 GWh. In 2020, overseas power battery demand is about 90 GWh. The space of the power battery industry continues to expand, and the demand for power batteries in 2020 is expected to grow by about 50%.

2) Non-power battery market: Mobile phone battery demand is the core of the changes in 3C consumer electronics battery demand. In 2020, the demand for consumer lithium batteries will reach 65GWh, returning to steady growth. The energy storage market is currently in its infancy. The replacement of lead-acid batteries for tower communication base stations is the biggest demand point. In 2020, it is expected to replace 600,000-700,000 towers, the space is huge.

3) There is no need to worry about the general direction of lithium batteries. Whether it is new energy vehicles, 5G mobile phones, base station backup points, and energy storage batteries, they are all deterministically and steadily increasing. With the advancement of mobile Internet and Internet of other things, from wired to wireless, Lithium batteries are currently the best power solutions.

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