With the urgent need of global energy structure transformation and environmental protection, countries are increasingly strict in energy conservation and emission reduction. All countries in the world are promoting the new energy automobile industry as a key industrial development direction, and the global new energy automobile market shows a rapid growth momentum.

According to statistics, the global sales of new energy vehicles in 2018 reached 4.066 million, up 28.42% year-on-year.among them, China made the largest contribution to the global new-energy vehicle market, with the sales volume reaching 1.22 million, accounting for 30.25% of the global sales volume.

In 2019, the global sales volume of new energy vehicles is expected to reach 5.69 million, and the sales volume of the Chinese market is expected to reach 1.5-1.6 million, making the rapid development unstoppable.The rapidly growing new energy vehicle market has driven the rapid development of the whole industrial chain, especially the power battery industry.

The global power battery market is expected to surge in demand in the future.Global sales of new-energy electric vehicles will rise to 17.5 million by 2025, while demand for electric vehicle batteries will rise to 973GWh.

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