The British "Financial Times" reported that China's new energy policies in recent years have attracted global attention. While in the fierce competitionlithium batteryIn the market, China is becoming the dominant player.

　The report pointed out that not long ago, the Chinese government called on domestic battery companies to double the capacity of electric vehicle batteries by 2020 and encourage them to invest and build factories overseas. As automakers increase their investment in electric vehicles, lithium-ion batteries will be a key technology for at least the next 10 years, creating a huge market.

　According to Goldman Sachs estimates, this market will be worth US $ 40 billion by 2025 and will be dominated by China.

According to data from Goldman Sachs, in 2013, China surpassed South Korea and became the world's largest supplier of lithium batteries for electronic equipment. A year later, as the Chinese electric vehicle market began to take off, this leading edge further expanded. In 2016, China sold 507,000 pure electric and plug-in hybrid vehicles, a 50% increase from the previous year.

Regarding the rapid development of China's lithium battery scale, Duncan Goodwin, director of stocks of the fund management company Baring Global Resources, commented, "The Japanese invented it, the Koreans sought to expand their production scale, and the Chinese eventually dominated Status because the market is ultimately in China.”

　The reason why China's lithium battery can come up later is mainly because of price factors.

Report analysis believes that for foreign battery makers, what worries them more than not receiving subsidies or encountering various obstacles is the biggest advantage of Chinese battery makers over competitors such as Tesla: access to raw materials. In the past year, Chinese companies have repeatedly launched lithium ion supply chains and bought mining assets such as cobalt and lithium to reduce costs.