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Looking back to 2020, it is appropriate to describe the new energy battery market with the four words "extremely extraordinary" proposed by the Central Economic Work Conference. In 2020, affected by the COVID-19, the economy at home and abroad was almost at a standstill, and the new energy vehicle market also pressed the "pause button". According to authoritative statistics from the Ministry of Commerce, from January to February 2020, the production and sales of new energy vehicles decreased by 63.8% and 59.5% respectively year-on-year. The new energy battery market, one of its three major components, also experienced a serious decline. Most domestic battery companies, such as CATL and BYD, saw a significant decline in the installed capacity of power lithium batteries. It has become a fact that the new energy vehicle and new energy battery markets suffered losses in 2020.

In the face of the severe and complex international situation and the severe impact of the COVID-19, the country has always maintained strategic determination, accurately judged the situation, and decisively taken various measures to dispel the haze hanging over the domestic economy. In April 2020, with the control of the domestic epidemic, the resumption of work and production on track, and the gradual recovery of market consumption capacity, China has not only become the country in the current G20 economy that has achieved positive growth, but also the only important economy in the world that has achieved positive economic growth. The comparison of the domestic and international economies between "hot" and "cold" has made the world fully realize the strong resilience and risk resistance of China's "dual circulation" economy. In the process of "cold" and "hot" transformation of China's economy, new energy battery companies are also taking the opportunity to bring a series of happy events to the "extremely extraordinary" year of 2020 through comprehensive efforts.

Looking back on the achievements of the past year, it is the continuous expansion of the new energy battery market. Nowadays, orders for power lithium batteries are almost endless, and the market demand is too strong, "said Yang Tao, a new energy battery expert and general manager of Henan Lithium Power Supply Co., Ltd. In 2020, due to the COVID-19, Henan Lithium Power delayed the start of construction. However, in the face of the orders pouring in the second half of the year, the company worked overtime without any slack, but still could not meet the continuous demand of customers. The production and sales of new energy batteries in 2020 confirmed Yang Tao's statement. Taking power lithium batteries as an example, even in 2019, which had a relatively good overall environment, the sales of new energy vehicles were 1.206 million, a year-on-year decrease of 4%; In 2020, affected by the epidemic, industry experts from the Ministry of Industry and Information Technology predicted a data of 1.3 million vehicles, an increase of 8% year-on-year. In addition, the total shipment volume of mainstream lithium-ion batteries in the domestic market for 3C, electric bicycles, and energy storage batteries is even more astonishing. From the perspective of the physical stock market, the stock prices of Weilai, Ideals and Xiaopeng have soared. They once became the top 10 Alternative fuel vehicle enterprises in the world in terms of market capitalization, which is amazing.

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