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The third is the full support of national policies. Since the launch of the "863" plan for electric vehicles in 2001, the "Three Horizontals and Three Verticals" of new energy vehicles, including power lithium batteries, have been announced. The State Council, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Science and Technology and other departments have announced a large number of supporting policies, covering production access, demonstration and promotion, financial subsidies, tax exemptions, technological innovation, and other aspects, effectively promoting the rapid rise of China's new energy vehicle market, At the same time, it has also driven the prosperity and development of the four key material industries for power lithium batteries: electrolyte, isolation materials, and positive and negative electrode materials. Especially in 2015, when new energy vehicles in China entered a mature stage, in order to ensure that the new energy battery industry reached a new level, the State Council announced the first 10-year action plan for implementing the manufacturing power strategy, "Made in China 2025," which focused on proposing the development goals of new energy power lithium batteries in China, that is, by 2025, the energy density should reach 400Wh/kg, and by 2030, it should reach 500Wh/kg; On September 7, 2015, the Ministry of Industry and Information Technology announced the "Standard Conditions for the Lithium Ion Battery Industry", which standardized the layout and project establishment, production scale and process technology, product quality and performance, comprehensive utilization of resources and environmental protection, safety management, health and social responsibility, supervision and management of the new energy battery industry; In the booming new energy vehicle market from 2020 to 2021, the country intensively introduced 20 national policies for the new energy vehicle industry, such as the introduction of the "Intelligent Vehicle Innovation and Development Strategy", the announcement of annual new energy vehicle subsidy policies and promotion mechanisms, and the formulation and implementation of energy storage industry development plans. The implementation of these regulations will usher in a new round of development opportunities for the lithium-ion battery industry.

Fourthly, there are a group of tenacious and persistent companies in China. As one of the most commonly used battery varieties in the fields of electric vehicles and energy storage, new energy batteries have not been around for a long time since their inception in 1970. However, they have occupied a considerable share of the automotive market due to their high energy density and long cycle life. With the resolute efforts of many companies, the mainstream pure electric vehicle models in China have reached a range of 300-500 kilometers or even higher, supporting the domestic market scale of pure electric vehicles in the millions. The achievement is related to the national tax policies and the rapid development of BYD, NIO, Xiaopeng, and Ideal New Energy Vehicles, but more importantly, it is the efforts of new energy battery companies themselves. Whether it is leading companies such as CATL, Guoxuan, Lishen, or a group of small and medium-sized new energy companies such as Henan Lithium Power and Zhongke Technology, leaders in the power industry are determined not to relax their commitment to new energy batteries, In the current economic 'dual cycle' model, new energy battery companies need to compete with their domestic counterparts and strive to survive in strong collisions. On the one hand, they need to go abroad and 'compete' with foreign Japanese and Korean companies, striving to grow in the cruel trials

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