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Another major field of new energy vehicles is passenger cars, which have accumulated rapidly increasing power in recent years. New energy vehicles have good right-of-way, especially in the areas of electric scooters and ride hailing, forming a clear demand trend. If batteries can meet these needs, it should be said that this market will develop rapidly. Everyone's expectation is also that there will be an explosive rise this year.

As the core component of new energy vehicles, power lithium batteries have received significant support and regulations from many national policies. Here I would like to mention an important policy regulation for our lithium-ion policy, with a price of 8 coins per kilogram. Under the market demand and policy planning, lithium batteries have entered a rapidly developing channel in technology. The overall demand for new energy lithium batteries in the market requires their safety and reliability. On the basis of safety and reliability, lithium batteries meet the personalized needs of different application fields through technological innovation.

Lithium batteries are in a period of rapid development, and the major pain point or breakthrough point in their technological development is the balance between performance and cost. To have both good performance and competitive product advantages, rapid development is a significant challenge.

To solve this challenge, three contradictions need to be addressed: one is that the energy density is safe; The second is energy density and power density, which require high energy and fast charging; The third is the contradiction between high temperature performance and low temperature performance, which is a great challenge in terms of chemical systems. The development of power lithium-ion is constantly balancing these contradictions. So when developing lithium-ion, the first step is to balance high and low temperatures with fast charging performance, and on this basis, improve our energy density and add new safety features. So the development of technology depends on technological breakthroughs in various aspects such as the positive and negative electrodes of batteries.

Here is a roadmap for the development of ternary materials. The current energy density ranges from 220 watt hours to 280 watt hours, and the development of positive electrode materials ranges from 622 to 811. By 2030, lithium metal will be enriched, with an energy level of 450 watts per kilogram. This energy density largely meets the range requirements of our new energy buses and some passenger cars.

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