In 2014, China's lithium-ion battery competition was fierce, and the market size increased by 21.1% year-on-year;

According to the statistical analysis of the China Chemical and Physical Power Industry Association, the market size of lithium-ion batteries in China in 2014 was 71.
5 billion yuan, a year-on-year increase of 21.
1%.

In 2014, lithium-ion batteries for China's 3C market are expected to increase by 6%, and the national sales scale will be 58 billion yuan; Lithium-ion batteries for power: more than 3 million lithium-ion electric bicycles, and the demand for lithium-ion batteries is about 2 billion yuan; The sales of new energy vehicles are close to 70,000 units, the demand for automotive power batteries is about 10 billion yuan, and the total demand for power batteries is expected to be 12 billion yuan, a year-on-year increase of 200%; Lithium-ion batteries for energy storage, including communications and new energy applications, are expected to demand 1.
5 billion yuan
.

In 2014, the lithium-ion battery industry was fiercely competitive, with more than 30 bankrupt companies, a large decline in the price of major materials, and a drop of more than 30% in the price of
electrolytes.