(1) National policy support

    As an important new energy material, lithium-ion batteries have always been supported by national science and technology policies and industrial policies, and have been included in the national relevant industrial development plans and catalogs. In recent years, relevant national departments have successively issued relevant regulations and policies, which have provided a good external environment for the development of my country's lithium-ion battery companies, and are conducive to the domestic lithium-ion battery industry to compete with international counterparts at a higher starting point.

    Lithium-ion batteries are listed in the "China High-tech Product Catalog" and "China High-tech Product Export Catalog" jointly promulgated by multiple ministries and commissions. Lithium-ion battery products are new energy and energy-saving products. The state's encouragement policies for the lithium-ion battery industry and downstream industries play a direct and indirect role in promoting the development of the industry.

    (2) Growing market demand

    With the rapid development of modern electronic information technology, lithium-ion batteries have been increasingly used in the fields of industry, national defense, science and technology, and life, and the market demand for lithium-ion batteries continues to increase. In recent years, portable electronic consumer products have gradually integrated into people’s daily lives. With the strong support of governments around the world, the electric vehicle industry will also begin to be commercialized. This will promote the rapid development of the lithium-ion battery industry and at the same time bring a broad space for development.

    (3) Energy conservation and environmental protection are the general trend

    The use and disposal of lead-acid and nickel-cadmium batteries in secondary batteries may cause greater pollution to the environment, and lithium-ion batteries are one of the most environmentally friendly green batteries. Substitution is also conducive to environmental protection. Facing the increasingly pressing environmental protection pressure, all countries will actively promote the use of environmentally friendly and energy-saving lithium-ion batteries, thereby driving the rapid development of the lithium-ion battery cathode material industry.