Lithium battery market share in the next three years.

Recently, Citi released the "CAR OF FUTURE v4.0" research report, focusing on my country's travel industry. According to the report, public transport systems in Chinese cities are facing enormous congestion pressure, with drivers stuck in traffic for more than 70 hours a year on average. And two-wheeled electric vehicles provide us with a cheaper and more flexible alternative, and the industry will usher in continued growth. With the introduction of the new national standard for electric vehicles, the reduction of lithium battery prices, and the implementation of government environmental protection policies, more consumers will switch from lead-acid battery electric vehicles to lithium battery electric vehicles because of the obvious advantages of lithium batteries.

The new national standard accelerates the transformation of the two-wheeled electric vehicle industry, and lithium batteries will usher in an explosive period.

According to the "CAR OF FUTURE v4.0" research report just released by Citi in January, it is concluded from the analysis of the proportion of lithium-ion electric vehicles and market trends over the years that "the penetration rate of lithium-ion batteries in China is expected to enter a stage of rapid improvement." It is expected that the compound annual growth rate of the market size of lithium-ion two-wheeled electric vehicles will accelerate to 62% in the next three years (2019-2022). It is not difficult to see that China's lithium-ion two-wheeled electric vehicles have great prospects for development.