On April 18th, the State Council discussed and approved the "Energy Conservation and New Energy Vehicle Industry Development Plan (2012-2020)" (hereinafter referred to as the "Plan"), which clarified the main strategic orientation of the automotive industry transformation with pure electric drive, promoted the popularization of non plug-in hybrid vehicles, and proposed the goal of achieving a cumulative production and sales volume of 500000 pure electric and hybrid vehicles by 2015, and exceeding 5 million by 2020.

　　The introduction of the "Plan" has attracted great attention from the public. Many experts believe that this move will promote the automotive industry to enter a new round of development, and in addition, it will invisibly outline a huge market for the power battery industry, the core component of energy-saving and new energy vehicles.

　　According to data, the global production of lithium-ion batteries in 2008 was 2.78 billion units, with an industrial scale of 7.1 billion US dollars. By 2011, the production of lithium-ion batteries had increased to 4.64 billion units, with an industrial scale of 15.3 billion US dollars. According to the 2012 China Lithium Ion Battery Industry Research, China is the world's largest producer and major consumer of lithium-ion batteries, with a scale of 39.74 billion yuan. The "Plan", as a powerful booster, is expected to change the current global lithium battery industry pattern.

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