Strong industry growth for power batteries
China sold 19.47 million vehicles between January and September of this year, an increase of 4.4% over the same period last year. With a market share of 23.5%, new energy vehicle sales among them increased by 110% year over year to 4.567 million units. As the "heart" of new energy vehicles, the vehicle power battery, which accounts for around 40% of the cost, also heralded a period of development potential.
