Not long ago, the Ministry of Industry and Information Technology released data stating that in the first half of this year, China's lithium-ion battery industry achieved rapid growth in major indicators, with production exceeding 280 gigawatt hours, a year-on-year increase of 150%, and industry revenue exceeding 480 billion yuan. Based on the industry, the national production of lithium-ion batteries reached 324 gigawatt hours last year, a year-on-year increase of 106%. The data for the first half of this year is a high growth based on a high base; Looking at the world, China's lithium battery production capacity currently accounts for more than half of the total global production capacity, demonstrating China's leading advantage in the lithium battery industry.

From point to line, as an upstream link in the new energy vehicle industry chain, the lithium battery industry maintains a good development momentum, fully reflecting the strong demand for new energy vehicles in the market. Drawing a graph of the growth rate of production of lithium batteries and new energy vehicles, it is not difficult to see that the two have almost maintained synchronous growth. In the first half of the year, the production and sales of new energy vehicles reached 2.661 million and 2.6 million respectively, with a year-on-year increase of 1.2 times, and the production and sales scale reached a new high. The automotive industry has a long industrial chain, wide coverage, and strong driving force, making it an important pillar industry of the national economy. The stable growth of the lithium battery industry enables the automotive industry to more strongly support China's manufacturing from large to strong. In the long run, with the rapid penetration of lithium-ion batteries in energy storage stations, 5G base stations and other fields, the lithium-ion energy storage industry will experience explosive growth. It is expected that by 2025, the cumulative new installed capacity of lithium battery energy storage in China will reach 50 gigawatts, with a market space of about 200 billion yuan. By leveraging the permeability and diffusion of technology, it can provide more sources of supply, technological support, and new growth opportunities for high-quality development.

From line to surface, emerging industries such as lithium batteries, new energy vehicles, and energy storage are growing rapidly, not only demonstrating strong development resilience in economic operation, but also becoming an important engine for industrial structure transformation and promoting high-quality development of the manufacturing industry. Since the beginning of this year, despite the complex and severe external environment, the trend of China's economic innovation leading to continuous enhancement and upgraded development has not changed. In the first half of the year, the added value of high-tech manufacturing above designated size increased by 9.6% year-on-year, and investment in high-tech industries increased by 20.2%; In the second quarter, the growth rate of added value in small industries such as lithium-ion batteries, electronic components, and integrated circuits was all over 20%. The new driving force is growing rapidly, and its leading role continues to emerge, providing important support for alleviating economic downward pressure, promoting employment market stability, and promoting stable and healthy economic development.

To continuously stimulate the vitality of emerging industries, we should continue to maintain strategic determination and strive to achieve more breakthroughs in technological innovation. In the first half of this year, despite being affected by factors such as the epidemic and rising prices of some raw materials, the cost of batteries has decreased and performance has improved due to technological innovation. The supply quality of power battery products has been higher, and the industrial competitiveness has also been stronger, effectively promoting the stable and rapid development of the new energy vehicle industry. Striving for innovation is striving for development, and striving for innovation is striving for the future. Continuously improving relevant supporting facilities for the development of emerging industries and strengthening service guarantees will undoubtedly help enterprises focus on improving their technological innovation capabilities and cultivating more new development drivers.

China's economy has shifted from a stage of high-speed growth to a stage of high-quality development, and is currently undergoing a transformation of development mode, optimization of economic structure, and transformation of growth rate