Although lithium batteries still occupy the mainstream position of the power battery technology route, it does not affect the continuous emergence of various innovative directions. This is because, like the engine in the era of fuel vehicles, power batteries occupy the largest proportion of the cost of new energy vehicles, and it is an indisputable fact that "whoever gets the battery gets the new energy vehicle". At the same time, lithium batteries are not an ideal form for the power part of new energy vehicles. The EU may even list lithium battery raw materials as “substances harmful to human health”. Therefore, the mainstream technology route is likely to be subverted. There is undoubtedly a huge opportunity for road market participants, and everyone is trying to lead and surpass. More importantly, as the replacement of fuel vehicles by new energy vehicles becomes inevitable, the sudden opening of the market space makes the future full of uncertainty. Compared with the car market, new energy vehicles currently only occupy a very small share. Taking the Chinese market as an example, by the end of 2021, the number of new energy vehicles in China will reach 7.84 million, but the number of vehicles will reach 302 million, that is to say, new energy vehicles only account for 2.60% of the total number of vehicles. In the face of such a large market space, it is impossible for any technology route to dominate in the future.

 It is precisely because of this huge uncertainty in the power battery industry that this industry is full of attractiveness, and new industry branches and market opportunities are constantly emerging. Taking the recent rise in the price of battery materials as an example, unexpectedly gave birth to the rapid development of the battery recycling industry. In the past, the industry has always regarded battery recycling as the responsibility of recycling companies. In fact, efficient, automated, and intelligent recycling has a lot to do with the structure and architecture of the battery itself. Therefore, in the initial design of the battery, including the design of cells and battery packs , it is necessary to consider the convenience of dismantling in the future, and the rapid development of the battery recycling industry has in turn promoted the improvement of power battery design. The industry expects that half of the battery materials will come from the recycling cycle in 2050, and in the next-generation battery recycling system, the level of intelligence and automation will be greatly improved, which can provide further guarantees for the supply of raw materials.

 Because of the "preemption" in the new energy vehicle industry, China also has an industrial advantage in the field of power batteries. Overall, the world's top power battery companies are dominated by China, Japan and South Korea, while my country's power battery companies occupy six of the top ten, and their shares have gradually increased, and their competitiveness has been further enhanced. Among them, CATL has occupied the top position in the global power battery shipments for many consecutive years. In 2021, the global market share benefiting from the heavy volume of overseas customers will reach 32.6%; in 2022, the global market share will reach 35.0% in the first quarter, which will further expand gap with subsequent companies.

 Although the advantages are obvious, it is not a time to be complacent and complacent. The power battery industry should seize the opportunity of great industrial development and step up the expansion of innovation boundaries. With the rapid opening of the new energy vehicle market space, its imagination space will also be upgraded, and its innovation will have no boundaries. When lower-cost and more environmentally friendly power battery technology appears in the future, it will subvert all our imaginations about cars now.