The power battery industry will continue to develop in 2024 and enter a critical period of a new round of technological innovation and market competition

In 2024, the power battery industry will continue to develop driven by the expansion of vehicle models and market concentration, but the competition landscape is becoming increasingly severe. In the future, with the advancement of standardization and efficiency, and the rise of self-developed battery systems by vehicle manufacturers, the industry will enter a critical period of a new round of technological innovation and market competition.