In 2023, China's new energy vehicle production and sales will reach 9.587 million and 9.495 million respectively

In 2023, China's new energy vehicle production and sales will reach 9.587 million and 9.495 million respectively, up 35.8% and 37.9% year-on-year, with a market share of 31.6%, ranking first in the world for nine consecutive years. With the development of the new energy vehicle industry, lithium iron phosphate batteries have a promising market prospect in the fields of power batteries and energy storage due to their safety and cost advantages.