Leading companies continue to lead and promote technological progress in the lithium battery industry through independent innovation, and lithium battery material projects that cannot keep up with the pace of technological iteration have to press the “end button”. The reporter combed through and found that since April of this year alone, many listed companies such as Baoming Technology, Huasoft Technology, and Black Sesame have announced the termination or suspension of construction of new projects. Regarding the “abandonment” of the new project, the relevant companies said more or less the same thing: the market environment is changing rapidly and cannot be rashly promoted. The reporter combed through and found that most of the companies that pressed the “end button” of the project were companies that had previously “crossed borders” into the field of lithium battery materials. “The lithium battery industry is iterating rapidly, and the termination of construction of related projects is also a result of market competition.” People familiar with the lithium battery industry said that from a global perspective, high-quality lithium battery products are still popular, and demand for terminals has not slowed down. However, in recent years, the lithium battery industry has expanded too fast and products are mixed, and some latecomers have relied on price wars to seize the market, leading to too intense market competition. (Shanghai Securities Report)