On November 1st, at the 2024 Global New Energy Vehicle Cooperation Development (Shanghai) Forum, Zhao Yang, Vice President of the Automotive Industry Branch of the China Council for the Promotion of International Trade, stated that China, the USA, and Europe are currently the world's three largest new energy vehicle markets. In terms of supporting the infrastructure for new energy vehicles, China is in a leading position. Strong competitiveness is a characteristic of China's new energy vehicle industry, with China's cathode material production capacity accounting for over 70% of the global total, and anode material production capacity accounting for over 80% globally. China's lithium-ion power battery technology is at the forefront of the world. "Currently, the growth rate of new energy vehicles in the world mainly depends on China." (Securities Times)