According to the statistics of the China Chemical and Physical Power Supply Industry Association, the global installed capacity of lithium-ion batteries in 2019 was 112.6GWh. .

　　In terms of battery types, the installed capacity of ternary batteries in 2019 was 40.5GWh, accounting for 65.2%, the installed capacity of lithium iron phosphate batteries was 20.8GWh, accounting for 33.4%, and the installed capacity of other battery types was 0.9GWh, accounting for 1.4%.

　　The global spread of the Covid-19 epidemic will have a certain impact on the global lithium-ion battery market in the short term: first, it will have a huge impact on the supply chain of battery production and major application markets, and second, it will have a significant suppression effect on consumer demand.

　　But the development prospects of lithium-ion batteries are still very promising.

　　In the emerging energy Internet, application scenarios such as industrial and commercial energy storage and household energy storage on the power consumption side have gradually matured. On the power generation side, the rapid progress of wind power, photovoltaic and other renewable energy technologies have reduced costs and significantly improved the economics of power generation. The energy storage link will become a key node of the entire energy Internet, and the rise of the energy Internet will significantly drive the demand for energy storage.

　　The continuous decline in the cost of lithium-ion batteries is gradually approaching the economic inflection point of the application of energy storage systems, and the future development potential of the energy storage market is huge. The lithium-ion battery market for energy storage will grow at an average annual rate of 30%.

　　With the gradual rise of 5G networks around the world, it is estimated that by 2025, the number of communication towers is expected to increase to 13 million, and the global market demand for base station lithium-ion batteries will reach 60GWh, basically realizing 5G network coverage in major cities around the world.

　　In the next five years, there will be a huge global demand for lithium-ion batteries. In low-speed electric vehicles, power tools, energy storage and other fields, lithium batteries, especially lithium iron phosphate batteries, will quickly replace lead-acid batteries and nickel-metal hydride batteries.