On September 8, according to media reports, LG Chemical's installed power battery capacity in the first seven months of this year surpassed that in Ningde era, becoming the largest in the world.

In this regard, industry insiders close to Ningde era said:

According to the data released by SNE research, a South Korean new energy market analysis company, as of the end of July, LG Chemical ranked first with 26.8% market share, continued to lead Ningde times (25.4%), and opened the gap with Japanese supplier Matsushita (13%).

The analysis indicates that,Thanks to European government and manufacturers' consumer subsidy policies and financial subsidies in major markets to respond to the new coronavirus epidemic, the European market

In addition, the demand for LG Chemical in Tesla's China plant is also increasing.

For Ningde era, it depends more on the market share of domestic new energy vehicles.

According to statistics, from January to July this year, China's cumulative sales of new energy vehicles were 486000, a year-on-year decrease of 32.8%; the cumulative installed capacity of power batteries was 22.5gwh, a year-on-year decrease of 35.3%.

The initial release of orders in the second half of the Ningde era also means that there is still a large room for growth in the second half of the Ningde era, and there are opportunities for catching up and overtaking in the future.