Since the beginning of last year, under the promotion of a series of policies, China's new energy auto sales have entered a period of rapid development. The data show that in the year of work in 2015, the output of new energy vehicles was 78500 in 2015, the output of new energy vehicles was 78500, a three fold increase over the same period of last year, which shows that there is a high probability of completing the target of 200000 vehicles this year. The volume of vehicle sales has brought a lot of demand to the upstream of the industrial chain, Driven by limited supply of lithium resources and demand for downstream new energy vehicles, the price of lithium carbonate in China has increased by 20% in half a year and is expected to continue to rise in the second half of the year. In terms of electricity drive, market orders have also increased significantly.Industry leaders such as Shanghai Dajun Technologies Inc, Shanghai Edrive Co., Ltd have seen rapid growth in performance.

In the strong support from national polices, The Ministry of Science and Technology and the Ministry of Finance will take the lead in setting up a sub-fund for new energy vehicles. The first phase of the fund is about 500-700 million yuan, with the state and enterprises each contributing a part to investing in high-quality projects related to the upstream and downstream industrial chains of new energy vehicles in the national science and technology achievement transformation project library. The establishment of the sub-fund for new energy vehicles will help improve the research and development level of the industrial chain and provide support for the promotion of electric vehicles. It is expected that the relevant policies for charging facilities will be accelerated in the next few days.