Ministry of Industry and Information Technology, Development and Reform Commission, Ministry of Science and Ministry of Finance jointly issued the "Action Plan for Promoting the Development of Automotive Power Battery Industry," which not only promised a number of goals for the lithium battery industry in China, but also demanded that in 2020, Production capacity of more than 100GWh, the formation of production and marketing scale more than 40GWh leading enterprises in order to survive, lithium battery companies conducted a round of M & A.
