In the short term, after the localization of conductive carbon black, it will seize the market share of lithium iron phosphate batteries with the same low-cost characteristics by virtue of its cost advantage, and at 9 the same time, it will continue to maintain a high penetration rate in low-energy density and heavy-cost markets such as digital markets. In the market of high-nickel ternary, silicon-based negative electrodes, and fast-charging power lithium batteries, carbon nanotubes will become the mainstream of the market with their irreplaceable performance advantages. BYD, the leader in iron-lithium batteries, has strategically invested in a subsidiary of Dow Technologies, and selected carbon tubes to deploy conductive agents along the industrial chain, which will support the gradual increase in the penetration rate of carbon nanotubes.