The expo also emphasized sustainable development, with speakers discussing the transition from traditional energy sources to renewable ones and the critical role of minerals in this shift.

Liangbin Li, Chairman of Ganfeng Lithium, reported over a 90% lithium recovery rate and highlighted the importance of sustainable practices in battery recycling to support global carbon neutrality.

In Europe, new energy vehicle (NEV) sales are projected to rise to 5.5 million units by 2027, while the US is expected to reach 3 million units during the same period.

Mingyuan Ye, Senior Consultant at SMM ESS, indicated that global energy storage system (ESS) demand growth is expected to slow to around 5% in 2025, with potential for rebound growth thereafter.

Liang Wang, R&D Director of Ganfeng LiEnergy, estimated global new installations of ESS to reach 6.1 GW in 2025, indicating significant investment opportunities ahead.

The event featured a roundtable on building a collaborative battery value chain, with high-profile speakers discussing industry advancements and challenges.

Key discussions at the expo included a decade review of the new energy industry, innovations in battery technology, and the global supply chains for lithium and cobalt.

Discussions also focused on the challenges and strategies for cobalt supply chains, emphasizing responsible sourcing and sustainable development practices.

The 2025 New Energy Industry Expo concluded successfully on April 18, 2025, at the Suzhou International Expo Center, featuring 15 forums over four days that addressed various new energy topics.

The event showcased advancements in battery technology, particularly in lithium iron phosphate (LFP) materials, which are increasingly prevalent in electric vehicle applications.

Logan Lu, CEO of SMM, forecasted that China's NEV sales would reach 22 million units by 2027, with a compound annual growth rate of approximately 44% from 2019 to 2027.

Significant attention was given to the low-altitude economy, recognized as a strategic emerging industry in China, with a potential market size exceeding 850 billion Yuan by 2025.