Samsung Note 7 was discontinued due to the explosion and lithium batteries caused by the explosion

According to media reports, Samsung Electronics suspended production of GALAXYNOTE 7.

American operator AT& On Sunday, T announced that it would stop all Galaxy Note 7 sales due to security concerns.

Samsung recalled the Galaxy Note 7 last month, as flaws in lithium-ion batteries can cause cell phones to overheat or even burn users. The airline also banned passengers from using the phone on the plane. Last week, Southwest Airlines was forced to evacuate passengers because of smoke from the Galaxy Note 7 replacement.

AT& T's decision to suspend sales is another blow to Samsung. It is expected that AT& T is Samsung's third largest customer. Analysts expect Samsung to face billions of dollars in losses from the recall of 2.5 million Galaxy Note 7s.

In a statement on its website, Samsung said it understood concerns about the Galaxy Note 7 replacement by carriers and consumers and would release its findings as soon as possible.

The company announced a moratorium on production of GALAXYNOTE 7, and the lithium battery industry has once again attracted people's attention.

Since the first commercialization of lithium batteries by Sony inJapanin 1991, the market has grown from nothing to surpass other secondary batteries such as nickel-cadmium batteries and nickel-metal hydride batteries, and has developed into the second largest secondary battery product after lead-acid batteries.

According to the China Automobile Industry Association, demand for lithium batteries grew at a compound rate of 27.82 % between 2000 and 2013, increasing its share of secondary batteries to about 13 %. It is expected that the demand for power lithium batteries in 2016 will be 30 GWh, the industry's effective production capacity will be about 35 GWh, and the capacity utilization rate will be 86 %. At the same time, the penetration rate of electric passenger vehicles inChinais lower than that of developed countries such as theUnited States. Therefore, it can be basically judged that lithium batteries will maintain a high growth trend in the next few years.

With the strong growth of market demand and the influx of large amounts of social capital, the production capacity planning of lithium-ion power battery production companies began to expand significantly in the second half of 2015. According to industry statistics, in the first half of 2016 alone, 54 companies in the lithium battery industry inChinahave issued plans to expand production, with a total investment of about 116 billion yuan. The investment of leading domestic power battery companies such as BYD, Ningde New Energy, Guoxuan Gaoke, and Tianjin lishen have all invested more than 3 billion yuan. Among them, BYD plans to increase 15 billion yuan in New 66GWh power battery production capacity. At the same time, the capital operation of the lithium battery industry continued to occur. In the first half of 2016, the amount of mergers and acquisitions exceeded 15 billion yuan. Companies in other fields have entered the lithium battery industry through mergers and acquisitions, and they have sought hot spots for industrial development to obtain good investment returns. Seek new business and profit growth point to realize positive transformation.

So far, there are 69 lithium battery companies on the new three boards. Samsung announced the suspension of the production of GALAXYNOTE 7. Under this background, it also ushered in opportunities and challenges for the development of the new three-panel lithium-related companies. In the future, the new three-plate lithium electric enterprises will enter the echelon of the strong, or become the final elimination of the key is the practice of internal and external skills.

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