Hong Xu, secretary-general of the Lead-acid Battery Professional Committee of the China Electro technical Society, told reporters that the lead-acid battery industry has set a levy on consumption tax, and relevant parties have received a draft for taxation from the Ministry of Finance Hong Xu pointed out that the competition in the lead-acid battery industry, especially in the electric bicycle industry, has entered a stage of white-hot, and the profit level of the industry has entered a break-even point.