Ann: Galan Initiates Candelas Scoping Study, page-39

China NEV penetration rate in 2020 was 5.8%, increased to 10% in January to June 2021.
Electric cars are just very similar to Smart phones. Once penetration rate surpassed 10%, accelerated growth is coming soon.
China government just reiterated to support accelerated development of new energy vehicles.

The great news is, China is already highly depending on import to meet their lithium demand, currently about 80% import dependence. Lithium supply issue will be worse than iron ore for China, imo.

China's electric vehicle makers report strong July sales
Reuters

Nio, the maker of the ES8 and ES6 electric sport-utility vehicles, said it delivered a total of 7,931 vehicles in July, up 124.5% from a year earlier. Deliveries had more than quadrupled in July 2020.
Xpeng, which makes the P7 sedan and G3 sport-utility vehicles, said its July deliveries jumped 228% to 8,040 vehicles.
Li Auto, the producer of Li ONE SUVs, said it delivered 8,589 Li ONEs last month, an increase of about 251%.

China annual new car sales, is about 27m, is estimated to surpass 30 million cars per year in a few years.