[Miao Wei: the battery cost of $100,000,000 / KWh is the tipping point for the struggle between trams and fuel vehicles. "only when the battery cost is reduced to $100,000,000 / KWh without government subsidy, can electric vehicles really compete with fuel vehicles." Miao Wei, former minister of the Ministry of Industry and Information Technology, member of the standing Committee of the CPPCC National Committee and deputy director of the Economic Committee of the CPPCC National Committee, said at the 2023 World Power Battery Congress held in Yibin, Sichuan Province on June 9. At the meeting, Miao Wei delivered a keynote speech entitled "some thoughts on promoting the High-quality Development of Power batteries". In his speech, Miao Wei specifically pointed out that the future development of China's power battery industry still needs to further reduce costs and increase efficiency to improve competitiveness. "with the gradual maturity of power battery raw materials, design and structure technology, especially head power battery enterprises to achieve cost reduction and efficiency through economies of scale, will further enhance the international competitiveness of Chinese power battery enterprises." Miao Wei said.