Break 3 billion in 4 days to set up 2 companies! The share price of lithium mine battery in Ningde era continues to hit a new high with a two-pronged approach.

SMM, Nov. 29: Ningde era shares rose rapidly in early trading, rising more than 3.9% to an all-time high of 684.5 yuan per share.

According to the news on November 26th, according to APP data, Ningde Times (Guizhou) New Energy Technology Co., Ltd. was established with a registered capital of 2 billion, and its business scope includes emerging energy technology research and development, battery manufacturing, battery sales, engineering and technical research and test development, resource recycling services, technical consulting, information system operation and maintenance services, etc. According to the equity penetration chart, the company is fully owned by Ningde era, accounting for 100% of the equity.

According to the previously published ranking of the top 10 power battery installations in China in September 2021, Ningde era firmly ranked first in the domestic market share with a share of 56.5%. Considering that the production and sales of new energy vehicles in China has ranked first in the world for six consecutive years, the Ningde era, as a leading domestic power battery enterprise, can never be limited in the future.

According to previous data from the China Automobile Association, the output of new energy vehicles from January to October in 2021 was 2.565 million, an increase of 175.3% over the same period last year, and sales reached 2.542 million, an increase of 176.6% over the same period last year, both of which were significantly higher than in 2021. At present, some analysts have boldly predicted that the sales of new energy vehicles in China will exceed 5 million in 2022. Zhu Yue, chief analyst of Citic Construction Investment Power equipment New Energy Industry, said that in 2022, sales of new energy vehicles in China will reach 5.19 million, and global sales of new energy vehicles will reach 9.28 million. Under such bold data expectations, the development speed of power batteries in the future will not be comparable.

Supported by the soaring demand for power batteries, lithium salt has been in short supply since 2021. The price of lithium salts, led by battery-grade lithium carbonate, is rising rapidly. According to the spot price of SMM, as of November 29, the average spot price of domestic battery-grade lithium carbonate was 202500 yuan / ton, up 149500 yuan / ton or 282.1% from the beginning of the year.

"Click to view the price of SMM new energy products

SMM survey shows that the current approach to the end of the month, domestic lithium carbonate enterprise quotations further upward. The Spring Festival is relatively early this year, so some downstream enterprises prepare stocks ahead of time for the Spring Festival, and the transaction price is expected to rise further. "View details

As we all know, the current shortage of lithium ore still exists. And Ningde era, as a downstream power battery enterprise, has been tirelessly on the road of the layout of lithium ore. On November 24th, the Argentine government also announced that Argentine Mining Minister Alberto Hanzel led the YPF and Ningde era talks to promote the electric car battery leader and YPF lithium company cooperation development project. In the future, YPF lithium industry will join hands with Ningde era to find suitable lithium mines in Argentina for development.

On November 23rd, Ningde Times registered 1 billion yuan to establish a mineral resources company-Yichun Times New Energy Resources Co., Ltd., the company's business scope includes mineral resources mining, mineral processing, production and sales of mineral products. And it is worth mentioning that Yichun has the world's largest lithium mica ore, and now it is proved that the available lithium oxide reserves are about 2.5 million tons.

For the future trend of lithium prices, a number of institutions are optimistic about it. Previously, Guotai Junan Securities predicted that lithium prices would continue to rise in 2022 and 2023. Guoxin Securities analysis said that lithium, affected by the climate, the domestic mineral supply is further tight, processing plants affected by the continuous upward movement of raw material costs, strong price-raising behavior, the market generally shows a strong bullish mood, the follow-up lithium price may continue the upward trend.