[8.25 Lithium Express] CICC expects the price of lithium carbonate to continue to rise | Automotive chip supply is urgent again. A number of auto companies have announced production cuts.

[automotive chip supply once again urgent a number of automotive giants recently announced production cuts] recently, Malaysia, which is known as the "hub" of automotive chip packaging and testing, has suffered the renewed impact of the novel coronavirus epidemic. According to the latest statistics, 17700 new confirmed cases were confirmed in Malaysia on August 23, which is still in a critical state, although it has dropped somewhat from a few days ago. According to public data, Malaysia is the seventh largest exporter of semiconductor products in the world. at present, more than 50 semiconductor factories have set up local factories, and the local closed test capacity accounts for about 13% of the global closed test capacity. The repetition of the epidemic in Malaysia has led to a number of auto giants such as Toyota, Volkswagen, Ford and General Motors to announce production cuts recently. Some car company insiders said that the pressure on the upper reaches of the automotive chip supply chain has continued to spread to the Chinese automobile industry, and the Malaysian epidemic has caused a further shortage of chips, which is worthy of industry vigilance.

[China International Capital Corporation: the demand for lithium iron phosphate is booming, the price of lithium carbonate is expected to continue to rise] China International Capital Corporation pointed out that on the demand side, the output of iron-lithium batteries in July was 9.3 GWH, with a month-on-month ratio of + 20.0%, and the installed capacity of iron-lithium batteries in July was 5.8 GWH, with a month-on-month ratio of + 13.4%. It is expected that the increase in demand for iron-lithium batteries is expected to lead to an increase in demand for lithium carbonate. On the supply side, the shortage of raw materials has begun to restrict the supply side, causing some manufacturers to stop production and maintenance. In July, the domestic output of lithium carbonate was 19000 tons, a month-on-month comparison of-9.9%. The lithium carbonate inventory of overseas manufacturers is already low, and the domestic lithium carbonate import volume was 4500 tons in July, compared with-26.8%. With the improvement of the demand for lithium carbonate, the supply and demand of lithium carbonate is expected to remain tight, promoting the price of lithium carbonate to rise further.

[Ningde Times established four new companies in Shanghai in three months] according to Tianyanchu, Ningde Times (Shanghai) New Energy Technology Co., Ltd. was established on August 23, with legal representative qu Tao and registered capital of 100 million yuan. business scope includes engaged in new energy technology, automotive science and technology in the field of technical services, technology development, technology consulting, technology exchanges, technology transfer, technology promotion. Shareholder information shows that the company is wholly owned by Ningde Times New Energy Technology Co., Ltd. Since May this year, Ningde Times has successively invested in the establishment of new companies in Shanghai, including Ningde Times Future Energy (Shanghai) Research Institute Co., Ltd., Ningde Times (Shanghai) Intelligent Technology Co., Ltd., Ruiting Times (Shanghai) New Energy Technology Co., Ltd.

Japan's Ministry of economy, Trade and Industry will increase subsidies for electric vehicles, plug-in hybrids and fuel cell vehicles; the report did not specify the source. The Ministry of economy, Trade and Industry will seek a budget of 33.5 billion yen for the 2022 fiscal year, twice the budget for the current fiscal year; details will be worked out later, but the department is considering raising the level of subsidies to bring prices in line with gasoline cars. The government currently provides a subsidy of up to 600000 yen per electric vehicle, while the subsidy for plug-in hybrid vehicles and fuel cell vehicles is 300000 yen and 2.5 million yen respectively.

[Ministry of Industry and Information Technology: continue to promote large-scale testing and commercial deployment of vehicle networking in typical areas and typical scenarios] in its reply to the proposal No. 1808 of the fourth session of the 13th National Committee of the Chinese people's political Consultative Conference, the Ministry of Industry and Information Technology said that the Ministry of Industry and Information Technology will further improve the intelligent networking standard system for vehicles and vehicles, promote the formulation and implementation of key and urgently needed standards, and promote relevant departments to improve laws and regulations. Optimize the policy environment for industrial development and speed up the development of the intelligent network automobile industry. We will continue to promote large-scale trials and commercial deployment of vehicle networking in typical areas and typical scenarios, innovate and explore operation and business models, and gradually form a replicable and expandable construction and development model to help achieve the goal of reaching the carbon peak.

According to statistics from the China Association of Automobile Manufacturers, from January to July this year, China's production and sales of new energy vehicles were 1.504 million and 1.478 million respectively, surpassing the annual production and sales of 1.366 million and 1.367 million last year, a record high.