[1.28Lithium Express] New energy vehicles set off a wave of price hikes | LG Energy soared nearly 99% on its first day on the market, making it the largest IPO in the history of South Korean stocks.

[Napu mining machine: products are applied to lithium mining enterprises but account for a relatively low] Napu mining machine said on the interactive platform that the mining of lithium ore needs to go through mineral processing, and the company's products are applied to lithium mining enterprises, but it accounts for less than 1% of the company's audited revenue in 2020.

[Jiangsu Cathay Pacific: plans to build an annual lithium-ion battery electrolyte project] Jiangsu Cathay announced that Ruitai New Materials, a holding subsidiary, plans to set up a wholly-owned subsidiary Quzhou Ruitai New Energy Materials Co., Ltd. to invest in the construction of an annual lithium-ion battery electrolyte project with an annual output of 300000 tons, with a total investment of 1.51 billion yuan. "View details

[Tibet Mining: expected net profit of 110 million yuan-165 million yuan to turn loss into profit in 2021] Tibet Mining announced that it is expected to make a net profit of 110 million yuan to 165 million yuan in 2021, which will turn losses into profits, and the company will increase the sales of its products (lithium salt products and chromite). The gross profit of sales has increased significantly.

[Honda plans to sell 800000 new energy vehicles in China in 2030.] Honda plans to increase its sales of new energy vehicles in China to 800000 by 2030 from 10, 000 in 2021. 2 million cars were sold in 2030, up 30 per cent from a year earlier; 40 per cent of them are expected to be electric and 60 per cent hybrid. And will launch 10 models of the eRU n series within 5 years.

Under the strong market demand, a number of domestic listed companies of lithium cathode materials have reported good results, such as Dangsheng Technology, Rongbai Technology, and so on, which are expected to double their performance under the strong market demand. [a number of lithium power companies have doubled the performance of the leading enterprises of cathode materials during the Spring Festival. " On January 26th, Xiamen Tungsten Xinneng released its 2021 results KuaiBao showed that the company achieved revenue of 15.56 billion yuan, an increase of 94.7% over the same period last year, and a net profit of 555 million yuan, an increase of 121.5% over the same period last year. In 2021, the company's sales of lithium cobalt oxide products continued to improve, benefiting from the increase in terminal demand, the sales of ternary materials increased compared with the same period last year. Xiamen tungsten Xinneng relevant person in charge said, "at present we have put into production capacity has been running at full capacity, in order to meet the downstream order demand, during the Spring Festival'do not close', continue to work overtime."

[LG Energy soared nearly 99% on its first day of trading, creating the largest IPO in the history of South Korean shares.] South Korean battery maker LG Energy solution was officially listed for trading on the Korean Stock Exchange on Thursday, local time. The offering price was 300000 won per share ($249), up nearly 99% on the first day of trading at 597000 won per share. It is reported that LG Energy is the largest IPO, in the history of the South Korean stock market, raising 12.75 trillion won (about 67 billion yuan), and it is also the second largest IPO, in the world in nearly a year, second only to the previous Rivian IPO. The stock fell as much as 25 per cent in morning trading and rebounded after hitting as low as 450000 won.

On the eve of the Spring Festival of the year of the Tiger, the prices of new energy vehicles have risen sharply. Affected by the decline of subsidies, rising prices of raw materials and other factors, including Great Wall Motor, Tesla, BYD and other mainstream new energy vehicle companies have revealed the news of price increases, ranging from 1000 yuan to 20, 000 yuan. Industry experts believe that China's new energy vehicles are no longer a buyer's market and have entered a new stage of rapid popularization and development, so it is still possible to increase prices in the short term.

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