Shanxi Securities: Optimistic Outlook for Growth of New Energy Vehicle Market, Focus on Lithium Battery Industry Chain

Shanxi Securities: New Energy Vehicle Market Expected to Further Grow, Focus on Lithium Battery Industry Chain

Shanxi Securities research report pointed out that the demand for new energy vehicles and power batteries rebounded in March, with the gradual implementation of the policy to support the replacement of old cars with new ones, it is expected to further stimulate the growth of the new energy vehicle market. The rise in lithium carbonate prices has driven up the prices of the lithium battery industry chain. It is recommended to focus on the battery segment with stable profitability, positive profit margins in the cathode materials, and lithium hexafluorophosphate.