Lithium iron phosphate battery output has exceeded that of ternary batteries * Samsung plans to invest 200 billion won to expand the capacity of Malaysia's lithium battery factory.

[lithium iron phosphate battery production has tripled compared with the same period last year and exceeded ternary batteries] on June 14, the China Automotive Power Battery Industry Innovation Alliance recently released power battery production data for May. Lithium iron phosphate batteries reached 8.8GWH, accounting for 63.6% of the total output, an increase of 317.3% over the same period last year. Lithium iron phosphate battery is being favored by more and more mainstream models. The industry said that the current lithium iron phosphate battery 400 to 600 km range has been able to meet the needs of the vast majority of passenger car owners, the price is also more advantageous.

Ganfeng Lithium Industry: Gan Upon completion of the transaction, Ganfeng International can provide financial assistance of up to US $40 million to LMSA, a wholly owned subsidiary of SPV of the Netherlands, to assist in the development and construction of the Goulamina spodumene project. After the completion of the investment, the company will be granted 50% of the annual production capacity of about 455000 tons of spodumene concentrate in the first phase of the Goulamina project. If the company directly provides financial assistance or assists LMSA in obtaining debt funds provided by third-party banks or other financial institutions, it can obtain the right to underwrite the remaining 50% of the production capacity of the first phase of the project.

[power battery production rose 6.7% in May to 63.6% Lithium Iron Phosphate batteries rose to 63.6%] according to the China Automotive Power Battery Industry Innovation Alliance, China's power battery production totaled 13.8 GWH in May 2021, up 6.7% from April's 12.92GWh and 165.8% from the same period last year. In terms of market share, ternary batteries and iron lithium batteries still occupy an absolutely dominant position in this month's power battery production, accounting for 99.8% of the total power battery output in that month, but with the gradual release of lithium iron phosphate batteries, the proportion is very different from that in the past, of which lithium iron phosphate battery production rose to 63.6% this month, far exceeding 36.2% of ternary batteries.

[investment of 200 billion won Samsung plans to expand capacity of Malaysian lithium battery plant] Samsung plans to invest 200 billion won to expand the capacity of its Malaysian lithium battery plant, which mainly makes cylindrical lithium batteries. According to people familiar with the matter, the new production line is expected to produce more than 1 million batteries a month, with an annual capacity of up to 2GWh if all of them are 21700-size batteries.

[Wuling Motor and Express Company jointly set up an electric vehicle joint venture] Wuling Motor announced on the Hong Kong Stock Exchange that it had reached a strategic cooperation agreement with Zhejiang Honeynet Jicai Information Technology Co., Ltd. on centralized procurement cooperation projects to promote the popularization and application of new energy logistics vehicles in the express delivery industry. According to the agreement, Liuzhou Wuling Automobile Industry Co., Ltd., a subsidiary of Wuling Motor, will customize vehicles to meet the needs of express delivery and give Honeynet preferential domestic prices.

[6 days 4 boards Yongtai Technology: there is uncertainty in the price of lithium battery materials. The revenue of the business accounts for only 8.41% of the company's consolidated revenue in 2020] on June 14, Yongtai Technology issued an announcement of abnormal stock price fluctuations, affected by downstream demand. The company's lithium battery material market price has a certain degree of uncertainty, and the business segment's 2020 operating income only accounts for 8.41% of the company's consolidated operating income, accounting for relatively small. The construction cycle of the company's projects under construction is affected by many factors, such as project examination and approval, market supply and demand, funds and other factors, and the specific production time and benefits are uncertain.