[9.8 Lithium Express] CITIC Securities: rising prices of lithium products in South America will support global lithium prices | Apple executives will join Ford Motor.

[Sichuan Heng Co., Ltd.: plans to cooperate with Guoxuan Group in the field of battery materials] Sichuan Heng shares announced that it has signed a framework agreement and cooperation agreement with Guoxuan Group to cooperate in the fields of phosphorus series battery materials (including but not limited to iron phosphate and lithium iron phosphate) and fluorine series battery materials (including but not limited to lithium hexafluorophosphate and PVDF).

[Toyota will invest $9 billion to build an electric car battery plant] Toyota said it would spend $9 billion over the next decade to build an electric vehicle battery plant. Toyota did not say how many battery plants it would build, but said it planned to build 10 related production lines by 2025 and eventually about 70. Masamichi Okada, Toyota's chief product officer, said the plants would be built around the world. "We want to make production localization a general principle," he said. "

[Citic Securities: rising prices of lithium products in South America will support global lithium prices] CITIC Securities Research News pointed out that lithium products sold by salt lake lithium extraction companies in South America are mainly long orders, and most of the orders executed in the first half of 2021 are signed at the end of 2020, and the price is on the low side. In the second quarter, the selling prices of lithium carbonate for SQM and Orocobre were $6376 / ton and $8476 / ton, respectively, significantly lower than the spot lithium price in the same period. As the implementation of the long order is gradually completed, enterprises expect sales prices to continue to rise in the second half of 2021, and pricing in 2022 is expected to be significantly higher than that in 2021. Rising prices of lithium products in South America will support global lithium prices. During the upward cycle of lithium price, the development of salt lake resources in South America is accelerated, and the participation of Chinese enterprises and the promotion of the new salt lake lithium extraction process are expected to bring changes to the industry. It is suggested that we should pay attention to the enterprises that layout the salt lake resources projects in South America and the lithium extraction process providers who benefit from the technology promotion.

[AVIC Lithium reached a strategic cooperation with Pinggao Group] recently, Cheng limin, general manager of National Electroweb Pinggao Group Co., Ltd., and Zheng Nanlin, deputy general manager of energy storage technology of Pinggao Group, visited AVIC Lithium for inspection and exchange. Based on the principle of "deep mutual trust, strategic coordination, complementary advantages and win-win cooperation", Pinggao Group and AVIC Lithium Power signed a strategic cooperation agreement. The two sides will make better use of their own advantages to reach omni-directional strategic cooperation in energy storage business, system integration solutions, joint declaration of science and technology projects, and other areas. While exploring the industrial application, market development and business model of energy storage technology, we will jointly design "carbon neutralization solutions" for users and continue to promote energy transformation.

[Audi will cut working hours until mid-2022 due to chip shortages] Audi (Audi AG) will reduce working hours until at least the middle of next year, as the German carmaker expects semiconductor shortages to last until next year, dragging down production. Audi's chief human resources officer, Sabine Maassen, said at (IAA Mobility) on Tuesday that Audi is still basically guaranteed employment at its German factory as previously announced. So far, about 16000 employees at the Volkswagen (Volkswagen AG) subsidiary's factories in different locations have been affected by reduced working hours due to chip shortages, she said.

[Apple executives will join Ford] on Tuesday, Ford announced that Apple executive Doug Field would join the company to work on advanced technology and embedded systems. Field served as Vice President of Special programs at Apple and previously Senior Vice President at Tesla. Industry insiders speculate that Field is in charge of the development of automobile projects at Apple.