June 21 spot quotation for SMM Cobalt Lithium New Energy

Wolong Electric will provide new energy vehicle motors and spare parts for Xpeng Motors.

According to relevant reports, on March 26, the construction of phase II of Millison Modern Industrial Park, which mainly undertakes the production of super-large structural parts such as 5G communication body, new energy vehicle motor, power battery, electronic control system and body, was held in Dajiang Scientific Innovation City in Tianming District, Chongqing.

In the past 2021, China's new energy industry developed rapidly, and the demand for the new energy vehicle market was greatly increased. According to the record of 2021, the global cumulative sales of new energy passenger cars exceeded 6.31 million, more than 2.2 times that of 2020. China has accounted for 52% of the global shares of new energy vehicles, with 3.312 million vehicles sold, up 275% year-on-year. Meanwhile, the installed capacity of motive power lithium batteries reached 154.5GWh, up 143% year-on-year, in 2021.

This is a roundup of China's metals output in August 2021, from an exclusive survey of key producers by SMM analysts.

A weekly update on the trending stories from the New Energy sector.

Demand for copper has surged significantly in the past 20 years and is expected to rise further due to the surge in demand for electric vehicles, while global copper supply is likely to continue to shrink in the future, according to Paul Ward at Anglo American.

Global demand for cobalt in 2019 is expected to increase 4%, at 137,200 mt, while supply will remain flat at 163,500 mt

Dynavolt Tech disclosed its quarterly report for the third quarter, saying its revenues reach 2.48 billion yuan during first three quarters, rising 170.48% on yearly basis.

A considerable amount of motive batteries will be scrapped in China by the year 2020.

Dynavolt Renewable Energy Technology Co. signed Trilateral Strategic Cooperation Agreement with Nanjing Golden Dragon Bus Co. and Wuhan Liwei New Energy to jointly developing the new energy market.