BMW ordered €10 billion worth of battery cells from CATL, Samsung SDI

Lithium battery stock market rose over 2.8% this morning. At the same time, the performance of lithium battery stocks is also particularly eye-popping. EVE Energy hit a record high of 134.05 yuan/share, up over 18% intraday.

Founded in March 2014, Qinghai HXR Lithium Tech is an enterprise engaged in the comprehensive utilisation of salt lake resources and technology R&D, with a registered capital of 65.193 million yuan. The company operates a major lithium carbonate project with annual output of 20,000 mt, which established in July 2015 and commissioned production in November 2017. The main products include industrial-grade lithium carbonate, lithium phosphate and magnesium hydroxide.

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

The COVID-19 outbreak has led to a precipitous decline in factory operating rates, with operating rates of pharmaceutical intermediate and active pharmaceutical ingredient (API) companies only at around 30%. India is also known as the "World's Pharmaceutical Factory" and produces nearly 20% of the world's generic drugs.

China’s annual electric bicycle sales have exceeded 30 million units in the past few years, with social e-bike ownership rising close to 300 million units, and output of bikes over 1,000 yuan continues to increase, according to China Bicycle Association.

The first stage of the project, designed with a capacity of 1GWh, will commence construction before Dec 31

Upgrading and construction of 5G base stations will require much more power supply

It will also establish a battery technology research institute

Output is expected to reach 12.1 billion units this year

Trades thinned on Wednesday Aug 22 as demand weakened after transactions from most long-term contracts ended