Dynavolt Tech to build 5GWh lithium battery lines in Henan

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.

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.

Nonferrous metals on the SHFE were mostly higher on Thursday morning, and their counterparts on the LME rose across the board after stocks on Wall Street sailed to record highs as US President Joe Biden was sworn into office.

Nonferrous metals on the SHFE were mostly lower on Wednesday morning, while their counterparts on the LME set for a mixed start.

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.

Nonferrous metals on the SHFE and LME both fell broadly on Thursday morning, extending losses, as surging global COVID-19 cases triggered more restrictions and stoked concerns about economic recovery.

Shanghai base metals fell for the most part on Friday morning, while their counterparts on the LME set for a mixed start, as the US dollar rebounded and hopes for a US stimulus package before the Nov. election dimmed.

No more than 100 million yuan of subsidy will be granted each year

Order volume from CATL will increase from €4 billion to €7.3 billion