[4.12 Lithium Power Express] Lithium Iron Phosphate prices soar and profits shift to the upper reaches of the industrial chain * LG and SK reach a $1.8 billion settlement agreement

[the price of lithium iron phosphate soars and profits turn to the upper reaches of the industrial chain] "at present, the mainstream price of power lithium iron phosphate is 46000 ~ 50,000 yuan / ton, and the mainstream transaction price of energy storage lithium iron phosphate is 42000 ~ 43000 yuan / ton. Compared with the low of 34000 yuan / ton in mid-November 2020, the market price of power lithium iron phosphate has recovered significantly recently, with a cumulative increase of more than 35% in more than four months. " For the recent trend of the lithium iron phosphate market, qu Yinfei, an analyst at Longzhong Information, pointed out that although the price is already high, the lithium iron phosphate power market is still performing well, the leading enterprises are still operating at full production, and the overall operating rate of the industry is 65.72%. What is more noteworthy is that the upstream raw material lithium carbonate has risen much more than lithium iron phosphate, and the price has rapidly doubled since October last year. Now, the cost pressure brought by the price increase is being transmitted to the industrial chain step by step, and the prices of electrolytes and negative materials have increased obviously.

[Guangfa Securities: the permeability of domestic new energy vehicles is expected to enter a period of rapid growth] Guangfa Securities pointed out that in March, the penetration rate of domestic new energy passenger vehicles broke through the 10% mark and reached 11.3%. With reference to the historical experience of permeability improvement in Germany and other European countries, we believe that the permeability of domestic new energy vehicles in the growing period of the industry is expected to enter a stage of rapid growth. As the double points policy continues to strengthen constraints, we expect domestic sales of about 23-2.4 million vehicles for the whole year, and sales are expected to be close to 4 million vehicles in 2022.

[sales growth of more than 70% in the first quarter aggravated the impact of lack of core] Automobile production and sales increased by 81.7% and 75.6% in the first quarter compared with the same period last year, of which the production and sales of new energy vehicles increased by 3.2 times and 2.8 times respectively. The tight supply of chips and other spare parts will continue to affect the pace of production, and the impact is expected to be greater in the second quarter than in the first quarter, so we still need to remain cautiously optimistic.

[LG and SK reach a $1.8 billion settlement] two South Korean electric car battery makers have reached a last-minute settlement in a fierce US trade dispute, freeing US President Joe Biden from having to choose between damaging intellectual property rights and political shocks to the climate agenda.

[Ganfeng Lithium Industry: the company's supply price to Tesla follows the market, locking quantity does not lock the price] Ganfeng Lithium Industry said on the interactive platform that Tesla is one of the company's main customers, and the two sides have always maintained a good cooperative relationship. The company supplies Tesla with the price in line with the market, and the lock volume does not lock the price.

[Nippon Electric will build a motor production center in Europe] at a cost of US $1.8 billion, Depco will build a motor production center in Europe. Nippon Electric will invest 200 billion yen ($1.83 billion) over the next decade to set up an European production center in Serbia to produce motors for electric cars and household appliances.