[5.24 Lithium electricity Express] Lithium hydroxide prices have risen for 22 consecutive weeks * CITIC Securities: the smart car field will usher in a five-year-dimensional period of rapid growth.

[Huayou Cobalt Industry: plans to acquire shares in Bamo Technology to strengthen the layout of Lithium cathode Materials] Huayou Cobalt Industry announced that the company intends to buy 38.6175% of Tianjin Bamo Technology Co., Ltd. (referred to as "Bamo Technology") from Hangzhou Hongyuan, with a transaction price of 1.351 billion yuan. At the same time, Huayou Holdings, the company's controlling shareholder, agreed to entrust the voting rights and other rights of the 26.4047% equity representatives of Bamo Technology to the company to exercise. After the completion of the transaction, the company controls 65.0222% of the voting rights of Bamo Technology, which can realize the control of Bamo Technology. Palmer Technology, which specializes in lithium battery cathode materials, is one of the leading manufacturers of cathode materials in the industry.

Today, CITIC Securities pointed out that under the exemplary effect of Tesla, the development of smart cars has accelerated, and "software-defined cars" have gradually become a consensus in the industry. We believe that the smart car field will usher in a period of rapid growth in the five-year dimension, both in terms of endogenous growth and epitaxial expansion.

[the price of lithium hydroxide has risen for 22 consecutive weeks] as a key raw material for high-nickel ternary lithium batteries, the price of lithium hydroxide has continued to rise this year. As of May 21, domestic lithium hydroxide was quoted at 89000 yuan / ton, rising for 22 consecutive weeks, with a cumulative increase of 82% so far this year. Minsheng Securities said that most of the new energy vehicle batteries listed in 2021 are high-nickel ternary lithium batteries, the demand for battery-grade lithium hydroxide remains high, and the price upward trend is expected to continue.

[Hyundai suspends production at the Asan plant due to chip shortage] Hyundai will suspend production at the Asan plant from May 24 to 26 because of a shortage of chips.

[Yiwei LiNeng: subsidiary Yiwei Asia signed joint venture agreement for wet smelting project of Indonesian Huayu nickel cobalt laterite nickel mine] May 24 news, Yiwei LiNeng announced that Yiwei Asia, a subsidiary, and Huayou International Cobalt Industry and other trading parties signed a joint venture agreement for the wet smelting project of Indonesian Huayu nickel cobalt laterite nickel ore. The scale of the project is about 120000 tons of nickel metal products and about 15000 tons of cobalt metal products. In order to support the construction and operation of the project, Yiwei Asia intends to provide shareholders' loans to the joint venture company, and other shareholders of the joint venture company except Yiwei Asia should pledge their shareholding in the joint venture company to Yiwei Asia.

[beautiful: Midea's new energy car products will be released on May 18] recently in the capital market, Midea, who has always kept a low profile, stole the limelight and the stock price fluctuated, which is estimated to make the heartbeat of many investors faster. On May 17, Midea suddenly announced that Midea's new energy vehicles will be released on May 18.