[6.9 Lithium Express] Lithium hexafluorophosphate supply is tight and related companies continue to increase production capacity * Retail sales of new energy passenger cars increased by 177.2% in May compared with the same period last year.

[lithium hexafluorophosphate supply continues to be tight, related companies have increased production capacity] at present, the inventory of lithium hexafluorophosphate industry is the lowest in recent years, some production enterprises continue to be full production, the industry operating rate is about 80%, and most enterprises have basically saturated their orders in June. Driven by strong demand downstream, the domestic price of lithium hexafluorophosphate rose again on June 8. The market price was 310000 yuan / ton, with a price range of 280000 yuan / ton to 340000 yuan / ton, an increase of nearly three times during the year. In order to be optimistic about the higher-than-expected growth of the new energy vehicle market and the sustained growth trend in the future, many listed companies have increased the production capacity of lithium hexafluorophosphate.

[Ganfeng Lithium Industry: proposed joint venture company with annual production capacity of 50,000 tons of lithium new energy materials project] June 8 news, Ganfeng Lithium Industry announced that the company and the Fengcheng municipal government signed the "Investment contract" and the "Investment Supplementary contract" on June 8, 2021, agreeing that the company should set up a joint venture company within the jurisdiction of Fengcheng Municipal Government and invest in the construction of a new energy material project with an annual capacity of 50,000 tons of lithium electricity.

[sources say Apple tends to use lower-cost lithium iron phosphate batteries] on June 8, four people familiar with the situation said that Apple is in preliminary talks with Chinese battery suppliers Ningde Times and BYD on battery supply for electric vehicle projects. Apple prefers lithium iron phosphate batteries because using iron for production, rather than higher-priced nickel and cobalt, makes production cheaper, the four people familiar with the matter said.

[car Association: retail sales of new energy passenger vehicles reached 185000 in May, an increase of 177.2% over the same period last year] according to the data of the Automobile Federation, wholesale sales of new energy passenger vehicles reached 196000 in May, an increase of 6.7% over April and 174.2% over the same period last year, showing a good trend of strong growth. Retail sales of new energy passenger cars reached 185000 in May, up 177.2 per cent from a year earlier and 17.4 per cent from April. Companies with retail sales of more than 10,000 vehicles include SAIC GM Wuling 33175, BYD 31908, Tesla China 21936, and GAC Eian 10395.

[car Association: liberalizing the three-child policy is good for China's car market] car association: China's car market has entered an era dominated by middle-aged consumers, and is gradually moving towards a car market dominated by elderly consumptions. therefore, it is a good thing that the country's introduction of the three-child policy will make the demand of the car market more diversified and users' grasp of their own needs more mature.

[White House: the United States must work with allies to ensure the supply of metal for electric vehicles] the White House said on Tuesday that for environmental and other reasons, the United States must work with its allies to ensure the mineral supply needed for electric vehicle batteries. and process it at home. The Biden administration will also set up a working group to determine where minerals used in electric vehicle batteries and other technologies can be produced and processed in the country. It is not clear what impact this will have on existing electric vehicle mining projects. Obtaining enough copper, lithium and other raw materials to produce electric car batteries is a major obstacle to Biden's electric vehicle promotion plan, as domestic mines face broad regulatory thresholds and environmental opposition.