SMM June 18: after the across-the-board decline on June 16, lithium battery concept stocks made a "comeback" after yesterday's pullback, rising more than 1.55% at one point, recovering all the losses since June 15. At the same time, lithium power stocks are also very active, with Rongbai Technology, Xingyuan Materials and Zhongke Electric and other stocks rising more than 10% at one time, Tianci Materials up 9%, and Nord shares, as well as Huayou Cobalt and Azure Lithium Core and other stocks also rose more than 6%.
On the news, the China Automobile Association released its latest forecast that the sales of new energy vehicles in China will grow at an average annual rate of more than 40% in the next five years. In the next five to eight years, nearly 200 million IV and less vehicles in use in China will face phase-out and replacement, and the market share of new energy vehicles will significantly increase to 20-30%.
The strength of the field of new energy vehicles is also shown incisively and vividly in its production and sales data in May. According to data from the China Automobile Association, domestic car production in May totaled 2.04 million, down 6.8 per cent from a year earlier, and sales totaled 2.128 million, down 3.1 per cent from a year earlier. However, in the same period, the production and sales of new energy vehicles soared 151.7% and 159.7% compared with the same period last year, which shows the popularity of new energy vehicles.
In addition, according to the latest news, Wan Gang, vice chairman of the National Committee of the Chinese people's political Consultative Conference and president of the China Association for Science and Technology, also proposed to extend the tax relief policy for the purchase of new energy vehicles, once again bringing new stimulation of good news to the new energy vehicle industry.
It is not just the purchase tax. Guo Shougang, deputy director of the equipment Industry Department of the Ministry of Industry and Information Technology, also said in a speech on June 18 that the 14th five-year Plan is an important period for China's automobile development. therefore, it is imperative to promote infrastructure construction such as new energy charging and power exchange in the future.
As an important part of new energy vehicles, lithium battery is naturally bright in the thriving field of new energy vehicles. According to the monthly data of power batteries released by the China Automotive Power Battery Innovation Alliance in May 2021, China's power battery production totaled 13.8 GWhs, an increase of 165.8 percent over the same period last year. In terms of vehicle loading, China's power batteries loaded 9.8 GWhs, up 178.2 percent from the same period last year and 16.2 percent from the previous month.
It is worth mentioning that lithium iron phosphate batteries have become increasingly strong recently because of their low cost and high safety. According to the power battery production data of China Automotive Power Battery Industry Innovation Alliance in May, lithium iron phosphate batteries reached 8.8GWh. it accounts for 63.6% of the total output, an increase of 317.3% over the same period last year, and its proportion has exceeded that of ternary batteries.
According to the spot quotation of SMM, the price of, SMM power lithium iron phosphate was 50000 yuan / ton as of June 18, up 1200 yuan / ton or 31.6% from the beginning of the year.
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