[7.15 Lithium Express] Power battery recycling is included in the 14th five-year Plan * Ganfeng Lithium Industry and other companies have substantially raised their semi-annual performance forecasts.

[automobile exports in June 2021 increased by 1.5 times compared with the same period last year] according to the statistical analysis of the China Association of Automobile Manufacturers, thanks to the recovery of the international market and the improvement of the competitiveness of Chinese-branded cars, China's automobile exports reached another record high in June 2021. In June 2021, automobile enterprises exported 158000 vehicles, an increase of 5.0% from the previous month and a 1.5-fold increase over the same period last year. Among them, the export contribution of new energy vehicles is 11.1%.

[Fed beige book: tight car inventory leads to a decline in sales] the Fed's beige book shows that tight car inventory has led to a decline in car sales, despite stable demand.

[GM cancels some SUV wireless charging functions due to lack of core] affected by the global chip shortage, GM will cancel the wireless charging function of mobile phones in some newly produced SUV models.

[a number of companies have significantly raised their semi-annual report results] the reporting season for A-shares in 2021 has begun. According to incomplete statistics, as of the press release, 18 listed companies have raised their semi-annual performance forecasts since July, and the net profit expectations of Ganfeng Lithium Industry, Hefei Urban Construction, Ming Brand Jewelry, Sichuan Meifeng and Zhe Zhong shares have been raised by more than 100 million yuan. Ganfeng lithium industry upward revision performance forecast said that the first-half net profit increased by 731% in the first half of the year compared with the same period last year. 922%, and the profit was expected to be 800-1.2 billion yuan. During the performance forecast period, the price of the company's products exceeded expectations, and the fair value of the financial assets such as Pilbara held by the company increased. Tianqi Lithium Industry upward revision performance forecast is expected to make a profit of 78 million yuan to 116 million yuan in the first half, with a loss of 130 million yuan to 250 million yuan. Due to changes in the share price of SQM, the fair value change income from the company's SQM Class B leading options business increased than expected, and the sales volume and average sales price of the company's major lithium compound products increased during the reporting period.

[GM is expected to double its market value next year with all-out electrification] 2021 will undoubtedly become an "inflection point" for the auto industry. GM earlier said it would spend $35 billion on electric vehicle research and development and plans to introduce at least 30 new electric vehicle models to the market by 2025 and is expected to account for 100 per cent of electric vehicle sales in a decade. At the same time, the company plans to expand its design studio in China, which will focus only on developing electric and connected cars, instead of designing gasoline cars.

Power battery recycling rises to the national level! Included in the "14th five-year Plan" 15000 existing enterprises] with the rapid development of new energy vehicles, the problem of power battery recycling in the industrial chain should get more attention. The data show that the global total recovery of power batteries is about 120000 tons in 2019, and the recovery capacity of power batteries in China is about 26.69GWh (about 200000 tons) in 2020. The industry estimates that there will be 110GWh (about 800000 tons) power batteries to be recycled by 2025.