The market capitalization exceeds 40 billion! The company is optimistic about the prospect of lithium battery and is ready to choose the opportunity to return to the new energy vehicle market.

SMM July 20: recently, Tianneng shares said in an institutional survey that the company not only cooperates with Mavericks, Emma, Yadi and other enterprises on lead batteries and lithium batteries, but also continues to supply lithium battery products to Haiquan, Hongri, Reading and other companies. In the future, Tianneng Co., Ltd. will steadily develop lithium electricity in various sub-fields.

Considering that the current leading effect in the field of new energy vehicles is obvious, and there is still a lot of room for fuel vehicle replacement in the future, Tianneng shares will choose the right time to return to the new energy vehicle market according to the progress of capacity construction.

According to the China Automobile Association, the production and sales of new energy vehicles in June 2021 were 248000 and 256000 respectively, an increase of 1.3 times and 1.4 times over the same period last year, continuing to set a new record for the month's production and sales. In the past six months in 2021, domestic production and sales of new energy vehicles have doubled. As a result, Sino-Thai Securities believes that electric vehicle production and sales data continue to hit a new high, embracing the high prosperity of the industry.

The China Automobile Association also raised its sales forecast for new energy vehicles in 2021, raising the figure from the original 2 million to 2.4 million, a sign of the popularity of the field.

Therefore, Tianneng shares of this decision is also very wise. As of 9:56, Tianneng shares were quoted at 44.90 yuan per share at 0.4%.