[10.12 Lithium Express] State Council: appropriately raise the sales target of new energy vehicles in 2025 | Tianfeng Securities expects the high lithium price to appear in the first quarter of next year.

[Tianfeng Securities: lithium prices are likely to continue to rise and the peak is expected to appear in the first quarter of next year] Tianfeng Securities released a research report saying that lithium prices will most likely continue to rise. Among the two major demand for lithium salt, the peak season of new energy vehicles is gold, silver and silver, while the peak season of 3C is in the second half of each year. If downstream companies purchase a month in advance, the peak season for lithium salt is from August to November. The projects that can release lithium salt in the fourth quarter are limited, the salt lake production in Qinghai and Tibet will begin to decline due to seasonal factors, and the situation that supply falls short of demand will most likely intensify. Lithium salt prices are likely to continue to rise before new lithium resource projects begin to expand on a large scale, and the high lithium price is expected to occur in the first quarter of 2022.

[Wang Jinzhao of the Development Research Center of the State Council: appropriately raise the sales share of new energy vehicles in 2025] "We plan that the proportion of new energy vehicles in new vehicles will reach 20% by 2025. Now, in the context of global bets on new energy, if you want to achieve the dual-carbon goal, this goal should be appropriately accelerated. Can new energy vehicle sales account for 25% to 30% of new car sales by 2025 and reach 50% by 2030. " On October 11, Wang Jinzhao, head of the Industrial economy Department of the Development Research Center of the State Council, pointed out at the third Global New Energy and Smart Automobile supply chain Innovation Conference.

[aiming at new energy lithium materials race track phosphorus chemical enterprises open "left phosphorus right lithium" mode] with the explosive growth of new energy vehicles, driven by the demand for lithium materials, phosphate ore is gradually in short supply since the fourth quarter of 2020, and the price of phosphate-containing lithium electric raw materials has soared. Recently, a number of phosphorus chemical companies, especially listed companies with phosphate rock resources, aim at the new energy lithium raw materials race track, scrambling to open or add the "left phosphorus right lithium" mode.

[Jingwei shares: plan to invest 800 million yuan in the first phase of the 10GWh lithium battery project] Jingwei shares announced that the company plans to invest in the construction of 10GWh lithium battery project, and the lithium battery products will be used in the power system and energy storage system of new energy vehicles. The annual production capacity of the first phase of the project is 2GWH, with an investment of 800 million yuan.

[Rongjie shares: the contract amount of lithium power equipment and lithium salt products signed with BYD in the past year reached 509 million yuan] Rongjie Co., Ltd. announced that based on the needs of daily operation, the company signed a number of sales contracts with the related party BYD within 12 months in a row. The object of the contract is lithium power equipment and lithium salt products, and the contract amount (excluding tax) amounts to 509 million yuan. The accumulated amount of the contract exceeds 50% of the audited main business income of the company in the most recent fiscal year.

[GAC Ean Xi Zhongmin: commodity prices and power cuts have a more serious impact on car companies than lack of core] Xi Zhongmin, deputy general manager of Guangzhou Automobile Ean New Energy Automobile Co., Ltd., said that the automobile industry is facing supply chain problems such as lack of core and rising prices of bulk products. Recent "power cuts" have made car companies even worse. "in fact, everyone (car companies) are betting to see if they can get through it." As to whether the problem of the supply chain will be transmitted to the car price, Xi Zhongmin believes that the supply chain has a certain degree of flexibility, and it takes a certain process to transfer it to the car price.