The agency maintains its forecast of 5.5 million new energy vehicles this year | Honeycomb Energy and BASF Shanshan Strategic Investment in Yongshan Lithium Industry

[Tianneng Co., Ltd.: plans to put 5.17 billion yuan into construction of annual 15GWh energy storage and power lithium battery project] Tianneng share announcement intends to invest in the construction of annual 15GWh energy storage and power lithium battery project, mainly producing lithium iron phosphate battery cells and systems for energy storage and power, with an estimated total investment of about 5.17 billion yuan.

[Hengdian Dongji: starting from this year, the lithium power business will gradually increase overseas direct delivery] Hengdian East Magnetic said at the performance meeting that the company plans to make the lithium power business above the scale of 10GWh in 2-3 years, mainly targeting the small power application market. Previously, the products were mainly sold to domestic customers, and the proportion of overseas direct delivery will be gradually increased from 2022.

[Xingyuan material: growing market demand for lithium battery separator industry] Xingyuan material said on the interactive platform that at present, the new energy industry is booming, and the rapid development of lithium battery terminal applications drives the development of upstream materials. the market demand of lithium battery separator industry is growing day by day, and the company pays close attention to the development opportunity of the industry and increases production capacity planning to meet the market demand of downstream customers. At the same time, the company will continue to improve production stability and production efficiency, reduce costs by economies of scale, and maintain the sustainable development of the company.

[honeycomb Energy and BASF Shanshan Strategic Investment Yongshan Lithium Industry] Honeycomb Energy and BASF Shanshan Strategic Investment Hunan Yongshan Lithium Industry Co., Ltd. Honeycomb Energy and BASF Shanshan, as shareholders of Yongshan Lithium, will each own a 10 per cent stake in the latter. At the same time, Honeycomb Energy and Yongshan Lithium Industry signed a strategic cooperation framework agreement, which will supply lithium salt for Honeycomb Energy. According to the agreement, Honeycomb Energy, BASF Shanshan and Yongshan Lithium Industry will reach strategic cooperation in industrial capital, lithium salt product supply and lithium mineral resources during the cooperation period. "View details

[BYD's cumulative outstanding orders for 400000 vehicles are expected to hit the sales target of 2 million vehicles this year.] BYD's cumulative outstanding orders have reached 400000 vehicles and are still increasing month by month. As a result, BYD conservatively expects to sell 1.5 million vehicles in 2022; if the supply chain improves, it will hit the sales target of 2 million vehicles. According to the minutes of the meeting, BYD Han DM-i has a good sales order after its launch, and it is expected that the Han series will sell more than 30, 000 vehicles a month. BYD said that the current growth trend of raw material prices is slowing, and if the price of lithium carbonate remains at the current level, it will not have much impact on the sales of new energy vehicles this year. BYD estimates that the penetration rate of new energy vehicles for the whole year will exceed 35%, which could reach 40%.

Citic Securities: the demand for new energy vehicles remains strong throughout the year. Citic Securities pointed out that the negative impact of the rising price of lithium carbonate has led to recent collective price increases by new energy vehicle companies. Vehicle and battery factories are expected to face a certain gross profit margin pressure this year, and the price increase is expected to disturb orders in about a month. Due to the current abundant orders from new energy vehicle companies, the penetration rate of new energy vehicles in March is expected to hit a record high. In the short term, April may be a relatively low point for orders, but considering the continuous iterative upgrading of new car products, 2022 is expected to remain a prosperous year for new energy vehicles, maintaining the forecast of 5.5 million new energy vehicles sold this year.

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