[Citi Raises 0-3 Month Price Target for China's Lithium Carbonate from $7,000/mt to $11,000/mt]In a report released on Wednesday, Citi analysts raised their short-term price forecast for lithium, while noting that the recent rally and supply reductions are merely "transitory." "We recommend establishing bearish positions in the coming months as lithium carbonate prices rise further," wrote analysts including Shreyas Madabushi. The bank expects the recent supply constraints to last no longer than 3-6 months. Citi increased its 0-3 month price target for China's lithium carbonate from $7,000/mt to $11,000/mt, projecting the market to remain oversupplied for at least the next two years, with potential price pressures resurfacing in 2026. (Cailian Press)
[CNGR: Salt Lake Lithium Ore Resources in Argentina Exceed 10 Million mt LCE]On August 20, CNGR (300919.SZ) stated in response to investor inquiries on an interactive platform that the company has deployed salt lake lithium ore projects in Argentina through majority and minority stakes, currently controlling JAMA and holding a stake in Solaroz, with estimated resources exceeding 10 million mt LCE. The low-cost advantages of these salt lake lithium ore assets, acquired during the market downturn, synergize with the recent lithium carbonate price rebound, significantly enhancing their strategic value.
[CAAM: Top 10 MPV Producers Sold 521,000 Units, January-July]According to CAAM analysis, the top 10 MPV producers sold 521,000 units from January to July, accounting for 77.9% of total MPV sales. Among them, GAC Trumpchi and SAIC Maxus saw year-on-year sales declines, while other manufacturers reported varying degrees of growth.
[GEM and Azure Sign Strategic Agreement to Develop Ultra-High Specific Energy Battery Materials and Solid-State Battery Innovation Consortium]GEM (002340.SZ) announced a strategic cooperation agreement with Azure to establish a comprehensive partnership, covering raw material supply, R&D, market expansion, and capital support in the ultra-high specific energy battery sector. This collaboration aims to jointly address global demand and challenges for advanced battery materials, creating an innovation consortium for ultra-high specific energy battery materials and solid-state batteries, while developing cutting-edge industrialisation technologies. ((Cailian Press)
[Jinlu Electronics: Successfully Developed PCB for Solid-State Battery BMS in Collaboration with Downstream Customers] Jinlu Electronics stated on the interactive platform that the company has successfully developed a PCB for solid-state battery BMS in collaboration with downstream customers, and will closely monitor battery technology innovations and actively adapt its products. In addition, in the field of automotive autonomous driving, PCB applications include components such as radar, cameras, P-box, and domain controllers. The company's PCBs are used in the above components, and the current technological accumulation can meet the needs of existing customers and its own development. (Cailian Press)
[Shenyang Launches 2025 Autumn Auto Consumption Subsidy Campaign] The press conference for Shenyang City's 2025 Autumn Auto Consumption Subsidy Campaign was held on August 21. It was mentioned that the Shenyang Municipal People's Government has decided to carry out the 2025 Shenyang Autumn Auto Consumption Subsidy Campaign from August 22 (inclusive) to September 5 (inclusive). A total of 50 million yuan in auto consumption subsidies will be distributed to individual consumers (regardless of household registration) who hold a valid Chinese resident ID card and purchase a new passenger vehicle or a used passenger vehicle from participating auto sales enterprises in Shenyang. Applications are processed on a first-come, first-served basis, based on the time when individual consumers submit qualified application materials. The campaign will end once the funds are exhausted. (Cailian Press)
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