[9.2 Lithium Battery Express] Institutions Report Downstream Demand Entering Traditional Peak Season, Lithium Prices Find Support

The third round of auto consumption subsidy activities for the second half of 2025 in Jinan officially started at midnight on September 1. The total subsidy amount for this round is 12 million yuan, distributed on a first-come, first-served basis according to the order in which applicants submit their documents, until the quota is exhausted. This subsidy activity will last until 24:00 on September 30. During this period, consumers who purchase new non-commercial passenger vehicles from participating auto sales enterprises in Jinan and obtain a Uniform Motor Vehicle Sales Invoice that meets the time requirements of the activity can apply for the subsidy. The subsidy is open to both individuals and business entities, with no restrictions on household registration or license plate area. (Cailian Press)

[CITIC Securities: Entering Traditional Peak Season Downstream Demand Supports Lithium Prices]According to a research report by CITIC Securities, domestic lithium carbonate production hit a record high again in August, exceeding 85,000 mt, up 5% MoM and 39% YoY. Production from lepidolite and salt lake sources significantly pulled back, while spodumene-based lithium production saw a notable increase. As downstream demand enters the traditional peak season, expectations are positive, providing support for lithium prices. (Cailian Press)

[Tiannqi Co., Ltd.: Signs Strategic Cooperation Framework Agreement with EVE]Tiannqi Co., Ltd. (002009.SZ) announced that it has signed a "Strategic Cooperation Framework Agreement" with EVE. Both parties plan to jointly build a full-chain closed-loop system for lithium batteries, covering "manufacturing - application - reverse recycling - regeneration", through strengthening the layout of the recycling network, efficient sorting, and regeneration, among other reverse supply chain links, to jointly construct a green value chain closed loop for the entire life cycle of lithium batteries. This agreement is expected to have a positive impact on the company's operating conditions for the current year and beyond. (Cailian Press)

[Dexin Technology Hits 2 Consecutive Trading Limits: The Company Does Not Directly Produce Solid-State Batteries]Dexin Technology (603032.SH) issued an abnormal fluctuation announcement, stating that as of the date of this announcement, the company has noticed the market's focus on its solid-state battery concept. The company hereby clarifies: Dexin Technology does not directly produce solid-state batteries; its subsidiary, Dongguan Zhihong Precision Mould Co., Ltd., provides a series of pole piece automatic cutting high-precision molds, high-precision die-cutting knives, and solutions to downstream lithium battery producers and new energy equipment manufacturers, meeting different production processes, product performance, and application needs. In addition, the company's major shareholder, Xinjiang Uygur Autonomous Region State-owned Assets Investment and Operation Co., Ltd., reduced its holdings of 2,335,100 unrestricted tradable shares of the company, accounting for 1% of the company's total share capital, through centralized bidding on August 25, 2025. (Cailian Press)

[New Energy Vehicle Makers' August Deliveries: "NIO, Xpeng, Li Auto" All Set New Records, Li Auto Falls Behind]New energy vehicle makers have successively released their delivery data for the previous month, showing an overall growth trend. Leap Motor, XPeng Motors, and NIO all set new monthly delivery records, while Li Auto, affected by product transition and sales service system adjustments, saw its monthly deliveries decline for three consecutive months MoM. Among them, Leap Motor achieved a new high of 57,066 units in monthly deliveries, up over 88% YoY; XPeng Motors delivered 37,709 new vehicles in August, up 168.66% YoY; NIO delivered 31,305 new vehicles in August, up 55.16% YoY; Li Auto delivered 28,529 new vehicles in August, down 40.72% YoY. (Cailian Press)

[BYD's August NEV Sales Flat YoY at 373,600 Units]BYD's August NEV sales reached 373,600 units, flat compared to 373,100 units in the same period last year; cumulative NEV sales from January to August totaled 2.864 million units, up 23% YoY. BYD stated that the company exported a total of 80,813 NEVs in August 2025. (Cailian Press)