【9.12 Lithium Battery Express】Institutions Claim Lithium Prices Have Bottom Support | TONZE LiPF6 Production Lines Operate at Full Capacity

[CAAM: China's Auto Production and Sales Both Exceeded 20 Million Units for the First Time from January to August, up 12.7% and 12.6% YoY Respectively]According to data released by the China Association of Automobile Manufacturers (CAAM) on the 11th, China's auto production and sales both exceeded 20 million units for the first time from January to August this year. Data shows that from January to August, China's auto production and sales reached 21.051 million and 21.128 million units, up 12.7% and 12.6% YoY respectively. Among them, NEV production and sales reached 9.625 million and 9.62 million units, up 37.3% and 36.7% YoY respectively, with NEV sales accounting for 45.5% of total new auto sales. In terms of exports, auto exports reached 4.292 million units from January to August, up 13.7% YoY. Among them, NEV exports reached 1.532 million units, up 87.3% YoY.

[CITIC Securities: Lithium Price Bottom Has Support]CITIC Securities believes that overseas lithium resource projects showed a trend of increasing volume and falling prices in Q2 2025. As domestic lithium carbonate prices bottomed out and recovered since Q3, overseas lithium mine production enthusiasm has increased, with overall growth in production guidance for the 2026 fiscal year, potentially delaying the exit of overseas supply from the market. However, supply risks for domestic lepidolite have not yet been eliminated, and coupled with stronger-than-expected downstream demand, we expect the risk of a significant drop in lithium prices to be low. If there are unexpected disruptions in lepidolite production, it may drive a recovery in the supply-demand balance table and a price rebound. It is recommended to focus on low-cost targets that may benefit from the lithium price bottoming out and rebounding, as well as companies with high-quality mine assets. (CaiLianShe)

[Lizhong Group: Successfully Obtained Invention Patent for Lithium Sulfide Preparation]Lizhong Group stated on the interactive platform that in the field of solid-state batteries, the company recently successfully obtained an invention patent for the preparation of lithium sulfide. As a key raw material for synthesizing sulfide solid-state electrolytes, lithium sulfide directly determines the purity and performance of the electrolyte. The successful R&D of lithium sulfide will lay the foundation for the company's future expansion into the solid-state battery business field. (CaiLianShe)

[China's Power Battery Installations Reached 62.5 GWh in August, up 32.4% YoY]The China Automotive Power Battery Industry Innovation Alliance released the power battery monthly information for August 2025. In August, China's power battery installations reached 62.5 GWh, up 11.9% MoM and 32.4% YoY. Among them, ternary battery installations were 10.9 GWh, accounting for 17.5% of total installations, down 0.1% MoM and 10.0% YoY; LFP battery installations were 51.6 GWh, accounting for 82.5% of total installations, up 14.8% MoM and 47.3% YoY. January-August, China's power battery cumulative installed capacity reached 417.9 GWh, up 43.1% YoY. Among them, ternary battery cumulative installed capacity was 77.4 GWh, accounting for 18.5% of the total installed capacity, down 9.7% YoY; LFP battery cumulative installed capacity was 340.5 GWh, accounting for 81.5% of the total installed capacity, up 65.1% YoY.

[TONZE: Currently, the Company's LiPF6 Production Lines Are Basically Operating at Full Capacity]TONZE stated on the interactive platform that currently, the company's LiPF6 production lines are basically operating at full capacity. (Cailian Press)

[Lead Intelligent Equipment: Uncertainty Exists in the Advancement of Solid-State Battery Related Business]Lead Intelligent Equipment (300450.SZ) issued an announcement on severe abnormal fluctuations in stock trading. The company noted the recent high market attention on the solid-state battery concept sector. Upon self-inspection, the core progress of the company's solid-state battery equipment business has been detailed in previous periodic reports. The company specially reminds investors to pay attention to industry dynamics. Currently, the global solid-state battery industry is still in the stage of technological iteration and industrialisation preparation, and has not yet entered the large-scale mass production cycle. The advancement of the company's related business is uncertain. (Cailian Press)