【EV: CATL Buys 24.87% of Battery-Swap Firm Qiyuan Xindongli for RMB 2.556bn, Becomes Top Holder】

Today, SMM spot battery-grade lithium carbonate price compared with the previous trading day. On the futures side, prices drifted lower. The lithium carbonate 2701 contract opened at 159,500 yuan/mt today, fluctuated lower after the open, and moved sideways below the average price line in the morning session, hitting a high of 159,900 yuan/mt. Around midday, bears concentrated their efforts, and the price quickly broke below 155,000 yuan/mt. In the afternoon, it consolidated on a weak note at lows; although it rebounded slightly during the period, it failed to break through the resistance of the average price line. In the final session, the price dipped again and hit a new intraday low of 150,300 yuan/mt, ultimately closing down 6.09% at 150,300 yuan/mt, with open interest decreasing by 4,912 lots. In the spot market, as prices drifted lower, downstream buyers stockpiled on dips as needed, while upstream lithium chemical plants' willingness to sell spot orders decreased. Overall, market inquiries and actual transactions were active. Today's price drift lower was mainly driven by two factors: first, market expectations of production resumptions at Jiangxi mines turned positive; second, macro sentiment was weak, and systemic risk appetite declined, putting pressure on lithium prices.

The semi-annual report disclosure of A-shares has entered its final sprint, with the lithium battery industry chain becoming a market focus. On the evening of August 24, publicly listed firms in the lithium battery sector collectively released their "mid-term report cards." According to Battery.com statistics, the total operating revenue of the 30 publicly listed firms in the lithium battery sector that disclosed that day was approximately 290.317 billion yuan, with total net profit of about 21.852 billion yuan. Among them, 23 firms achieved dual growth in both revenue and net profit. From the perspective of operating revenue, in H1, Wanhua Chemical was the only company with a revenue exceeding 100 billion yuan, reaching 119.316 billion yuan. Additionally, CNGR Advanced Material, Gotion High-tech, Xingfa Group, and Keda Industrial achieved revenue of 33.584 billion yuan, 27.776 billion yuan, 17.452 billion yuan, and 10.392 billion yuan, respectively.

[Solid-State Battery: Tinci Materials’ 100-MT-Class Lithium Sulphide and Solid-State Electrolyte Pilot Line Construction Completed] On August 23, 2026, Tinci Materials announced that a 100-mt-class lithium sulphide and solid-state electrolyte pilot production line had been completed and would enter trial production in Q3, with lithium sulphide being the core precursor raw material for sulphide solid-state electrolytes.