17600 new energy vehicles were recalled due to power battery problems * Ganfeng Lithium intends to win the two Lithium Salt Lake projects in Argentina

[Ganfeng Lithium Industry intends to offer to acquire Canadian Millennial to acquire two Lithium Salt Lake projects in Argentina] Ganfeng Lithium Industry issued an announcement that the 29th meeting of the fifth board of directors of Ganfeng Lithium Co., Ltd. on July 16, 2021, examined and passed the "proposal on Mining right Investment involved in Ganfeng International or its wholly-owned subsidiary's tender offer for Millennial of Canada". It is agreed that Ganfeng International Co., Ltd., a wholly-owned subsidiary or its wholly-owned subsidiary, shall make an offer to acquire Millennial of Canada with its own funds, with a transaction amount not exceeding C $353 million.

[polyfluoroduo 5.15 billion plus code LiPF6 and other projects newly signed by BYD and other three orders of about 10,000 tons] Polyfluoroduo plans to use self-raised funds to invest in the construction of 100000 tons of lithium hexafluorophosphate and 40,000 tons of difluorosulfonimide lithium (LiFSI) and 10,000 tons of lithium difluorophosphate with a total investment of RMB 5.15 billion. In addition, Polyfluoroduo recently signed product sales contracts with BYD, Funeng Technology and Henan Nonferrous, respectively, and the supply of lithium hexafluorophosphate will be no less than 9960 tons.

[behind the lithium concept "highlight": the sharp rise in raw material prices forced mid-stream enterprises to make upward mergers and acquisitions] recently, Tesla launched the standard continued version of ModelY on China's official website, which fully introduced lithium iron phosphate batteries in Ningde era. It is found that among the lithium battery materials, the demand for lithium iron phosphate cathode material is growing rapidly, the contradiction between supply and demand of lithium hexafluorophosphate material for the production of electrolyte is prominent, and the price has risen sharply. On the whole, the upstream raw material end benefits more obviously, while the middle reaches enterprises face the cost rising passively and difficult to pass on to the downstream, so the pace of expansion is restricted.

[Skyline shares: long-term cooperation agreement signed between subsidiary and Shenzhen BYD on the supply of lithium hexafluorophosphate] Skyline share announcement, Xintai Materials, a wholly owned subsidiary, signed a "long-term cooperation agreement" with Shenzhen BYD on the long-term supply of lithium hexafluorophosphate. The two sides have determined the supply quantity of lithium hexafluorophosphate products: from July 2021 to December 2022, Xintai Materials will supply no less than 3500 tons of lithium hexafluorophosphate to Shenzhen BYD; in 2023, the supply of lithium hexafluorophosphate products will be 3600 tons to 7800 tons. Specific production capacity will be negotiated again in December 2022.

[LG signs cooperation agreement with Australian lithium miner] Australian lithium miner Vulcan Energy Resources announced on Monday that it has signed a lithium hydroxide supply agreement with LG Energy Solutions, a battery subsidiary of South Korea's LG Chemical, for at least five years.

[17600 new energy vehicles were recalled due to power battery problems] Great Wall and Chery voluntarily recalled 17623 new energy vehicles on July 16 because of the risk of thermal runaway of power batteries. A number of battery suppliers, such as Funeng Technology, are involved. We learned from the Ningde era that the recalled vehicles were not equipped with Ningde era batteries. Great Wall responded that the iQ model was equipped with a solar battery.