[7.21 Lithium Express] BofA says global electric car battery supply could be cut off as early as 2025 * Biden government believes chip supply will increase

[Fulin Seiko: the subsidiary plans to invest 4 billion yuan to build an annual output of 250000 tons of lithium iron phosphate cathode material project] Fulin Seiko announcement, the subsidiary Jiangxi sublimation plans to increase investment in the construction of an annual output of 250000 tons of lithium iron phosphate cathode material project, with an estimated total investment of 4 billion yuan. Among them, the first phase of the project with an annual output of 60, 000 tons of lithium iron phosphate cathode material, the subsidiary Jiangxi sublimation has signed a "strategic cooperation agreement" with Sichuan Luran science and technology and the management committee of Sichuan Shehong economic development zone, with an estimated investment of 1.06 billion yuan

[Guoxuan Hi-Tech Co., Ltd. plans to build 20GWh power battery production base in Hefei Xinzhan High-tech Zone] on the morning of July 20, Hefei Guoxuan Hi-Tech Power Energy Co., Ltd. (referred to as Hefei Guoxuan Hi-Tech Power Energy Co., Ltd.) formally signed a cooperation agreement with the management committee of Hefei Xinzhan High-tech Industrial Development Zone to build a 20GWh power battery production base in Xinzhan High-tech Zone. The base will focus on the production of Volkswagen standard cells, which means that Volkswagen's first standard cell in the world is expected to be "made in Hefei".

[Tiantie Co., Ltd.: subsidiary plans to invest 1 billion yuan in lithium salt and other projects] Tiantie share announcement, Changjili New Energy, a wholly-owned subsidiary, plans to invest in the construction of a series of lithium salts and its supporting products with an annual output of 50, 000 tons in Longqiao Chemical Park, Lujiang High-tech Zone, with a total investment of about 1 billion yuan, forming an annual production capacity of 30, 000 tons of anhydrous lithium chloride, 10, 000 tons of battery-grade lithium carbonate, 10, 000 tons of battery-grade lithium hydroxide, etc. The annual output value is about 5 billion yuan.

[Azure Lithium Core: the industry classification was changed to "Electrical Machinery and equipment Manufacturing (Code C38)"] Azure Lithium Core announcement, the company mainly engaged in lithium battery, LED chip and metal logistics three businesses, in 2020 the company completed the actual controller and company name change, while the securities acronym changed to "Azure Lithium Core" to reflect the focus on lithium battery business. The industry classification of the company has been changed to electrical machinery and equipment manufacturing (industry code C38).

[bank of America: global electric vehicle battery supply could be cut off as early as 2025] the BofA research report says the global electric vehicle industry faces an imminent threat that its battery supply could run out as early as 2025. As the penetration of electric vehicles in all markets continues to rise, global battery shortages will intensify further between 2026 and 2030, reflecting the "increasingly optimistic" outlook for the electric vehicle industry. BofA expects global penetration of all new energy vehicles, including pure electric vehicles and plug-in hybrids, to reach 23 per cent, 40 per cent and 67 per cent respectively by 2025, 2030 and 2040.

[the Biden team thinks chip supply will increase] Biden administration officials say they are beginning to see signs of easing global semiconductor supply shortages, including a commitment by semiconductor manufacturers to produce more automotive chips for car companies that have to be idle. U.S. Commerce Secretary Raimundo facilitated a series of meetings between semiconductor manufacturers, suppliers and customers, including automakers. Raimundo said the results of the meeting made manufacturers' production and delivery more transparent and the supply to carmakers gradually increased.