Ministry of Industry and Information Technology said it will speed up the development of domestic lithium resources. 2021 data on the sales of power batteries in China have been released.

[Ministry of Industry and Information Technology: upgrading the guarantee capacity of key resources will speed up the development of domestic lithium resources] Guo Shougang, deputy director of the first Department of equipment Industry of the Ministry of Industry and Information Technology, said that in the next step, the Ministry of Industry and Information Technology will give full play to the role of the inter-ministerial joint meeting mechanism on energy conservation and new energy vehicles, formulate policies and measures to support the accelerated development of new energy vehicles, and maintain effective convergence of the policy system. At the same time, we will co-ordinate and enhance the guarantee capacity of key resources, strengthen communication and coordination with provinces and cities such as Qinghai, Sichuan and Jiangxi, and promote the development of domestic lithium resources.

[LG Energy has signed a large off-take agreement with Australian lithium miners for a period of five years] Australian lithium miner Liontown Resources Ltd said on Wednesday that it had signed a binding off-take agreement with South Korean battery maker LG Energy Solutions. The off-take agreement, which lasts for five years, is expected to begin in 2024 and can be extended for another five years when it expires. LGES will purchase 100000 dry tons of spodumene concentrate from Liontown's Kathleen Valley project in the first year and increase it to 150000 dry tons per year in subsequent years.

[BYD subsidiary won the contract for lithium mining in Chile] Chile gave two of the five lithium mining contracts to BYD Chile and Servicios y Mineras del Norte, according to an email statement sent by the Chilean Ministry of Mines. BYD offered $61 million and, Servicios y Opperciones offered $60 million. Each contract grants a quota of 80,000 tons of lithium production. These contracts account for about 1.8 per cent of Chile's known lithium reserves.

[Guoxuan Hi-Tech: subsidiary joint bid 394 million yuan Huaibei Anhui Energy Storage Power Station Project] Guoxuan Hi-Tech announcement, a wholly-owned subsidiary Hefei Guoxuan and Southwest Electric Power Design Institute formed a consortium of "Huaibei Anhui Energy Storage Power Station Phase I (103MW/206MWh) Project General contract", with a winning bid amount of 394 million yuan. The above bid-winning projects will be implemented by the company's energy storage business sector. after the completion of the Huaibei Anhui energy storage power station, it will become the Electroweb side lithium iron phosphate energy storage power station with the largest unit capacity in China.

Fengyuan shares: it is proposed to raise no more than 940 million yuan for the annual production of 50, 000 tons of lithium iron phosphate cathode material project] Fengyuan shares announcement, the company intends to raise a non-public offering of no more than 940 million yuan, after deducting the issuance costs, it will be used for the "production base project of lithium iron phosphate cathode materials with an annual production capacity of 50, 000 tons of lithium battery" and "supplementary liquidity project". The objects of this non-public offering include Zhao Guanghui, the company's controlling shareholder, real controller and chairman.

[cumulative sales of power batteries in China reached a cumulative increase of 182.3% over the same period last year in 2021] according to the China Automotive Power Battery Industry Innovation Alliance, in December 2021, China's power battery production totaled 31.6 GWH, an increase of 109.0% over the same period last year and 12.0% month-on-month growth. From January to December of 2021, the output of power batteries in China totaled 219.7 GWH, an increase of 163.4 percent over the same period last year. In December 2021, the sales of power batteries in China totaled 35.5 GWH, an increase of 190.5% over the same period last year. From January to December of 2021, the cumulative sales of power batteries in China reached 186.0 GWH, an increase of 182.3% over the same period last year. Of these, the cumulative sales of ternary batteries were 79.6 GWH, an increase of 128.9% over the same period last year, and the cumulative sales of lithium iron phosphate batteries were 106.0 GWH, an increase of 245.0% over the same period last year.

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