[8.4 Lithium Express] Ministry of Commerce: increase the export of new energy vehicles to Russia | Guotai Junan is optimistic about the development prospect of salt lake lithium extraction industry.

[Yiwei Lithium Energy: plans to build an annual 30GWh power storage battery project] Yiwei Lithium Energy announcement, the company and Jingmen High-tech Zone Management Committee signed a "strategic investment agreement". Benefiting from the vigorous development of new energy vehicles and energy storage industry, the company and its subsidiaries plan to invest in the new annual 30GWh power storage battery project in Jingmen, specifically the 15GWh logistics vehicle and household energy storage lithium iron phosphate battery project and the 15GWh passenger car ternary battery project.

[car companies expect the global chip shortage to last at least next year] A number of large car companies recently warned again that the global chip shortage is adversely affecting their production and sales, which is expected to continue until at least next year. However, as both supply and demand adjust their strategies, and governments of various countries increase their support for the chip industry, in the long run, chip supply and demand is still expected to gradually return to balance.

[Ganfeng Lithium Industry received attention letter: required to explain the pricing policy and basis for the acquisition of foreign exchange innovative energy, Millennial, etc.] Ganfeng Lithium received a letter of concern, the company previously disclosed the "announcement on the capital increase of the holding subsidiary Ganfeng Lithium" and the announcement on Ganfeng Lithium's acquisition of 100% equity interest and related party transactions in Huihui innovative Energy. The announcement disclosed that it intends to make an offer to acquire Canada's Millennial for no more than C $353 million. The attention letter requires to explain the pricing basis for the capital increase of Ganfeng Lithium Power Company; to explain in detail the purpose, pricing policy and basis of purchasing foreign exchange innovative energy; to explain the reason and rationality of the valuation compared to the book value increase of 284.01%; to explain the pricing policy and basis for the acquisition of Millennial.

[CICC: sodium ion battery short-term impact worry-free long-term lithium demand rigidity] China International Capital Corporation research newspaper pointed out that recently, Ningde era officially released sodium ion battery. We believe that the impact of sodium battery on lithium demand is limited in the short term, and does not change the industry trend of shortage of lithium supply and demand from 2021 to 2025. In the long run, sodium battery is more likely to be used as a differential supplement to lithium battery and does not change the demand rigidity of lithium in the battery field.

[Guotai Junan Yang Bingru: lithium prices may rise in the second half of the year is good for new energy and optimistic about the development prospects of the salt lake lithium extraction industry] "New energy vehicle sales hit a new high. New energy vehicles are in line with the trend of intelligent development of the industrial chain, and consumers' acceptance of new energy vehicles is also increasing. " "the prosperity of the new energy automobile industry is quite high. The penetration rate of domestic new energy vehicle market is low, and the global sales volume is expected to exceed 8 million in 2022. There is a big gap in the domestic and foreign new energy vehicle market. "

[Ministry of Commerce: increase discussion on the export of new energy vehicles to Russia to carry out infrastructure cooperation on new energy vehicles] the Ministry of Commerce released an investigation report on the Development of New Energy vehicles in Russia on August 3, which pointed out that in the next step, Chinese enterprises can consider seizing the growth opportunity of the Russian market and, on the basis of full demonstration, increase the export of new energy vehicles to Russia and their marketing and promotion in Russia, so as to gradually expand their market share in Russia. Discuss with Russia to carry out infrastructure cooperation for new energy vehicles, including the construction of charging facilities, optimization of pipe networks, optimization of dispatching, transmission and distribution, intelligent services, supply in remote areas, etc., so as to share new opportunities in the new energy vehicle market.