Citic Securities: the thickening performance will be the catalyst for the lithium plate to continue to rise. | AVIC Lithium Power aims to 500GWh in the next five years.

[Citic Securities: performance thickening will be the catalyst for lithium plate to continue to rise] on November 18, CITIC Securities Research report pointed out that the tight lithium supply situation may not be alleviated in 2022, and lithium prices are expected to maintain an upward trend. the logic of plate allocation has shifted from "price rise" to "performance". Thanks to the rising lithium price hub, lithium company's performance in 2022 is expected to be significantly thicker than the same period last year, bringing a significant valuation advantage. Companies with high self-sufficiency rate of lithium ore and continuous landing of lithium resources are recommended. Recommend Ganfeng Lithium Industry, Shengxin Lithium Energy and Salt Lake shares, and suggest paying attention to Yongxing Materials.

[Mount Qomolangma, Tibet: the Angeles Salt Lake project is still in the early development preparation stage] according to the announcement of Mount Qomolangma in Tibet on November 17, the company recently signed the Investment Agreement on the industrialized Development Project of Salt Lake Resources in Salta Province with the government of Salta Province. The company and its subordinate companies will invest about 700 million US dollars in Argentina in 2022 to build an annual production capacity of 50,000 tons of lithium carbonate products in the Anheles Salt Lake in Salta Province. Construction of the project is scheduled to begin by the end of 2021 and is expected to be completed by the end of 2022. The company prompts the risk that at present the company's Angeles Salt Lake project is still in the preparatory stage of development and can not achieve benefits in the short term.

Liu Jingyu, chairman of AVIC Lithium, said that the planned capacity of AVIC Lithium will exceed 500GWH by 2025 and is expected to achieve a capacity of 1000 GWh by 2030. AVIC Lithium raised its capacity planning target in June this year. The company planned to achieve a planned capacity of 300 GWh by 2025, 50 per cent higher than its previous target. "View details

[Gree Electric Appliances spent another 3 billion to improve New Energy vehicle Business] on the evening of November 16, Gree Electric Appliances announced that it intends to hold 38.78% of Dun'an Environment at a total price of 3 billion yuan by way of share transfer and non-public offering. Dun'an Environment will become the company's controlling subsidiary. Dun'an Environment is not only an important supplier of Gree Electric Appliances, but also a leader in the global refrigeration components industry. from the main business of Dun'an Environment, Gree Electric Appliance's move is to further consolidate the industrial system of the whole industry chain. at the same time to the upstream new energy thermal management business to promote the coordinated development of its new energy business.

[GM's first special-purpose electric vehicle factory opens] General Motors opened its first special-purpose electric vehicle plant in Detroit. Mary Barra, the company's chief executive, sounded the opening bell at the factory earlier Wednesday, and Biden will visit the factory the same afternoon. GM is currently conducting pre-production of GMC Hummer electric pickups at the plant and is expected to start shipping to customers soon.

[Ningde time Investment Dingyang Intelligence, whose business scope includes lithium battery production technology development, etc.] according to Tianyancha App, recently, industrial and commercial changes have taken place in Shenzhen Dingyang Intelligent Electric Co., Ltd., the former shareholder Shenzhen Jiyang Intelligent Technology Co., Ltd. withdrew, and Ningde Times New Energy Technology Co., Ltd. was added as a shareholder, with a shareholding of 70%. The company was established in November 2018, the legal representative is Yao Bing, with a registered capital of 5 million yuan, and its business scope includes technology development and transfer of lithium battery production technology, integrated circuit design, research and development, etc.