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Lithium battery stocks under pressure, BYD Electronic (00285) fell 3.7%. Cui Dongshu expects that the demand for electric vehicle batteries will grow slower than the total vehicle growth.
Jingu Finance News | Lithium battery stocks under pressure, BYD Electronic (00285) fell 3.7%, Tianqi Lithium Corporation (09696) fell 3.01%, Ganfeng Lithium (01772) fell 2.33%, and Zhongchuangxinhang (03931) fell 2.44%. Cui Dongshu, secretary general of the China Passenger Car Association, wrote that lithium battery installations in June 2024 reached 43 GWh, an increase of 30% YoY. The installation of ternary batteries was 11 GWh, accounting for 26%, which is lower than the same period last year. The installation of lithium iron phosphate batteries was 32 GWh, accounting for 74%, and the growth rate of ternary batteries has slowed down. The total lithium battery installations from January to June was 203 G, a YoY growth of 3.
Cui Dongshu: In June, 43 GWh of lithium batteries were installed, with phosphate iron lithium batteries accounting for 74%, and the growth of ternary batteries slowing down.
In June, the shipment volume of lithium batteries was 43 GWh, a 30% YoY increase; the shipment volume of lithium iron phosphate batteries was 32 GWh, accounting for 74%, and the growth of ternary batteries slowed down. From January to June, the shipment volume of lithium batteries was 203 G, with a YoY increase of 34%.
Tianqi Lithium Corporation (002466.SZ): As of now, the company holds a total of about 22.16% of the equity in SQM.
Tianqi Lithium Corporation (002466.SZ) stated on the investor interaction platform on July 19th that it is currently unable to determine the financial impact of implementing the Partnership Agreement according to the Announcement of the Partnership Agreement signed by SQM and Codelco disclosed on May 31, 2024. Based on the bullish development prospects of the new energy fund in the long term, as well as the excellent resource endowment of SQM, the company invested USD 4.066 billion in 2018 to acquire a 23.77% shareholder stake in SQM, becoming its second largest shareholder. As of now, the company holds SQM partner.
The surplus situation is difficult to change, and the price of lithium carbonate continues to decline! How long can the cost line of 0.08 million yuan/ton last?
Approaching the cost line
Soochow Securities: domestic forklift lithium battery short delivery advantage can be sustained, bullish on increasing market share and structural optimization for going abroad.
In 2024, under the trend of tightening eco-friendly policies, the stock of National IV diesel vehicles will replace National II and below diesel vehicles, and the penetration rate of high-value lithium electric forklifts will increase. Domestic sales are expected to continue to grow, optimizing the structure.
The contradiction between supply and demand is prominent! The price of lithium carbonate continues to fall, and the cost line of 80,000 yuan/ton is in danger.
Due to oversupply and continuous insufficient demand, the price of lithium carbonate has been falling steadily in the recent period.
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