90,000, the last defense line of lithium prices? | Jianzhi Research
Has this round of liquidation just begun?
Will BYD Beat Tesla Again in the EV Sales Race?
The Chinese EV maker sold 426,039 pure EVs in Q2, close on the heels of Tesla (TSLA), which likely sold around 440,000 units, according to analyst forecasts. Tesla is due to report its Q2 sales numbers on Tuesday.
Report: BYD Q2 electric car sales hit a record high, expected to surpass Tesla and return to the global No.1.
According to media data, in the second quarter of this year, BYD sold nearly one million pure electric and hybrid vehicles, setting a new historical record. In contrast, Tesla's electric car sales were 441,000, a year-on-year decrease of 5.4%, marking Tesla's second consecutive quarter of sales decline.
Worsened lithium prices? Annual production capacity increased by 79%, with four mines in Argentina jointly contributing, including Zijin Mining and Ganfeng Lithium.
Four new lithium mining projects in Argentina will be put into production in the coming weeks to months, which will nearly double Argentina's lithium production capacity. Although the new capacity will not be put into use immediately, the increased certainty of future supply will undoubtedly further increase the downward pressure on lithium prices.
Nomura BYD in-depth report: Hybrid will be the next breakthrough, and this year's 'going global' revenue ratio will exceed 20%.
Nomura has released a deep report on BYD Company Limited, forecasting that hybrid cars will surpass pure electric cars as the main driver of growth, with a target price raised to 312 yuan, and overseas market revenue expected to account for more than 20%.
Sustainability Column: How is the Chinese market for geothermal power generation, which Buffett is interested in?
The electric energy hidden underground is becoming a clean resource mine in the eyes of technology giants and conglomerates.