Year-on-year loss reversal, Tianqi Lithium Corporation is expected to lose over 7 billion in 2024 and plans to terminate the construction of the second phase lithium hydroxide project in Australia | Interpretations

① Tianqi Lithium Corporation expects a net loss of 7.1 billion yuan to -8.2 billion yuan in 2024, compared to a profit of 7.297 billion yuan in the same period last year; ② The company states that the reasons for the performance change are mainly the decline in lithium product prices and mismatch in pricing mechanisms, a drop in performance from the important associate company SQM, as well as an increase in asset impairment losses and foreign exchange losses; ③ The company plans to terminate the investment in the second phase of the lithium hydroxide project in Australia.

cls.cnJan 23 10:57 ET

The direction has been set! Local "two sessions" are hotly discussing new energy vehicles and the low-altitude economy. The entire Industry Chain is pressing the "accelerator button" to improve quality and efficiency.

According to preliminary statistics from the Financial Associated Press, over half of the provinces in the 2025 government work reports across 31 provinces clearly mentioned the New energy Fund industry; nearly 10 provinces referred to the low-altitude economy. Seven provinces have set targets for the production volume, output value, and construction of Charging Stations for New energy Fund vehicles.

cls.cnJan 21 22:30 ET

Subsidy details for "trade-in for new" are being introduced in multiple regions. Institutions: leading car companies may further increase market concentration.

On January 20, Henan, Heilongjiang, Shaanxi, and Guangxi provinces announced the comprehensive launch of the "trade-in" subsidy activities. According to incomplete statistics from reporters, as of January 20, more than 20 provinces, including Guangdong, Anhui, SiChuan, Jiangxi, and Hainan, have introduced subsidy details for the "trade-in" program for consumer goods in 2025 or related policies that span multiple years.

cls.cnJan 21 01:49 ET

Cui Dongshu: The domestic sales of Lithium Battery in December 2024 were 75.4Wh, an increase of 57% year-on-year.

In the past two years, the Electric Vehicles and Energy Industry have been very prosperous, leading to a rapid increase in demand for Batteries, while the installation ratio of Batteries for Electric Vehicles has decreased.

Zhitong FinanceJan 18 02:06 ET

Financial Association Autos Morning News 【January 17】

①China Automobile Association, China Association of Machinery Industry: Firmly oppose the Biden administration's rules banning the use of China's Asia Vets-connected autos Hardware; ②Hubei's production of new energy vehicles in 2024 will exceed 0.5 million units, a year-on-year increase of 33%; ③Guangzhou Automobile Group's integrated reform is further advancing, multiple departments have started recruitment for cadres.

cls.cnJan 16 19:39 ET

Grab partners BYD to expand electric vehicle fleet offering across South-east Asia

businesstimesJan 15 20:04 ET