Graphite concept stocks rose again. Among them, new materials for olenite trains continued to rise 46% in early trading today after surging 78% yesterday. As of press release, Olefite Electric Vehicle New Materials (06128) rose 14.93% to HK$0.23.
The Zhitong Finance App learned that graphite concept stocks have risen again. Among them, new materials for olenite trains continued to rise 46% in early trading today after surging 78% yesterday. As of press release, Olefite Electric Vehicle New Materials (06128) rose 14.93% to HK$0.23; China Graphite (02237) rose 3.23% to HK$0.64.
According to media reports, the US Treasury Department said on May 3, local time, that it will release more “flexibility” in the policy for automobile manufacturers to obtain tax credits for electric vehicles, which means that South Korean electric vehicle manufacturers that use Chinese graphite to make batteries can also receive a tax credit of up to 7,500 US dollars when entering the US market.
However, industry insiders believe that the news is beneficial to the industry, but its impact is limited. The Western Securities Research Report also pointed out that negative electrode deregulation is nominally difficult to trace upstream; in essence, it is difficult to expand production in the US. Producing 1 ton of anodes requires more than 10,000 degrees of electricity. The single anode process consumes huge amounts of electricity, and the graphitization process involves various issues such as energy evaluation, environmental protection, employee safety and health, etc., and is extremely difficult to develop. Currently, there are still very few well-known anode projects in the US.