Tibet Everest (600338.SH): Active communication with Hongqiao Group
On December 1, Gelonghui, Tibet Everest (600338.SH) said at the performance briefing that the company is currently actively communicating with Hongqiao Group and communicating with investors interested in the company's lithium platform company. If there are any milestones, the company will make a timely announcement.
CITIC Securities: Lithium prices are expected to fall below 100,000 yuan/ton in 2024. Focus on industry mergers and acquisitions integration trends
The Zhitong Finance app learned that CITIC Securities released a research report saying that in the third quarter of 2023, the continued decline in lithium prices triggered South American salt lake lithium companies to lower their operating guidelines.
Business Society: Lithium carbonate futures continue to hit record lows, spot prices follow the decline
It is expected that the short-term lithium carbonate spot price will remain weak and fall.
Huaxi Securities: Increased high-quality supply and new technology application as the main theme, new energy vehicles are expected to enter the stage of accelerated penetration
Huaxi Securities released a research report saying that with the increase in high-quality supply and application of new technology as the main themes, new energy vehicles are expected to enter an accelerated penetration stage with the continuous introduction of new models in the future and the increase in cost performance brought about by the introduction of new batteries, materials, etc.
HONBRIDGE: THIRD QUARTERLY REPORT 2023
CITIC Construction Investment: 2024Q1 will enter the most oversupply stage, and the lithium battery industry is expected to reach an inflection point
Since 2024Q1 terminal demand is expected to drop by 20%-30% month-on-month, it is expected that all links will enter the stage of maximum oversupply at that time, corresponding to the lowest utilization rate and the bottom of unit profit.
HONBRIDGE: THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2023
Slowing EV Demand Isn't Just Hurting Automakers Like GM and Tesla
Stalling demand for electric vehicles isn't just hitting the automakers that sell them. It's also impacting companies along the supply chain including producers of lithium, the component used to make EV batteries.
In the third quarter, China's lithium concentrate imports were about 1,0661,000 tons
According to customs statistics, from July to September 2023, China's lithium concentrate imports were about 1,0661,000 tons, mainly from Australia, Brazil, Zimbabwe and other countries.
A subsidiary of Hongqiao Group (08137) plans to sell all of the shares of Jidi (China) Energy and Hangzhou Jidi Industrial to Zhejiang Remote Intelligence for 20 million yuan
Hongqiao Group (08137) announced that on September 22, 2023 (after the trading session), the company's direct non-...
Minmetals Securities: This round of the lithium industry's downward cycle may have experienced many relay shocks and repeated bottoms
The Zhitong Finance App learned that Minmetals Securities released a research report saying that during the rebalancing phase, this round of the lithium industry's downward cycle may have experienced many relay shocks and repeated bottoming out.
CICC: The wave of power battery retirement has reached the beginning of a long boom cycle
CICC released a research report saying that the wave of power battery retirement has arrived, and the industry is at the starting point of a long boom cycle. It is estimated that by 2027, the global lithium battery recycling market will reach 164.4 billion yuan. Currently, the ESG attributes of lithium battery recycling are becoming more and more prominent, industry standardization is developing at an accelerated pace, and attention is being paid to lithium battery recycling companies with channel advantages.
Lithium Battery Makers Expand Abroad
Chinese lithium battery makers are expanding their global footprint as markets overseas have become new drivers of revenue growth amid a slowdown in the growth of new energy vehicle or NEV sales, experts said.
Lithium Miners, NEV Makers Forge Win-win Tie-ups
Upstream lithium suppliers in China are seeking closer partnerships with downstream new energy vehicle or NEV manufacturers amid market fluctuations.
Huatai Securities: In the first half of the year, profits from inventory removal in the lithium battery industry were generally under pressure, and profits from large domestic reserves increased with great flexibility
Huatai Securities released a research report saying that revenue from the power equipment and new energy sector continued to grow rapidly in 1H23, +22% year-on-year, and profits moved from upstream to downstream. The lithium battery industry chain is affected by inventory removal and increased competition, and profits are generally under pressure.
Lithium-Ion Battery Market Size To Reach USD 189.4 Billion By 2032, Growing At A CAGR of 15.2% | Valuates Reports
The global lithium-ion battery market size was valued at USD 46.2 billion in 2022, and the lithium-ion battery industry is projected to reach USD 189.4 billion by 2032, growing at a CAGR of 15.2% from 2023 to 2032.
China Battery Firms Lead Mkt
Chinese companies continued to dominate the global power battery market in the first seven months, responsible for over three-fifths of battery installations worldwide, said a report by South Korean market consultancy SNE Research on Wednesday.
HONBRIDGE: SUPPLEMENTAL ANNOUNCEMENT TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
Hongqiao Group (08137) has basically completed the business and financial due diligence review of Everest Hong Kong and its subsidiaries
Hongqiao Group (08137) issued an announcement relating to Tibet Everest Resources Co., Ltd. (Tibet Everest) (600...
CITIC Securities: PE valuations in various sectors of the lithium battery industry are in a historically low quartile range, focusing on leading companies
CITIC Securities released a research report indicating that currently PE valuations in various sectors of the lithium battery industry are in a historically low quartile range, and the configuration is relatively cost-effective.