In 2021, “fire” became the key word of lithium battery industry. There is a fire in the lower reaches of the industry, and various forces are busy building cars. The fierce competition is triggering a new round of production capacity and market competition; The shortage of middle and upper reaches of fire and cathode materials in varying degrees led to the rise of prices; The secondary market is hot, “sticking ‘lithium’ will rise”, and the legend of “making wealth myth” and “leek” spread in the stock market. The new energy wave has arrived. Zhonghua.com finance and economics takes you to review the top ten lithium battery industry events in 2021.
1. CME Chicago Mercantile Exchange and LME London Metal Exchange launched lithium hydroxide futures contract
On May 3, CME launched its first lithium futures contract on the Chicago futures exchange. The transaction price of the first order was US $14.25/kg, a slight premium over the spot price. According to the previous public statement of Zhishang exchange, the subject of this futures contract is lithium hydroxide delivered to China, South Korea and Japan.
The London Metal Exchange officially launched the lithium futures contract on July 19. The contract uses the lithium hydroxide price published by fastmarkets for cash settlement.
2。 Five month long battle for overseas lithium mines
In July this year, Ganfeng Lithium Co.Ltd(002460) launched a tender offer for Millennium lithium in July this year. At the end of September, Contemporary Amperex Technology Co.Limited(300750) increased its quotation from about US $280 million of Ganfeng Lithium Co.Ltd(002460) to about US $299 million, and Contemporary Amperex Technology Co.Limited(300750) should also pay US $10 million liquidated damages to Ganfeng Lithium Co.Ltd(002460) .
In mid November, lithium America Corp issued an announcement agreeing to acquire Millennium lithium of Canada at a price of US $400 million and agreed to pay US $20 million in liquidated damages to Contemporary Amperex Technology Co.Limited(300750) . This price is about 34% higher than the previous offer of Contemporary Amperex Technology Co.Limited(300750) about 299 million US dollars, and nearly 43% higher than the earlier offer of Ganfeng Lithium Co.Ltd(002460) .
According to the Ganfeng Lithium Co.Ltd(002460) semi annual report, the company indirectly holds 12.51% of the equity of American lithium industry, and it also dispatched a director to American lithium industry, which has a significant impact on the operation of the latter.
3。 Contemporary Amperex Technology Co.Limited(300750) Sue AVIC lithium battery patent infringement
On July 21, it was reported that Contemporary Amperex Technology Co.Limited(300750) had formally sued AVIC lithium battery for patent infringement, saying that AVIC lithium battery was suspected of infringement covering all its products. In response to an interview with the reporter of Shanghai Securities News, the relevant person in charge of Contemporary Amperex Technology Co.Limited(300750) made it clear that Contemporary Amperex Technology Co.Limited(300750) has submitted an indictment on the patent infringement case of AVIC lithium battery, and the case has been accepted.
On the afternoon of August 2, AVIC lithium issued a statement that the company received two civil indictments (min 01 min Chu No. 1995 and 1996) about Contemporary Amperex Technology Co.Limited(300750) suing the company served by Fuzhou intermediate people’s Court on the same day. At the same time, it claims that the company has submitted the above two patent invalidation requests to the State Intellectual Property Office on the same day.
4。 National Development and Reform Commission and national energy administration promote energy storage development
On July 23, the national development and Reform Commission and the National Energy Administration officially issued the guiding opinions on accelerating the development of new energy storage. It is clear that the new energy storage will change from the initial stage of commercialization to large-scale development in 2025, with a cumulative installed capacity of more than 30GW, and achieve comprehensive market-oriented development in 2030.
5。 Contemporary Amperex Technology Co.Limited(300750) announced the launch of “sodium ion battery”
On July 29, Contemporary Amperex Technology Co.Limited(300750) chairman Zeng Yuqun released the first generation of Contemporary Amperex Technology Co.Limited(300750) sodium ion battery. At the same time, the lithium sodium hybrid battery pack also made its debut at the press conference. Official information shows that the energy density of the first generation sodium ion battery cell developed by Contemporary Amperex Technology Co.Limited(300750) can reach 160wh / kg; With fast charging capacity, 80% of the power can be filled in 15 minutes at room temperature.
6。 Qinghai Salt Lake Industry Co.Ltd(000792) returned to the A-share market with a high profile, with an increase of 388.1% on the first day
On August 10, Qinghai Salt Lake Industry Co.Ltd(000792) resumed trading on the first day, the share price rose by leaps and bounds, from 8.84 yuan / share at the time of closing to 43.9 yuan / share (the highest point of the day), with an increase of 388.1%. As of the closing, the total market value rose from 48 billion yuan to 1950 billion yuan, up 140 billion yuan in one day.
According to the plan after bankruptcy reorganization, Qinghai Salt Lake Industry Co.Ltd(000792) after re listing, the company’s business will focus on potassium fertilizer (potassium chloride) and lithium carbonate.
According to the 2020 annual report, during the reporting period, Qinghai Salt Lake Industry Co.Ltd(000792) 2020 lithium carbonate production reached 13000 tons. In 2021, 20000 tons of battery grade lithium carbonate business has been put into operation (with a progress of 85%). According to this calculation, by the end of 2021, Qinghai Salt Lake Industry Co.Ltd(000792) lithium carbonate production capacity reached 30000 tons.
7。 Contemporary Amperex Technology Co.Limited(300750) ‘s “sky high price fixed increase”
On August 12, Contemporary Amperex Technology Co.Limited(300750) threw out a fixed growth plan of 58.2 billion yuan, and the single financing scale exceeded more than 90% of the market value of A-share listed companies. Shenzhen Stock Exchange issued a letter of concern to Contemporary Amperex Technology Co.Limited(300750) asking about the necessity and rationality of financing scale.
On the evening of November 15, Contemporary Amperex Technology Co.Limited(300750) adjusted the previous fixed increase plan, and the total fund-raising was adjusted from no more than 58.2 billion yuan to no more than 45 billion yuan, a decrease of nearly 23%.
Specifically, the fund-raising purpose cancelled the fund-raising amount of 3.1 billion yuan and the supplementary working capital of 9.3 billion yuan of Contemporary Amperex Technology Co.Limited(300750) Huxi lithium ion battery expansion project (phase II). Meanwhile, the raised funds of the Jiaocheng times lithium ion power battery production base project (cheliwan project) in Ningde decreased from 5.4 billion yuan to 4.6 billion yuan.
8。 Lithium carbonate of 200000 yuan per ton: the “sky high price” of 8000 tons of lithium ore
On September 14, Pilbara, the main lithium mine in Australia, held the second lithium concentrate auction on BMX electronic trading platform. The grade of lithium concentrate auctioned by Pilbara is 5.2% – 5.5%, and the auction quantity is 8000 tons, which will be shipped out of the port in November. According to the announcement on Pilbara’s official website, the final FOB price of lithium concentrate was US $2240 / ton (about RMB 14400 / ton), a record high.
If the freight is included, the CIF China price of this lithium concentrate is US $2500 / ton (about RMB 16100 / ton), an increase of 90% compared with the CIF China price of the previous lithium concentrate of US $1315 / ton (about RMB 8473 / ton).
9。 Mercedes Benz announces use of lithium iron phosphate battery
On October 27, Ola kallenius, CEO of Daimler group, said that Mercedes Benz, its luxury car department, would switch to lithium iron phosphate batteries. Mercedes Benz will use lithium iron phosphate batteries in the next generation models (such as EQA and EQB) from 2024 and 2025. At present, Mercedes Benz EQ series has released three models, namely EQA, EQB and Eqs EQA can be regarded as the electric version of GLA, and the overall shape is similar to the fuel version; Mercedes Benz EQB is positioned as a compact SUV. The overall shape continues the Mercedes Benz GLB model, but adopts the design language of Mercedes Benz EQ family. Mercedes Benz EQS is the first model built on the new EVA platform and the flagship model of Mercedes Benz EQ family. Thus, Mercedes Benz chose to use cheaper lithium iron phosphate batteries in its entry-level models.
10。 Byd Company Limited(002594) special battery project has been officially put into operation
Xi’an Byd Company Limited(002594) 20gwh special blade battery project, which started construction in April this year, was officially put into operation in December.
Xi’an Byd Company Limited(002594) 20gwh special blade battery project will build 5 new plants, covering an area of about 200 mu, and 6 technical transformation plants, covering an area of about 500 mu. It will produce lithium iron phosphate battery cells and other products for Byd Company Limited(002594) DM-I super hybrid models. Blade battery is a new product released in March Byd Company Limited(002594) 2020. It adopts lithium iron phosphate technology, greatly improves the volume utilization rate through structural innovation, and finally achieves the design goal of loading more cells in the same space. It is understood that in November, Xi’an Byd Company Limited(002594) produced 55000 vehicles, of which 47000 new energy vehicles used 20gwh blade batteries. The total investment of Xi’an Byd Company Limited(002594) 20gwh special blade battery project is 12 billion yuan. After the project is completed, the annual output value is expected to be 22 billion yuan and 5000 new jobs will be created.
(zhonghua.com Finance)
