Latest Update in the China Ternary Precursor and Material Market

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on July 23, 2021

The lithium battery industry is booming in 2021. The new energy industry is rising rapidly under the background of stimulus policies and the global electrification trend, driving the entire industry chain into a stage of vigorous development.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on July 22, 2021

There was news on July 21 that Contemporary Amperex Technology (CATL) has formally sued China Lithium Battery Technology (CALB) for patent infringement of lithium battery. The source said that the alleged infringement covers all products of CATL.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on July 21, 2021

Fulin Precision announced that its subsidiary, Jiangxi Shenghua, plans to invest in the construction of a 250,000-mt lithium iron phosphate cathode material project with an estimated total investment of 4 billion yuan.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on July 20, 2021

Recently, Tesla has officially released Standard Range Model Y, whose price has fallen to 276,000 yuan. The latest Model Y is different from the previous two Model Y models mainly in motive power and battery system as it has cancelled the front induction asynchronous motor and is driven only by the rear wheels.