In the future, as the costs of raw materials in the lithium battery industry chain continue to decline, and with policy support combined with steadily increasing terminal demand, it is expected that the sales of electric vehicles will continue to grow, leading to a gradual increase in demand in the lithium battery industry chain.
According to Zhizhong Finance APP, haitong sec released a research report stating that the average price of lithium carbonate has slightly decreased, and various companies' new battery products are about to be launched. In the future, as the costs of raw materials in the lithium battery industry chain continue to decline, and with policy support combined with steadily increasing terminal demand, it is expected that the sales of electric vehicles will continue to grow, leading to a gradual increase in demand in the lithium battery industry chain. Bullish on new technology-related companies such as sodium batteries, Kirin batteries, and lithium iron manganese phosphate, as well as fast-charging technology companies.
The main points of Haitong Securities are as follows:
Hive Energy has launched a 59-degree high-capacity hybrid battery.
According to the official WeChat account of Hive Energy, on December 3, the Tank 500 Hi4-Z officially began pre-sale. The Tank 500 Hi4-Z is equipped with a high-capacity hybrid battery customized exclusively by Hive Energy, with a battery pack capacity of up to 59.05 KWh, a peak charging rate of over 3C, and only 15 minutes charging time from 30% to 80%. It also has excellent low-temperature performance, requiring only 27 minutes for fast charging at -10℃.
In terms of thermal runaway management, the battery pack of the Tank 500 Hi4-Z uses a new type of aviation-grade aerogel separator between cells, controlling thermal runaway at room temperature within 2 cells; copper/aluminum busbars are wrapped with high-temperature resistant materials, preventing melting at 1000℃, thus minimizing the risk of short circuits; the upper casing is made of high-temperature resistant composite materials paired with heat-insulating and fireproof materials, ensuring that the entire pack will not catch fire for 24 hours.
Contemporary Amperex Technology will supply large cylindrical batteries starting in 2026.
According to Weike's lithium battery public account, on December 5, contemporary amperex technology announced at the "2024 BMW China Sustainable Development Supplier Day" that starting in 2026, it will gradually supply cylindrical batteries for BMW's "new generation" architecture of pure electric models in europe and china. According to the previous agreement, contemporary amperex technology will produce a new type of cylindrical battery with a standard diameter of 46mm at two battery factories in china and europe, with an annual production capacity of 20GWh for each factory.
BYD has launched new batteries for construction machinery.
According to Gaogong Lithium Battery's public account, BYD's subsidiary Fudi Battery has launched three new blade batteries in the construction machinery field, namely the CTB integrated version battery, the ultra hybrid version battery, and the fast charging version battery, all providing a 6-year/0.032 million hours warranty, capable of operating normally under extreme conditions, such as -40℃ to 65℃ and at an altitude of 5500m.
Among them, the world's first CTB construction machinery battery has a single package energy capacity of 97.7kWh, with an energy density of 320Wh/L; it meets six times the old national standard vibration requirements. The ultra hybrid version battery corresponds to a single package energy capacity of 17.3kWh, an energy density of 120Wh/kg, and 4C fast charging. The fast charging version battery corresponds to a single package energy capacity of 37.7kWh, an energy density of 160Wh/kg, compatible with high voltages below 1500V, supporting full temperature range 2C fast charging and the fastest 15-minute recharge to 80% SOC, with a cycle life of over 7000 times.
The average price of lithium carbonate has slightly dropped.
According to Xinluo Lithium Battery's official website, on December 6, 2024, the price of battery-grade lithium carbonate is 0.0772-0.0792 million yuan/ton, and the price of industrial-grade lithium carbonate (salt lake) is 0.0727-0.0742 million yuan/ton. The previous week (November 29, 2024), the battery-grade lithium carbonate price was 0.0775-0.0795 million yuan/ton, and the industrial-grade lithium carbonate (salt lake) price was 0.073-0.0745 million yuan/ton, indicating a slight drop in the average price of lithium carbonate.
Risk warning: The downstream of electric vehicles is not meeting expectations, and the pace of new technology development is not up to expectations.
