The Zhitong Finance App learned that the lithium battery concept is rising collectively. As of press release, Hongqiao Group (08137) rose 4.82% to HK$0.87; Ganfeng Lithium (01772) rose 4.39% to HK$49.9; BYD shares (01211) rose 4.26% to HK$210.6; Tianqi Lithium (09696) rose 2.93% to HK$54.5.
According to the news, Kirin batteries from the Ningde era have already been mass-produced. Under the same chemical system and the same battery pack size, the battery capacity of the Kirin battery pack can be increased by 13% compared to the 4680 large cylindrical battery system.
Furthermore, according to data released by the Shanghai Steel Federation on the 21st, the price of battery-grade lithium carbonate dropped by 12,500 yuan/ton, to an average price of 300,000 yuan/ton; the price of industrial grade lithium carbonate fell 12,500 yuan/ton, with an average price of 260,000 yuan/ton. Industry insiders said that at present, the industry is still selling lithium carbonate at an accelerated pace. Battery manufacturers' gross margins are expected to pick up.