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CATL Invests In Lithium Resources

Author: Source: Datetime: 2018-03-12 12:33:26
In the Ningde era, it plans to invest 50 million Canadian dollars (about 245 million yuan) to increase capital in North America's lithium industry to lay out upstream lithium resources. Tesla had previously invested in lithium ore, followed by Apple’s purchase of cobalt, and lithium-related companies had increased their investment in upstream raw materials. According to data from the Standard & Poor's Global Index, 136 companies were incorporated into lithium exploration in 2017. The $157 million budget is twice as high as in 2016. The battle for resources for battery materials is in full swing.

Some time ago, the State Ministry of Finance announced the "Circular on Adjusting and Perfecting the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles," and clarified that new energy vehicles with high cruising range and high energy density are the encouragement of future policy subsidies. The ternary battery is longer than the lithium iron phosphate battery life mileage, higher energy density, more in line with national policy subsidy standards.
CATL Invests In Lithium Resources
On the other hand, according to industry data, the proportion of passenger car ternary lithium batteries in 2017 reached about 70%, which is higher than the 52% in 2016. Under the dual drive of policies and markets, the development of solar power batteries in the direction of Sanyuan Lithium has become a clear trend. Based on this, the mainstream manufacturers of lithium iron phosphate, BYD, Ningde, Guoxuan Hi-Tech, and Waterma have all turned to production. Three yuan battery.

The buoyancy of the ternary battery directly stimulated the soaring price of cobalt lithium in the upper reaches. Due to the tight supply of cobalt at home and abroad, cobalt prices remained high when cobalt was thin. Data show that this year's average price of cobalt rose by 64% from last March. Cobalt-related companies also made full profits. Hanrui Cobalt's net profit increased by 575.04% compared with the same period of last year. Huayou Cobalt Co., Ltd. was even more crazy. According to the company's performance announcement, net profit will be compared with the same period of last year. Increased 2,283.10% to 2,644.18%.

The fluctuation of lithium raw material prices will bring considerable uncertainties to lithium-powered vehicle manufacturers. In order to ensure adequate supply of raw materials is not limited to food shortages, they are caught in a passive situation, invest in upstream raw materials, or sign long-term agreements with them to become lithium-ion electric vehicles. Business choice.
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