锂电巨头开启“抢货潮” 从“产能竞赛”转向“供应链协同”

Core Viewpoint - The lithium battery supply chain is experiencing a shift from a focus on capacity expansion to ensuring supply chain security, with long-term cooperation agreements becoming a consensus for collaborative development in the industry [1][4]. Group 1: Market Dynamics - The lithium battery industry is witnessing a "rush for orders" as demand for new energy vehicles and energy storage continues to rise, leading to a significant increase in orders for upstream materials [2][4]. - Xiamen Tungsten New Energy Materials Co., Ltd. reported a 36.29% year-on-year increase in sales of its battery cathode materials, reaching 53,000 tons in the first three quarters of 2025 [2]. Group 2: Strategic Partnerships - Recent strategic cooperation agreements include a three-year framework between Xiamen Tungsten and Greeenmei, which involves the supply of various battery raw materials totaling 450,000 tons [2]. - CATL signed a ten-year comprehensive strategic cooperation agreement with Guangzhou Automobile Group, and a similar agreement with Haibo Sichuang for the procurement of no less than 200 GWh of energy storage cells over the next three years [4]. Group 3: Price Trends - The price of battery-grade lithium carbonate has shown an upward trend, with a reported increase of 5.61% from 80,200 CNY/ton to 84,700 CNY/ton in early November [2]. Group 4: Industry Collaboration - The industry is moving towards a long-term cooperation model that locks in supply-demand relationships and shares resource networks, which helps stabilize capacity utilization rates for upstream companies [4]. - The shift in the industry is characterized by long-term agreements that reflect the collaborative division of labor and cooperation between upstream and downstream enterprises [4].