动力电池行业周报：中方已将欧盟电动汽车反补贴初裁措施诉至世贸组织

Investment Rating - The report maintains a "Recommended" investment rating for the industry [3] Core Insights - The overall industry outlook remains positive, with a focus on the upward trend in upstream raw material prices, monthly sales, and the implementation of industry regulations [2][3] - The Chinese government has filed a complaint with the WTO regarding the EU's anti-subsidy measures on electric vehicles, which could impact fair competition in the global electric vehicle market [2][42] Industry Data Summary Upstream Materials - The average price of industrial-grade lithium carbonate is 70,000 CNY/ton, up 0.72% from last week, while battery-grade lithium carbonate is at 73,000 CNY/ton, up 0.69% [8][9] - The price of lithium hydroxide is stable, with battery-grade prices ranging from 65,500 to 70,500 CNY/ton [13][14] - The market for negative electrode materials remains stable, with a reference price of 32,378 CNY/ton [21][22] Downstream Demand - In September 2024, the production and sales of new energy vehicles reached 1.307 million and 1.287 million units, respectively, marking year-on-year increases of 48.8% and 42.3% [2][41] - Cumulative sales of new energy vehicles from January to September 2024 reached 8.316 million units, a year-on-year growth of 31.7% [2][41] Market Dynamics - The report highlights the stable pricing of various battery materials, including ternary materials and electrolytes, with no significant fluctuations noted [17][28] - The production of lithium-ion battery cells is on the rise, with a total output of 734.4 GWh from January to September 2024, reflecting a year-on-year increase of 37.3% [39][40]