动力电池行业周报：多家上市车企发布月度成绩单，新能源汽车销量11月增势喜人

Investment Rating - The report maintains a "Recommended" investment rating for the industry [4] Core Insights - The overall industry sentiment remains positive, with a focus on the upward trend in the upstream raw material prices, monthly sales, and the implementation of industry regulations [2][3] - The domestic and international development prospects for the new energy vehicle industry are deemed certain, making the sector worthy of attention [2] Summary by Sections 1. Industry Weekly Data Tracking 1.1 Upstream Materials - The average price of industrial-grade lithium carbonate is 74,900 CNY/ton, down 5.73% from the previous week, while battery-grade lithium carbonate averages 77,875 CNY/ton, down 4.94% [57][58] - The market price for single crystal ternary materials (523) is 107,100 CNY/ton, and for multi-crystal materials (622) is 106,700 CNY/ton, both showing a downward trend [71] - The average price for negative electrode materials remains stable at 33,000 CNY/ton, with sufficient market supply [80] - Electrolyte prices are stable, with phosphate lithium electrolyte averaging 18,600 CNY/ton, showing a slight increase [89] 1.2 Midstream Materials - Ternary material prices are declining, with the average price for high-nickel 811 multi-crystal materials at 142,500 CNY/ton [71] - The negative electrode material market shows stable prices, with a reference price of 32,378 CNY/ton [80] - Electrolyte production has slightly increased, with a total output of 33,570 tons, reflecting a 1.27% increase [92] 1.3 Downstream Battery Cells - The average price for square power cells (ternary) is 0.46 CNY/Wh, while phosphate lithium cells are at 0.37 CNY/Wh, both remaining stable [104] - In October 2024, the total production of power and other batteries reached 113.1 GWh, marking a 1.6% increase month-on-month and a 45.5% increase year-on-year [106] 2. Recent Events - Several listed automakers reported strong sales for November, with BYD's sales exceeding 500,000 units, reflecting a year-on-year growth of 67.92% [112] - CATL launched a new series of heavy-duty commercial vehicle batteries, achieving breakthroughs in various performance metrics [114]