动力电池行业周报：2024年1-10月全球动力电池TOP10数据出炉，中日韩企业增长差距明显

Investment Rating - The report maintains a "Recommended" investment rating for the industry [4] 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] - The global demand for power batteries is increasing, with a total usage of nearly 700GWh in the first ten months of 2024, representing a year-on-year growth of 25% [2][70] - Chinese companies dominate the global power battery market, with six out of the top ten companies showing growth rates above the average of 23.4% [2][70] Summary by Sections Upstream Materials - The average price of industrial-grade lithium carbonate is 73,900 yuan/ton, down 1.34% from the previous week, while battery-grade lithium carbonate averages 76,800 yuan/ton, down 1.29% [15][16] - The price of lithium hydroxide remains stable, with battery-grade prices ranging from 67,000 to 71,000 yuan/ton [22] - The market for negative electrode materials is stable, with a reference price of 32,378 yuan/ton [37] Midstream Materials - The price of ternary materials is stable, with 523 single crystal materials priced at 107,100 yuan/ton and 622 polycrystalline materials at 106,700 yuan/ton [28] - The market for electrolyte remains stable, with phosphate lithium electrolyte averaging 19,100 yuan/ton [47] Downstream Cells - In October 2024, the production of power and other batteries reached 113.1GWh, a month-on-month increase of 1.6% and a year-on-year increase of 45.5% [63] - The sales of power batteries in October 2024 were 79.1GWh, accounting for 71.7% of total sales, with a year-on-year growth of 30.6% [64] - The market share of new energy vehicles reached 46.8% in October 2024, with production and sales of 146.3 million units, reflecting a year-on-year growth of 48% and 49.6% respectively [66]