CATL(SZ:300750) 鑫椤锂电·2025-08-01 07:58Industry Highlights - LG Energy Solution signed a significant contract for LFP battery supply worth 5.9442 trillion KRW (approximately 30.9 billion CNY), effective from August 1, 2024, representing 23.2% of its projected annual sales for 2024 [1] - BASF and CATL have entered a framework agreement to develop and supply battery cathode active materials globally, with BASF being designated as an important supplier [2] - LG Energy Solution and Yahua Group are collaborating to build a lithium refining plant in Morocco with an investment of 5.5 billion MAD [3] Market Conditions - Lithium carbonate prices have shown significant volatility, with battery-grade prices ranging from 71,000 to 73,000 CNY per ton as of July 31 [6] - The price of ternary materials has slightly increased, with 5-series single crystal materials priced between 123,000 and 129,000 CNY per ton [8] - Phosphate iron lithium prices remain stable, with power-type prices at 32,100 to 33,200 CNY per ton [9] - The market for negative electrode materials is performing well, with high-end natural graphite products priced between 50,000 and 65,000 CNY per ton [10] - The separator market is stable, with major manufacturers operating at over 80% capacity [11] - Electrolyte prices are stable, with lithium hexafluorophosphate electrolyte priced between 49,000 and 51,500 CNY per ton [13] Battery and Vehicle Demand - The domestic battery market remains stable, with energy storage batteries performing well, while demand for power batteries is relatively flat [14] - Weekly sales of passenger vehicles reached 440,000 units, with new energy vehicle sales at 236,000 units, reflecting a year-on-year increase of 10.72% [15] - The global energy storage market size is projected to increase from 500 GWh to 550 GWh this year, driven by strong demand in regions like Inner Mongolia and Xinjiang [16]