锂电产业链

Group 1 - Domestic mainstream car manufacturers sold 1.26 million units in October, with a month-on-month increase of 16% and a year-on-year increase of 9%. The annual growth is expected to be 30%, with a projected growth of over 15% in 2026 [1] - In Europe, nine countries reported a total of 263,000 vehicle sales in October, showing a month-on-month increase of 39% but a year-on-year decrease of 16%. Cumulative growth is at 30%, with an expected annual growth of 30-35% [1] - The demand for energy storage has exceeded expectations, leading to a battery supply shortage. October production has increased by 10%, and a slight increase in production is expected in November, indicating sustained high demand [1] Group 2 - Energy storage prices have risen by 1-3 cents per watt-hour, with further price increases anticipated in Q4 [1] - The price of 6F materials has significantly exceeded expectations, and the price of iron lithium has confirmed an upward trend. Other materials are expected to follow suit with price increases in 2026 [1] - The reduction of tariffs between China and the U.S. and the postponement of lithium battery regulations have contributed to strong price increase demands from second-tier manufacturers, with expectations for 6F spot prices to reach 150,000 yuan by the end of the year [1]