CATL(SZ:300750) 起点锂电·2025-12-10 10:19Core Viewpoint - The lithium battery industry is experiencing a price increase due to strong demand in the energy storage market and supply constraints, leading to a tightening supply-demand balance and a trend of rising prices [4][5]. Group 1: Price Increases in Battery Companies - Fulin Technology has initiated price increases for some products, citing rising raw material costs and expanding market demand as key factors [6][7]. - Dejia Energy announced a 15% price increase for its battery products effective December 16, 2025, due to significant increases in raw material costs [9][10]. - The price adjustments by these companies reflect a collective demand within the battery industry, likely prompting more companies to follow suit [12]. Group 2: Factors Driving Price Increases - The primary drivers of battery price increases are market demand surges and supply shortages, with global lithium battery shipments expected to reach 1,922.2 GWh in 2025, up from 1,400 GWh in the first nine months of 2025 [15][16]. - The energy storage sector has seen a 90.7% year-on-year increase in battery shipments, with major companies like CATL and EVE securing nearly 500 GWh in orders this year [18]. - Rising raw material costs have also pressured profit margins, with lithium carbonate prices increasing over 66% from June to November 2025, and hexafluorophosphate lithium prices rising over 48% in the same period [19][20].