"廉价版 Model Y"，真的要来了。 海外博主 @TeslaNewswire 透露，在 2025.32.6 软件更新中，特斯拉泄露了"廉价版 Model Y"的更多消息，玻璃车顶、轮胎压力检测系统 TPMS、电动折叠 后视镜、倒车影像摄像头加热功能、可调悬架、后排控制屏等都将取消，而且轮辋、音响系统、座椅功能、车内用料、灯光系统都有所简化。 截图：X @TeslaNewswire "廉价版 Model Y"不是什么秘密，毕竟马斯克早在 2018 年 8 月份表示会推出一款售价为 2.5 万美元的车型，在去年的第三季度财报会议等多次公开场合确 认，更便宜的特斯拉车型已在路上。 现款特斯拉 Model Y 无论在国内市场还是全球市场，均保持着高销量表现，只是其配置水平早已被不少消费者调侃带有 "毛坯房" 属性。而如今，特斯拉传 出将进一步削减多项配置，计划推出一款配置更精简的 "真・'毛坯房'版"Model Y——面对这样一款配置持续 "缩水" 的特斯拉车型，国内消费者真的还会买 账吗？ 要判断这一问题，核心在于明确这款 "廉价版 Model Y" 的具体产品力与定价区间，再将其置于国内新能源汽车市场进行横向 ...

供需缺乏明显矛盾，碳酸锂后市仍需关注锂矿进展 一、日度市场总结 碳酸锂期货市场数据变动分析 主力合约与基差：9月22日碳酸锂主力合约价格收73420元/吨，小幅回落 540元/吨，下跌0.73%。基差报-120元/吨，较9月19日走强540元/吨。 持仓与成交：主力合约持仓量为271624手，较9月19日减少9640手；主力合 约成交量为396645手，较9月19日扩大26286手，变化率为7.1%。 产业链供需及库存变化分析 供给端：锂辉石精矿和锂云母精矿市场价在9月19-22日维持稳定，分别为 6390元/吨和3400元/吨。碳酸锂产能利用率从9月12日的66.41%提升至9月 19日的71.31%，提升了4.9个百分点。 需求端：9月1-14日，全国乘用车新能源市场零售和批发数据同比和环比均 有增长，零售43.8万辆，同比增长6%，较上月同期增长10%；批发44.7万 辆，同比增长10%，较上月同期增长21%。动力型三元材料和动力型磷酸铁 锂价格在9月19 - 22日有小幅上扬，分别上涨200元/吨和80元/吨。下游电 芯价格部分有小幅度上涨。 库存与仓单：碳酸锂库存从9月12日的138512实物吨降至 ...

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - The lithium carbonate futures price rebounded with a weekly increase of 3.93% and an amplitude of 5.99%. As of the end of this week, the closing price of the main contract was 73,960 yuan/ton [5]. - The fundamentals of lithium carbonate may be in a stage of stable supply and improving demand. The overall industrial inventory is continuously decreasing, and consumption expectations are positive [5]. - It is recommended to conduct short - term long trades at low prices with a light position and pay attention to controlling risks in trading rhythm [5]. 3. Summary by Related Catalogs 3.1 Weekly Summary - **Market Review**: The main contract of lithium carbonate rebounded in the weekly line, with a price increase of 3.93% and an amplitude of 5.99%. The closing price of the main contract was 73,960 yuan/ton. The near - far month spread was - 200 yuan/ton, a weekly decrease of 20 yuan/ton [5][6]. - **Market Outlook**: Macroeconomically, relevant policies were introduced to expand service consumption. In terms of fundamentals, overseas mines and traders were reluctant to sell at low prices, and domestic producers' purchasing sentiment recovered. The inventory of lithium salt factories and traders continued to decline, and the production willingness of smelters remained positive. Downstream enterprises mostly adopted the strategy of buying on dips, and pre - holiday stocking before the Mid - Autumn Festival and National Day made the spot market transactions relatively active [5]. - **Strategy Suggestion**: Conduct short - term long trades at low prices with a light position and control risks in trading rhythm [5]. 3.2 Futures and Spot Market - **Futures Price**: The futures price fluctuated strongly. As of September 19, 2025, the closing price of the main contract was 73,960 yuan/ton, a weekly increase of 2,800 yuan/ton [6]. - **Spot Price**: The spot price rose. As of September 19, 2025, the average price of battery - grade lithium carbonate was 73,500 yuan/ton, a weekly increase of 1,050 yuan/ton. The basis of the main contract was - 460 yuan/ton, a weekly decrease of 1,750 yuan/ton [15]. 3.3 Upstream Market - **Lithium Spodumene**: The price of lithium spodumene concentrate (6% - 6.5%) was 876 US dollars/ton, a weekly decrease of 10 US dollars/ton. The US dollar - RMB spot exchange rate was 7.1125, a weekly decrease of 0.14% [19]. - **Lithium Mica**: The average price of lithium mica (Li₂O: 2.0% - 3%) was 2,645 yuan/ton, remaining flat week - on - week. The average price of phospho - lithium - aluminum stone was 7,215 yuan/ton, a weekly increase of 370 yuan/ton [25]. 3.4 Industry Situation - **Supply Side**: In July 2025, the import volume of lithium carbonate was 13,845.31 tons, a decrease of 21.77% month - on - month and 42.67% year - on - year. The export volume was 366.347 tons, a decrease of 14.74% month - on - month and an increase of 37.2% year - on - year. In August 2025, the output was 45,880 tons, an increase of 2.87% month - on - month and 31.09% year - on - year. The monthly operating rate was 43%, a decrease of 5% month - on - month and 32% year - on - year [31]. - **Demand Side** - **Hexafluorophosphate Lithium**: The average price was 57,500 yuan/ton, a weekly increase of 10,000 yuan/ton. In August 2025, the output of electrolyte was 192,100 tons, an increase of 5.58% month - on - month and 43.84% year - on - year [34]. - **Lithium Iron Phosphate**: The average price of lithium iron phosphate (power type) remained flat week - on - week. In August 2025, the output of cathode materials was 240,000 tons, an increase of 12.17% month - on - month and 32.6% year - on - year. The monthly operating rate was 57%, a change of 6% month - on - month and - 3% year - on - year [37]. - **Ternary Materials**: The prices of ternary materials 811, 622, and 523 types remained stable. In August 2025, the output was 65,860 tons, an increase of 6.36% month - on - month and 17.61% year - on - year. The monthly operating rate was 55%, a change of 3% month - on - month and - 4% year - on - year [42]. - **Lithium Manganate**: The average price of lithium manganate remained flat week - on - week. In August 2025, the output was 10,330 tons, an increase of 2.08% month - on - month and a decrease of 6.09% year - on - year [47]. - **Lithium Cobaltate**: The average price of lithium cobaltate remained flat week - on - week. In August 2025, the output was 14,980 tons, an increase of 16.39% month - on - month and 92.05% year - on - year [50]. - **Application Side** - **New Energy Vehicles**: In August 2025, the penetration rate of new energy vehicles was 45.53%, a change of 0.54% month - on - month and 8.03% year - on - year. The monthly output was 1,391,000 vehicles, a change of 11.91% month - on - month, and the sales volume was 1,395,000 vehicles, a change of 10.54% month - on - month [52]. - **New Energy Vehicle Exports**: As of August 2025, the cumulative export volume of new energy vehicles was 1.532 million, a year - on - year increase of 87.29% [57]. 3.5 Option Market - According to the option parity theory, the premium of the synthetic underlying asset was 0.06, indicating a positive arbitrage opportunity. Based on the performance of option at - the - money contracts and fundamental conditions, it is recommended to build a long straddle option to bet on increasing volatility [60].

马斯克大举增持。 特斯拉首席执行官埃隆·马斯克于9月12日在公开市场购买了257万股该公司的普通股，价格介于每股372.370美元至396.540美元之间，价值约10亿美元。 特斯拉股价盘前大涨近6%，前一交易日曾上涨7.3%。 近期，特斯拉在中国、欧洲等地的销量均出现积极信号。在中国市场，登录特斯拉官网会发现，特斯拉Model Y L车型的预计交付时间已经变成了2025年 11月，这意味着10月份能够销售的Model Y L车型已经售罄。 此前在2025年上半年，特斯拉在中国市场的销量为26.34万辆，同比下滑5.4%。而根据中国汽车工业协会数据，2025年上半年中国新能源汽车整体销量达 693.7万辆，同比增长40.3%，新能源汽车新车销量达到汽车新车总销量的44.3%。这意味着，特斯拉在中国市场的销量大幅跑输新能源汽车市场大盘。 据乘联分会数据，2025年8月，特斯拉在中国批发销量为83192辆，尽管同比下滑4%，但环比增长22.6%。9月1日，特斯拉又打响"降价一枪"，将续航里程 830公里Model 3长续航后轮驱动版售价从26.95万元下调至25.95万元，该车型在8月12日才正式上架，半个多月时 ...

马斯克大举增持。 特斯拉首席执行官埃隆·马斯克于9月12日在公开市场购买了257万股该公司的普通股，价格介于每股372.370美元至396.540美元之间，价值约10亿美元。 特斯拉股价盘前大涨近6%，前一交易日曾上涨7.3%。 近期，特斯拉在中国、欧洲等地的销量均出现积极信号。在中国市场，登录特斯拉官网会发现，特斯拉Model Y L车型的预计交付时间已经变成了2025年11 月，这意味着10月份能够销售的Model Y L车型已经售罄。 此前在2025年上半年，特斯拉在中国市场的销量为26.34万辆，同比下滑5.4%。而根据中国汽车工业协会数据，2025年上半年中国新能源汽车整体销量达 693.7万辆，同比增长40.3%，新能源汽车新车销量达到汽车新车总销量的44.3%。这意味着，特斯拉在中国市场的销量大幅跑输新能源汽车市场大盘。 据乘联分会数据，2025年8月，特斯拉在中国批发销量为83192辆，尽管同比下滑4%，但环比增长22.6%。9月1日，特斯拉又打响"降价一枪"，将续航里程 830公里Model 3长续航后轮驱动版售价从26.95万元下调至25.95万元，该车型在8月12日才正式上架，半个多月时 ...

Report Overview - Report Title: "Carbonate Lithium Market Weekly Report: Supply and Demand Increase at Peak Season, Lithium Price May Be Supported" [2] - Date: September 5, 2025 - Researcher: Chen Sijia 1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoints - The fundamentals of carbonate lithium may be in a situation of increasing supply and demand, with industrial inventory depletion and positive consumption expectations. It is recommended to conduct short - term long trading at low prices with a light position and control risks [4]. 3. Summary by Directory 3.1 Weekly Summary - **Market Review**: The weekly line of the carbonate lithium main contract fluctuated weakly, with a change rate of - 3.78% and an amplitude of 8.16%. As of the end of this week, the main contract closed at 74,260 yuan/ton [4]. - **Macro Situation**: China's economic prosperity level continued to expand. In August, the official manufacturing PMI, non - manufacturing PMI, and comprehensive PMI were 49.4%, 50.3%, and 50.5% respectively, with month - on - month increases of 0.1, 0.2, and 0.3 percentage points [4]. - **Fundamentals**: On the raw material side, there is still uncertainty in domestic mining area supply, and overseas miners still have the sentiment of holding prices and being reluctant to sell. Due to the continuous weakening of the carbonate lithium spot, the lithium ore quotation has been adjusted. In terms of supply, new production lines of domestic smelters have been put into operation, and the production enthusiasm has increased, so the domestic supply is expected to increase. In terms of demand, it is currently the traditional peak consumption season, and downstream material factories have purchasing needs. The recent decline in lithium prices may strengthen the trading sentiment in the spot market. In terms of inventory, the inventory of upstream smelters has continued to decline, and the inventory of downstream has increased, with the overall inventory showing a slight decline [4]. 3.2 Futures and Spot Market - **Futures Price**: As of September 5, 2025, the closing price of the carbonate lithium main contract was 74,260 yuan/ton, a week - on - week decrease of 2,920 yuan/ton. The near - far month spread was - 380 yuan/ton, a week - on - week decrease of 460 yuan/ton [10]. - **Spot Price**: As of September 5, 2025, the average price of battery - grade carbonate lithium was 74,750 yuan/ton, a week - on - week decrease of 4,900 yuan/ton. The basis of the main contract was 490 yuan/ton, a week - on - week decrease of 1,980 yuan/ton [16]. 3.3 Upstream Market - **Spodumene**: As of September 5, 2025, the average price of spodumene concentrate (6% - 6.5%) was 922 US dollars/ton, a week - on - week decrease of 28 US dollars/ton. The spot exchange rate of US dollars against the RMB was 7.1402, with a week - on - week increase of 0.02% [20]. - **Lithium Mica**: As of September 5, 2025, the average price of lithium mica (Li₂O: 2.0% - 3%) was 2,645 yuan/ton, with a week - on - week flat. The average price of amblygonite was 7,125 yuan/ton, a week - on - week decrease of 525 yuan/ton [25]. 3.4 Industry Situation - **Supply Side**: As of July 2025, the monthly import volume of carbonate lithium was 13,845.31 tons, a decrease of 3,852.31 tons from June, a decline of 21.77%, and a year - on - year decline of 42.67%. The monthly export volume was 366.347 tons, a decrease of 63.31 tons from June, a decline of 14.74%, and a year - on - year increase of 37.2%. As of August 2025, the monthly output of carbonate lithium was 45,880 tons, an increase of 1,280 tons from July, an increase of 2.87%, and a year - on - year increase of 31.09%. The monthly operating rate was 43%, a month - on - month decline of 5% and a year - on - year decline of 32% [31]. 3.5 Downstream Market - **Demand Side**: - **Lithium Hexafluorophosphate**: As of September 5, 2025, the average price was 56,500 yuan/ton, a week - on - week increase of 8,000 yuan/ton. As of July 2025, the monthly output of electrolyte was 179,450 tons, an increase of 6,800 tons from June, an increase of 3.94%, and a year - on - year increase of 44.16% [34]. - **Lithium Iron Phosphate**: The average price was 34,300 yuan/ton, with a week - on - week flat. As of July 2025, the monthly output of lithium iron phosphate cathode materials was 213,960 tons, an increase of 10,660 tons from June, an increase of 5.24%, and a year - on - year increase of 26.6%. The monthly operating rate was 51%, a month - on - month decrease of 1% and a year - on - year decrease of 5% [37]. - **Ternary Materials**: As of July 2025, the monthly output was 61,920 tons, an increase of 2,920 tons from June, an increase of 4.95%, and a year - on - year increase of 24.09%. The monthly operating rate was 52%, a month - on - month increase of 1% and a year - on - year decrease of 1%. The prices of 811 - type, 622 - type, and 523 - type ternary materials continued to weaken [41]. - **Lithium Manganate**: As of July 2025, the monthly output was 10,120 tons, a decrease of 680 tons from June, a decline of 6.3%, and a year - on - year increase of 11.21%. The average price was 32,000 yuan/ton, a week - on - week decrease of 1,000 yuan/ton [46]. - **Lithium Cobaltate**: As of July 2025, the monthly output was 12,870 tons, an increase of 470 tons from June, an increase of 3.79%, and a year - on - year increase of 71.14%. The average price was 230,000 yuan/ton, a week - on - week decrease of 3,000 yuan/ton [49]. - **Application Side**: - **New Energy Vehicles**: As of July 2025, the penetration rate was 44.99%, a month - on - month increase of 0.68% and a year - on - year increase of 8.61%. The monthly output was 1,243,000 vehicles, a month - on - month decrease of 1.97%; the sales volume was 1,262,000 vehicles, a month - on - month decrease of 5.04%. The cumulative export volume was 1.308 million vehicles, a year - on - year increase of 84.75% [51][56]. 3.6 Option Market - According to the option parity theory, the premium of the synthetic underlying asset is - 0.28, with a reverse arbitrage opportunity. Based on the performance of the option at - the - money contract and the fundamental situation, it is recommended to build a long straddle option to bet on an increase in volatility [59].

9月3日，据乘联分会数据，初步统计：8月1-31日，全国乘用车市场零售195.2万辆，同比去年同期增长 3%，较上月增长7%，今年以来累计零售1,469.8万辆，同比增长9%；8月1-31日,全国乘用车厂商批发 240.9万辆，同比去年同期增长12%，较上月增长8%，今年以来累计批发1,793.4万辆，同比增长12%。 初步统计：8月1-31日，全国乘用车新能源市场零售107.9万辆，同比去年同期增长5%，较上月增长 9%，全国新能源市场零售渗透率55.3%，今年以来累计零售753.5万辆，同比增长25%；8月1-31日，全 国乘用车厂商新能源批发129.2万辆，同比去年同期增长23%，较上月增长9%，新能源厂商批发渗透率 53.6%，今年以来累计批发892.6万辆，同比增长33%。 ...

Core Viewpoint - The Chinese new energy vehicle (NEV) market is experiencing rapid growth, with an August penetration rate nearing 60%, intensifying competition between traditional brands and new players [1] Group 1: Market Performance - In August, BYD maintained its leading position with sales of 373,600 units, nearly matching last year's figures [2] - Geely's total sales reached 250,200 units, a 38% year-on-year increase, with NEV sales at 147,300 units, accounting for nearly half of its total sales [6] - SAIC Group's total vehicle sales were 363,400 units, up 41.04% year-on-year, with NEV sales of 129,800 units, a 49.89% increase [12] - Changan Automobile sold 88,000 NEVs in August, marking an 80% year-on-year growth [15] - Chery Group's NEV sales reached 71,218 units, a 53.1% increase year-on-year [20] Group 2: New Energy Vehicle Trends - BYD's NEV market penetration is approaching 60%, driven by models like the Sea Lion 06 and Qin PLUS [5] - Geely's Galaxy brand saw a remarkable 173% increase in sales, reaching 110,600 units [11] - The new energy vehicle sales of SAIC's various brands, including IM and Roewe, showed significant growth, with some brands achieving over 200% year-on-year increases [13] - Leap Motor emerged as a strong player with 57,066 units delivered, an 88% increase year-on-year [28] - Hongmeng Zhixing's average transaction price reached 380,000 yuan, indicating a successful market strategy [32] Group 3: Competitive Landscape - New entrants like Leap Motor and Hongmeng Zhixing are reshaping the competitive landscape, with "Zero Small Question" replacing the traditional "Weilai Xiaoli" [67] - Xiaomi's automotive division is gaining traction, with over 30,000 units delivered in August, leveraging its brand influence and supply chain capabilities [50] - NIO achieved a record high of 31,305 units delivered in August, with a clear multi-brand strategy [45] - Ideal Auto faced a decline of 40.72% in sales, indicating a challenging period for the company [58] Group 4: Future Outlook - The NEV retail penetration rate is expected to reach 56.7% in August, a 12 percentage point increase year-on-year, with projections for the year to exceed 58% [67] - The upcoming "Golden September and Silver October" season is anticipated to further evolve the market dynamics with new model launches [67]

Core Viewpoint - The Chinese automotive market has shown significant growth in the first seven months of 2023, with production and sales increasing by 12% and 12.7% year-on-year, respectively, despite a seasonal decline in July [1][3]. Production and Sales Data - From January to July, the total automotive production reached 18.235 million units, while sales reached 18.269 million units, marking a year-on-year increase of 12.7% and 12% [1]. - In July alone, production and sales were 2.591 million and 2.593 million units, respectively, reflecting a month-on-month decline of 7.3% and 10.7%, but a year-on-year increase of 13.3% and 14.7% [1][3]. Market Dynamics - The decline in July's production and sales is attributed to the traditional off-season and scheduled equipment maintenance by manufacturers, leading to a seasonal slowdown [3]. - The "old-for-new" vehicle policy continues to show positive effects, and the introduction of new models by companies has contributed to stable market operations [3]. Passenger Vehicle Market - In July, the production and sales of passenger vehicles reached 2.293 million and 2.287 million units, with year-on-year growth of 13% and 14.7% [4]. - Chinese brand passenger vehicles accounted for 70.1% of total passenger vehicle sales in July, with a year-on-year increase of 3.8 percentage points [4]. - From January to July, the sales of Chinese brand passenger vehicles reached 10.873 million units, a year-on-year increase of 24.4%, with a market share of 68.6% [5]. Commercial Vehicle Market - In July, commercial vehicle production and sales were 298,000 and 306,000 units, respectively, showing a month-on-month decline but maintaining double-digit year-on-year growth [6]. - From January to July, commercial vehicle production and sales totaled 2.397 million and 2.428 million units, with year-on-year increases of 6% and 3.9% [6]. New Energy Vehicles (NEVs) - NEVs continued to show rapid growth, with July production and sales reaching 1.243 million and 1.262 million units, respectively, marking year-on-year increases of 26.3% and 27.4% [7]. - NEVs accounted for 48.7% of total new vehicle sales in July, with domestic sales surpassing 50% for the first time since December [7]. - From January to July, NEV production and sales reached 8.232 million and 8.22 million units, with year-on-year growth of 39.2% and 38.5% [7]. Export Performance - NEVs have become a major driver of export growth, with total automotive exports reaching 3.68 million units from January to July, a year-on-year increase of 12.8% [8]. - Traditional fuel vehicle exports decreased by 7%, while NEV exports surged by 84.6% [8]. - BYD's export growth was particularly notable, with a 130% increase, reaching 553,000 units [8].

Group 1: Report Industry Investment Rating - Not provided in the content Group 2: Core Viewpoints of the Report - The short - term lithium carbonate market may fluctuate widely within the current range. The contraction expectation caused by CATL's production suspension on the supply side is being partially offset by the increase in salt - lake lithium extraction and the recovery of imports. Although the downstream is in the peak season, the procurement rhythm has become cautious due to previous stockpiling, and the continuous pressure on cathode material prices weakens demand elasticity. Lithium carbonate futures may continue to fluctuate within the high - level range [3]. Group 3: Summary by Relevant Catalogs 1. Daily Market Summary a. Lithium Carbonate Futures Market Data Changes Analysis - On August 26, the main contract of lithium carbonate closed at 79,020 yuan/ton, a slight decline of 0.45% from the previous trading day. The basis continued to weaken, dropping from 3,320 yuan/ton on the 25th to 2,680 yuan/ton, and the futures discount to the spot increased, indicating that the market's expectation of future supply pressure has increased [1]. - The trading volume of the main contract shrank by 10.7% to 559,599 lots, and the open interest decreased by 19,171 lots. The trading activity of funds cooled down, and some long - positions left the market for risk - avoidance [1]. b. Analysis of Industrial Chain Supply - Demand and Inventory Changes - **Supply side**: There are both short - term disturbances and long - term adjustments. The suspension of CATL's Jiangxi Jianxiawo lithium mica mining area since August 10 has supported the spot market. However, the expansion projects of salt - lake lithium extraction are advancing, and the capacity utilization rate of lithium carbonate has increased by 2.49 percentage points week - on - week to 66.41%, so the overall supply has increased marginally. In July, the import volume of lithium carbonate decreased by 22% month - on - month to 13,845 tons, but Chile's exports to China increased by 33% month - on - month, and the seasonal recovery of overseas supply may ease the tight domestic resource situation [2]. - **Demand side**: The demand in the peak season remains resilient but has limited upward momentum. From August 1 to 17, the retail penetration rate of new energy passenger vehicles reached 58%, and the demand has improved marginally. The production of cathode materials has remained at a high level, but the prices of power - type lithium iron phosphate and ternary materials have declined slightly, and the downstream cost transfer is under pressure. The overall cell prices are stable, and only the square lithium iron phosphate cells have risen slightly by 0.62%. The rigid demand on the demand side still exists, but the momentum for new orders is insufficient [2]. - **Inventory and warehouse receipts**: The lithium carbonate inventory decreased by 713 tons week - on - week to 141,543 tons, with a destocking rate of 0.5%, indicating that the supply - demand tight - balance pattern continues. There is no significant change in warehouse receipts, and the low - inventory environment still supports the price bottom [2]. c. Market Summary - The short - term lithium carbonate market may fluctuate widely within the current range. The lithium carbonate futures may continue to fluctuate within the high - level range, and attention should be paid to the unexpected disturbances to the supply caused by the production reduction or suspension events of lithium mica smelters due to cost inversion [3]. 2. Industrial Chain Price Monitoring - On August 26, the main contract of lithium carbonate was 79,020 yuan/ton, a decrease of 0.45% from August 25. The basis was 2,680 yuan/ton, a decrease of 19.28% from the previous day. The open interest of the main contract decreased by 5.20% to 349,496 lots, and the trading volume decreased by 10.74% to 559,599 lots. The market price of battery - grade lithium carbonate was 81,700 yuan/ton, a decrease of 1.21% [5]. - From August 15 to August 22, the capacity utilization rate of lithium carbonate increased from 63.92% to 66.41%, and the inventory decreased by 0.50% to 141,543 tons. Among the cells, the price of 523 cylindrical ternary cells increased by 0.23%, the price of cobalt - acid lithium cells increased by 3.60%, and the price of square lithium iron phosphate cells increased by 0.62% [5]. 3. Industry Dynamics and Interpretations a. Spot Market Quotations - On August 26, the SMM battery - grade lithium carbonate index price was 81,739 yuan/ton, a decrease of 780 yuan/ton from the previous working day. The downstream procurement and pricing activities increased slightly compared with the previous day, but some manufacturers reduced their procurement volume this week compared with last week. The overall downstream procurement attitude has become cautious, and they are generally waiting for further price cuts. In the short term, the spot price of lithium carbonate is expected to remain relatively high and continue to fluctuate within the range [6]. b. Downstream Consumption Situation - From August 1 to 17, the retail volume of the new energy passenger vehicle market was 502,000 units, a year - on - year increase of 9% and a month - on - month increase of 12%. The retail penetration rate was 58.0%, and the cumulative retail volume this year was 6.958 million units, a year - on - year increase of 28%. The wholesale volume of new energy passenger vehicles was 474,000 units, a year - on - year increase of 18% and a month - on - month increase of 10%. The wholesale penetration rate was 56.4%, and the cumulative wholesale volume this year was 8.108 million units, a year - on - year increase of 34% [7]. c. Industry News - Since the official suspension of CATL's Jiangxi Yichun Jianxiawo mining area on August 10, the "butterfly effect" has spread throughout the industrial chain [8]. - On August 18, Lanxiao Technology won the bid for the adsorption system of the expansion and renovation project of the comprehensive utilization of old brine for lithium extraction from the Lop Nur Salt Lake of Guotou Xinjiang Lithium Industry Co., Ltd., with a bid amount of 35.7712 million yuan, which will have a positive impact on the company's development in the salt - lake lithium extraction industry [9]. - On August 15, CATL's Jianxiawo mining area suspended production due to the expiration of the mining license, which will directly affect the price of lithium carbonate. Yichun local mines are required to re - apply before September 30 this year [9]. 4. Industrial Chain Data Charts - The content mainly lists the names of various data charts, including the main contract and basis of lithium carbonate futures, lithium concentrate prices, etc., without specific data descriptions [10][13][15]