Group 1 - The National Index for New Energy Vehicle Batteries (980032) increased by 2.81% as of August 11, 2025, with significant gains in constituent stocks such as Xinzhou Bang (300037) up 11.38%, Hunan Youneng (301358) up 10.89%, and Ganfeng Lithium (002460) up 9.99% [1] - The mining license for the Jiangxiawo mining area under CATL expired on August 9, leading to a formal suspension of operations, which has caused a significant increase in lithium carbonate futures by 11.15% to 77,000 yuan/ton [1] - Despite a slight increase in lithium carbonate inventory, the upcoming peak demand season ("Golden September and Silver October") is expected to support lithium prices, indicating a clear trend of price rebound due to supply disruptions and recovering demand [1] Group 2 - Recent increases in lithium carbonate prices are expected to drive profitability recovery in the battery and cathode material sectors, highlighting investment opportunities in these areas [2] - CATL's output of power batteries and energy storage batteries exceeded 270 GWh in the first half of 2025, representing a year-on-year growth of nearly 32%, with a capacity utilization rate of 90% [2] - As terminal demand continues to improve, CATL is accelerating its capacity expansion, with a total capacity of 690 GWh and an additional 235 GWh under construction, aiming for a total planned capacity of 925 GWh [2]