Core Viewpoint - The company indicates that the recent surge in lithium carbonate prices was driven by the explosive growth of the electric vehicle market, which caused prices to rise from around 100,000 yuan to approximately 500,000 yuan. Currently, there are no significant fluctuations in lithium carbonate prices, and the supply-demand situation remains stable [1]. Group 1 - The increase in lithium-ion battery cell prices in previous years was primarily due to rising lithium carbonate prices, influenced by the rapid growth of the electric vehicle sector [1]. - The company observes that the current state of lithium carbonate prices is stable, with no significant volatility noted [1]. - The supply of lithium-ion battery cells experienced some tightness recently, mainly due to high growth in global energy storage, but overall production capacity is sufficient and gradually being optimized [1]. Group 2 - The company has established long-term strategic partnerships with numerous high-quality battery cell manufacturers to ensure a stable supply of battery cells [1]. - The overall assessment is that the supply of battery cells for the company will remain stable in the coming year [1].