关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源： #鑫椤锂电 行业热点新闻 新的技术要求为 CM≤1090，ECL=10.1；1090＜CM≤2710，ECL=0.00556×（CM-1780）+13.92；CM＞ 2710，ECL=19.1。 工信部调整新能源购置补贴减免要求，对新能源行业影响如何？ 10月9日，据工业和信息化部官网显示，其与财政部、税务总局等三部门近日联合公告2026-2027年减免车辆购置税 新能源汽车产品技术要求，明确纯电动乘用车、插电式（含增程式）混合动力乘用车有关技术要求调整等情况。 根据鑫椤锂电解读，政策导向的趋势主要有以下几点： 1、对于纯电车型，相同电量下要求更长的续航能力 原有的纯电动乘用车技术要求为：按整车整备质量（m，kg）的不同，百公里电能消耗量目标值（Y）应满足以下要 求：m≤1000 时，Y≤0.0112×m+0.4；10001600 时，Y≤0.0048×m+8.60。 结合以上对比，以整备质量1000kg的车辆为例，原技术要求的能耗限制为11.6kWh/100km，而在新的技术要求下车 辆的能耗来到了10. ...

Core Viewpoint - The new cobalt export quota system in the Democratic Republic of Congo (DRC) is expected to tighten cobalt supply, but the impact on Huayou Cobalt's raw material and product supply stability is limited due to its diversified sources and ongoing projects [1][2]. Group 1: Cobalt Export Quota and Market Impact - The DRC's new export quota system allows for the export of 18,125 tons of cobalt in 2025 and a maximum of 96,600 tons annually in 2026 and 2027, which is based on the past three years' export volumes [1]. - Under the new quota, only about 44% of cobalt production can be exported, leading to a reduction of over 100,000 tons in available supply [2]. - Market estimates suggest a shift from a surplus of approximately 70,000 tons in 2024 to a shortage of about 30,000 tons [2]. Group 2: Huayou Cobalt's Production and Financial Performance - Huayou Cobalt's nickel-cobalt wet smelting projects in Indonesia have a combined annual capacity of 180,000 tons and are currently operating above capacity [1][2]. - The company has a cobalt refining capacity of approximately 40,000 tons per year, with expectations to increase this to over 30,000 tons annually by 2026 due to new projects [2]. - Following the announcement of the export quota, Huayou Cobalt's stock price has increased by over 20%, and the gross margin for cobalt products in the first half of 2025 is around 32%, up from 15.54% the previous year [3].

Core Insights - The Congolese government announced a distribution plan for cobalt export quotas for the remainder of the year, marking the end of an eight-month cobalt export ban that began in February [1] Group 1: Export Quota Details - The new export quotas will take effect on October 16 and will be allocated based on each company's total export volume over the past three years [1] - Approximately 18,000 tons of cobalt can be exported by mining companies for the remainder of this year, with annual export limits set at 96,600 tons for both 2026 and 2027, which is less than half of last year's production [1] Group 2: Major Companies and Their Quotas - China Molybdenum, the world's largest cobalt producer, has been approved to export 6,500 tons of cobalt by the end of 2025, accounting for 36% of the total quota [1] - It is projected that China Molybdenum will export 31,200 tons of cobalt in 2026, representing 27% of its total production in Congo last year, which was 114,000 tons, over 40% of global production [1] - Glencore and Eurasian Resources, the second and third largest cobalt producers globally, have been granted export quotas of 3,925 tons and 2,125 tons, respectively, making up 22% and 12% of the total quota [1] - Other Chinese mining companies, including Huagong Mining, Huayou Cobalt, China Nonferrous Metal Industry Group, Minmetals Resources, Zijin Mining, and Jinchuan Group, along with some other local producers, have also received export quotas proportionally [1]