Core Viewpoint - The stock of Jiangsu Lihua Chemical Co., Ltd. (00746) has seen a significant increase, with a rise of over 10% during trading, attributed to the surge in the price of vinyl carbonate (VC), a key additive in lithium battery electrolytes [1] Company Summary - Jiangsu Lihua Chemical has invested 560 million yuan in a new lithium battery electrolyte project, which was completed and accepted at the end of July this year, marking the company's entry into the new energy sector [1] - The company's vinyl carbonate product boasts a purity of 99.999%, which can significantly enhance battery cycle life and charge-discharge efficiency [1] Industry Summary - As of November 12, the price of vinyl carbonate has risen to 77,500 yuan per ton, a 63% increase from the price of 47,500 yuan per ton on September 1 [1] - The recent price increase is primarily driven by the growing demand for energy storage both domestically and internationally, leading to a reversal in the supply-demand dynamics within the industry [1]