Industry Highlights - SAIC-GM-Wuling has launched the world's first 6C high manganese battery, achieving over 1000 km of pure electric range and maintaining 85% battery capacity at -20°C [1] - The new battery technology features a 3D thermal management system that improves cooling efficiency by 2.6 times, with a fast charge capability of 500 km in just 10 minutes [1] Market Trends - In March, the number of discounted passenger car models decreased significantly to 23, down from 51 in the same month last year, indicating a cooling off of the price-cutting trend [2] - BYD expects a net profit of 8.5 to 10 billion yuan for Q1 2025, representing a year-on-year growth of 86.04% to 118.88%, driven by strong sales in the electric vehicle sector [3] Lithium Battery Material Market - Domestic lithium carbonate prices have declined due to increased export costs from U.S. tariffs, leading to weakened demand expectations [7] - The latest prices for battery-grade lithium carbonate are between 72,200 to 73,200 yuan per ton [8] - The price of ternary materials remains stable, with a slight production increase of about 5% in April compared to March [8] - Phosphate iron lithium prices have slightly decreased, but production levels are at historical highs, expected to exceed 280,000 tons in April [10] - The price for phosphate iron lithium is between 32,500 to 34,000 yuan per ton for power-type and 31,900 to 33,000 yuan per ton for energy storage-type [11] Battery and Energy Storage Market - The domestic lithium battery market remains stable, with fluctuations in order volumes among leading battery manufacturers [14] - New energy vehicle sales reached 337,000 units last week, with a year-on-year increase of 25.28% [16] - The U.S. has implemented significant tariffs on imported batteries, raising the import duty on fixed energy storage batteries to 64.9% and potentially up to 82.4% by 2026 [17]

Battery - EVE Power Hungary Kft., a wholly-owned subsidiary of EVE Lithium Energy, has received a construction permit from the Debrecen government in Hungary to establish a battery manufacturing plant [2] - SAIC-GM-Wuling launched the Shentian Battery 3.0, which enhances battery safety through design, manufacturing, and verification. The world's first 6C high-manganese battery, Shentian Battery M, enables a 50% charge in 7 minutes and offers a pure electric range exceeding 1000 kilometers [3][4] - Hongtai Bo's 50,000-ton lithium iron phosphate project is set to begin trial production in May, with a total investment of 1.25 billion yuan [4] - A battery recycling project in Ulanqab, Inner Mongolia, aims to recycle 5,000 tons of waste batteries annually, with a total investment of 5 million yuan [5] Materials - Zhejiang Zhongning Silicon Industry has commenced construction on a silicon-carbon anode material and high-purity silane project, with a total investment of 5.28 billion yuan and an annual production capacity of 40,000 tons [7] - Greenme's new generation of ultra-high nickel 9-series core-shell ternary precursor has achieved mass production and shipment, marking the start of large-scale production and marketization [8] Financial Performance - Yinglian Co., Ltd. expects a net profit of 7.5 million to 11 million yuan for Q1, representing a year-on-year increase of 459.28% to 720.28% [6]