CNGR(SZ:300919)2026-01-15 09:14Group 1: Market Outlook - The global output of ternary materials is projected to reach 1.038 million tons by 2025, with a growth rate of 7.7%. The company maintains the leading market share in ternary precursor shipments [1] - The future of the ternary market is optimistic due to high growth in the European automotive market, the introduction of new high-end models in China, and increased demand for materials driven by higher battery capacities in existing electric vehicles [1] Group 2: Product Development and Capacity - The company has established a solid-state battery material output of nearly 50 tons, with a global market share of 89.5% for ultra-high nickel ternary precursors expected in 2024 [1] - The company has built a production capacity of nearly 200,000 tons for iron phosphate and 50,000 tons for lithium iron phosphate, achieving significant growth and stability in product performance [3] Group 3: Sodium Battery and Nickel Resources - The company anticipates shipping sodium battery materials in the kiloton range by 2025, with a significant increase in output expected in 2026 as industrialization accelerates [4] - The company has secured 500-600 million wet tons of nickel ore resources and established four nickel raw material industrial bases in Indonesia, with a smelting capacity of 195,000 metal tons and an expected full production by 2026 [5] Group 4: Resource Development - The company controls high-quality phosphate resources in Guizhou, with a resource volume of 98.44 million tons and an average grade of 25%, planning to start mining by December 31, 2025 [8] - The company has acquired lithium resources from two salt lake lithium mines in Argentina, with over 10 million tons of lithium carbonate resources expected to start production in 2028 [8]