New energy automotive industry chain as a whole

At present, a number of new energy vehicle related industries listed companies have issued interim results announcements. According to preliminary statistics, the growth of the performance of at least 10 listed companies such as Fluoride, Tianqi Lithium, and Tianci Materials is expected to reach over 100%. These companies are in the upstream, midstream, and downstream segments of the new energy auto industrial chain, respectively. The energy automotive industry chain is in a boom cycle.

Judging from the companies that have issued interim results announcements, many companies have briefly analyzed the reasons for the increase in their performance. Regardless of their links in the industry chain, policy support and a high degree of business prosperity are basic factors that have improved performance.

In an explanation of the increase in interim results this year, Fluoridon said that the company's new energy segment business will drive lithium hexafluorophosphate into a new business cycle, with rapid price recovery and strong profitability. Tianqi Lithium also stated that during the reporting period, the company’s demand for downstream lithium battery market grew steadily, and the lithium battery industry’s upstream battery material industry drove the rapid growth in demand for lithium chemical products. The growth in market demand led to the company’s battery grade lithium carbonate and other products sales prices and Sales volume all increased year-on-year, operating income increased significantly from the same period of last year, and the gross profit of product sales increased significantly. Yanfeng Lithium also stated that during the reporting period, due to the strong market demand for downstream lithium batteries, the upstream battery materials industry led to the rapid growth of demand for lithium chemical products, resulting in sales price and sales volume of the company's battery grade lithium carbonate and battery grade lithium hydroxide. Increased year-on-year and performance improved significantly.

The companies in the middle reaches of the industrial chain, such as Rongjie, said that the performance of the company’s lithium battery equipment has increased significantly; part of the lithium-ion battery box project has been put into operation, and the lithium battery system business has begun to contribute. The first factor cited by Founder Motor in analyzing the causes of changes in performance is the growth of the company's new energy automotive business.

As a downstream company, BYD said that the new energy vehicle market has entered a period of rapid growth, benefiting from widespread consumer acceptance and strong policy support. It is expected that sales of new energy vehicles will continue to grow in the second quarter, and sales will continue to expand, driving new The income and profit of energy vehicles continued to increase.

Under the strong stimulation of various policies, the domestic production and sales of new energy vehicles exceeded the market expectations in 2015, especially in the second half of the production and sales data record high, the final annual production and sales fixed at 34.05 million and 331,100 on the growth rate 333.7% and 342.9%. The research report believes that the production and sales of new energy vehicles are expected to reach 544,000 units this year, which will slow down year-on-year growth. However, the new energy passenger vehicle is one of the most determined segments of this year's growth. From January to April this year, the sales volume reached nearly 60,000 vehicles, an increase of 120% year-on-year; of which pure-electric passenger cars increased by 138% year-on-year. The rapid growth in sales has played a significant role in driving the new energy auto industry. The most direct result is that the price of lithium carbonate in the upstream has soared. Driven by this, the performance of lithium resources and power battery segment is very prominent.