Accelerate the Localization of Lithium Isolation Films

The price has continued to decline, and lithium-ion batteries have gradually replaced backward lead-acid and nickel-metal hydride batteries. The alternative process has now been carried out in the field of electric bicycle batteries and UPS batteries, and the demand for lithium batteries in these two fields has grown rapidly. The domestic lithium battery market for electric vehicles is likely to break ice in 2013.

The large number of batteries needed for energy storage power stations is more sensitive to the price of batteries, and the premise of market start-up is a more substantial decline in the price of lithium batteries.

Demand for consumer electronics lithium batteries has grown steadily; demand for power batteries has grown rapidly. Smartphone battery demand is expected to grow by about 50% this year. Demand for lithium battery in the tablet PC market will increase by more than 230% this year, and will continue to grow rapidly next year. The penetration rate of lithium batteries in the power tool battery market will reach 69% this year, with a growth rate of about 8%. The lead-acid industry rectification will bring an alternative opportunity for the replacement of lithium batteries in the electric bicycle battery market and will see rapid growth. With the expansion of the scale of production and sales, the price of electric vehicles will be greatly reduced, and the demand for electric vehicles will increase. The share of lithium in the grid energy storage market has risen rapidly. This year's penetration rate will increase from 13% to 30%.

The market pattern of lithium ion battery key materials has changed. The market demand for lithium cobaltate was reversed and the ternary material came from behind. Natural graphite has once again become the mainstream anode material, and artificial graphite has been extruded.

Localization of barrier films is accelerating and it is optimistic about import substitution. Lithium hexafluorophosphate electrolyte solute made a breakthrough domestic production.

Lithium carbonate production capacity expanded rapidly, oversupply and profitability declined slightly. Lithium reserves are abundant and concentrated. After the large-scale start-up of the electric vehicle market, the demand for lithium resources will increase exponentially, and companies that control lithium resources will benefit.

Investment Strategy: It is recommended that investment be benefited from import substitution and structural changes within the industry, as well as high-growth electric vehicle and power battery quality companies. It is recommended to pay attention to Xinwangda (joining the self-selected stocks and participating in analog stocks), Yi Wei Lieneng (joining the self-selected stocks, participating in analog stocks), Xinzhoubang (joining the self-selected stocks, participating in simulated stocks), Fosuu Technology, and BYD (joining the self-selection Stocks, participate in analog stocks, Wanxiang Qianchao (joint stocks to join, participate in analog stocks), Desai battery (adding stocks to participate, participate in analog stocks) and other listed companies.

Stock price catalyst: "Lead-acid battery industry access conditions" announced; "energy-saving and new energy vehicle industry development plan" announced; major breakthrough in battery technology or significant price changes.

Risk Warning: The risk that the expansion of production capacity will lead to a decline in profitability; the risk of declining industry valuation levels; the risk of the electric vehicle industry developing less than expected. The risk of major changes in industry policies.