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China Tightens EV Battery Safety Rules
BOCOM INTL: In the first quarter, both the supply and demand for Battery are strong, but the export of energy storage batteries to the U.S. may experience short-term fluctuations due to tariffs.
The bank recommends paying attention to the subsequent changes in USA tariffs. In terms of individual stocks, the bank suggests focusing on Contemporary Amperex Technology (300750.SZ/Buy), which has cost and technological advantages and is a leader in overseas layout.
Guosheng Securities: China and Europe discuss the lowest prices for Chinese EVs to replace the tariff mechanism. Bullish on the growth potential of enterprises in Europe.
Negotiations to replace tariffs with the lowest prices will promote the healthy development of the electric vehicle industry between China and Europe.
Minsheng Securities: The structure of the lithium Industry is expected to continue to improve, with key focus on symbols that have production elasticity and cost advantages.
With the decline in lithium prices and the clearance of Australian mines, the actual costs of South American salt lakes are underestimated, and there is a possibility that supply may not meet expectations.
GGII: The price of lithium iron phosphate materials will "bottom out and then rebound" in 2025.
On April 2, the High Industry Research Institute of Lithium Batteries (GGII) published an article stating that in 2024, the CAILIAOHANGYE of Cathode Material in China will show the following characteristics: 1) Processing fees and prices hit the bottom, rebound expected in early 2025; 2) High-performance lithium iron phosphate materials will have rapid growth in shipments; 3) The share in Cathode Materials will further expand.
Brokerage morning meeting highlights: Focus on economic performance exceeding expectations or new catalysts in Technology, and emphasize structural opportunities in Technology and the pro-cyclical main line.
At today's Brokerage morning meeting, China Securities Co.,Ltd. suggested focusing on the economy exceeding expectations or new catalysts in Technology, emphasizing structural opportunities in Technology and pro-cyclical main lines; KSY Securities believes that the overall Hong Kong stock market has not yet entered a full bull market rally stage; HTSC stated that the overall lithium battery production scheduling in April has improved month-on-month, Bullish on the marginal continuous improvement of supply and demand in the Industry Chain.
