New Infrastructure Headlines 20111122
New Energy
Short-term lithium supply and demand continue to be tight, lithium prices may remain strong, and the concentrate end is more certain
Guotai Junan Securities released the latest research report pointing out that short-term lithium supply and demand continue to be tight, lithium prices may remain strong, and the concentrate end is more certain. Last week, the price of lithium concentrate was US$2110/ton, up US$240/ton from the previous week. The Q4 power limit is getting looser, and the production of positive electrode materials continues to increase. In particular, the production and demand of lithium iron phosphate is in full swing, and the demand for lithium carbonate has further risen. The pace of procurement has been slow for some time, and the inventory levels of mid- and downstream manufacturers are currently at a low level. For some small and medium-sized material manufacturers, the inventory level is even less than a week's use, which is completely lower than the safety inventory limit. The end of the year is approaching, and the concentrated stocking cycle is approaching. Last week, I clearly felt that the manufacturer's purchasing sentiment has worsened and the frequency of inquiry has increased. Starting last week, the third lithium price increase has been brewing and started, and the price of lithium carbonate will lead the rise first. According to Smm data, the price of battery-grade lithium carbonate last week was 197,000-200,000 yuan/ton, an average price rose by 2,000 yuan/ton compared with the previous week.
According to CCTV reports in March this year, the entire supply and demand gap of lithium ore has reached about 20% to 25%. In October this year, the prices of lithium carbonate and lithium hydroxide have exceeded 180,000 yuan/ton. As of November 15, the price of battery-grade lithium carbonate was 195,000 yuan/ton. Three months ago, the quotation for lithium carbonate and lithium hydroxide was less than 95,000 yuan per ton. Since the beginning of the year, the increase in lithium carbonate has exceeded 230%.
Lithium battery companies represented by CATL , YI Lithium Energy , etc. have accelerated the pace of acquiring upstream materials, and domestic companies have even seen a global "grabbing lithium".
According to data, since this year, Anzhong Co., Ltd. , Yiwei Lithium Energy, Guoxuan Hi-Tech , Fulin Precision, Tibet Mining , and Zangge Holdings have all participated in the competition for domestic and foreign lithium mining resource projects, involving a total amount of more than 40 billion yuan. Ganfeng Lithium html has launched a number of mergers and acquisitions within 4 years, successively acquiring Yili Hongda for 1.47 billion yuan, invited to acquire all issued shares of Bacanora for no more than 150 million pounds, and acquired 50% of the equity of Dutch SPV for US$130 million. On October 31, CATL confirmed that it spent 377 million Canadian dollars (approximately RMB 1.924 billion) to participate in Millennial's bid, with the quotation being about 7% higher than Ganfeng Lithium's previous proposed bid for a bid.
Ministry of Industry and Information Technology: Guide enterprises to reduce manufacturing projects that simply expand production capacity, prevent overcapacity
November 18, in order to further strengthen the management of lithium-ion battery industry, promote industry transformation and upgrading and technological progress, the Ministry of Industry and Information Technology publicly solicited opinions on the "Lithium-ion Battery Industry Standard Conditions (2021 Book)" (draft for soliciting opinions) (hereinafter referred to as the "Standard Conditions") and the "Lithium-ion Battery Industry Standard Announcement Management Measures (2021 Book)" (draft for soliciting opinions) on the official website, with the deadline being November 28. The "Specification Conditions" proposes to guide enterprises to reduce manufacturing projects that simply expand production capacity, strengthen technological innovation, improve product quality, and reduce production costs.
According to incomplete statistics from the reporter, since this year, the planned new production capacity of power battery companies including CATL, BYD , AVIC Lithium Battery , Yiwei Lithium Energy, Guoxuan Hi-Tech and other power battery companies have exceeded 1,000GWh, with a total investment of approximately 165 billion yuan. Almost 10 times the total number of power battery installed this year.
from the Internet
Food and grass are ahead: Car companies are rushing to supplement ammunition
At present, new domestic car-making forces are in a period of high investment. Before car companies form their hematopoietic ability, financing capabilities are crucial to their high-intensity R&D investment and respond to fierce market competition. Recently, nearly three months after the financing plan was disclosed, NIO completed a US$2 billion financing in US stock . At present, the company is in a period of accelerated production expansion, and this funding will undoubtedly help its strategic expansion.However, affected by two serious accidents and production line transformation, the delivery volume of NIO in recent months has been ups and downs. The delivery volume in October is only 36% of the delivery volume of Xiaopeng Motors , and is even less than half of the "second echelon" Nezha Auto .
As of now, NIO's stock price has fallen 42% from its high at the beginning of the year, and its market value has evaporated by US$45.1 billion.
It is not only NIO that has stepped up financing. BYD (002594) announced on November 19 that will increase its capital to its wholly-owned subsidiary BYD Automobile Industry Co., Ltd. by US$1.7 billion. BYD said that the company will accelerate the replacement of fuel vehicles by new energy vehicles through technological innovation, and achieve the leap from traditional cars to smart cars through the software and hardware layout in the field of automotive intelligence. As an important entity for the company to carry out new energy vehicle business, the capital increase is based on the needs of the production and operation of the automobile industry and business development.
On November 1, BYD also launched a round of H-share allocation, intending to allocate 50 million H-shares at a price of HK$276 per share, accounting for 4.77% of the issued shares. The estimated net fundraising is approximately HK$13.744 billion, which will be used to supplement working capital, repay interest-bearing debt, R&D investment and general corporate purposes.
In addition, Nezha Automobile also announced that it will conduct a D2 round of financing, with participants including CATL. Nezha received 4 billion yuan in the previous D1 round; Avita Technology, a subsidiary of Changan Automobile , recently completed its first round of strategic financing, successfully introducing three strategic investors including CATL, with a total financing of 2.42 billion yuan.
New energy vehicles are accelerating their popularity, and various brands are competing for thousands of sails. According to data from the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in October were 397,000 and 383,000, respectively, an increase of 133.2% and 139.4% year-on-year; the cumulative production and sales of new energy vehicles from January to October were 2.566 million and 2.542 million, an increase of 180.7% and 176.6% year-on-year.
Ping An Securities points out that the automobile industry is in a critical period of electrification and intelligence transformation, and the sufficient degree and speed of "grain and grass" reserves will be one of the key factors in the rapid development of car companies in an important window period. At present, the new forces are mainly committed to self-development of intelligent technologies and the construction of brand maintenance, sales and service channels. In the future, blood transfusions will be required to consolidate the "moat".
Great Wall's first smart electric car was released! Huawei chip support!
48,000-8 Great Wall's first smart electric car was released! Huawei chips and 4 lidar support, fast charging has a range of 400 kilometers in 10 minutes.
New energy vehicle supply chain operator "Zhaochi Supply Chain" introduced a strategic investment of RMB 3 billion
New energy vehicle supply chain operator "Zhaochi Supply Chain" introduced a strategic investment of RMB 3 billion for Maiwei New Energy and Yiwei Technology. "Zhaochi Supply Chain" is a wholly-owned subsidiary of Zhaochi Co., Ltd. and an innovative automotive contract logistics company focusing on "structural cost reduction" for Party A's customers and the ability to "technology operation" of IoT. In the new era of 5G, Zhaochi Supply Chain adheres to the business model of "fast Internet response + flexible operation in all scenarios" and is committed to developing a new generation of ecological chain products in the automotive field. In order to better focus on the main business,
Teach Co., Ltd. focuses on the development of LED industry chain, smart display, smart home networking and other businesses, it has introduced investors to operate the business of Zhaochi's supply chain through capital increase and share expansion. This time, Zhaochi Supply Chain's capital increase and share expansion is in line with Zhaochi's long-term strategic layout.
semiconductor
The world's first smartphone chip using TSMC 4nm process, why is MediaTek
Economic Observer Network On November 19, MediaTek released a 5GSoC flagship chip " Dimensity 9000", which is the world's first smartphone chip using TSMC 4nm process. is also the first product used by MediaTek to impact the flagship mobile phone market. MediaTek has always been willing to impact the high-end flagship mobile phone market, but the company has never released a chip that can support flagship mobile phones. In the past, domestic mobile phone manufacturers generally equipped with Qualcomm chips on flagship phones and MediaTek chips on mid- and low-end models.
mediatek released its first 5G chip Dimensity 1000 in 2019 and its first 6nm 5G chip in 2020. At the Dimensity 9000 press conference, MediaTek Vice Chairman and CEO Cai Lixing said that the Dimensity 9000 is a flagship 5G chip, which is the result of the company's active and continuous technology investment in the fields of communications, artificial intelligence , multimedia and other years.
Renesas Electronics first launched FPGA chip , aiming at the low-density market
On November 17, Renesas Electronics announced the launch of a product series of field programmable gate arrays (FPGAs) - ForgeFPGA series. This is Renesas Electronics' first FPGA chip to be launched. The product is positioned at the application needs that can quickly and effectively carry out IC design and is cost-sensitive, with ultra-low cost and ultra-low power consumption. The launch of this series also marks Renesas' official entry into the FPGA field. It is understood that the development team of ForgeFPGA product family comes from Dialog, which was acquired by Renesas two months ago. For the medium and low density market.
FPGA is known as a universal chip. As a semi-customized circuit, FPGA not only solves the shortcomings of customized circuits, but also overcomes the shortcomings of the limited number of gate circuits , which is one of the high-end general-purpose chips of integrated circuits . Therefore, the downstream application scenarios of FPGA are very wide and are currently widely used in popular fields such as industrial control, network communication, consumer electronics, data centers, automotive electronics, and artificial intelligence. According to Chi Xiannian, senior consultant at the CSDI Consulting Integrated Circuit Center, the global FPGA market size will be between US$8 billion and US$9 billion in 2020, and is expected to reach a market size of US$12.5 billion by 2025.
Resas Electronics' ForgeFPGA series products released this time mainly serve the medium and low density market for logic gate applications below 5000, and its initial device sizes are 1K and 2K lookup tables (LUT). Ultra-low power consumption is one of the main features of ForgeFPGAs, with only 20μA in standby, which is only about half of the power consumption of competitor products. Its software part can provide two development modes to meet the needs of new and old FPGA developers: that is, using the "macro unit mode" that captures the development process based on schematics, and bringing the "HDL" mode to senior FPGA designers familiar with the Verilog environment.
In addition, ForgeFPGA has certain cost advantages compared with other alternatives, including non-FPGA solutions. It is expected that the unit price of batches will be much lower than US$0.50, and can be used for applications that have been unable to use FPGA due to cost restrictions, such as large-scale consumption and the Internet of Things and other applications.
In this regard, Zhang Binlei, senior analyst at Xinmou Research, pointed out that FPGAs below 5,000 can be used in industries, agriculture and the Internet of Things. Compared with tens of millions of gate-level high-performance FPGAs, the price, power consumption and application difficulty of 5000 gate-level FPGAs are much lower, which helps general IoT enterprises to purchase, develop and develop application scenarios.
intelligent manufacturing
2021 World Intelligent Manufacturing Conference will be held in Nanjing from December 8th to 10th
2021 World Intelligent Manufacturing Conference will be held in Nanjing from December 8th to 10th. The conference is co-organized by Jiangsu Provincial People's Government , Ministry of Industry and Information Technology , Chinese Academy of Engineering , Chinese Association for Science and Technology . With the theme of " Digital Transformation , Intelligent Leadership", it will hold a series of activities such as the opening and closing ceremonies, sub-forums, cloud expos, and the first National Intelligent Manufacturing Innovation Competition through online and offline synchronous methods.
During the conference, a group of well-known domestic and foreign experts, organization leaders, and Fortune 500 companies in the field of intelligent manufacturing will attend the conference and give wonderful speeches. The Ministry of Industry and Information Technology and other relevant ministries and commissions will make authoritative releases around the policy and implementation of intelligent manufacturing; the conference will hold 14 sub-forums and activities on hot topics such as intelligent transformation and digital transformation of the real economy, Yangtze River Delta integration , and intelligent manufacturing to improve the level of inherent safety.
"Development Plan for the Information and Communication Industry in the 14th Five-Year Plan", vigorously develop satellite communications
China Securities Network News (Reporter Yang Jie) On November 16, the Ministry of Industry and Information Technology issued the "Development Plan for the Information and Communication Industry in the 14th Five-Year Plan" (referred to as the "Plan").The "Plan" stated that it will strengthen the top-level design and coordinated layout of satellite communications, and promote the coordinated development of high-orbit satellites and medium-low orbit satellites. Promote the deep integration of satellite communication system and ground information communication system, and initially form an information network covering the world and integrating the world, providing global information network services for all types of users in land, sea, air and space. Actively participate in the formulation of international satellite communication standards. Encourage innovation in satellite communication applications, promote the large-scale application of Beidou satellite navigation system in the field of information and communication, and promote and apply it in the fields of aviation, navigation, public safety, emergency response, transportation and energy.
AI
Ali has illegal acquisition of equity. The State Administration for Market Regulation issued 8 fines in a row
Ali Due to the suspected illegal problems of acquiring equity, such as the failure to declare in accordance with the law, the newly established joint venture company failed to declare in accordance with the law, the State Administration for Market Regulation recently issued 8 fines to it, with a total amount of 4 million yuan.
involves the acquisition of Yongyang Anfeng (Beijing) technology equity case, Gaode Software equity case, Meizu Technology equity case, Chongqing Maoning e-commerce case with Suning , the merger operation case with Marriott International new enterprise, the acquisition of Dasouche Holdings equity case, the acquisition of Bao Technology equity case, the acquisition of Guizhou Yishu Chain Pharmaceutical equity case, and the acquisition of Yijiuyijiu liquor platform equity case.
Energy
National Development and Reform Commission: The price of energy such as coal has dropped by as much as 60%
In response to the sharp rise in coal prices in the early stage, National Development and Reform Commission recently stated that at present, a series of measures to ensure supply and stabilize prices have achieved immediate results. In terms of ensuring supply, relevant departments have vigorously promoted the increase in coal production and supply, accelerated the release of high-quality coal mine production capacity. The national coal output and market supply have continued to increase. The daily coal production dispatched by coal has stabilized at more than 12 million tons, setting a record high. Zhu Xiaohai, deputy director of the Price Monitoring and Regulation Department of the Price Department of the National Development and Reform Commission, said that recently, the prices of coal and other energy sources have dropped sharply, and the futures prices of thermal coal have dropped from about 2,000 yuan per ton in mid-October to about 800 yuan in recent days, a drop of as high as 60%, and the prices of some industrial raw materials have also fallen significantly. (CCTV Finance)
New infrastructure related
US economy is addicted to blood transfusion, 18 months Congress allocated 30% GDP
Forced boosting the economy when the new crown epidemic has not eased, today's American society Strange things happen frequently: Americans consumer confidence index is at the lowest point in 10 years, but they are shopping wildly; corporate recruitment is strong, but workers resign at a record speed; Americans under the epidemic have more salaries than before the epidemic, and local governments have "excessive cash" of funding...
In the final analysis, relying on "blood transfusion type" economic therapy unilaterally with the "over-issuance" of the Federal Reserve and the "spread" of the US government, it can no longer cure the internal injuries of the US economy. Trump and Biden two administrations have injected trillions of dollars into the US economy. In the past 18 months, the total funding of the U.S. Congress has accounted for 30.6% of the total GDP in one year, with some of the funds being issued to the public through checks. According to the latest data from the US official on November 16, more than 90% of the so-called "rising wages" of Americans last year were government funding. US Treasury Secretary Yellen warned on the 16th that the cash in the treasury will not last long after December 3.
New Infrastructure Headlines, insight into new infrastructure trends and share industry trends.
