SunSirs: China's October Output of New Energy Vehicles and Automotive Lithium-Ion Batteries Rises 19.3% and 30.4% Respectively

According to Sina Finance, the National Bureau of Statistics reported robust growth in high-tech manufacturing. In October, the value-added output of large-scale high-tech manufacturing enterprises rose by 7.2% year-on-year, continuing to outpace overall industrial growth. Regarding exports, high-tech product exports grew by 7.3% during the first ten months of the year. Modern service industries performed well, with the production indices for information transmission, software, and IT services, as well as leasing and business services, rising 13% and 8.2% year-on-year in October, maintaining relatively rapid growth.

The integration of digital and physical economies advanced steadily. In October, the value-added output of digital product manufacturing above designated size grew by 6.7% year-on-year. From January to October, online retail sales of physical goods increased by 6.3%. Green transformation yielded tangible results. In October, the output of green products such as new energy vehicles and lithium-ion batteries for automobiles rose by 19.3% and 30.4% respectively.

As an integrated internet platform providing benchmark prices, on November 14, the benchmark price of lithium hydroxide (battery grade) on SunSirs was 76,066.67 RMB/ton, an increase of 1.72% compared with the beginning of the month (74,783.33 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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