Huaxi Securities: Bullish on the high prosperity trend of the lithium battery industry chain.

Huaxi Securities research report indicates that, crossing the relatively slow season of the industry, domestic sales of new energy vehicles in March recovered significantly, achieving rapid growth on a month-on-month basis. With the continuous emergence of new car launches and the advantages of car models, sales are expected to increase, driving the continuous improvement of midstream and upstream production on a month-on-month basis. With the strong demand for energy storage and the increase in the amount of electricity carried by single new energy vehicles, the lithium battery industry chain has entered a new round of expansion cycle, driving the expansion of upstream material demand. Prices will benefit from downstream volume recovery and rise, and all links are expected to achieve a simultaneous increase in volume, price, and profit.