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Today, lithium iron phosphate leader German Nano tumbled 13.11%, and its share price fell nearly 16% from its peak after hitting an all-time high. A piercing Yin line reversed the K line for the previous six trading days, thus setting a new low for nearly seven trading days. On the news side, Ningde Times bought a stake in Hunan Yuneng, a competitor of German Nano, and Longyi Technology plans to acquire lithium iron phosphate-related assets and businesses within the scope of Bertre s consolidated statements, which will lead to a decline in the scarcity of German Nano.