Recently, Contemporary Amperex Energy Service Technology Ltd. (CAES), CATL's wholly-owned subsidiary, signed a cooperation agreement with Uxin, a leading e-commerce platform for buying and selling use...

CATL, Uxin to co-develop battery swapping solution for used cars

On November 30, FTXT Energy Technology Co., Ltd. (FTXT) signed a memorandum of understanding (MoU) with Synergy Investments LLC (Synergy) on strategic partnership in the field of hydrogen fuel cell co...

FTXT, Synergy ally on fuel cell commercial vehicle business in Middle East

On November 30, FAW-Volkswagen put the all-new Golf family onto market, offering four trim levels priced between 129,900 yuan and 209,900 yuan.

FAW-Volkswagen's new Golf family hits market

On November 29, ZF Automotive Technologies (Shanghai) Co., Ltd., a subsidiary of ZF Group, signed an investment agreement with Shanghai Anting Economic Development Center.

ZF ramps up production capacity of EPS system in China

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Gasgoo Daily: Baidu to launch Apollo Open Platform 10.0 on Dec. 4

AI-Driven Consumer Electronics Upgrade Wave: Promising Market Prospects for Consumer Lithium Batteries

Pan Dangyu, Chairman of Haopeng Technology, believes that whether it is consumer batteries, energy storage batteries, or power batteries, the demand for mid-to-high-end products remains strong. Although consumer products emphasize high energy density and fast charging technology, while energy storage products and power batteries focus more on cost-effectiveness, safety and reliability remain common challenges faced by the battery industry.

AI-Driven Upgrade in Consumer Electronics Fuels Promising Lithium Battery Market Prospects

$1 Billion! GM Plans to Sell Its Stake in US Joint Venture Battery Company to LG Energy Solution

General Motors announced that it has reached a non-binding agreement with LG Energy Solution to sell its stake in the Ultium Cells battery plant in Lansing, Michigan, which is expected to be completed soon.

GM to Sell $1 Billion Stake in Joint Venture Battery Company to LG Energy Solution

[SMM Lithium Carbonate Futures Review: LC2501 Most-Traded Contract Fell by 0.76%] On December 3, the LC2501 most-traded contract for lithium carbonate fell by 0.76%. According to the data, the LC2501 most-traded contract for lithium carbonate opened at 78,750 yuan/mt and closed at 78,000 yuan/mt. The trading volume was 206,936 lots, and the open interest was 230,115 lots, a decrease of 9,319 lots compared to the previous trading day.

SMM Lithium Carbonate Futures: LC2501 Contract Drops 0.76% on December 3

The US Department of Commerce recently announced plans to impose anti-dumping duties of up to approximately 271% on solar products from Southeast Asia, citing sales in the US at prices below production costs. According to the preliminary determination made by the US Department of Commerce after investigation, the proposed anti-dumping duties involve crystalline silicon solar cells and modules imported from Cambodia, Malaysia, Thailand, and Vietnam, with specific rates depending on different companies. The US primarily imports solar cells and modules from these countries, accounting for about 80% of such imports.

US Plans to Impose Anti-Dumping Duties of Up to 271% on Southeast Asian Solar Products

[YOUNGY: Signed Raw Ore Transportation Cooperation Agreement] SMM has learned that YOUNGY announced that its wholly-owned subsidiary, Ganzi Rongda Lithium Co., Ltd., has signed the "Raw Ore Transportation Cooperation Agreement" with the People's Government of Kangding City, Ganzi Prefecture. According to the agreement, Rongda Lithium will carry out a capacity expansion project for ore processing at the original mine site, with an additional capacity of 350,000 mt per year. The agreement takes effect from the date of signing or stamping by both parties and is valid for two years. The signing of the agreement has no significant impact on the company's financial status and operating results for 2024 but has a certain positive impact on subsequent years.

YOUNGY's Subsidiary Signs Raw Ore Transportation Cooperation Agreement with Kangding City Government

[Differences in Power Battery PACK Technologies Among Various Companies? Industry Situation?] In the power battery industry chain, the power battery PACK belongs to the midstream segment. The upstream segment involves processing raw materials into battery cell materials, mainly including cathode, anode, electrolyte, and separator. In the power battery PACK segment, battery cells are integrated, and BMS solutions are designed to package them into battery modules, which are then applied in the downstream NEV industry. The PACK segment accounts for 8-9% of the power battery production cost and is one of the key areas for enterprises to achieve cost reduction. After a period of rapid price decline, the profit margins for manufacturers have been compressed to relatively low levels, and the rate of price decline has significantly slowed down.

Power Battery PACK Technologies: Industry Situation and Cost Reduction Focus

The Ministry of Commerce announced a ban on the export of dual-use items to US military users or for military purposes. In principle, the export of dual-use items related to gallium, germanium, antimony, and superhard materials to the US will not be permitted; for the export of dual-use graphite items to the US, stricter end-user and end-use reviews will be implemented.

Commerce Ministry Bans Dual-Use Exports to US Military

SMM Daily Review: Lithium Carbonate Prices Slightly Decline on December 3

SMM battery-grade lithium carbonate index price is 78,145 yuan/mt, down 142 yuan/mt from the previous working day; battery-grade lithium carbonate is 77,250-79,250 yuan/mt, with an average price of 78,250 yuan/mt, down 150 yuan/mt from the previous working day; industrial-grade lithium carbonate is 74,500-75,500 yuan/mt, with an average price of 75,000 yuan/mt, down 150 yuan/mt from the previous working day. 

Demand side, some downstream material plants are expected to reduce production schedules, and with year-end approaching, destocking sentiment is strong, leading to weaker purchasing sentiment. Supply side, upstream lithium chemical smelters have a strong sentiment to stand firm on quotes as the time for long-term contract negotiations approaches. Overall, actual market transactions are relatively sparse, with traders purchasing high-quality cargo. Considering the trend of future demand changes, lithium carbonate spot prices are expected to show sideways movement with a slight downward space.

SMM Daily: Lithium Carbonate Prices Decline Slightly Amid Weak Demand and Sparse Transactions

[Golden Galaxy: The Company Plans to Increase Capital of Its Subsidiary Jinde Lithium by 391 Million Yuan] Recently, Golden Galaxy announced that to align with industry development trends and meet the company's strategic development needs, it plans to increase the capital of its subsidiary Jiangxi Jinde Lithium New Energy Technology Co., Ltd. by 391 million yuan, of which 221 million yuan will be added to the registered capital, and the remaining 170 million yuan will be added to the capital reserve.

Golden Galaxy Plans to Boost Capital of Subsidiary Jinde Lithium by 391 Million Yuan

Enjie Co., Ltd.: By Year-End, the Company's Wet-Process Separator Capacity Is Expected to Reach Approximately 11 Billion m²

Enjie Co., Ltd. recently stated in an investor relations activity that this year, the company's two main domestic production sites are Hubei Enjie and Jiangsu Enjie, each with 8 production lines already in operation. The first phase of the European Hungary project, with 4 production lines, has also been installed and adjusted, and customers are currently validating it. In summary, by year-end, the company's wet-process separator capacity is expected to reach approximately 11 billion m². In 2025, the main projects will include some production lines at Yuxi Enjie domestically, as well as projects in the US, Malaysia, and the second phase of the Hungary project. The new domestic capacity will be gradually released, while the overseas capacity still needs to be constructed. The company will accelerate the investment and construction of overseas sites as planned to meet the future demand for high-grade separators from global customers.

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