With Gasgoo Daily, we will offer daily important automotive news in China.

Gasgoo Daily: YANGWANG U7 set to hit market in late March

On March 21, Geely Auto Group officially launched the Coolray SUV in Vietnam, marking a key step in its expansion within the ASEAN market.

Geely Auto Group launches Coolray SUV model in Vietnamese market

On March 21, Tesla's Shanghai Megafactory completed its first export shipment of Megapack energy storage systems, with the initial batch destined for Australia.

Tesla's Shanghai Megafactory exports first batch of Megapacks to Australia

Today, DCE Iron ore futures fluctuated downward throughout the day. The most-traded I2505 contract closed at 779.5, with a daily gain of 2.43%. Traders showed moderate enthusiasm for selling; steel mills were cautious and observant, with some mills experiencing moderate sales of finished products and actively restocking; market transaction sentiment was average.

MMi Daily Iron Ore Report (March 24)

[SMM Stainless Steel Spot Daily Review: Stainless Steel Maintenance Triggers Price Fluctuations, Weak Outlook] On March 24, the SMM survey showed that overall stainless steel spot prices experienced minor fluctuations. A major plant's safety maintenance pushed up 200-series stainless steel prices, while 300-series cold-rolled 304 stainless steel prices remained stable with a downward trend, and the market trading atmosphere was sluggish.

Stainless Steel Maintenance Triggers Price Fluctuations Future Outlook Weak [SMM Stainless Steel Spot Daily Review]

[Xinjiang Bets on Establishing a Silicon Carbon Anode Industrial Park] Recently, the Huyanghe Economic and Technological Development Zone in Xinjiang and Hangzhou Jinjiang Group held discussions, planning to establish a silicon carbon anode material industrial park in the Huyanghe Economic and Technological Development Zone. The focus will be on developing the silicon carbon anode material industry, further promoting the expansion and upgrading of the new materials industry chain. Upon full completion of the project, it will have an annual production capacity of 150,000 mt of granular polysilicon and over 200,000 mt of silane gas, aiming to become the largest multidimensional new energy, semiconductor, and ESS material production site in the Xinjiang region. The first phase, with an annual output of 30,000 mt of silane gas and a pilot line for granular polysilicon, is expected to be completed and put into operation next year.

Xinjiang Plans Silicon Carbon Anode Industrial Park with Hangzhou Jinjiang Group

Lucky Film: Battery Separator Patent Will Effectively Improve Ionic Conductivity and Cycling Performance of Lithium Metal Batteries

Information from the National Intellectual Property Administration shows that Lucky Film Co., Ltd. applied for a patent titled "Battery Separator and Its Preparation Method." This battery separator can effectively improve ionic conductivity and the cycling performance of lithium metal batteries.

Lucky Film Applies for Patent to Enhance Lithium Battery Performance

[Ruitai New Energy Materials Lays Out Plans for Solid-State Batteries/Lithium-Sulfur Batteries/Sodium-Ion Batteries] SMM learned that on March 22, Ruitai New Energy Materials responded to investors on an interactive platform, stating that it has continuously conducted R&D and accumulated experience in new-type battery materials. The company has made corresponding arrangements in the areas of solid-state batteries, lithium-sulfur batteries, and sodium-ion batteries. The company collaborates with multiple domestic and overseas enterprises related to solid-state lithium-ion batteries, and its produced lithium bis(trifluoromethanesulfonyl)imide (LiTFSI) has been used in batches for solid-state lithium-ion batteries and other new-type batteries. Currently, the sales revenue from the company's solid-state battery electrolyte materials accounts for a relatively small proportion, and solid-state batteries still need development in terms of technology, product, and commercial routes. Investors are advised to be aware of investment risks.

Ruitai New Energy Materials Unveils R&D Plans for Solid-State, Lithium-Sulfur, and Sodium-Ion Batteries

[Lopal Expands into Lithium Battery Recycling Business] SMM learned that during an investor relations activity, Lopal revealed it can extract lithium carbonate, iron phosphate, nickel sulphate, cobalt sulphate, and manganese sulphate from used batteries through its newly acquired battery dismantling company, Shandong Meiduo. These products can be directly utilized by Lopal's subsidiaries, Changzhou Liyuan and Sanjin Lithium, achieving internal production and sales synergy.

Additionally, Lopal can produce high-performance LFP cathode materials using a short-process pyrometallurgy regeneration technology, which performs comparably to new LFP materials while reducing the production cost of LFP cathode materials. Furthermore, Lopal can obtain battery-grade lithium carbonate that meets technical requirements and qualified iron phosphate materials through hydrometallurgy recycling and iron slag recovery. Lopal plans to establish a comprehensive recycling system integrating grinding mills, battery manufacturers, battery cell manufacturers, vehicle manufacturers, and end-user recycling points to ensure a stable supply of raw materials. By establishing close cooperative relationships with all parties, Lopal ensures a steady supply of used batteries, thereby guaranteeing the continuity of its production.

Lopal Ventures into Lithium Battery Recycling, Unveils Integrated Recycling System

[Zhongnengjian 6GWh Battery Cell Frame Procurement Announcement: Average Price of 0.5C and 0.25C is 0.276 Yuan/Wh! Average Price of 1C is 0.32 Yuan/Wh!] SMM News: Zhongnengjian ESS 6GWh battery cell frame procurement bid announcement, with eight companies including EVE Power, REPT Battero, Sunwoda Power, CALB, CORNEX New Energy, Ganfeng LiEnergy, AESC, and Desay Battery shortlisted. Among them, Sunwoda and CALB each won bids in two sections, becoming the big winners of this procurement.

According to SMM, in December 2024, Zhongnengjian ESS Technology (Wuhan) Co., Ltd. released the 2025 annual project production battery cell frame procurement. Section 1 procured 5GWh prismatic batteries with C-rates of 0.5C and 0.25C, requiring a cell specification of 207*174*72mm. Section 2 procured 1GWh prismatic batteries with a C-rate of 1C, with no size restrictions.

Zhongnengjian Announces 6GWh Battery Cell Frame Procurement with Average Prices Disclosed

[Ruitai New Energy Materials Lays Out Plans for Solid-State Batteries/Lithium-Sulfur Batteries/Sodium-Ion Batteries] SMM learned that on March 22, Ruitai New Energy Materials responded to investors on an interactive platform, stating that it has continuously conducted R&D and accumulated knowledge in new-type battery materials. The company has made corresponding arrangements in the areas of solid-state batteries, lithium-sulfur batteries, and sodium-ion batteries. The company collaborates with multiple domestic and overseas enterprises related to solid-state lithium-ion batteries, and its produced lithium bis(trifluoromethanesulfonyl)imide (LiTFSI) has been used in batches for solid-state lithium-ion batteries and other new-type batteries. Currently, the sales revenue from the company's solid-state battery electrolyte materials accounts for a relatively small proportion, and solid-state batteries still need development in terms of technology, product, and commercial routes. Investors are advised to be aware of investment risks.

Ruitai New Energy Materials Unveils Development Plans for Solid-State, Lithium-Sulfur, and Sodium-Ion Batteries

[Can Energy 6GWh Battery Cell Frame Procurement Announcement: 0.5C and 0.25C Average Price 0.276 Yuan/Wh! 1C Average Price 0.32 Yuan/Wh!] SMM News: Can Energy Storage announced the winning bidders for its 6GWh battery cell frame procurement, with eight companies including EVE Power, REPT Battero, Sunwoda Power, CALB, CORNEX New Energy, Ganfeng LiEnergy, AESC, and Desay Battery making the list. Among them, Sunwoda and CALB each won bids in two sections, becoming the big winners of this procurement.

According to SMM, in December 2024, Can Energy Storage Technology (Wuhan) Co., Ltd. released the 2025 annual project production battery cell frame procurement. Package 1 involved the purchase of 5GWh prismatic batteries with C-rates of 0.5C and 0.25C, requiring a cell specification of 207*174*72mm. Package 2 included the procurement of 1GWh prismatic batteries with a C-rate of 1C, with no specific size requirements.

Can Energy Announces 6GWh Battery Cell Frame Procurement Winners with Average Prices

On March 24, Dajin Heavy Industry Co., Ltd. released an announcement titled "Regarding the Signing of a Monopile Foundation Manufacturing, Supply, and Transportation Contract for an Offshore Wind Farm in Europe."

The announcement disclosed that recently, Penglai Dajin Offshore Heavy Industry Co., Ltd., a wholly-owned subsidiary of Dajin Heavy Industry, signed a "Monopile Foundation Manufacturing, Supply, and Transportation Contract" with a European energy company. Penglai Dajin will provide super-large monopile products for an offshore wind power project in Europe. The total contract amount is approximately $135 million (equivalent to about 986 million yuan), accounting for approximately 22.80% of the company's audited operating revenue in 2023.

Dajin Heavy Industry Signs $135 Million Monopile Contract for European Offshore Wind Farm

EVE Launches New All-Tab Cylindrical Batteries and Comprehensive C-Rate Cylindrical Battery Solutions
EVE launched two new all-tab cylindrical batteries, the 18650 30PL and 21700 50PL, and introduced a comprehensive solution for C-rate cylindrical batteries. Based on the all-tab technology system, EVE achieved a 100% increase in power, a 60% improvement in cycle life, a 60% reduction in internal resistance, and a 60% decrease in temperature rise through three-dimensional innovation in "materials-structure-process". The newly released 18650 30PL and 21700 50PL models offer enhancements across six dimensions: high power, low temperature rise, long driving range, ultra-fast charging, long cycle life, and high reliability.

EVE Unveils All-Tab Cylindrical Batteries & Comprehensive C-Rate Solutions

Recently, the first information disclosure of the environmental impact assessment for CNGR's sodium-ion battery materials production line renovation and expansion project was released. This project involves both renovation, expansion, and changes. The changes include: reducing the annual production capacity of 6,228 tons of sodium-ion battery precursor to 3,114 tons per year, and simultaneously reducing the annual processing capacity of 1,000 tons of sodium-ion battery cathode material precursor return solution line to 500 tons per year.
The expansion and renovation content includes: adding a new annual production line with a capacity of 4,000 tons of sodium-ion battery polyanion precursors in the existing No. 3 sodium-ion workshop, expanding the No. 3 sodium-ion workshop, and constructing a new annual production line with a capacity of 1,500 tons of sodium-ion battery polyanion cathode materials in the expanded part. The annual production line for self-use ammonia water at 70,000 tons and other public auxiliary and environmental protection facilities remain unchanged.

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