[SMM New Energy] Gotion High-Tech Secures Upstream Supply with Three Lithium Mines in Yichun

This week, ternary cathode precursor prices declined slightly. Raw materials, nickel sulphate prices edged up today, cobalt sulphate prices declined again, and manganese sulphate prices held steady.

[SMM Hydrogen Energy Express] On March 5, Premier Li Qiang delivered the government work report at the Fourth Session of the 14th National People’s Congress, emphasizing that every effort must be made to advance the development of a green, low-carbon economy. Specific measures include: improving relevant policies to promote green, low-carbon development; carrying out actions to improve quality, reduce costs, and cut carbon emissions in key industries, and further advancing the development of zero-carbon industrial parks and factories; establishing a national low-carbon transition fund to actively foster emerging growth drivers such as hydrogen energy and green fuels; implementing strong and effective controls over high energy-consuming and high-emission projects, accelerating the phase-out of outdated capacity, while supporting innovation and application of green, low-carbon technology and equipment; improving the mechanism for managing total resource volumes and the comprehensive conservation system, and strengthening the recycling and utilization of renewable resources.

On March 2, Youngy Group announced that it signed the "Youngy Group Guangzhou Development Zone New Energy Intelligent Manufacturing Base" project on February 24. The project plans a total investment of 12 billion yuan and will encompass three core segments: consumer batteries, power batteries, and energy storage products. The project will address the shortcomings in Guangzhou's battery industry sector and also provide strong support for the development of emerging industries in the region, such as the low-altitude economy and intelligent robotics.