POSCO Group Signs 25,000-Ton Lithium Supply Deal with SK On

On February 24, Foton Motor disclosed that its collaboratively developed hybrid solid-liquid batteries have achieved mass production and market launch. The company's hybrid solid-liquid battery product sales reached 10,000 units in 2025. All-solid-state batteries are currently in the stage of technology reserve and product development. Additionally, the battery-swapping heavy-duty truck business in collaboration with CATL is progressing as normal.

Recently, battery joint venture ACC has terminated its plans to build super battery plants in Germany and Italy. The decision to suspend the construction of battery plants in Germany and Italy was made due to considerations of shifting from nickel-based battery chemistry to lithium iron phosphate battery technology. The company had previously planned to build three super plants in Europe — in France, Germany, and Italy — with a total investment of approximately 7 billion euros. The goal was to increase ACC's battery production capacity to at least 120 GWh by 2030. However, the projects in Germany and Italy have been on hold since May 2024. With this announcement of termination, only the French battery plant will remain operational.

Recently, the Chongqing Tongnan High-tech Zone Management Committee issued the second public notice for the environmental impact assessment of the "Battery Resource Recycling Project of a company in Chongqing." The project is located on Chuangxin Avenue, Zitong Subdistrict, Tongnan District, Chongqing. It involves constructing one power battery recovery and regeneration production line, including a 5,000 tons/year battery pack dismantling line, one 4,200 tons/year battery cell dismantling line, and one 1,600 tons/year lithium iron phosphate cathode material repair line.