[Lithium Battery: Wanrun New Energy Adjusts Repurchase Plan For 100,000-Ton Cathode Material Project]

According to a report by the Yomiuri Shimbun on June 2, Japan’s Ministry of Economy, Trade and Industry will hold an expert meeting on the same day to discuss and announce a revised version of its “Battery Industry Strategy.” The new strategy is based on a detailed forecast that the global battery market will roughly double from 2025 to 2035, reaching JPY 46 trillion. Accordingly, the Japanese government has set a target to increase the global battery-related revenue of Japanese battery manufacturers to JPY 6 trillion, about three times the current level of less than JPY 2 trillion.

Samsung SDI is converting part of the production lines at StarPlus Energy, its U.S. electric vehicle battery joint venture plant, to produce lithium iron phosphate (LFP) batteries for energy storage systems (ESS). The conversion applies to part of the lines at StarPlus Energy Plant 1. Rather than adding a separate new production line, Samsung SDI is modifying existing high-nickel nickel-cobalt-aluminum (NCA) battery lines to accommodate LFP battery production.

On the evening of June 1, Tinci Materials issued an announcement stating that Jiujiang Tinci High-Tech Materials Co., Ltd. signed a supplemental procurement cooperation agreement with relevant entities of ChuNeng New Energy. The two parties initially reached a cooperation agreement and signed a production material procurement agreement in July 2025. Under that agreement, Jiujiang Tinci was to supply electrolyte products to the ChuNeng New Energy enterprise system, with an estimated total supply volume of no less than 550,000 tons. This supplemental agreement increases the estimated total supply of electrolyte during the agreement period to no less than 1,010,000 tons. The actual procurement quantity is subject to subsequent purchase orders between the two parties.