Renault Scenic E-Tech Wins Korea’s “Imported Car of the Year,” First Non-German Brand to Do So

[SMM Daily Review: February 27 Spot Lithium Carbonate Prices Edged Down] Today, SMM lithium carbonate prices edged down slightly compared with the previous working day. On the futures side, the most-traded contract dipped below 170,000 yuan/mt after opening, then rebounded to around 173,000 yuan/mt and fluctuated rangebound. In the afternoon session, prices edged up and hovered around 176,000 yuan/mt until the close, with open interest increasing by about 6,400 lots from the previous trading day. In terms of actual transactions, offers from upstream lithium chemical plants remained firm, while willingness to sell spot orders weakened compared with the previous day. Downstream material plants showed some recovery in purchase willingness when prices were at relatively low levels, but most remained cautious and adopted a wait-and-see stance. Overall, market inquiries and transactions remained sluggish.

BMW and CATL have signed a memorandum of understanding (MOU) to deepen cooperation, including the joint development of a “battery passport.” According to industry sources on the 26th, the agreement focuses on collaboration in decarbonizing the battery supply chain and facilitating cross-border data transfers.

According to CATL's official WeChat account on the 27th, BMW Group and CATL signed a memorandum of understanding on cooperation in Beijing on February 25. The two parties will engage in in-depth collaboration around cross-border data pilot projects for battery passports and coordinated carbon reduction in the supply chain's carbon footprint.