SMM Daily Review: Spot Lithium Carbonate Prices Continued to Decline on March 4

On March 4, Shenzhen Sinexcel Electric Co., Ltd. announced that the Marketing Company of PetroChina Company Limited recently announced the bid-winning results for its charging equipment procurement project. Sinexcel successfully won the bid, leveraging its industry-leading full-scenario charging solutions and mature service capabilities. Since 2023, Sinexcel and PetroChina have jointly deployed over 500 charging stations across nearly 200 cities nationwide, covering diverse application scenarios such as heavy-duty truck recharging, public ultra-fast charging, and highway service areas.

On March 3, Tianhua New Energy disclosed a indicative announcement regarding its plan to issue H-shares and list. To accelerate its international strategic layout, leverage the advantages of international capital markets, build a diversified capital platform, enhance the company's overseas financing capabilities, and further improve its capital strength and overall competitiveness, the company, based on its overall development strategy and operational needs and following thorough research and evaluation, intends to issue overseas-listed shares (H-shares) and apply for listing on the Main Board of The Stock Exchange of Hong Kong Limited.