“Pie” or “Trap” - China Electricity Sales Reform - Biweekly 007

Today's lithium carbonate market saw a minor decline with the SMM index at 112,124 yuan/ton (~15,486.74 USD/ton) and futures closing down 0.49%, reflecting subtle market shifts.

Today's lithium carbonate market remained stable with the SMM index at 112,316 yuan/ton (~15,513.26 USD/ton), while futures dropped by 3.06%, reflecting cautious market optimism.

SMM Daily Report: On February 19th, the price of lithium carbonate slightly decreased.

[Promoting the Research and Production of Sodium-ion Batteries through Sino-French Cooperation]

LS's EV parts plant was completed in Mexico to produce EV relays and battery disconnect units to supply the North American. SMM expects...

【SMM Analysis】As the holiday approaches, the electrolyte market has seen light trading and stable prices.

[TianNa Technology's financing is in place, and the production base for negative electrode materials has been completed]

SMM2 News on February 2nd: According to market sources, Tesla, a leading global company in new energy vehicles and energy storage, is planning to purchase production equipment from CATL (Contemporary Amperex Technology Co. Limited) to expand its battery factory in Sparks, Nevada, USA. It is worth noting that Tesla will purchase equipment from CATL, and will bear all the costs of operating and purchasing activities of the entire factory. CATL's employees will only provide technical support such as equipment and production line installation and debugging, and will not be heavily involved in the overall operation of the factory.

[SMM Analysis: AES Gets Regulatory Approval for 200MW, 4hr BESS at Soon-to-Retire Coal Plant in Indiana, US] The Indiana Utility Regulatory Commission (IURC) has approved a proposed large-scale battery storage project being developed by a regional utility subsidiary of AES Corp in the United States.

President Joko of Indonesia is very optimistic that the development of EV batteries will be carried out in accordance with the plan of the Indonesian government. The government is working closely with investors engaged in the battery industry and automobile companies. It is also committed to improving domestic technology to support the EV battery program.