China EV Insight 004

300 million! A new company in Fuyang, Anhui has started a project with an annual production capacity of 2GWh for power and energy storage batteries.

The First Intelligent Lithium-ion Cell Recycling Factory in China Is Located in Zhengzhou Province

Located in Bengbu, Anhui Province, Linyang Energy Plans to Build A Lithium-ion Battery PACK Production Line with An Annual Output of 1.5GWh.

On May 6th, the lithium carbonate market was stable, with the SMM index at 111,583 yuan/ton (~$15,476.14 USD/ton) and futures falling by 0.75% to 112,400 yuan/ton.

FlexGen, an energy storage system integrator, has partnered with IPP Arclight and its subsidiary Infinigen Renewables to deploy a 15MW BESS project in Puerto Rico. On April 18, the two companies announced the project, which will pair 32 megawatts of solar energy with a 15 megawatt battery energy storage system BESS. It will be deployed in Yabucoa, Puerto Rico, an unincorporated overseas territory of the United States in the Caribbean, in conjunction with the YFN Yabucoa Solar Project.

In response to the demands of businesses for stable production, enhanced transparency in industry information, and reduced transaction costs, the SMM Battery-Grade Lithium Carbonate Index was created.

The scale of car ownership is expanding, and the insufficient charging and battery swapping facilities. The development of the charging pile industry is expected to accelerate again.

【Arcadium Lithium Provides 2024 Production Guidance with Significant Increase YoY】

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.

【Samsung SDI Finalizes Plans for Third Factory in Hungary, Second Factory Expected to Complete in September】According to foreign media reports, Samsung SDI has finalized its investment plan to build its third battery factory in Hungary. Sources say the company is expected to spend more than 6 trillion won on overall facility expansion this year, of which over 1 trillion won will be used to build the third factory.