Energy Storage Battery- Industry Combing - Biweekly 005

In April 2024, the average monthly price of 280Ah square lithium iron phosphate storage battery cell was 0.38 yuan/Wh, a decrease of 8% compared to the previous month; the average monthly price of 100Ah square lithium iron phosphate storage battery cell was 0.44 yuan/Wh, a decrease of 2% compared to the previous month.

Progress of Rongbai's overseas Lithium iron manganese phosphate: The construction of the 20,000 mt LMFP in the second phase of the Korean base is being accelerated.

Today's lithium carbonate market remained stable with a slight uptick in the SMM index to 110,762 yuan/ton (~$15,277.52 USD/ton) and futures rising by 1.33%.

On March 13th, lithium carbonate futures rose by 0.38% to 118,800 yuan/ton, with spot prices reaching 111,000 yuan/ton, signaling a market in cautious optimism.

【SMM Cobalt-Lithium Morning Meeting Summary: Lithium Carbonate Prices Rose Overall on Monday. On the supply side, some lithium salt companies were still in the early stages of resuming production after maintenance, resulting in relatively limited supplies available for spot sales beyond long-term contract orders. Some lithium salt companies have intentions for subsequent deliveries, but overall, lithium salt companies continue to sell long-term contract orders while pricing spot orders firmly. Their spot prices continue to rise. However, downstream companies like cathode material producers have given feedback that due to the recent continuous increase in lithium carbonate prices, while the pricing transmission of their products lags behind the lithium carbonate price hikes, the current pricing transmission situation makes it difficult to fully pass on the increased raw material costs to downstream customers, gradually squeezing production profits...】

【Hive Energy Thailand Battery Plant Put Into Production, Will Deliver Over 20,000 Sets of PACK Battery Packs This Year】On February 28, Hive Energy Thailand plant was officially put into production, with products starting to be delivered in batches, which will soon be equipped on various new energy vehicle models under Great Wall Motors and EXEED in the Thailand market.

SMM Analysis presents a detailed cost breakdown of 280Ah lithium iron phosphate energy storage cells, showing a stable cost trend and an industry shift towards higher capacity 300Ah+ cells for cost efficiency.

[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...

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