During November 17-20, SMM new energy business director Wang Tian and marketing consultant Yu Lei led SMM staff and members of the delegation to visit lithium battery raw material producers in Hunan in order to seek more in-depth cooperation opportunities. Their first stop was Hunan Kingfuli New Energy Co., Ltd.

China's installed capacity of cobalt-free lithium iron phosphate (LFP) batteries to power electric vehicles jumped 74.1% to 0.9GWh in April from a month ago, showed data from the China Automobile Power Battery Industry Innovation Alliance (CAPBIIA).

Shenzhen-listed Dazhi Technology said Wednesday that it plans to issue no more than 31.68 million new ordinary shares to raise approximately 1.07 billion yuan to build a lithium-ion power battery project in South-central China’s Hunan province.

East China's Jiangsu province will accelerate its investment in new infrastructure projects in 2020, a move aimed at expanding information consumption and supporting the development of 5G networks, local authorities said in a press conference on April 15. 

Demand remained subdued in China’s cobalt market last week while a handful of consumers purchased as required. The market may find some near-term support from the extended national lockdown of South Africa, which will last until end April and aim to curb the COVID-19 pandemic.  

China's installed capacity of batteries to power electric vehicles surged 363.2% in March from the month before to 2.86GWh, showed data from the China Automobile Power Battery Industry Innovation Alliance (CAPBIIA), suggesting the country’s EV sector is recovering from the coronavirus pandemic outbreak.

Eighteen provinces in China including Shandong and Anhui have rolled out plans to construct a total of more than 413,000 5G base stations this year, as China speeds up the investment in new infrastructure to bolster consumption amid the impact of coronavirus outbreak.

This is in response to the central government’s call to build "new infrastructure" projects to counter the economic fallout due to the coronavirus and boost the country's economy in the long term. New infrastructure, different from traditional infrastructure construction such as railways, roads, and airports, can be understood as new public facilities serving the needs of new industrialisation. 

At present, the energy density of LFP battery cells mass-produced by Guoxuan High-Tech has exceeded 190Wh/kg, with the battery system energy density above 140 Wh/kg

Tesla is likely to use lithium iron phosphate (LFP) batteries from CATL in Tesla Model 3 vehicles made at its China plant, which triggered talks about future development of LFP and ternary batteries.