SMM7 March 23 Battery Market Newsletter

Tesla announced that it has produced one million units of 4680 batteries at its pilot plant in California, USA.

CATARC Co. recently released the "2021 Energy-saving and New Energy Vehicle Development Report."

The new production capacity of lithium resources will be put into operation intensively after 2022-2023, and the production may be lower than expected. It is expected that there will still be a supply shortage of 24,000 mt LCE in 2022.

Tesla unveiled its 4680 battery during its Battery Day in September 2020, which is a cylindrical battery with a diameter of 46mm and a height of 80mm.

The demand for various materials of lithium batteries has increased significantly. As the growth of supply is more slowly than the demand, the raw material prices all increased.

Shengtun Mining stated that the company does not supply nickel ore to other companies. The products offered by the company’s Indonesian nickel project are ferronickel. The company will further expand battery material projects, including high nickel matte, nickel sulphate, and nickel powder.

The lithium-ion battery market this year saw intensified competition among industry leaders amid further investment and consolidations.

SMM learned that in recent two months the aluminium battery case performs weak.

Hydrogen-power fuel cell technology is becoming an important direction of global energy technological revolution.

Nuode Stocks issued announcement in night of Sept. 27th, saying the company plan to provide less than 230 million shares as non-public placement, fundraising less than 2 billon yuan.