SMM renewable energy industry data

European Automotive Battery Company (ACC) has officially announced the suspension of its plans to build battery gigafactories in Italy and Germany. ACC, jointly funded by Stellantis, Mercedes-Benz, and TotalEnergies, was originally expected to enhance the autonomy of the European EV supply chain. However, due to lower-than-expected demand in the EV market, Stellantis recently announced a €22 billion loss and correspondingly scaled back its electrification investments. CEO Antonio Filosa stated that the actual required battery capacity will be significantly lower than initially planned.

Boston Dynamics, the robotics subsidiary of Hyundai Motor Group, announced that its CEO Robert Playter will step down.

The SMM battery-grade lithium carbonate index price was 138,483 yuan/mt. Battery-grade lithium carbonate was priced at 134,000-142,000 yuan/mt, with an average price of 138,000 yuan/mt. Industrial-grade lithium carbonate was priced at 131,000-138,000 yuan/mt, with an average price of 134,500 yuan/mt. Today, the most-traded lithium carbonate futures contract showed a fluctuating upward trend. As logistics gradually halted, downstream material plants had largely completed their stockpiling for February, with most enterprises adopting a wait-and-see attitude and holding low psychological price levels for procurement. Overall, market inquiries and transactions remained sluggish.