On December 23, 2024, Japanese automakers Honda Motor Co. and Nissan Motor Co. jointly announced that they had signed a memorandum of understanding regarding a merger and would officially commence merger negotiations.

At NIO Day 2024, the highly anticipated NIO ET9 was officially launched, while the high-end compact car Firefly made its brand debut.

On December 17, 2023, Hyundai Mobis, the automotive parts subsidiary of Hyundai Motor Group, announced its readiness to commercialise an innovative battery cell cooling material. This breakthrough is poised to enhance both the charging efficiency and safety of electric vehicles.

[SMM Data: LiPF6 Import and Export Data for November] In November 2024, China's cumulative export volume of LiPF6 reached 1,395 mt, up 16.3% MoM.

Amid the booming global EV market, Europe has undoubtedly become a strategic battleground for Chinese automakers. However, a series of trade and regulatory measures recently introduced by the EU have posed unprecedented challenges for Chinese automakers entering the European market.

Huadian Group has successfully connected the second phase of its Tengger solar project, adding to its 1 GW initiative in Inner Mongolia.

TotalEnergies, collaborating with Magnum Technology Center, a subsidiary of Worldwide Oilfield Machine Group, has launched a 400 KWp solar power system at the Jebel Ali Free Zone in Dubai, emphasizing their commitment to renewable energy.

Norwegian renewables company, Scatec ASA, has achieved financial close on a 60 MW solar project, part of a larger 120 MW complex near Mmadinare, Botswana.

Enel is set to enhance its Dossi pumped hydro storage facility in Bergamo, Italy, with a 4 MW/8 MWh lithium-ion battery energy storage system (BESS), supported by the EU's Innovation Fund.

Sonnedix has raised 3.25 billion euros through two refinancing transactions.