At the Li-ion Battery Europe 2024 held by SMM in Brussels, Belgium, SMM Senior Consulting Project Manager Zhu Jian shared insights on the topic "Unlocking the Potential of Different Energy Storage Technologies."

According to SMM data, the total production of overseas ternary cathode materials in September 2024 was 28,750 mt, down 10% MoM.

In Western Australia, the first 2,000MWh energy storage system has installed its initial units, marking a significant milestone.

Danish renewable energy giant Ørsted and US utility company Salt River Project (SRP) announced that their 300-megawatt solar plus energy storage project in Pinal County, Arizona, has begun operations.

On October 17, the most-traded lithium carbonate 2411 contract fell by 5.17%.

According to SMM data,In September 2024, the total production of overseas ternary cathode materials was 28,750 mt, down 10% MoM from August. In terms of regional distribution, South Korea accounted for 74%, Japan 20%, and Europe and other regions 6%.

According to SMM's tracking of 1-10kV general industrial and commercial electricity prices, in October, 14 regions nationwide had a maximum peak-valley electricity price spread exceeding 0.7 yuan/kWh. Entering September, as autumn arrived across the country, except for Shandong, Hubei, and Hebei, other regions no longer implemented critical peak period electricity prices. Additionally, Shanghai, Jiangxi, and Shandong began implementing deep valley period electricity prices (Shanghai and Jiangxi are piloting deep valley period electricity prices during major holidays).

In September 2024, China's battery cell production was 126.8 GWh, up 8% MoM, up 48% YoY.

LG Energy Solution (LGES) has signed a major supply agreement with Ford Motor Company to provide 109 GWh of battery modules for Ford’s electric commercial vehicles in Europe, starting in 2026, with production taking place at LGES's Poland plant. In the US, LGES will produce batteries for Ford’s Mustang Mach-E at its Michigan plant from 2025. SMM believes that

In September 2024, the last month of 2024Q3, the overall shipment and price of sodium batteries were relatively mediocre, falling short of previous market expectations. Financing for some enterprises stagnated, affecting the progress of sodium battery projects. Cathode and sodium battery cell enterprises were active, while the anode sector still showed no significant movement.