Government Work Report Highlights Lithium Battery and New Energy Storage Development

Published: Mar 7, 2024 10:29
Government Work Report First Mentions Lithium Battery, New Energy Storage! On March 5th, Premier Li Keqiang delivered the government work report. Li Keqiang pointed out that in the past year, efforts have been made to stabilize and improve the structure of foreign trade. The export of electric vehicles, lithium batteries, and photovoltaic products, the "new three samples", increased by nearly 30%. The government work report also emphasized the necessity of developing the new energy storage industry, proposing to strengthen the construction of large-scale wind power and photovoltaic bases, as well as transmission channels, and promote the development and utilization of distributed energy, and the development of new energy storage.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Analysis] Silicon-Carbon Sector Sees Frenzied Capacity Expansion, Industry Competition on the Verge of Breaking Out
19 hours ago
[SMM Analysis] Silicon-Carbon Sector Sees Frenzied Capacity Expansion, Industry Competition on the Verge of Breaking Out
Read More
[SMM Analysis] Silicon-Carbon Sector Sees Frenzied Capacity Expansion, Industry Competition on the Verge of Breaking Out
[SMM Analysis] Silicon-Carbon Sector Sees Frenzied Capacity Expansion, Industry Competition on the Verge of Breaking Out
[SMM Analysis: Silicon Carbon Track Undergoes Massive Expansion, Industry Competition on the Verge of Breaking Out] As global demand continued to climb, anode material, as one of the core materials of lithium batteries, saw multiple projects launched in May, with the silicon-based route becoming a key focus of strategic deployment.
19 hours ago
[Lithium Battery: 13 Enterprises Plan To Increase Capital In Sunwoda Power]
23 hours ago
[Lithium Battery: 13 Enterprises Plan To Increase Capital In Sunwoda Power]
Read More
[Lithium Battery: 13 Enterprises Plan To Increase Capital In Sunwoda Power]
[Lithium Battery: 13 Enterprises Plan To Increase Capital In Sunwoda Power]
On May 25, the board of directors of Sunwoda reviewed and approved a proposal regarding the capital increase and share expansion of its subsidiary, Sunwoda Power. It agreed that 13 enterprises—including Gongrong Financial Investment, Yuanzhi Gongrong, Nongyin Investment, Zhongyou Investment, Jinyan Business Management, Deyang Investment Holdings, Regional Synergy Fund, Zhigu Investment, United Winners Laser, Yinghe Technology, Jiaxing Jixin, Yip's Chemical, and Luohu High-Tech Investment—would jointly invest a total of 1.6798 billion yuan to increase the capital of Sunwoda Power. These enterprises will collectively hold 6.30% of Sunwoda Power's shares, while Sunwoda's equity stake in Sunwoda Power will change from 29.00% to 27.18%.
23 hours ago
[SMM Analysis] Q1 2026 Global ESS Shipments: Competitive Landscape Undergoes Fundamental Shifts
May 27, 2026 10:44
[SMM Analysis] Q1 2026 Global ESS Shipments: Competitive Landscape Undergoes Fundamental Shifts
Read More
[SMM Analysis] Q1 2026 Global ESS Shipments: Competitive Landscape Undergoes Fundamental Shifts
[SMM Analysis] Q1 2026 Global ESS Shipments: Competitive Landscape Undergoes Fundamental Shifts
In the first quarter of 2026, global energy storage system shipments reached 100.0 GWh, a 96.5% increase from 50.9 GWh in the same period of 2025, bringing quarterly shipments to an entirely new scale.
May 27, 2026 10:44
Government Work Report First Mentions Lithium Battery, New Energy Stor - Shanghai Metals Market (SMM)