From January to November 2024, global automobile sales reached 82.01 million units, with NEV sales at 16.07 million units.

Data shows that in the first 11 months, BYD's cumulative sales reached 3.7573 million units, up 40% YoY, while SAIC's cumulative sales were 3.53 million units, down 19.48% YoY.

In December 2024, China's LiPF6 production was down 3% MoM but up 142% YoY.

In December 2024, China's electrolyte production was down 5% MoM, up 124% YoY.

The electric vehicle revolution is gathering unprecedented momentum, driving not just a sea change in the automotive industry but also reordering the global metals market. In the race for cleaner, greener transportation, demand for electric vehicles has soared, creating an urgent need for certain metals critical to EVs and their batteries. With the rising investment in electric vehicle technology and the government's incentives to lower carbon emissions, what are the metals that would stand tall as giants in this high-flying market? The blog covers those metals that are about to witness an unprecedented surge in demand-from lithium and nickel through copper, cobalt, and beyond. In this blog, we also have shown how SMM can provide businesses with the insights and data needed to navigate the transformative era.

Last week, the LFP market price experienced a slight decline, with an overall average decrease of about 110 yuan/mt.

Last week, lithium hydroxide prices increased slightly by 250 yuan/mt WoW.

Last week, the center of spot lithium carbonate transaction prices moved downward.

Last week, lithium ore prices were basically flat WoW.

Last week, power battery cell prices remained stable.