In the next 20 years, 50% of new battery production globally will no longer rely on mineral mining. We will also use the battery industry chain as a starting point to further drive a systematic transformation of the energy system towards efficiency, low carbon, and sustainability." Not long ago, Jiang Li, Deputy General Manager and Board Secretary of CATL, outlined the future prospects of the battery circular economy. During the "London Climate Action Week," the Ellen MacArthur Foundation (EMF), an advocate for circular economy, and CATL reached a high degree of consensus on the vision of the "Global Energy Circularity Program" — to promote the comprehensive implementation of the battery circular economy and, at the same time, help new battery production completely break away from its dependence on primary mineral resources.

After the Indonesia Critical Minerals Conference & Expo 2025​​​​​​​, Wu Chenyu, SMM's Nickel Industry Marketing Director, and Enzo, a nickel industry analyst, led a team of international visitors to visit the Indonesia Branch of Guangdong Brunp Recycling Technology Co., Ltd.

[SMM Analysis]As of month-end May 2025, the total inventory of the national passenger vehicle industry reached 3.45 million units, a decrease of 50,000 units MoM but an increase of 160,000 units YoY compared to the same period in 2024. According to the CPCA, the inventory of passenger vehicles for NEV manufacturers rose from 660,000 units in December 2024 to 880,000 units in May 2025. However, from the perspective of the inventory coefficient, the comprehensive inventory coefficient for auto dealers in May 2025 was 1.38, down 2.1% MoM and 4.2% YoY.

[SMM Analysis]Thai Finance Minister Pichai Chunhavajira recently signaled that the Thai government is planning a policy aimed at stimulating the consumer market for automobiles, which involves offering tax incentives to pickup truck owners with vehicles aged between 20 and 25 years for trading in their old vehicles for new ones.

[SMM Analysis] Thai Finance Minister Pichai Chunhavajira recently signaled that the Thai government is planning a policy aimed at stimulating the consumer market for automobiles, which involves offering tax incentives to pickup truck owners with vehicles aged between 20 and 25 years for trading in their old vehicles for new ones.

[SMM Analysis]Recently, CEA has issued new regulations on the safety and power supply of Battery Energy Storage Systems (BESS). These regulations will take effect after being published in the official gazette and cover rules for the installation and operation of BESS assets, including the Battery Management System (BMS) and Power Conversion System (PCS).

[SMM Analysis] CEA has issued new regulations on safety and power supply for battery energy storage systems (BESS). These regulations will take effect after being published in the official gazette, covering rules on the installation and operation of BESS assets, including battery management systems (BMS) and power conversion systems (PCS).

[SMM Analysis]On June 19, 2025, the Solar Energy Corporation of India (SECI) issued a Request for Selection (RfS) document, initiating a competitive tendering process. SECI, a government enterprise under the Ministry of New and Renewable Energy (MNRE) of India, aims to advance the National Solar Mission. Similar to other solar + ESS tenders previously organized by SECI, the successful developers will sign a 25-year Power Purchase Agreement (PPA) with SECI to undertake the projects under a Build-Own-Operate (BOO) model. SECI will subsequently sell the electricity generated by the projects to designated buying entities. The addition of Battery Energy Storage Systems (BESS) to the projects will enable power supply during peak periods.

[SMM Analysis] On June 19, 2025, the Solar Energy Corporation of India (SECI) issued a Request for Selection (RfS) document, initiating a competitive tendering process. SECI, a government enterprise under the Ministry of New and Renewable Energy (MNRE) of India, aims to advance the National Solar Mission. Similar to other solar + ESS tenders organized by SECI in the past, the successful developers will sign a 25-year Power Purchase Agreement (PPA) with SECI to carry out the projects under a Build-Own-Operate (BOO) model. SECI will then sell the electricity generated from the projects to designated off-takers. The addition of Battery Energy Storage Systems (BESS) to the projects will enable power supply during peak periods.