[Lithium Battery: Lithium Battery Dismantling And Comprehensive Utilization Project In Sichuan Disclosed]

Recently, the groundbreaking ceremony for the French Neomat CAM power battery cathode material factory, jointly built by Xiamen Tungsten New Energy Materials Co., Ltd. (XTC) and French group Orano, was held in Dunkirk, marking the official start of full-scale construction. The Neomat CAM factory is located in the Grand Port Maritime de Dunkirk. With a total investment of approximately 500 million euros, it plans to produce 40,000 tons of power battery cathode materials annually and is scheduled to commence production in 2028. Neomat's comprehensive industrial layout will subsequently include core sectors such as precursors and strategic metal material recycling, aiming to build an integrated low-carbon circular industry platform.

According to a report by the Yomiuri Shimbun on June 2, Japan’s Ministry of Economy, Trade and Industry will hold an expert meeting on the same day to discuss and announce a revised version of its “Battery Industry Strategy.” The new strategy is based on a detailed forecast that the global battery market will roughly double from 2025 to 2035, reaching JPY 46 trillion. Accordingly, the Japanese government has set a target to increase the global battery-related revenue of Japanese battery manufacturers to JPY 6 trillion, about three times the current level of less than JPY 2 trillion.

Samsung SDI is converting part of the production lines at StarPlus Energy, its U.S. electric vehicle battery joint venture plant, to produce lithium iron phosphate (LFP) batteries for energy storage systems (ESS). The conversion applies to part of the lines at StarPlus Energy Plant 1. Rather than adding a separate new production line, Samsung SDI is modifying existing high-nickel nickel-cobalt-aluminum (NCA) battery lines to accommodate LFP battery production.