In Oct., the price of cathode materials showed a weak trend while the price of anode materials showed an upward trend. In Sept. 2024, China's installed capacity of power battery was 54.5 GWh, a YoY increase of 49.6% and a MoM decrease of 15.5%. From Jan.–Sept. 2024, China's total installed capacity of power battery was 346.6 GWh, a cumulative growth of 35.6% over last year.
Major market dynamics
On 29 Oct. local time, the European Commission announced that the anti-subsidy duty will officially come into effect starting from 31 Oct.
On 26 Oct., 2024, Pylon Technologies Co., Ltd. announced postpones its 10GWh Li-ion battery project.
On 26 Oct., 2024, Guangzhou Tinci Materials Technology Co., Ltd. released its financial report for Q3 2024.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.0709 on 8 Oct., 2024, sourced from the People's Bank of China.
All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
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