In Dec. 2024, cathode material prices weakly stabilized. In Nov. 2024, China's installed capacity of power battery was 67.2 GWh, a YoY increase of 49.7% and a MoM decrease of 13.5%. From Jan.–Nov. 2024, China's total installed capacity of power battery was 473.0 GWh, a cumulative growth of 39.2% over last year.
Major market dynamics
- On 30 Dec., 2024, Tonze New Energy Technology Co., Ltd. announced that the "30,000 t/a LiPF6" project will be postponed.
- On 18 Dec., 2024, Hunan Yuneng New Energy Battery Material Co., Ltd. announced that it would raise funds not exceeding USD111.32 million to build a production capacity of 320,000 t/a LMFP project.
- In Nov. 2024, the first railway-transported li-ion battery successfully departured in Sichuan Province.
- On 26 Nov., 2024, Shenzhen Capchem Technology Co., Ltd. released an announcement regarding its investment in Jiangxi Shilei Fluorine Material Co., Ltd.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1865 on 3 Dec., 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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