In Jan. 2025, Shenzhen Sunxing Light Alloys Materials Co., Ltd., Zhejiang Yongtai Technology Co., Ltd. and Tonze New Energy Technology Co., Ltd. (Tonze New Energy) released their performance forcasts of 2024. The three LiPF6 companies' forecasts all show losses in 2024. Specifically, Tonze New Energy reported a expected loss of over 3,000% in comparison with 2023.
Major market dynamics
On 10 Jan., 2025, LBM NEW ENERGY (AP) PTE. LTD., a subsidiary of Jiangsu Lopal Tech. Co., Ltd., signed a cooperation agreement with the Ford Motor's subsidiary Blue Oval Battery Park, Michigan.
On 8 Jan., 2025, Guangzhou Tinci Materials Technology Co., Ltd. released its 2024 performance forecast.
On 2 Jan., 2025, the Ministry of Commerce issued a notice soliciting public comments on the adjustment of the "Catalogue of Technologies Prohibited and Restricted from Export in China."
On 2 Jan., 2025, GEM Co., Ltd. convened a board meeting and approved the "Proposal on signing a strategic cooperation memorandum of understanding (MoU) with ECOPRO CO., Ltd. and its subsidiaries to establish a 'nickel resource-precursor-cathode material' industry chain alliance."
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1879 on 2 Jan., 2025, 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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