Latest Update in the SMM Coal Market

[Approximately 484 Million Yuan! Enjie Shares Secures Another Large Lithium Battery Separator Order] Ultium Cells LLC will purchase lithium battery separators from Enjie Hungary from January 1, 2025, to December 31, 2025, with a total value not exceeding $66.25 million (approximately 484 million yuan), subject to the specific purchase orders. (Battery Network)

[SMM Silicon-Based PV Morning Meeting Summary] This week, the operating rate of domestic individual producers slightly declined, with the load of individual enterprises in Central China recently reduced. The production schedule for silicon wafers in January is not expected to change significantly, with production increases by first- and second-tier enterprises remaining the most-traded contracts. Silicon wafer production saw a slight increase.

[Committed to Breaking "Cut-Throat" Competition! Tongwei Co., Ltd. and Daqo New Energy Announce Production Cuts] ① Tongwei Co., Ltd.'s subsidiary, Sichuan Yongxiang Co., Ltd., has a high-purity crystalline silicon capacity exceeding 900,000 mt. Daqo New Energy has established two production sites in Shihezi, Xinjiang, and Baotou, Inner Mongolia, forming an annual capacity of 305,000 mt of high-quality, low-energy-consumption, and low-cost high-purity polysilicon. ② Both companies stated their commitment to breaking "cut-throat" competition and promoting the long-term healthy development of the PV industry. (Cailian Press)

【Polysilicon Industry Leaders Announce Production Cuts, Industry Self-Discipline Expected to Drive Price and Profit Recovery】 ① On the evening of December 24, Tongwei Co., Ltd. and Daqo New Energy suddenly announced via their official accounts that, in active response to the spirit of the Central Economic Work Conference and to eliminate "cut-throat" malicious competition, the two polysilicon companies will implement orderly production cuts and controls. ② A research report by Huachuang Securities pointed out that if the subsequent promotion of industry self-discipline agreements proceeds smoothly, the current surplus in supply and demand is expected to ease significantly, driving price and profit recovery. (Caixin Media)

On December 24, 2024, AVATR Technology and CATL signed a supplementary agreement to deepen their strategic partnership.

On December 23, SAIC Motor announced the delivery of its new ocean car carrier, Anji Prestige, constructed by Jiangnan Shipyard (Group) Co., Ltd.

Fujian Nebula Electronic Co., Ltd. (Nebula Electronics) recently signed a commercial agreement with several companies, including Vepco Technologies Inc. (VEPCO), Korea Conformity Laboratories (KCL), I...

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.