Latest Update in the SMM Lithium-ion Battery Market

In November 2024, Chinese new energy vehicle company Leapmotor saw its monthly deliveries surpass 40,000 units for the first time, reaching 40,169 vehicles, according to its announcement on the first ...

On November 29, BAIC Group officially announced a strategic investment of $70.35 million in autonomous driving company Pony.ai.

On December 1, Chinese new energy vehicle maker Li Auto announced its latest delivery figures, revealing a total of 48,740 vehicles delivered in November 2024.

Chery Holding reported a record-high monthly sales volume of 280,463 vehicles in November 2024, which jumped 32.2% year over year, according to the company's announcement on December 1.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 02, 2024

Last week, energy storage battery cell prices continued to decline.

In October 2024, China's oil-based needle coke imports were 3,942 mt, up 21% MoM, down 51% YoY; China's coal-based needle coke imports were 4,932 mt, down 24% MoM, up 12% YoY.

In November, the average price of 5-series ternary cathode materials (polycrystalline/consumer type) was 95,000 yuan/mt, 6-series ternary cathode materials (monocrystalline/power type) averaged 121,000 yuan/mt, and 8-series ternary cathode materials (polycrystalline/power battery type) averaged 141,000 yuan/mt.