EXLIPORC NEW ENERGY (SHENZHEN) CO.,LTD

*The Future of Energy Storage: Innovation and Collaboration Drive Sodium-Ion Battery Advancement at Smart City Expo Barcelona It has been very excited to hear from Gina, General Manager of Exliporc New Energy (Shenzhen) Co,. Ltd., at the recent "China-Spain Roundtable on Innovation and Cooperation" at Smart City Expo Barcelona. Gina spoke with passion about the potential of sodium-ion batteries as a sustainable and scalable solution for energy storage. The roundtable, which brought together leading experts from China and Spain, focused on the critical role of innovation and collaboration in building smart, sustainable cities. Exliporc is leading the way in sodium-ion battery research and development in China, and Gina's insights on the challenges and opportunities of this emerging technology were a highlight of the event. Key takeaways from Gina's presentation: The future of energy storage is sodium-ion: The abundance of sodium globally makes sodium-ion batteries a more accessible and cost-effective alternative to traditional lithium-ion batteries, especially critical for the development of smart cities. Collaboration is key: Exliporc is actively collaborating with other Chinese companies to advance research and accelerate the adoption of sodium-ion batteries, showcasing the power of international partnerships in driving innovation. Focus on sustainability: Sodium-ion batteries are a greener solution, playing a critical role in the transition towards a more sustainable energy future, a key element in the development of intelligent urban environments. Exliporc's commitment to innovation and collaboration is inspiring. I am excited to see their continued progress in shaping the future of energy storage and contributing to the development of smarter, more sustainable cities. #EnergyStorage #SodiumIonBatteries #Innovation #Sustainability #China #Exliporc #Shenzhen #SmartCityExpoBarcelona #SmartCities

Exliporc Drives the Future of Energy Storage at Smart City Expo Barcelona with Cutting-Edge Sodium-Ion Battery Technology We're excited to share that Exliporc New Energy (Shenzhen) Co,. Ltd. was at Smart City Expo Barcelona, showcasing our latest advancements in sodium-ion battery technology! Our team at Exliporc is committed to pushing the boundaries of energy storage solutions. At the event, we presented our innovative sodium-ion battery technology, which is poised to revolutionize the industry. Here's why we're so passionate about sodium-ion batteries: Sustainability: Sodium is abundant globally, making sodium-ion batteries a more readily available and sustainable alternative to lithium-ion batteries. Scalability: Sodium-ion batteries offer a scalable and cost-effective solution for a wide range of applications, including electric vehicles, grid storage, and more. Performance: Sodium-ion batteries are making significant strides in terms of performance and durability, making them a strong contender in the energy storage market. We're thrilled to have connected with so many industry professionals at Smart City Expo Barcelona, and we're excited to continue to lead the way in innovation with sodium-ion batteries. #SodiumIonBatteries #EnergyStorage #SmartCities #SmartCityExpoBarcelona #Exliporc #Sustainability #Innovation #BatteryTechnology #FutureofEnergy

Battery Recycling: The Key to Achieving Sustainable Zero-Carbon Goals At the World New Energy Vehicle Congress on September 27, Zeng Yuqun, Chairman of CATL (Contemporary Amperex Technology Co., Ltd.), highlighted the critical importance of battery recycling for sustainable development. While batteries play a crucial role in storing renewable energy and enabling the path to zero carbon, Zeng stressed that sustainability is impossible if the batteries themselves aren't recyclable. He projected that by 2042, half of the world's batteries could be produced using recycled lithium. CATL, a leader in power and energy storage batteries, has made significant strides in battery recycling. The company currently has a capacity to process 270,000 tons of used batteries and aims to expand this to 1 million tons in the future. In 2023, CATL recycled 100,000 tons of used batteries, reprocessing them into 13,000 tons of lithium carbonate. The recycling process achieved a lithium recovery rate of 91% and a nickel-cobalt-manganese recovery rate of 99.6%. GEM Co., Ltd., another major player in the battery recycling industry, shares a similar outlook. In an interview on August 24, GEM's Chairman, Xu Kaihua, predicted that by 2040, recycled materials would account for 60% of nickel, 45% of lithium, and 55% of cobalt used in battery production. Globally, battery recycling is becoming a competitive edge for companies aiming to lead in the electric vehicle market. The European Union recently released draft guidelines to enhance battery recycling efficiency as part of its Battery and Waste Battery Law, which requires that by 2027, the lithium recovery rate must reach 50%, and by 2031, it must increase to 80%. In China, where the adoption of electric vehicles started early, a growing number of batteries are reaching the end of their lifecycle. The Chinese government has encouraged initiatives to replace old batteries with new ones, and anticipates a peak in battery recycling around 2030. The Ministry of Industry and Information Technology (MIIT) has proposed a New Energy Vehicle Power Battery Comprehensive Utilization Management Method, which is expected to be formally implemented in 2024. Despite progress, the battery recycling industry is facing challenges due to the declining price of raw materials. As of September 27, 2024, the price of battery-grade lithium carbonate was reported at 76,500 CNY/ton (~$10,520 USD), making the cost of recycling and reprocessing less competitive compared to direct raw material procurement. #BatteryRecycling #Sustainability #CATL #GreenEnergy #CircularEconomy #RenewableEnergy #ElectricVehicles #ZeroCarbon #LithiumRecycling #CleanTech #GreenInnovation #EnergyStorage #EURegulations #ChinaEnergyTransition #BatteryTechnology #EnvironmentalImpact

Lithium-Ion Battery Prices Drop by 73% Over the Past Decade Over the past ten years, lithium-ion battery prices have fallen by 73%. These batteries operate by collecting current during charging and directing it into the battery. Typically, a graphite anode attracts lithium ions and stores them as a charge. During discharge, the cathode absorbs the stored lithium ions and guides them to another current collector. The battery circuit functions effectively because the anode and cathode are suspended in a medium that facilitates ion flow, preventing direct contact between the two. Currently, the cost breakdown of battery components is as follows: the cathode accounts for 54%, the anode 18%, and other components 28%. The average price of lithium-ion batteries has consistently decreased, dropping from $290 per kWh in 2014 to $103 per kWh in 2023, with an estimated price of $78 per kWh in 2024—marking a 73% decline from 2014 levels. Yearly Global Average Battery Prices (USD/kWh) 2014: $290 2015: $230 2016: $180 2017: $140 2018: $128 2019: $120 2020: $110 2021: $99 2022: $129 2023: $103 2024 (Forecasted): $78 Compared to 2016, the market size for lithium-ion batteries (measured in GWh) has increased by 2000%. By 2040, the demand for batteries is expected to grow ninefold from its current levels. #LithiumIonBatteries #BatteryPrices #CleanEnergy #RenewableEnergy #EVBatteries #EnergyStorage #ElectricVehicles #BatteryTechnology #Sustainability #GreenTech #TechInnovation #FutureEnergy #MarketTrends #Electrification #CarbonReduction

Lithium Carbonate Prices in China Experience Fluctuations Amid Production Cuts and Seasonal Demand According to data from the Lithium Branch of the China Nonferrous Metals Industry Association, the price of domestic lithium carbonate in August 2024 remained below $11,200 USD/ton. On August 30, the price of industrial-grade lithium carbonate was $10,010 USD/ton, representing a month-on-month decline of 10.1% and a year-on-year decrease of 59.3%. Battery-grade lithium carbonate was priced at $10,500 USD/ton, down 8.0% month-on-month and 59.6% year-on-year. In mid-August, lithium carbonate prices stabilized and saw a slight rebound in late August, primarily driven by production cuts on the supply side. Additionally, the increased production plans for cathode materials in September and October, in anticipation of the peak demand season, provided a boost to market demand. The combination of supply and demand factors led to the stabilization and slight rebound in lithium carbonate prices in late August. In the futures market, the price gap between the spot and futures prices widened towards the end of August. On August 30, the closing price of the main lithium carbonate futures contract on the Guangzhou Futures Exchange was $10,948 USD/ton, down 3.6% month-on-month and 65.7% year-on-year, with a smaller month-on-month decline compared to the spot price, resulting in a month-end spot-futures price difference of $931 USD/ton. Regarding supply, the Lithium Branch of the China Nonferrous Metals Industry Association noted that, in August, some companies continued to reduce production or halt production lines due to the low price levels, keeping the overall output stable compared to the previous month. In August, China's lithium salt production was slightly down compared to July. Total lithium salt production, in lithium carbonate equivalent (LCE), was about 92,000 tons, up 0.6% month-on-month. As of September 30, the latest market data from SMM indicated that the price index for battery-grade lithium carbonate was $10,520 USD/ton, an increase of $12 USD/ton compared to the previous trading day. The average price ranged from $10,472 to $10,710 USD/ton, with a slight uptick in price before the National Day holiday. However, purchasing sentiment was relatively low as downstream material manufacturers had already completed their pre-holiday inventory buildup. In the futures market on September 30, the main lithium carbonate contract (lc2411) surged to $11,340 USD/ton during trading before closing at $11,165 USD/ton, up $301 USD/ton from the previous day, marking a 2.7% increase. According to market analysts, while demand for lithium carbonate is supported by the peak season and growth in the electric vehicle and energy storage sectors, the slow rate of inventory reduction and dynamic shifts in supply-demand relationships may prevent significant price increases or declines in the near term. #LithiumCarbonate #BatteryMaterials #LithiumIndustry

BYD is actively advancing the research, development, and industrialization of sodium-ion battery technology, as evidenced by its latest patent applications and strategic production developments. The company's innovations focus primarily on enhancing material performance and designing new battery structures. Key Technological Highlights Three-Phase Composite Sodium Storage Material (FeS)x/(V3S4)y/C: This material utilizes the synergistic effect of FeS, V3S4, and carbon to improve the cycling stability and rate performance of batteries during charge and discharge. Its heterointerface and defect structure significantly enhance the adsorption and migration of sodium ions, resulting in increased conductivity and higher sodium storage capacity. Sodium-Ion Battery Composite Anode Material (Hard Carbon with Co3Se4 Particles): This composite material combines the mechanical strength and conductivity of hard carbon with the high sodium storage capacity of Co3Se4. It demonstrates enhanced cycling stability and electrochemical performance when used in secondary batteries. Compared to single materials, this composite shows higher reversible capacity and better stability. Production and Collaboration Strategy Sodium-Ion Battery Production Facility: BYD, in partnership with Huaihai Holding Group, is establishing the world's largest sodium-ion battery system production base for micro-cars in the Xuzhou Economic Development Zone, with an expected annual capacity of 30 GWh. The project, initiated in 2024, focuses on producing sodium-ion battery cells and related PACK components. Shenzhen Sodium-Ion Battery and Key Material Engineering Research Center: In terms of research and development, BYD has established a dedicated research center to further enhance its technical capabilities in the sodium-ion battery sector and accelerate its commercialization. Technical Collaboration and Market Application BYD's deepening collaboration with Natrium Innovation Energy has accelerated the development and application of sodium-ion batteries. Through partnerships with universities and enterprises, BYD is expanding its technological footprint from material innovation to practical application scenarios. In the light vehicle sector, BYD has prioritized the polyanion technology route, focusing on its high safety features and long cycle life. Overall, BYD's strategic patent portfolio and industrialization efforts in sodium-ion battery technology demonstrate its strong commitment to innovation in the energy storage sector. These technological advancements not only strengthen its competitive edge in the electric vehicle market but also lay a solid foundation for optimizing and applying future energy storage systems. #BYD #SodiumIonBattery #EnergyStorage #BatteryTechnology #ElectricVehicles #Innovation #SustainableEnergy #CleanTech #RenewableEnergy #EVBatteries #FutureEnergy #GreenTech #SustainableMobility

India Imposes Five-Year Anti-Dumping Duty on Anodized Aluminum Frames for Solar Panels from China Recently, the Department of Revenue under India's Ministry of Finance issued Notification No. 16/2024-Customs(ADD), announcing its acceptance of the final anti-dumping duty recommendation made on June 29, 2024, by the Indian Ministry of Commerce and Industry. The decision imposes a five-year anti-dumping duty on anodized aluminum frames for solar panels/modules originating from or imported from China, with a duty range of $403 to $577 per ton. The affected products fall under Indian customs codes 76109010, 76109030, and 76169990. This measure takes effect from the date of its publication in the Official Gazette. The investigation began on June 30, 2023, following a request from Vishakha Metals Private Limited, an Indian domestic company, prompting the Ministry of Commerce and Industry to look into the imports of anodized aluminum frames for solar panels/modules from China. A positive final determination was made on June 29, 2024. #India #AntiDumpingDuty #SolarEnergy #AluminumFrames #RenewableEnergy #TradeRegulations #CleanEnergy #SustainableEnergy #IndiaChinaTrade #SolarPanels #GreenTech #CustomsDuty #EnergyInnovation #ManufacturingIndustry

🌞 Exciting News in Renewable Energy! 🌍 Spanish renewable energy company Grenergy has announced a strategic acquisition of a solar project in northern Chile for approximately $128 million. This move marks a significant expansion of Grenergy's portfolio and underscores the company's commitment to sustainable energy. Key Highlights: Acquisition Details: Grenergy has acquired 100% ownership of a 77 MW solar project from Repsol and Ibereólica, along with additional shares in solar projects totaling 923 MW across various development stages. Oasis de Atacama Project: This acquisition is set to enhance the Oasis de Atacama project, one of the largest energy storage initiatives globally. The expansion will add 1 GW of solar capacity and a minimum of 6 GWh of storage capacity, further solidifying Grenergy’s position in the renewable sector. Environmental Impact: The project is expected to generate around 5.5 TWh of electricity annually, equivalent to the yearly energy consumption of a city like Madrid, and will significantly reduce carbon emissions—saving approximately 1.4 million tons of CO2. Grenergy's CEO, David Ruiz de Andrés, expressed confidence in the project, stating, "This is just the first step; global investment in storage projects will multiply." The first phase of the Oasis de Atacama project is slated to connect to the grid by the end of 2024, with subsequent phases anticipated in 2025-2026. With this acquisition, Grenergy not only reinforces its position in the renewable energy landscape but also showcases the growing momentum for sustainable projects worldwide. 💬 What are your thoughts on the future of renewable energy investments? #RenewableEnergy #SolarPower #Sustainability #Grenergy #Chile

🔋 Transforming the Future of Battery Manufacturing in the U.S.! 🇺🇸 On September 20, the U.S. Department of Energy announced an impressive investment of over $3 billion to support 25 battery manufacturing projects across 14 states. This initiative is part of the Biden-Harris administration’s commitment to bolster domestic production of advanced batteries and materials, aiming to reduce reliance on foreign supply chains, particularly from China. This funding is expected to create more than 8,000 construction jobs and 4,000 operational jobs, paving the way for significant growth in the electric vehicle (EV) sector. With projects focusing on lithium, graphite, manganese, and more, this initiative covers critical areas in the battery supply chain. Key highlights include: Enersys Advanced Systems plans to build a 5 GWh battery factory in South Carolina, supported by nearly $200 million in funding. Forge Battery aims to produce high-performance cylindrical batteries with a projected capacity of 3 GWh in North Carolina. The American Battery Technology Company is set to establish a 100,000-ton lithium-ion battery recycling facility in South Carolina. As we pivot towards a sustainable energy future, these investments not only enhance our manufacturing capabilities but also ensure a secure supply chain that strengthens national security and supports economic growth. 🌍 💬 How do you see these developments impacting the future of energy storage and electric vehicles? #BatteryManufacturing #CleanEnergy #ElectricVehicles #Sustainability #Investment

🌞 Exciting Growth in Global Solar Capacity! 🌍 According to Ember's latest report, the global solar capacity is expected to grow by 593 GW by the end of 2024, a 29% increase from last year! This growth is largely driven by China, which alone is projected to contribute 334 GW, representing 56% of the total new capacity. Remarkably, from January to June 2024, China's installations surpassed its entire 2022 output, marking a 28% year-over-year increase. Other key players like the U.S., India, and Germany are also making significant strides, with India exceeding its 2023 total by May. While solar panel prices may not be a limiting factor, the report emphasizes the need for adequate grid capacity and energy storage solutions to manage this rapid growth effectively. As countries ramp up their solar initiatives, ensuring robust infrastructure will be essential for realizing this potential. 🌱 🔗 What strategies are you considering to harness the benefits of this solar boom? #SolarEnergy #RenewableEnergy #Sustainability #GlobalGrowth