Energy Storage System Daily-Quick Facts
Domestic headlines
Yongsun Lithium Industry started the second phase of 45,000 tons per year lithium salt project
On the morning of April 11, the second phase of the 45,000 tons per year lithium salt project of the Yongsun Lithium Industry was officially started in the Wangcheng Economic Development Zone of Changsha City. With a total investment of 1 billion yuan, the second phase of the project plans to build a new 15,000-ton battery-grade lithium hydroxide production line and a 5,000-ton battery-grade lithium carbonate production line, with an annual capacity of 45,000 tons after completion. The second phase is expected to be put into operation in the first quarter of 2024, and the revenue will exceed 10 billion yuan after it is put into operation.
Overseas headlines
1, the United States and Japan signed a trade agreement on electric vehicle batteries and key materials
Recently, the United States and Japan signed an agreement aimed at strengthening the supply chain of key mineral materials for electric vehicle batteries. U.S. Trade Representative Katherine Tai said the agreement can "simplify trade (of these products), promote free and non-distorting competition, and implement solid social and environmental standards," while promoting the establishment of a "secure, stable and fair supply chain between the United States and Japan ". The trade agreement means that Japanese batteries and electric vehicles could be included in the list of products eligible for subsidies under the U.S. government's Inflation Reduction Act.
2, LG New Energy and China Yahua sign an agreement on a joint venture to produce lithium hydroxide in Morocco
LG New Energy (LGES) said on April 5 that it has signed a business agreement with China's leading lithium compound manufacturer Yahua Group on a joint venture to produce lithium hydroxide in Morocco in order to strengthen the battery supply chain and promote the security of core materials. LG New Energy will ensure high-quality lithium hydroxide based on the existing stable raw material supply chain and through the superior technical strength and synergy of Yahua.
3, the U.S. "Inflation Reduction Act" may affect 48% of Italy's battery production
Analysis by the European NGO Transport and Environment Federation (T&E) points out that 68% of Europe's planned lithium-ion battery production capacity is at risk in the coming years due to the impact of the U.S. Inflation Reduction Act, and 48% of Italy's planned lithium-ion battery production projects are at risk of delay, investment curtailment or even cancellation. symbolic: Its initially envisioned project in Scarmagno near Turin may be delayed or scaled back to support its twin project in California, USA.
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