Ameya360:<span style='color:red'>Li-ion</span> Battery Material Prices Drop in January Amid Slowing Growth in Chinese NEV Market
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Ameya360:Li-ion Battery Material Prices Drop in January Amid Slowing Growth in Chinese NEV Market

　　There was an across-the-board decline in prices of upstream (raw) materials for lithium ion (Li-ion) batteries in January as participants in the industry chain in China were focusing on inventory consumption, according to TrendForce. The decline was especially significant for upstream materials related to cathodes, cathode materials, and battery electrolytes.　　The average price of lithium carbonate, which is the most costly among the upstream materials related to cathodes, fell by 12% month-on-month (MoM). Lithium hydroxide also suffered a price drop, but the demand for this material was bolstered by orders from regions outside China. Compared with lithium carbonate, lithium hydroxide experienced a more moderate price slide. Nevertheless, the average prices of battery-grade lithium carbonate and lithium hydroxide both dipped below Rmb500,000 per metric tons. Turning to electrolytes and related upstream materials, the average price of LiPF6 (lithium hexafluorophosphate) fell by 11% MoM for January. This, in turn, caused the average price of electrolytes to drop by 11~15% MoM for the same month.　　TrendForce points out that China initiated the phase-out of its NEV (new energy vehicle) subsidy at the start of 2023. Other regions of the country have introduced other subsidy policies in the hope of stimulating consumption, and the preferential rate for the purchase tax on NEV purchase has been extended to the end of 2023.　　However, a significant portion of Chinese consumers’ demand for new vehicles was expended in 4Q 2022 when the country saw energetic promotional activities that aimed to spur NEV sales. Moving into this first quarter, the Chinese car market has been affected by the low season. On the whole, NEV sales in China has slowed down recently and thereby caused a general decline in prices of upstream materials for Li-ion batteries. On the other hand, the drop in material prices has reduced some of the cost pressure on the manufacturing of Li-ion batteries.　　Regarding price trends of NEV power battery products in China, prices of battery cells on the whole fell by about 1% MoM for January. Various cell types including ternary cells and prismatic LFP (lithium iron phosphate) cells experienced a MoM decline of 1~2%. TrendForce projects that their prices will go down further in February.　　In the market for energy storage battery cells, most products are LFP cells, and their prices fell by 2% MoM for January to reach the average of Rmb0.94 per watt-hour. Also, due to the policy support that the Chinese government has been providing for the development of energy storage technologies, the demand for Li-ion energy storage batteries is expected to rebound slightly going forward. Prices of energy storage battery cells are currently projected to remain mostly flat or drop a bit for 1Q23.　　Lastly, looking at Li-ion battery cells for consumer electronics, the average price of LCO (lithium cobalt oxide) cells in China came to around Rmb9.9 per amp-hour in January. Transactions were low in the market for consumer batteries due to the slumping demand for electronic devices. Furthermore, prices of the upstream materials for LCO cathodes kept sliding.　　Looking ahead, the market for LCO materials is expected to remain weak in the short term, it will witness a further price decline in February.
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Release time：2023-02-17 13:58 reading：1890 Continue reading>>
SolarEdge to Acquire Komam, a provider of <span style='color:red'>Li-ion</span> Cells, Batteries, and Energy Storage Solutions
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SolarEdge to Acquire Komam, a provider of Li-ion Cells, Batteries, and Energy Storage Solutions

SolarEdge Technologies announced today that it has entered into definitive agreements to acquire a major stake in Kokam Co., Ltd. Headquartered in South Korea, Kokam is a provider of Lithium-ion battery cells, batteries and energy storage solutions.Founded in 1989, Kokam has been manufacturing Lithium-ion cells and providing reliable, safe, high-performance battery solutions for the past twenty-nine years. Kokam provides battery solutions for a wide-variety of industries, including ESS (energy storage systems), UPS, electric vehicles (EV), aerospace, marine and more.“The acquisition of Kokam will enable us to grow our offering, adding already proven battery storage to our product portfolio,” said Guy Sella, CEO, Chairman and Founder of SolarEdge. “Our technological innovation combined with Kokam’s world-class team and renowned battery storage solutions, will enable seamless integration with our current solutions, taking us a further step toward making solar installations smarter and more beneficial.”The acquisition of approximately 75% of outstanding equity shares of Kokam reflects an aggregate investment of approximately $88 million, including related transaction expenses. The transaction is subject to customary closing conditions and is expected to close in the coming weeks.Over time, the Company intends to purchase the remaining outstanding equity shares of Kokam that are currently listed on the Korean over the counter exchange through open-market purchases and otherwise, eventually resulting in Kokam becoming a wholly-owned subsidiary of SolarEdge.
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Release time：2018-10-17 00:00 reading：1225 Continue reading>>

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