This week (February 27, 2026–March 5), more players entered the solid-state battery industry, with various parties “riding” the hype: Sunstone Development and TONZE stated that their sulphide projects were still in the early R&D stage; QingTao’s Wuhai 2 billion yuan project released its EIA public notice, and a 3.5 GWh production line in Taizhou commenced operations; Suzuki acquired Kanadevia’s solid-state battery business

Recently, China Construction Decheng announced the bidding results for energy storage projects in Denmark and Spain. The total capacity of these energy storage systems reached 1.12 GW/2.4 GWh, and four suppliers—CRRC Zhuzhou Institute, Envision Energy, Sungrow, and Great Power Energy—successfully won the bids, with the winning prices ranging between 0.8362 and 1.0431 yuan/Wh. The energy storage project covers eight projects in Denmark and Spain, with a procurement scale of 1,116.5 MW/2,427.72 MWh. The total investment amounted to 2.5 billion yuan, which translates to a unit price of approximately 1.0297 yuan/Wh. It is worth mentioning that in October of last year, China Construction Decheng signed cooperation agreements with Denmark's DRSOLAR and NORLA for a 2.5 GWh energy storage project. The project will adopt an LFP battery system and an intelligent energy management system.

[SMM Analysis: Key Anchor in Great Power Rivalry: The U.S. "Project Vault" and the Changing Resource Landscape in Latin America] Amid the current accelerated reshaping of the global resource competition landscape, China's copper concentrate import pattern is undergoing a profound structural transformation. The latest trade data from 2025 clearly outlines this trend: China is significantly enhancing its capacity to acquire copper concentrate resources from neighboring countries.

[SMM Analysis: Key Anchor in Great Power Rivalry: The U.S. "Project Vault" and the Changing Resource Landscape in Latin America] While the second phase of Chinese company's Mirador copper mine in Ecuador remains mired in a 'completed but awaiting approval' deadlock, 10,000 kilometers away in Washington, the President, alongside the Export-Import Bank of the United States, is announcing a historic supply chain security initiative named 'Project Vault.'

[SMM Analysis: The "Key Anchor Point" in Great Power Rivalry: The US "Treasury Plan" and the Resource Reshuffle in Latin America] As the second phase of the Mirador copper mine project in Ecuador, developed by a Chinese enterprise, remains stuck in a "built but awaiting approval" deadlock, ten thousand kilometers away in Washington, the US Export-Import Bank, together with the President, is announcing a historic supply chain security initiative called the "Treasury Plan." In the pause and the start, a global covert battle over critical minerals such as copper, lithium, cobalt, and gallium is moving from behind the scenes to the forefront.

Great Power Energy (300438.SZ) announced that the company plans to invest in the construction of a 587Ah battery and 120Ah battery production project in Yicheng District, Zhumadian City, with a total investment of 1.2 billion yuan.