Recently, Shenzhen Hoypower Technology Co., Ltd. announced the completion of a Series A+ financing round worth hundreds of millions of yuan. Since the mass production of its solid-state batteries, Hoypower's revenue scale has achieved a compound annual growth rate exceeding 100%, with cumulative shipments surpassing 100 million units. Its large-scale delivery capabilities have been highly recognized by leading customers. Hoypower has successfully achieved key technological breakthroughs in solid-state batteries, including silicon-based anode systems with an energy density ≥400Wh/kg and lithium metal anode systems with an energy density ≥500Wh/kg. These advancements can meet the demands of low-altitude economy unmanned aerial vehicles for high safety and long endurance.

[Australia’s Atlantic Lithium Secured Ghanaian Parliamentary Approval to Develop the Ewoyaa Project] Australia’s Atlantic Lithium secured approval from Ghana’s parliament to develop the Ewoyaa project—the country’s first lithium mine—under revised royalty terms linked to market prices. The approved 15-year lease introduced a sliding royalty scale for spodumene concentrates, set at 5% when prices are below $1,500/mt and 12% when they exceed $3,200/mt, replacing Ghana’s previous fixed 10% rate. The new structure followed broader reforms to the lithium and gold royalty framework passed earlier this month, paving the way for the project. The approval formally backed plans for the mine and processing plant, enabling Atlantic Lithium to advance financing discussions and move toward a final investment decision. The project had stalled after lithium prices pulled back from their peak at the end of 2022, prompting the company to push for more flexible fiscal terms. According to the company, Ewoyaa is expected to produce 3.6 million mt of lithium ore concentrates over 12 years, making it Africa’s third-largest lithium project under development. Atlantic Lithium said the project is the only lithium mine development project on the African continent aligned with the US, standing in sharp contrast to other projects backed by Chinese investment. Half of Ewoyaa’s production has been committed to Elevra Lithium, the merged entity of Piedmont Lithium and Sayona Mining, which had previously signed offtake agreements with Tesla and LG Chem. Company executives said details of the work completed in H2 2025 to improve project economics amid continued lithium price fluctuations and help define the next stage of development will be announced soon. Source: https://www.mining [Yahua Group Signed a Five-Year Spodumene Concentrates Procurement Agreement] Yahua Group announced on March 25 that it recently signed an Offtake and Sales Agreement with MGLIT EMPREENDIMENTOS LTDA (“MGLIT” or the “seller”), under which Yahua Group will purchase spodumene concentrates from MGLIT for five years after MGLIT achieves stable production of spodumene concentrates. In each contract year, the seller shall sell and deliver to Yahua Group no less than 120,000 dry metric tons of spodumene concentrates products. The signing of the agreement will provide multi-channel resource security for the company’s production of lithium chemical products. Source: https://www.cls.cn/telegraph [Atacama Salt Lake Expansion Will Drive Chile’s Lithium Production Growth in 2026] Chile is the world’s second-largest lithium producer after Australia. The country’s lithium metal production is expected to rise 10.1% in 2025 to 64,100 mt, mainly supported by higher production from SQM’s Atacama salt lake operations, driven by ongoing capacity expansion. Chile’s lithium production mainly consists of lithium carbonate sourced from brine in the Atacama salt lake in the Antofagasta Region. SQM and Albemarle are the country’s two major lithium producers, underscoring the high concentration of Chile’s lithium production landscape. Looking ahead, as capacity expansion continues to advance, supported by sustained growth in supply from the Atacama salt lake mine, the country’s lithium production is expected to increase by a further 4.9% in 2026 to 67,300 mt. Source: https://www.mining-technology.com/ [Exide Industries Announces Major Investment in Lithium-Ion Battery Cell Manufacturing] Strategic Investment Positioning in the Evolution of India’s Battery Manufacturing Industry Exide Industries’ investment in lithium-ion battery cell manufacturing marks a pivotal moment for India’s battery manufacturing ecosystem. Traditional energy storage enterprises must navigate between the mature lead-acid battery market and emerging opportunities in lithium-ion batteries. The transformation of this industry reflects broader changes in the global energy storage landscape, driven by the electrification trend. The electrification trend demands higher energy density, faster charging capability, and longer cycle life, performance metrics that traditional battery chemistries cannot meet. In addition, the systematic approach to capital deployment in India’s lithium-ion battery cell manufacturing sector reflects a mature investment pace aligned with production milestones and stages of market development. Recent industry developments indicate that established battery manufacturers are using multi-stage financing structures to maximize operational flexibility while minimizing execution risk as much as possible. Source: https://discoveryalert.com.au/

On the 25th at POSCO Center in Seoul, POSCO Future M signed a memorandum of understanding (MOU) with Kumho Petrochemical and BEI for the joint development of anode-free lithium metal battery technology. The anode-free lithium metal battery under development eliminates the use of an anode material, enabling a 30–50% increase in energy density by utilizing the additional space within the battery.

SMM learned that BAIC R&D recently announced the successful development of sodium-ion battery prototypes. The first prismatic battery pack using prismatic battery cells achieved an energy density exceeding 170 Wh/kg, placing it in the industry’s top tier. It also supports 4C ultra-fast charging, enabling recharging in 11 minutes. Its temperature-range adaptability and safety performance are outstanding, with stable operation across an ultra-wide range from -40°C to 60°C, energy retention above 92% at -20°C, and no risk of thermal runaway under extreme scenarios. At present, this sodium-ion battery has completed sample finalization, established mass-production processes for prismatic products, and filed 20 patents around core technologies. BAIC has also leveraged this to complete a full technology roadmap covering lithium batteries, solid-state batteries, and sodium-ion batteries, and has mastered a complete set of core sodium-ion battery technologies.

On March 18, the Chairman of Chery Automobile stated that Chery's solid-state battery pilot production line has developed cells with different energy density levels and is currently conducting extensive rigorous testing. Chery's future investment in all-solid-state batteries will have no upper limit. It is reported that Chery's Rhino Battery S series includes a 60Ah, 400Wh/kg solid-state battery utilizing a sulfide-based solid electrolyte system and high-nickel ternary cathode materials; and a 600Wh/kg solid-state battery using an in-situ polymerization solid electrolyte system and lithium-rich manganese-based cathode materials, achieving a range of over 1500+ km.

This week (March 13, 2026–March 19, 2026), multiple enterprises in the solid-state battery sector were active: Dali Times commenced construction of a 2 GWh specialized semi-solid-state battery base; EVE’s Longquan Phase III/IV all-solid-state batteries rolled off the line in Chengdu; Chery released its 600 Wh/kg Rhino all-solid-state battery technology。