On April 24, Jiangsu Lopal Tech Co., Ltd. released its 2025 annual report. The report shows that the company achieved operating revenue of 8.938 billion yuan in 2025, a year-on-year increase of 16.42%; total profit was -224 million yuan. As of the end of 2025, the company's total assets reached 18.672 billion yuan, a year-on-year increase of 16.30%; net assets attributable to shareholders of the listed company were 2.828 billion yuan, a year-on-year decrease of 10.79%. The company's lithium iron phosphate product shipments rank among the top in the industry. It has established long-term and stable cooperative relationships with major global lithium battery manufacturers such as CATL, LG Energy Solution, REPT BATTERO, EVE Energy, Sunwoda, and ChuNeng New Energy.

As production order fully resumed after the Chinese New Year, the sodium-ion battery industry chain saw a strong recovery in March. Production across the four major segments—cathode, anode, electrolyte, and battery cell—posted substantial growth both YoY and MoM, with industry prosperity rebounding markedly.

In 2026, the correction in lithium carbonate prices drove up lithium battery production costs. Coupled with uncertainties in lithium resources supply, cost pressure across the new energy industry became increasingly prominent. Leveraging the advantages of abundant sodium resources, balanced distribution, and controllable costs, sodium-ion batteries have leapt from being a “backup option” for lithium batteries to a key direction for industry breakthrough...

February 2026 coincided with the Chinese New Year holiday. Affected by holiday factors, production pace across core segments of China’s sodium-ion battery industry generally slowed, showing an “off-season reset” trend. From cathodes, anodes, and electrolyte to battery cells and end-users, production across all segments declined MoM to varying degrees, while YoY still maintained a certain degree of growth resilience.

Despite the relative disadvantages of higher costs and lower performance, sodium-ion batteries have begun to be shipped and applied in the past two years, but the results have fallen short of expectations. Some battery manufacturers that had previously announced sodium-ion battery projects have shifted their focus back to more promising technologies such as lithium batteries and solid-state batteries.

"Look at the current price of lithium carbonate; everyone is busy making money from lithium batteries. Who would still work on sodium-ion batteries?" an insider who previously worked in the sodium battery industry said. In July 2021, CATL launched its first-generation sodium-ion battery, and a hybrid lithium-sodium battery pack also made its debut at the launch event. The brief ten-minute press conference had a significant impact on the industry. In fact, sodium-ion batteries are not a new technology; research on this technology has been ongoing for as long as that on lithium-ion batteries. CATL was not the first company to "take the plunge"; before that, HiNa Battery had already started small-scale production of sodium-ion batteries. However, it can be said that sodium-ion batteries entered the public eye on a large scale starting from this period. In H2 2021, the price of lithium carbonate gradually increased, and by 2022, it soared to 600,000 yuan/mt. Sodium-ion batteries, with their "abundant resources, low cost, and high safety," were highly anticipated. After CATL's sodium-ion battery launch, a large number of sodium-ion battery startups emerged in the industry, and major lithium battery manufacturers also began to engage in sodium-ion battery research. The enthusiasm for sodium-ion batteries in the capital market remained unabated. However, as the price of lithium carbonate plummeted to below 100,000 yuan/mt in 2023, the cost advantages of sodium-ion batteries were quickly diluted. The sodium-ion battery sector, which had attracted attention due to the high price of lithium carbonate, also lost some of its market focus to a certain extent. Sodium-ion batteries have yet to achieve scale, and cost disadvantages limit development. On the surface, sodium-ion batteries have many advantages, such as abundant resources, less susceptibility to fluctuations in the supply of upstream raw materials, good low-temperature performance, and high safety. In reality, the inherent performance of sodium-ion batteries makes it difficult for them to excel in industries requiring high energy density. Over the past two years, sodium-ion batteries have generally been used in areas with lower energy density requirements, such as electric two-wheelers, ESS, and data centers. By the end of June 2024, the first phase of the 100 MW/200 MWh sodium-ion new-type ESS power station science and technology innovation demonstration project in Hubei Province, led by Datang, was completed and put into operation. The sodium-ion cells used in the project were provided by HiNa Battery. This is the first large-capacity sodium-ion ESS power station in China, marking a new stage in the commercial operation of sodium-ion battery ESS. However, there are many material systems for sodium-ion batteries, including layered oxides, polyanions, Prussian blue, and so on. Various systems are being explored, but no definitive technical route has been established. Recently, during a survey at Bonar New Energy, Chairman Shi Jian mentioned that the main reasons for the slower-than-expected industrialization of sodium-ion batteries are twofold: one is the slower-than-expected progress in sodium-ion battery R&D, with three mainstream material systems coexisting; the other is the persistently low price of lithium carbonate, which has affected the large-scale industrialization process of sodium-ion batteries. According to data released by SMM, on April 23, the price of battery-grade lithium carbonate fell to 68,200 to 71,000 yuan/mt, hitting a record low in recent years and approaching the production costs of some companies. The continuous decline in the price of lithium carbonate means that the advantages of sodium-ion batteries are becoming smaller. Since the energy density of sodium-ion batteries is far inferior to that of lithium-ion batteries, this means that under the same volume or weight, sodium-ion batteries store much less energy than lithium-ion batteries. Therefore, under the relative disadvantages of higher costs and lower performance, although sodium-ion batteries have begun to be shipped and applied over the past two years, they have not met expectations. Some battery companies that had announced plans to build sodium-ion battery projects have shifted their focus back to more promising technologies such as lithium-ion and solid-state batteries. Data from the "China Sodium-Ion Battery Industry Development White Paper (2025)" jointly released by EVTank, EVTank Research Institute, and China Battery Industry Research Institute shows that in 2024, China's sodium-ion battery shipments will reach 3.7 Gwh, mainly for ESS, followed by small power applications, with only a small amount used in EVs. In 2024, the shipment of positive electrode materials for sodium-ion batteries will be 9,200 mt, with layered oxide positive electrode materials accounting for over 70%. In 2024, the shipment of negative electrode materials for sodium-ion batteries will be 5,000 mt, with hard carbon being the dominant type. EVTank predicts that by 2030, the actual shipments of sodium-ion batteries in China will reach 109.3 Gwh, accounting for only about 3% of the total lithium-ion battery shipments that year, significantly lower than the 347 Gwh predicted in 2023. "We thought we had found the key to energy freedom, only to discover that the key needs to be reforged," a sodium-ion battery practitioner joked. "Sodium and lithium" are not substitutes but collaborators. Although most companies entered the sodium-ion battery field due to the skyrocketing price of lithium carbonate, the emergence of sodium-ion batteries seems more like a replacement for lead-acid batteries. Compared to lithium-ion batteries, sodium-ion batteries are more like "gap fillers" in the market, complementing the shortcomings of lithium-ion batteries in specific application scenarios rather than replacing them. On April 21, CATL, which ignited the sodium-ion battery market in 2021, unveiled a "new sodium battery" with an energy density of 175 Wh/kg and a breakthrough in all-temperature range technology, covering -40°C to 70°C, declaring that sodium-ion batteries are not dead but are evolving into a new spear aimed at the energy dilemma. At the launch event, CATL Chairman Zeng Yuqun stated, "The breakthrough in the new sodium system is very significant. A long time ago, sodium-ion batteries had issues with energy density, lifespan, safety, and cycle life, but after years of persistence, we finally have some important products to offer. The maturation of the new sodium battery accelerates the arrival of the multi-core era." It is understood that the new sodium battery includes two types of products: the new sodium passenger vehicle power battery and the new 24V heavy truck start-stop integrated battery. The energy density of the new sodium passenger vehicle power battery reaches 175 Wh/kg, the highest globally for sodium-ion batteries, comparable to LFP batteries. It supports a peak charging rate of 5C and a driving range of 500 km. This battery is expected to enter mass production in December 2025. The new 24V heavy truck start-stop integrated battery is designed to replace lead-acid batteries, with a total lifecycle cost 61% lower than lead-acid batteries. It also has the advantages of full-depth discharge, one-button start at -40°C, and the ability to start after being idle for a year. It is planned to enter mass production in June 2025. With the breakthrough in sodium-ion battery performance, the application shortcoming of batteries in extremely cold environments has been addressed. Based on this, CATL launched the Shao Yao dual-core battery, combining the new sodium battery and LFP self-generated anode battery, fully utilizing the low-temperature performance of the new sodium battery. A 75 kWh battery can achieve a 700 km driving range, addressing both low-temperature and long-range needs. A new technology must go through the stages of theory, laboratory, testing, and market entry to become a commercial product. If the launch of CATL's first-generation sodium-ion battery marked the transition of sodium-ion batteries from the laboratory to the commercialization process, then this world's first vehicle-grade, mass-produced "new sodium battery" signifies that sodium-ion batteries are moving from a "niche market" to a "mass market." Besides CATL, on March 28, HiNa Battery held a sodium-ion battery technology launch in Anhui, unveiling the "HiNa Star" sodium-ion battery solution for commercial vehicles. The energy density of the cells used in this solution exceeds 165 Wh/kg, allowing for 100% charging in 20-25 minutes. Combined with the wide-temperature range stable discharge performance from -40°C to 45°C, it effectively reduces battery energy loss and significantly improves the utilization rate, providing reliable support for commercial vehicles around the clock. It is reported that the "HiNa Star" system will complete small-batch testing in Q2 2025 and be promoted in bulk in Q3 2025. Large-scale application will begin in 2026. Additionally, BYD disclosed in its annual report that the company's low-cost, long-life sodium-ion battery achieved a cell capacity of 200 Ah and a cycle performance of over 10,000 cycles, with better safety, power, and high and low-temperature performance compared to lithium-ion batteries. Previously, industry insiders often mentioned that lithium-ion batteries were too cheap, leaving no market for sodium-ion batteries and preventing their large-scale development. The lack of scale further prevented cost reduction, creating a vicious cycle. The new sodium battery launched by CATL this time injects a strong impetus into the sodium-ion battery industry, allowing sodium-ion batteries to avoid direct competition with lithium-ion batteries in terms of energy density and instead open up a new battlefield of "customized scenarios," developing in parallel with lithium-ion batteries and driving the growth of the sodium-ion battery industry chain. According to incomplete statistics from Battery Network, in the sodium-ion battery field, among the 39 new investment projects counted in 2024, 25 have announced investment amounts, with a total investment of 63.45 billion yuan. Among these, 18 projects have investments exceeding 1 billion yuan, and two are in the billions. In Q1 2024, although there were not many sodium-ion battery project investments, some significant projects still landed. EVTank previously estimated that as sodium-ion batteries continue to make technological and performance breakthroughs, coupled with the gradual improvement of the industry chain and the release of scale effects, the cost advantages of sodium-ion batteries will gradually become evident. It is expected that sodium-ion batteries will partially replace lithium-ion and lead-acid batteries in areas such as ESS, electric two (three) wheelers, NEVs, and start-stop systems. Conclusion: Sodium-ion batteries are not just a simple technological iteration but a reconfiguration of the energy logic. On the future energy landscape, sodium-ion batteries will not replace lithium-ion batteries, but they are destined to become key players in "customized scenarios," such as safeguarding the travel of passenger and commercial vehicles in extremely cold regions, serving as a "never-failing" backup power source in data centers, and weaving the safest and lowest-cost network in wind and solar ESS. True energy freedom is not about finding substitutes but creating new demands.

【March 2025 LiPF6 Exports 1,577 mt】According to China Customs data, China's LiPF6 exports in March 2025 reached 1,577 mt, up approximately 6.1% MoM from February but down 28.4% YoY. The cumulative imports of LiPF6 in March were 0 mt. In terms of specific export details, exports to the US were 506 mt, up 17% MoM; exports to Poland were 251 mt, down 49.5% MoM, showing a significant decrease; and exports to Japan were 273 mt, up 65.5% MoM, indicating a notable increase. Overall, foreign lithium battery manufacturers saw a certain increase in raw material procurement volume in March.

SMM Data: LiPF6 Import and Export Data for March 2025. In March 2025, China's cumulative LiPF6 exports reached 1,577 mt, up approximately 6.1% MoM.

Around March 20, the import and export data of cobalt and lithium battery industry chain related products for January-February 2025 were released. The data showed that China's spodumene imports totaled 1.16 million mt in physical weight, equivalent to 95,000 mt LCE. In January-February 2025, China imported 32,450 mt of lithium carbonate, mostly from Chile. SMM integrated the import and export situation of battery materials as follows: Upstream Lithium Concentrate According to customs data, China's spodumene imports totaled 1.16 million mt in physical weight in January-February 2025, equivalent to 95,000 mt LCE. Specifically, lithium ore imports in January were 590,000 mt, with 341,500 mt (58%) from Australia, 101,000 mt (17%) from South Africa, and 54,000 mt (9%) from Zimbabwe. In February, lithium ore imports were 567,000 mt, with 232,000 mt (41%) from Australia, down 32% MoM; 150,000 mt (26%) from South Africa, up 49% MoM; and 97,000 mt (17%) from Zimbabwe, up 80% MoM. Data source: China Customs, SMM processed data based on public information. Note: Customs data may not fully accurately count the actual spodumene concentrate imports for the month, and some data are only reported in the general direction of import volume. [SMM Analysis] China's spodumene imports totaled 1.16 million mt in physical weight in January-February 2025, with spodumene concentrate accounting for about 76%. Returning to the current lithium ore market, on the spodumene side, SMM learned that at the beginning of this week, the spot and futures prices of lithium carbonate showed a significant downward trend due to macro policy impacts. Affected by this, overseas spodumene mines have a clear attitude to stand firm on quotes, with relatively small price reductions and even a tendency to hold prices. Domestic spot traders are mostly in a wait-and-see attitude, and market transactions are relatively sluggish. As of April 8, the spodumene concentrate (CIF China) index was $812/mt, down $32/mt from $844/mt on March 7, a drop of 3.79%. Click to view SMM new energy product spot quotes. On the lepidolite side, demanders' willingness to purchase higher-priced lithium ore has shifted downward, showing a wait-and-see attitude in the market, with overall transactions being mediocre. Lithium Carbonate According to customs data, China imported 32,450 mt of lithium carbonate in January-February 2025. Specifically, 20,197 mt (62%) were imported from Chile and 11,086 mt (34%) from Argentina. China exported 816 mt of lithium carbonate in January-February 2025. Returning to the current lithium carbonate price, SMM spot quotes showed that as of April 8, the average spot price of battery-grade lithium carbonate was 70,800-74,000 yuan/mt, with an average of 72,400 yuan/mt, down 2,650 yuan/mt from 75,050 yuan/mt on March 7, a drop of 3.53%. Click to view SMM new energy product spot quotes. Reviewing the lithium carbonate supply-demand pattern in March, after the traditional off-season in February, both supply and demand for lithium carbonate rebounded significantly in March. With the continuous ramp-up of some lithium carbonate production lines, domestic lithium carbonate production reached a historical high in March, up 23% MoM, approaching the 80,000 mt mark. The surplus pattern of lithium carbonate further intensified, dragging down the spot price of lithium carbonate. Returning to the present, SMM learned that today's macro sentiment dragged down the spot price of lithium carbonate significantly. Market transactions increased slightly but have not yet reached an active level. Downstream material plants are considering future price trends and currently maintain a wait-and-see attitude. Upstream lithium chemical plants still have a firm attitude on quotes, with few transactions. Considering the subsequent supply-demand situation, the significant surplus pattern is difficult to reverse, and the spot price of lithium carbonate is expected to continue to decline. Lithium Hydroxide [China's lithium hydroxide exports hit a new low in January-February 2025, totaling 7,545 mt, with imports totaling 2,380 mt] According to customs data, China exported 7,545 mt of lithium hydroxide in January-February 2025, with 5,064 mt (67%) exported to South Korea and 1,983 mt (26%) to Japan. Imports totaled 2,380 mt, with 1,305 mt (55%) from Australia and 259 mt (11%) from Argentina. Battery Materials LFP According to the latest customs data, China's LFP exports in January 2025 reached a record high of 1,221 mt, up 34% MoM and 916% YoY. In terms of price, the average export price of LFP in December 2024 was $6,088/mt, down $2/mt from December. In January 2025, Guangxi Zhuang Autonomous Region remained the top province for LFP exports - 876 mt, all exported to Vietnam; Jiangsu ranked second - 150 mt, and Anhui ranked third - 131 mt. In terms of export destinations, Vietnam remained the top country, with 876 mt (71.7%) of LFP exported to Vietnam; Taiwan, China ranked second, with 147 mt exported; the US ranked third, with 138.7 mt exported. Other destinations included South Korea and France. Click to view SMM new energy product spot quotes. [SMM Analysis] China's LFP exports surged in January! Ternary Precursor In February 2025, China's ternary precursor exports were 7,773 mt, down 17% MoM and 57% YoY. From March 2024 to February 2025, China's cumulative ternary precursor exports (including NCM, NCA, nickel oxides, and NC) were 162,854 mt, down 34% YoY. In February, overall ternary precursor exports decreased compared to January, with NCM, NCA, and nickel oxides and NC exports weakening to varying degrees. Nickel oxides and NC exports in February were 2,243 mt, down 18% MoM and 64% YoY. NCA exports in February were 0 mt. NCM exports in February were 5,530 mt, down 15% MoM and 52% YoY. [SMM Analysis] Analysis of ternary precursor exports in February. Artificial Graphite In February 2025, China's artificial graphite imports were 4,607 mt, up 440% MoM and 325% YoY. The average import price was 17,933 yuan/mt, down 74% MoM and 77% YoY. Exports were 21,389 mt, down 57% MoM and 50% YoY. The average export price was 16,469 yuan/mt, down 95% MoM and up 33% YoY. In February, imports surged nearly five times. SMM learned that this surge was mainly due to Chinese anode material plants establishing and starting production overseas. Exports were affected by the start of production at overseas plants of Chinese anode material plants and the Chinese New Year holiday. Click to view details. [SMM Analysis] China's artificial graphite imports increased in February. In January 2025, China's artificial graphite imports were 853 mt, up 2% MoM and down 37% YoY. The average import price was 69,510 yuan/mt, up 469% MoM and 2% YoY. On the import side, due to pre-holiday stockpiling by battery cell manufacturers, artificial graphite imports in January increased by 2%. Domestic artificial graphite has advantages in price and specifications, and domestic capacity is relatively sufficient, so battery cell manufacturers still mainly use domestic artificial graphite, leading to a 37% YoY decline in imports in January. On the export side, in January, as the Chinese New Year holiday approached, domestic artificial graphite production decreased. Click to view details. [SMM Analysis] Logistics disruptions led to a decline in artificial graphite exports in January. LiPF6 According to Chinese customs data, China's cumulative LiPF6 exports in January 2025 were 2,430 mt, up 13.5% MoM. In February, cumulative exports were 1,486 mt, down 38.8% MoM. In January, cumulative imports were 0.002 mt, and in February, cumulative imports were 8.134 mt. Overall, foreign lithium battery manufacturers increased raw material procurement in January, and overseas demand for lithium batteries grew slightly. In February, foreign lithium battery product demand was affected by the Chinese New Year holiday, leading to a decline in demand. [SMM Data] LiPF6 import and export data for January-February 2025. Cobalt Cobalt Hydrometallurgy Intermediate Products According to customs data, China's cobalt hydrometallurgy intermediate product imports in February 2025 were approximately 14,800 mt in metal content (converted at 35% grade), down 19.2% MoM and 4.9% YoY. The average import price was $12,629/mt (metal content), down 9% YoY. By country, the DRC remained the main import source, with imports of approximately 14,700 mt in metal content (converted at 35% grade) and an average import price of $12,640/mt (metal content). [SMM Analysis] China's cobalt hydrometallurgy intermediate product imports declined MoM in February. Unwrought Cobalt In February 2025, China's unwrought cobalt imports were approximately 475.1 mt in metal content, down 4.7% MoM and up 111.2% YoY. The average import price was $21,598/mt (metal content). Cumulative imports in January-February 2025 were 973.9 mt in metal content, up 163% YoY. Exports were approximately 452.3 mt in metal content, down 70% MoM and up 54.2% YoY. The average export price was $22,230/mt (metal content). Cumulative exports in January-February 2025 were 1,958.1 mt in metal content, up 19.1% YoY. [SMM Analysis] China's unwrought cobalt imports decreased 4.7% MoM in February 2025.

In 2024, the lithium battery industry faced severe challenges, with many global companies going bankrupt due to debt and market competition pressures, highlighting the high risks and intense competition in the sector. How will the lithium battery industry evolve in 2025? From the perspective of battery installation changes, the demand for lithium batteries in China remains robust. According to statistics, China's power battery installations reached 548.4 GWh in 2024, up 41.5% YoY. Among them, LFP battery installations surged 56.7% YoY, accounting for 74.6% of total installations, reflecting the substitution trend of LFP batteries over ternary batteries. In terms of technological routes, solid-state batteries have become one of the most noteworthy innovations in the lithium battery industry. With higher energy density, better safety performance, and superior low-temperature performance, solid-state batteries are regarded as the next "holy grail" of battery technology. Currently, several leading battery companies such as CATL and BYD have made significant breakthroughs in the field of solid-state batteries and plan to conduct vehicle technology verification in 2025. If solid-state batteries can prove their advancement and reliability in technology verification, their market size is expected to grow substantially. Additionally, at the beginning of the Year of the Snake, robots quickly "broke out of the circle," with giants "rushing" into the robotics track. A series of news about lithium battery manufacturers, represented by CATL, entering the robotics field has become a focal point in the industry. Besides solid-state batteries and humanoid robots, what other industries will become new growth directions for lithium battery demand and scale? SMM Information & Technology Co., Ltd. (referred to as SMM) will launch the All-Solid-State Battery Forward-Looking Technology Forum at the CLNB 2025 New Energy Industry Expo from April 16-18, 2025. Mr. Liu Yanlong, former Secretary General of the China Industrial Association of Power Sources, will be invited as a keynote speaker to deliver a speech on the current development status and market trends of China's lithium-ion battery industry. Keynote Speaker Speech Topic: Current Development Status and Trends of China's Lithium-Ion Battery Industry Liu Yanlong Former Secretary General of the China Industrial Association of Power Sources Liu Yanlong, Senior Engineer at the 18th Research Institute of China Electronics Technology Group Corporation. From December 2005 to December 2022, he served as the Secretary General of the China Industrial Association of Power Sources and the Secretary General of the Organizing Committee of the China International Battery Technology Exchange/Exhibition (CIBF). Since May 2009, he has been the Secretary General of the Chemical and Physical Power Sources Technology Branch of the Chinese Institute of Electronics and the Secretary General of the Battery Professional Committee of the China Electrotechnical Society. Former Secretary General of the China Industrial Association of Power Sources Liu Yanlong Cordially invites you to participate in CLNB 2025 (10th) New Energy Industry Expo All-Solid-State Battery Forward-Looking Technology Forum April 17 [13:30-14:00] New-Type Solid-State Materials - Progress in Ultra-Thin Lithium Strips and Lithium-Magnesium Alloys Speaker: Sichuan Wanbang Shenghui New Energy Technology Co., Ltd. [14:00-14:30] Key Manufacturing Processes and Equipment for Solid-State Batteries Speaker: Du Yixian, Director of the Research Institute, Guangdong Liyuan Heng Intelligent Equipment Co., Ltd. [14:30-15:00] Industrialization Technology and Engineering Challenges of Oxide Solid-State Batteries Speaker: Lin Jiu, General Manager, Zhejiang Fengli New Energy Technology Co., Ltd. [15:00-15:30] All-Solid-State Integrated Line Solutions, Advanced Production Technologies to Accelerate Mass Production of All-Solid-State Batteries Speaker: Luo Yongheng, Chief Engineer of Dry Process Technology, Jiangsu Daojin Intelligent Manufacturing Technology Co., Ltd. [15:30-16:00] Unlocking the Low-Altitude Economy Applications of High-Energy Solid-State Batteries Speaker: Dr. Chen Lin, Chairman, Shenzhen Xinjie Energy Technology Co., Ltd. [16:00-16:30] Current Development Status and Trends of China's Lithium-Ion Battery Industry Speaker: Liu Yanlong, Former Secretary General of the China Industrial Association of Power Sources [16:30-16:50] Prospects of Zirconates as Solid-State Electrolytes Speaker: Dr. Roberto C. Dante, Chief Research Officer and CEO, 2Dto3D S.r.l.s. [16:50-17:20] Analysis of Global Solid-State Battery Competition Landscape and Introduction of Technology Roadmap Speaker: Zhu Jian, Senior Consulting Project Manager, SMM Information & Technology Co., Ltd. More Exciting Summits April 16, 2025 Opening Ceremony & Forum of Academicians and Top-Tier Entrepreneurs Business Package New Energy Industry Forum SMM Sodium-Ion Battery Application Market Development Seminar Invest in Poland·New Energy Strategy Forum SMM New-Type Anode Material Innovation Seminar International Cobalt Association Industry Salon Sub-Forum 1: New Energy Mineral Exploration and Industry Development Forum Gala Dinner & Awards Ceremony April 17, 2025 Sub-Forum 2: Battery Raw Materials Forum Sub-Forum 3: New Energy Battery Materials Forum Sub-Forum 4: Hydrogen Energy Industry Development Forum Business Package Sub-Forum 5: Lithium Battery Recycling Forum Sub-Forum 6: All-Solid-State Battery Forward-Looking Technology Forum Sub-Forum 7: Battery Auxiliary Materials Forum Sub-Forum 8: New Energy PV ESS Forum Sub-Forum 9: 2025 CLNB International Mining Investment and Development Summit Forum April 18, 2025 Overseas Market Forum Low-Altitude Economy Forum Suzhou Virtual Power Plant Ecosystem Forum (3rd Edition) CLNB 2025 New Energy Entire Industry Chain Expo Date: April 16-18, 2025 Venue: Suzhou International Expo Center This Exhibition Centers around the entire new energy industry chain, showcasing power batteries, ESS, raw materials, materials, equipment, mining, and battery recycling, providing you with a one-stop exhibition experience.