[SMM Steel] Tata Steel has signed a Memorandum of Understanding (MoU) with the University of Science and Technology Beijing (USTB) to co-develop scalable low-carbon steelmaking technologies. The collaboration focuses on four strategic areas: scrap-based steelmaking, steel waste valorization, carbon capture and utilization (CCUS), and end-product performance. By leveraging USTB’s pilot-scale facilities and Tata Steel’s engineering strengths, the partnership aims to accelerate the transition of sustainable metallurgical research into practical industrial applications.

According to a report from MiningNews.net, Iltani Resources announced the first resource estimate for its Orient silver-indium project in Queensland. Based on a silver equivalent grade of 60 g/t, the Orient West deposit has an inferred ore resource of 21.6 million mt, with a silver equivalent grade of 100.5 g/t, equating to 18.7 million ounces of silver equivalent. The company stated that 56% of the first resource estimate falls within the "inferred" category. If the cut-off grade is reduced to 30 g/t, the resource estimate increases to 27 million ounces, with a grade of 73.9 g/t. The choice of cut-off grade will depend on the overall price levels over the past few years. Silver prices have shown strong performance over the past year, currently trading at $37/ounce, $10 higher than the price in July 2024. During the same period, indium prices have risen by 23%, currently trading at approximately $711/kg. Silver has a wide range of industrial applications, while indium is used in several modern technologies. The Orient West deposit has been drilled over a strike length of 1,050 meters, with an average drilling depth of 200 meters. The mineralization system remains open to the north-west, extending 1,200 meters in that direction. There is also potential for an additional 25-30 million mt of ore resources to be delineated at Orient West, with an average grade of 53-64 g/t. Previously, the total exploration target for the Orient East and Orient West deposits was 32-42 million mt of ore, with a grade of 110-124 g/t and a cut-off grade of 80 g/t. The first resource estimate for Orient East will be announced in September. Despite the limited exploration conducted so far, the Orient project is said to have become the largest known silver-indium deposit in Australia. The company stated that its next focus will be on completing infill drilling at Orient East and, if possible, regional target drilling. Orient East remains open to the north, south, and west, and is likely connected to Orient West. Although the initial focus has been on silver-indium, the company's model suggests that zinc lies beneath the current resource estimate, potentially transitioning further down to copper and/or tin.

[SMM Titanium News] Titanium's strategic importance surges with unique properties vital for aerospace (primary demand), medical implants & industrial applications. Recovery in aviation and rising defense budgets drive alloy demand, while TiO₂ ensures stable cash flow in pigments. Geopolitics accelerates supply chain diversification as Western nations seek alternatives to Chinese/Russian sponge titanium.

On June 11, Jiangsu Trina Green Hydrogen Technology Co., Ltd. ("Trina Green Hydrogen" for short) and the Shandong Hydrogen Valley New Energy Technology Research Institute ("Hydrogen Research Institute" for short) officially signed a strategic cooperation framework agreement. Dr. Bian Tiezheng, Vice President of Trina Green Hydrogen, and Zhang Zhen, President of the Hydrogen Research Institute, jointly attended the signing ceremony. Based on their shared mission of promoting the "dual carbon" goals and developing a green economy, the two parties have established a strategic partnership. They will focus on deepening cooperation in areas such as green hydrogen demonstration projects and the promotion of electrolysis-based hydrogen production equipment, jointly facilitating the implementation of integrated green hydrogen, ammonia, and methanol projects. Currently, achieving the goals of "carbon peaking and carbon neutrality" has become a major national strategic decision, and developing a clean energy system centered around green hydrogen is one of the key pathways to achieving this goal. Green hydrogen and its derivatives (such as green ammonia and green methanol) demonstrate significant potential in industrial decarbonization, transportation fuel substitution, and energy storage. The strategic collaboration between Trina Green Hydrogen and the Hydrogen Research Institute is an important initiative for both parties to actively respond to the national strategic call, committed to promoting the implementation of integrated green hydrogen, ammonia, and methanol projects and developing a green economy. This cooperation brings together the core strengths of both parties in the hydrogen energy industry chain, forming a powerful synergy. Trina Green Hydrogen specializes in equipment manufacturing and solution provision centered around alkaline electrolysis-based hydrogen production technology, possessing advanced R&D capabilities, mature industrialisation experience, and a service system covering the entire life cycle of equipment. The Hydrogen Research Institute, as a provincial-level new-type R&D institution approved by the Shandong Provincial Department of Industry and Information Technology and registered with the Department of Science and Technology, boasts profound government-enterprise resources, an extensive domestic and overseas hydrogen energy business network, and efficient market promotion advantages. The leading hydrogen energy IP "Zhenyi Talks Hydrogen Energy" and its matrix platform, founded by Ms. Zhang Zhen, President of the Hydrogen Research Institute, will also provide strong support for brand communication and influence enhancement of the collaborative projects between the two parties. This cooperation will fully integrate the Hydrogen Research Institute's advantages in government-enterprise resources and domestic and overseas business expansion with Trina Green Hydrogen's strengths in product technology, transformation of scientific research achievements, and industrial applications. Through resource sharing and complementary advantages, both parties will jointly promote the extension and development of product promotion and services. The strategic cooperation between Trina Green Hydrogen and the Shandong Hydrogen Valley Research Institute represents the advantageous integration of a technological pioneer and an industrial platform. Taking this signing as an opportunity, both parties will fully leverage their respective strengths to jointly accelerate the industrialisation process and large-scale application of green hydrogen and integrated green hydrogen, ammonia, and methanol technologies, contributing professional expertise and innovative solutions to the construction of a clean, low-carbon, safe, and efficient modern energy system and the realization of the national "dual carbon" strategic goals.

Recently, Vallourec, a global leader in premium seamless tubular solutions, announced that its vertical gaseous hydrogen energy storage solution, Delphy, has officially passed DNV verification. As a globally pioneering solution, Delphy can store hydrogen ranging from 1 to 100 mt under the highest safety standards. This vertical system can extend up to 100 meters underground, occupying minimal land area, and is capable of meeting the challenges of complex and demanding industrial environments. Its target customers include green hydrogen producers, as well as industrial enterprises such as synthetic fuel (e-SAF, e-methanol) producers, green ammonia producers, steel companies, and refineries. The Delphy solution stems from Vallourec's long-term professional expertise and technological accumulation. Based on practically verified tubular and connection technologies, it exhibits excellent sealing and corrosion resistance. The project was initiated in 2022, bringing together approximately 30 researchers and experts, with particular emphasis placed on high-precision rebar processing, heat treatment, and non-destructive detection. In December 2023, the demonstration project for this solution was completed. Subsequently, Vallourec conducted a rigorous development, testing, and verification process for its hydrogen storage technology, ultimately leading to the successful verification of Delphy in recent days. This conformity statement issued by authoritative experts fully ensures the safety and reliability of the solution, marking a crucial milestone towards its commercialization. With the endorsement of authoritative verification, Vallourec has signed two Memoranda of Understanding (MoUs) with customers: one with H2V for green hydrogen production and utilization projects, and another with NextChem Tech for advancing green hydrogen and green ammonia projects. Currently, approximately 50 projects are under negotiation in France and globally, with potential revenue reaching around 2 billion euros. This verification result comes at a time when the demand for energy storage infrastructure is expected to grow—driven by the intermittent and flexible nature of green hydrogen production. The market demand for Delphy's energy storage solution will be propelled by both European regulations (requiring energy storage solutions to be paired with renewable electricity production) and France's hydrogen strategy (encouraging green hydrogen producers to operate flexibly to contribute to power grid stability). Philippe Guillemot, Chairman and CEO of Vallourec Group, stated: "The successful verification of Delphy underscores Vallourec's ability to transform industrial and technological expertise into new energy solutions. Thanks to the outstanding performance of our team, we have been able to launch this unique solution to address the challenges of global hydrogen energy development. This crucial milestone also solidifies our position in the hydrogen energy market and our leadership role in supporting the global decarbonization process." Santiago Blanco, Executive Vice President and Regional Director for Southern Europe at DNV Energy Systems, commented, "DNV is honored to provide validation services for Vallourec's Delphy hydrogen storage solution - a significant milestone in the field of safe and scalable hydrogen infrastructure. According to our Energy Transition Outlook model, the global demand for hydrogen is projected to reach 188 million mt per year by 2050. Flexible energy storage solutions like Delphy are crucial for bridging the gap between renewable energy supply and industrial demand. As hydrogen energy enables decarbonization in industries that are difficult to electrify, independent technical testing and validation will be key to accelerating deployment and building market confidence." About Vallourec Vallourec is a global leader in premium seamless tube solutions for the energy market and demanding industrial applications, with products spanning oil and gas wells in harsh environments, next-generation power plants, high-demand construction projects, and high-performance machinery equipment. Its pioneering spirit and cutting-edge R&D capabilities continuously push the boundaries of technology. With nearly 13,000 dedicated and passionate employees in over 20 countries worldwide, Vallourec collaborates with customers to provide not just tubular products, but innovative, safe, and cost-competitive smart tubular solutions that make every project possible. About DNV DNV is an independent certification and risk management services provider with operations in over 100 countries. Leveraging extensive experience and profound expertise, DNV is committed to enhancing safety and sustainable performance, setting industry standards, and inspiring and creating innovative solutions. Whether it's assessing new ship designs, providing certification for floating wind farm technologies, analyzing natural gas pipeline sensor data, or certifying food company supply chains, DNV empowers clients and their stakeholders to confidently navigate technological and regulatory complexities. DNV provides assurance across the entire energy value chain through consulting, monitoring, validation, and certification services. As a leading global independent energy expert and technical advisor resource, it helps industries and governments navigate the numerous complex and interconnected transformations occurring in the global and regional energy sectors. DNV is dedicated to achieving the goals of the Paris Agreement and supporting clients in their transition to a deeply decarbonized energy system at a faster pace.

The reserved transaction volume at the 2025 Guangdong-Hong Kong-Macao Greater Bay Area Auto Show exceeded RMB 10 billion On June 8, the 2025 Guangdong-Hong Kong-Macao Greater Bay Area Auto Show officially closed. During the nine-day exhibition period, the auto show attracted approximately 890,000 visitors, with 42,823 vehicles reserved for transaction, and the reserved transaction volume reached approximately RMB 10.07 billion. It is reported that the auto show covered an area of approximately 260,000 m². Among this, 80,000 m² was designated as an interactive experience zone, which showcased innovative industrial applications and provided test drives and other experiences.

After a clear upward breakout in technical patterns, the precious metals market witnessed a spectacular scene of "silver and platinum soaring together" on Thursday... On one hand, spot silver prices surged by 4.5% during Thursday's trading session, reaching a high of $36.06 per ounce, the highest level since February 2012. On the other hand, spot platinum prices soared by 4.8% overnight and further refreshed their highest level since March 2022 at $1,152 per ounce during the Asian session on Friday. It can be said that these two precious metal commodities, which were unremarkable during the gold rally earlier this year, now seem to be simultaneously embarking on a catch-up rally... In response, industry insiders stated that the simultaneous surge in silver and platinum appears to reflect investors' growing demand for precious metals used in industrial applications. Meanwhile, with gold prices already hovering near a high of $3,400, other precious metal varieties that had lagged behind in gains are now coming more into the sight of physical buyers and investors. Nicky Shiels, Head of Metal Strategy at MKS PAMP SA, pointed out in Thursday's report that the enhanced technical momentum and improved fundamentals across the precious metals sector have provided a boost to these metals. Strong physical silver demand from India and the recovery of platinum demand in China have further strengthened the upward trend. Silver—and sometimes platinum as well—often moves in tandem with gold, which has long been regarded as a timeless safe haven during periods of geopolitical turmoil. Over the past 12 months, spot gold prices have surged by more than 40%, as the escalation of tariff wars initiated by the US has enhanced its safe-haven appeal, and central banks around the world have continued to make substantial purchases. The gains in silver and platinum over the past year have actually fallen far short of those in gold—up 19% and 13% respectively as of Thursday. This scenario is naturally related to their far weaker safe-haven attributes compared to gold. However, in the industrial sector, they are not without value to explore. Silver is a key material for solar panels, while platinum is used in automotive catalytic converters and laboratory equipment. After years of undersupply, both metals markets will still face a supply deficit this year. Catch-up rally begins MKS PAMP's Shiels stated that maintaining silver prices above $35 would be a "critical turning point," and if sustained, it should reignite the interest of retail investors who have been on the sidelines. She further added that given the high leasing rates indicating a tightening market, a potential recovery in demand for platinum ETFs could trigger a speculative rally. According to industry-compiled data, the open interest in platinum ETFs is currently showing signs of a rebound, having increased by more than 3% since mid-May. Meanwhile, inflows into silver ETFs have also been growing continuously since February, with cumulative open interest climbing by nearly 8%. Alexander Zumpfe, a senior trader at Germany's gold refiner Heraeus Group, stated that the recent rally in silver may be driven by a combination of technical momentum, improved fundamentals, and rising investor interest. He pointed out, "After lagging behind gold for several weeks, silver is now catching up, indicating that momentum-driven investors have reignited their interest in silver." Maria Smirnova, senior portfolio manager and chief investment officer at Sprott Asset Management, also noted, "This breakout in silver has been brewing for some time. Silver has made multiple attempts to breach the $35 mark in recent months, making this breakout significant. If changes in technical factors further drive physical investors to buy in the coming days, silver prices could rise rapidly and substantially." Investors are also currently focusing on the US May non-farm payrolls report, which will be released on Friday evening. The poor performance of the US ADP employment data and initial jobless claims on Wednesday and Thursday has strengthened market expectations that the US Fed will cut interest rates at least twice this year. A decline in borrowing costs typically benefits the performance of these precious metals.

SMM News on May 26: In recent years, solid-state batteries have gradually gained market acceptance due to their advantages over traditional lithium batteries, including higher safety, higher energy density, and longer cycle life. The combined effects of policy support, technological breakthroughs, and market demand have also brought unprecedented development opportunities to the solid-state battery market. Leveraging their unique advantages, solid-state batteries are gradually opening doors to emerging application fields such as eVTOL (electric vertical takeoff and landing aircraft) and robotics, while accelerating their penetration into rigid demand scenarios like consumer electronics and electric vehicles (EVs), potentially giving rise to a vast trillion-yuan-scale market. It is worth mentioning that there have been frequent positive developments in the solid-state battery sector recently. On May 22, according to CCTV News, the China Society of Automotive Engineers officially released the group standard "Determination Method for All-Solid-State Batteries," which, for the first time, clarifies the definition of all-solid-state batteries, addressing issues such as vague industry definitions and the lack of testing methods, thereby laying the foundation for technological upgrades and industrial applications. The new standard stipulates that for a battery to be classified as an "all-solid-state battery," ion transfer must occur exclusively through a solid electrolyte, establishing a strict technical demarcation from hybrid solid-liquid electrolyte batteries. The core research point of this group standard is a test method for liquid substance content based on weight loss rate, which involves vacuum heating to measure the weight loss rate. When the sample shows no visible liquid and the weight loss rate is below 1%, it is classified as an all-solid-state battery. Supported by multiple rounds of validation tests, this method boasts a low error rate and stable results, applicable to various mainstream technological approaches. In addition, on May 21, CCTV News reported that researchers from the Shenyang National Laboratory for Materials Science at the Institute of Metal Research, Chinese Academy of Sciences, led by Researcher Wang Chunyang, in collaboration with an international team, recently achieved a significant breakthrough. They developed an inorganic/organic composite solid-state electrolyte using a three-dimensional electronically insulating yet mechanically elastic polymer network, effectively suppressing lithium metal deposition, interconnection, and the resulting short-circuit failures within the solid-state electrolyte, thereby significantly enhancing its electrochemical stability. This research finding was published in the Journal of the American Chemical Society on May 20. SMM has compiled recent developments related to solid-state batteries from major enterprises, as detailed below: [CATL: Small-Batch Production of All-Solid-State Batteries Expected in 2027] During an investor activity survey in mid-May, CATL stated that the company is continuously and resolutely investing in all-solid-state batteries, with its technology at the forefront of the industry. Small-batch production is expected to be achieved in 2027. [BYD: Anticipates Large-Scale Commercialization of Solid-State Batteries After 2030, Covering 40,000 Mainstream Car Models] BYD has been engaged in the R&D of solid-state batteries since 2013 and plans to conduct demonstration applications from 2027 to 2029. It will adopt a technological combination of sulphide electrolyte + high-nickel ternary cathode + silicon-based anode, achieving an energy density of 400Wh/kg (double that of traditional batteries). The first batch of 1,000 high-end car models will be equipped with this battery, with a driving range exceeding 1,000 kilometers, and external supply will also commence simultaneously. It is expected to achieve large-scale commercialisation after 2030, with the goal of achieving "parity between solid-state and liquid-state batteries" through large-scale production and process optimisation. By 2030, it will cover 40,000 mainstream car models, and by 2033, installations will reach 120,000 units, gradually replacing liquid-state batteries. [Gotion High-tech: Has completed construction of the first pilot line for all-solid-state batteries, with a designed capacity of 0.2 GWh] During a previous survey of investor activities, Gotion High-tech mentioned that the company is focusing on breakthroughs in new-type battery technologies such as solid-state batteries and accelerating the industrialisation process of R&D achievements. With long-term R&D investment, the company has successfully established a semi-solid-state battery product system covering various forms including cylindrical, prismatic, and pouch, with specific product models and performance indicators tailored to the development and production needs of different customers. The company has achieved significant breakthroughs in all-solid-state battery technology, launching the automotive-grade all-solid-state battery "Jinshi Battery". The energy density of the battery cells in the company's Jinshi Battery pilot samples has reached 350 Wh/kg, with a 150% increase in single battery capacity compared to previous models, reaching 70 Ah. Meanwhile, the preload force has decreased by 90%, requiring only MPa-level pressure to operate. In addition, the Jinshi Battery has passed a series of rigorous safety tests, including nail penetration, thermal box, external short circuit, overcharge, and squeeze tests, demonstrating excellent safety performance. Meanwhile, the preliminary development and application work of the Jinshi all-solid-state battery PACK system has been completed, and on-board road testing has commenced. The company will continue to promote the commercial application process of all-solid-state batteries as planned. In addition, Gotion High-tech also stated that the company has completed construction of the first pilot line for all-solid-state batteries, with a designed capacity of 0.2 GWh. Currently, the Jinshi Battery is in the pilot production stage. Meanwhile, the company has officially initiated the design work for the first-generation mass production line of all-solid-state batteries, laying the foundation for future mass production. For relevant progress, please refer to the company's publicly disclosed information. [Delphi Technologies: Will accelerate the industrialisation of solid-state batteries] The company has established a pilot production line for solid-state battery samples in Shanghai and is conducting various technical tests. Currently, the company possesses the capability to trial-produce various samples and can tailor corresponding solutions according to customer needs in different application scenarios and various technical requirements. Based on the development and validation of solid-state battery customers and market demand, the company is currently actively promoting and implementing the subsequent pilot line and mass production line bases. In terms of solid-state batteries, the company will combine market demand to accelerate the industrialisation of its solid-state batteries and apply them to NEVs, drones, robots, power tools, and other fields as soon as possible to seize market opportunities. [Farasis Energy: The company's solid-state battery commercialisation progress is leading, with shipments ranking among the top in the industry] Farasis Energy previously stated on an investor interaction platform that the company's solid-state battery commercialisation progress is leading, with shipments ranking among the top in the industry. The first-generation semi-solid-state battery entered mass production and vehicle installation in 2022. The second-generation semi-solid-state battery is expected to enter mass production in H2, and will be first applied in high-value scenarios such as the low-altitude economy and humanoid robots, which is expected to further boost revenue from solid-state battery products. In terms of customer cooperation, the company's solid-state battery products have gained recognition from leading customers across multiple fields, including GAC, Dongfeng, SANY, FAW Jiefang, a leading US eVTOL customer, a leading domestic flying car customer, Shanghai EHang, and Geely AeroHT. [Sunwoda: Sunwoda plans to achieve an energy density breakthrough of over 700Wh/kg for all-solid-state batteries by 2027] According to relevant media reports, Sunwoda has developed two generations of aviation battery products based on semi-solid-state technology, with energy densities reaching 320Wh/kg and 380Wh/kg, respectively. Sunwoda plans to achieve an energy density breakthrough of over 700Wh/kg for all-solid-state batteries by 2027 and is planning to construct a 1GWh all-solid-state battery capacity. [Mingtai Aluminum and Great Power Energy reach strategic cooperation, focusing on solid-state batteries, sodium-ion batteries, and other fields] Mingtai Aluminum and Great Power Energy signed a strategic cooperation framework agreement. The two parties will establish a strategic partnership focusing on the R&D, product supply, technology development, and capacity layout of new-type batteries such as solid-state batteries and sodium-ion batteries. Meanwhile, they will leverage their respective operational capabilities and material collection capabilities to promote the recycling and application of secondary aluminum alloy in the field of new energy batteries. According to the agreement, Great Power Energy will prioritize the use of Mingtai Aluminum's products for the supporting development of battery projects in solid-state batteries or other fields. [Fangyuan Share: Can produce high-nickel ternary cathode materials for solid-state batteries, but cannot disclose specific customer information] When asked about the company's "main material layouts for solid-state batteries and which manufacturers it supplies to," Fangyuan Share stated that it can produce high-nickel ternary cathode materials for solid-state batteries, but cannot disclose specific customer information due to confidentiality agreements. [BMW: The world's first BMW i7 test vehicle equipped with an all-solid-state battery officially starts road testing] Around May 23, the BMW Group announced that the world's first BMW i7 test vehicle equipped with an all-solid-state battery officially started road testing in Munich. This move marks a new stage in the cooperation between the BMW Group and Solid Power, a pioneer in solid-state battery technology, as the all-solid-state battery technology transitions from laboratory verification to real-vehicle application, setting a new benchmark in the field of electric mobility. [Sinosteel NMC: The company has been keeping track of cutting-edge battery technologies, including solid-state batteries, and maintaining good interactions with downstream customers and research institutions] Sinosteel NMC, whose main products include rare earth permanent magnets, permanent magnet devices, soft magnetic materials, and devices, stated when asked about the progress of solid-state batteries that it has been keeping track of cutting-edge battery technologies, including solid-state batteries, and maintaining good interactions with downstream customers and research institutions. [Haichen Pharmaceutical: Solid-State Battery-Related Business Has Not Yet Generated Revenue] After the cumulative deviation in the closing price increase exceeded 30% over three consecutive trading days on May 21, May 22, and May 23, Haichen Pharmaceutical issued an announcement on abnormal stock price fluctuations, mentioning that the company had noticed the recent high market attention to the concept of solid-state batteries. The company's layout in the solid-state battery sector primarily involves its holding subsidiary, Anqing Huichen Technology Co., Ltd. (hereinafter referred to as "Anqing Huichen"), jointly investing with Sichuan Saike Power Technology Co., Ltd. (hereinafter referred to as "Saike Power"), Yibin Ronggu New Material Technology Center (Limited Partnership), Mr. Cao Xichen, and Mr. Yan Meiqiang to establish a joint venture company, Sichuan Luochen New Material Technology Co., Ltd. (hereinafter referred to as "Sichuan Luochen"). This joint venture was established and completed its industrial and commercial registration on February 11, 2025, focusing on the development, optimization, and industrialisation of adhesive materials related to new energy batteries, including solid-state batteries. As of now, Sichuan Luochen is conducting small-scale pilot process development for relevant adhesive products and has not yet sent samples to customers or received orders. It is expected to have no significant impact on the company's profits for the current year. [Binhai Energy: Currently Advancing the R&D of Silicon Carbon Anode Materials for Solid-State Batteries Across Various Systems (Including Sulphides)] On May 23, Binhai Energy responded to investor inquiries on an interactive platform, stating that the company is currently advancing the R&D of silicon carbon anode materials for solid-state batteries across various systems (including sulphides). Pilot testing is currently underway, and customer sample submissions will be conducted in due course. The company will promptly disclose any subsequent progress in accordance with laws, regulations, and exchange requirements. Investors are advised to note the investment risks. [Changan Automobile: Achieving Solid-State Battery On-Board Verification in 2026] Changan Automobile stated in its investor relations activity record that over the next three years, the company will launch 35 new digital and intelligent vehicles. Among them, Changan Qiyuan will introduce 10 products, Deepal will introduce 10 products, and Avatr will introduce 7 products. In the field of three electric systems (battery, motor, and electric control), the company will comprehensively iterate its core technologies. From 2025 to 2026, it will complete the investment and construction of a 50GWh battery cell production capacity for CATL Changan, with a total production capacity reaching 75GWh. It aims to achieve solid-state battery on-board verification in 2026 and gradually advance the mass production of all-solid-state batteries in 2027, with an energy density of 400Wh/kg. [Desay Battery: The Company's Solid-State Battery-Related Products Are Still in the R&D Process, with No Clear Mass Production Plan Currently] Desay Battery stated on an investor interaction platform that the company's solid-state battery-related products are still in the R&D process, with no clear mass production plan currently. SMM previously estimated that the global penetration rate of all-solid-state batteries would be around 0.1% in 2025, expected to reach approximately 4% by 2030, and could potentially hit around 9% by 2035. Within the new energy battery sector, SMM projects that by 2030, the penetration rate of all-solid-state batteries in this sector is expected to reach about 5%. The demand from high-end EVs for high safety and long driving range has made solid-state batteries a key choice. However, further long-term penetration growth hinges on the logic of scale expansion and cost reduction. 》Click to view details Therefore, since the beginning of 2025, large enterprises have been deploying or announcing the latest progress of their respective solid-state battery products. With ongoing technological advancements, the market generally believes that all-solid-state batteries are expected to enter the small-batch vehicle installation stage in 2027 and achieve large-scale mass production by 2030. Regarding the solid-state battery index, from the beginning of the year to the end of April, the index rose by 5.38%. Since the beginning of May, the index has also increased by over 4%, with the overall center significantly shifting upward compared to 2024.

【New Standards for All-Solid-State Batteries Released】On May 22, according to CCTV News, the China Society of Automotive Engineers released the "Judgment Method for All-Solid-State Batteries" group standard, which for the first time clearly defined the concept of all-solid-state batteries, solving the problems of vague industry definitions and missing test methods, and laying the foundation for technological upgrades and industrial applications. The new standard stipulates that "all-solid-state batteries" require ion transfer to be completely realized through solid electrolytes, forming a strict technical boundary with hybrid solid-liquid electrolyte batteries.

[5.23 Lithium Battery News] ►BYD's all-electric vehicle sales in Europe surpassed Tesla's for the first time in April ►New standards for all-solid-state batteries introduced to address issues such as vague industry definitions and lack of testing methods ►Tientie Technology: Signed a strategic cooperation framework agreement with Xinjie Energy to collaborate on lithium metal anode materials for solid-state batteries and related fields ►Farasis Energy: The company's progress in solid-state batteries is at a leading level in the industry, and semi-solid-state batteries have been recognized by multiple customers ►Ningxin New Materials: Specialty graphite materials primarily serve the R&D and production of solid-state electrolytes ►Changan Automobile: To achieve vehicle-mounted validation of solid-state batteries by 2026