Core Viewpoint - The company, Haicheng Energy Storage Technology Co., Ltd., has issued a statement addressing various rumors and misinformation circulating online, asserting that these claims are false and defending its business practices and reputation [1][2][3]. Group 1: Commercial Secret Infringement - The company refutes claims regarding a "commercial secret infringement" related to the "composite electrolyte technology," stating that a third-party assessment confirmed the technology is publicly known and does not constitute a trade secret [3][4]. - The company has not utilized this technology in any of its products, and the ongoing investigation will not adversely affect its operations [3]. Group 2: Personal Information Misrepresentation - The company clarifies misinformation regarding the age of the chairman's spouse, asserting that the claim of her being born in 1964 is false; her actual birth year is 1991 [4]. Group 3: Customer Bankruptcy and Order Impact - The company addresses rumors about its largest U.S. customer, Powin, filing for bankruptcy and the alleged loss of a $1.5 billion order, stating that their collaboration has not reached a scale of delivery and there are no outstanding debts between the two parties [5][6]. - The bankruptcy filing does not list the company as a creditor, indicating no negative impact on its operations [5]. Group 4: Product Development Claims - The company disputes claims that its 587Ah battery cell is similar to a competitor's product, emphasizing that its 587Ah cell is based on its own 2023 innovation and is designed for specific two-hour scenarios [6]. Group 5: Unfair Competition Lawsuit - The company responds to allegations of unfair competition, stating that no legal documents have confirmed any wrongdoing on its part, and the claims are merely the plaintiff's perspective [7]. - The company intends to defend its rights through legal channels and condemns the malicious spread of false information [7][9].

Core Viewpoint - Nandu Power focuses on the energy storage sector, providing systematic products, solutions, and operational services centered around lithium-ion and lead batteries [1] Group 1: Company Overview - The company specializes in new energy storage, communication and data center storage, and residential storage, covering a full range of product and system research, manufacturing, sales, and services [1] - Nandu Power is also involved in the integrated recycling of environmentally friendly resources [1]

Group 1 - The core viewpoint of the news is that the recent China-EU summit marks a significant opportunity to enhance bilateral relations, especially in the context of climate cooperation and economic collaboration [2][3][4] - The joint declaration on climate change emphasizes the importance of maintaining policy continuity and stability among major economies, highlighting the green partnership as a crucial aspect of China-EU relations [2][3] - The economic relationship has evolved significantly since the establishment of diplomatic ties, with trade volume increasing from $2.4 billion at the beginning to over $780 billion today, and bilateral investment stock reaching approximately $260 billion [4][5] Group 2 - The summit is seen as a pivotal moment for both parties to reaffirm their commitment to multilateralism and sustainable development, with calls for deeper dialogue on mutual respect and cooperation [6][9] - The growth in EU investment in China, which increased by 11.7% in the first quarter of this year, reflects the strong interest of European companies in the Chinese market [7] - The cultural and people-to-people exchanges are also thriving, with projections indicating that Chinese tourists will significantly contribute to the European economy in the coming years [8]

Core Viewpoint - The article emphasizes the importance of the 2025 lithium battery research and interview activities, focusing on identifying quality battery brands and products in the energy storage sector [2][4]. Group 1: Research Activities - The 2025 lithium battery research and interview activities will take place from August 4 to August 22, 2025, covering regions such as Shenzhen, Dongguan, and Huizhou, with visits to major companies like BYD, Gotion High-tech, and EVE Energy [7]. - The research process includes factory visits, executive introductions, and discussions on industry trends and collaboration opportunities [6][5]. Group 2: Sponsorship Opportunities - Various sponsorship options are available for the research activities, including full participation for over 20 sponsors and advertising placements in the WeChat account for a monthly fee of 10,000 [8]. - Sponsors will receive benefits such as a simplified version of the 2025 Global Lithium Battery White Paper and online promotional opportunities during the research activities [8]. Group 3: Previous Research Reviews - The article mentions past research visits to key players in the lithium battery industry, including BYD, CATL, and EVE Energy, highlighting the ongoing engagement with leading companies [10][11].

Report Information - Report Title: Nickel Daily Report [1] - Date: August 1, 2025 [2] - Research Team: Non - ferrous Metals Research Team [3] - Researchers: Yu Feifei, Zhang Ping, Peng Jinglin [3] Core Viewpoint - On the 31st, black - series commodities tumbled, and Shanghai nickel showed weakness, closing below the 120,000 mark again. The main contract 2509 closed down 1.79% at 119,830, with the total open interest of the index increasing by 11,234 to 190,329 lots. The nickel surplus pattern remains unchanged, and prices declined again after the cooling of macro - sentiment. The overall surplus pattern of nickel is still significant, and the nickel price is temporarily regarded as weak [8]. Section Summaries 1. Market Review and Operational Suggestions - **Market Performance**: On the 31st, black - series commodities fell generally, and Shanghai nickel was weak. The main 2509 contract closed down 1.79% at 119,830, and the total open interest of the index increased by 11,234 to 190,329 lots [8]. - **Supply - side Situation**: There are expectations of loose supply from the mining ends in the Philippines and Indonesia, and the probability of subsequent decline in ore prices is high. Under the pressure of losses, some production lines in Indonesia have switched to producing high - grade nickel matte, driving a slight recovery in the low - level nickel - iron price. On the 31st, the average price of 8 - 12% high - nickel iron was reported at 912.5 yuan per nickel point, but the acceptance of high - price nickel ore remains low [8]. - **Demand - side Situation**: The stainless - steel market is still weak, in the traditional off - season of consumption with high inventory. As the nickel - iron price rises, some downstream enterprises prefer to purchase scrap stainless steel for production, and the acceptance of high - nickel pig iron prices is also poor. The price of battery - grade nickel sulfate remained flat at 27,370 yuan per ton on the 31st, and it stopped falling and rebounded in the short term supported by the rigid replenishment demand of precursors and the low inventory of nickel salt plants [8]. 2. Industry News - **Indonesian Investment**: Indonesia's national investment management agency Danantara is exploring investment opportunities in the nickel downstream industry. It is considering acquiring the PT Gunbuster Nickel Industry (GNI) smelter. Danantara expects to prepare an investment plan of over $20 billion and provide about $60 million in medium - term financing through a syndicated loan [9][10]. - **Battery Energy Storage**: Bulgaria officially launched the largest - scale operating battery energy storage system in the EU, with a capacity of 124 megawatts/496.2 megawatt - hours. Renewable energy storage company Apatura has obtained planning permission for a 100 - megawatt battery energy storage system (BESS) project in Scotland, and its approved total energy storage capacity has exceeded 1.6 gigawatts [10]. - **Solar Cell Innovation**: A research team in Turkey developed a TOPCon solar cell using nickel (Ni) contacts with almost no silver (Ag), achieving nearly the same efficiency while significantly reducing silver usage, which is expected to reduce production costs and improve sustainability and scalability [10].

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The nickel market remains in an oversupply situation, with the short - term market dominated by macro logic. The overall oversupply pattern is still significant, and the nickel price is expected to be weak. The upstream nickel ore supply is expected to be loose, the support from iron plants and stainless steel is limited, and the battery - grade nickel sulfate price has rebounded. [7] 3. Summary by Directory 3.1行情回顾与操作建议 - The main contract of Shanghai nickel, 2509, closed down 0.85% at 121,800, and the total open interest of the index decreased by 3,705 to 174,585 lots. [7] - The supply of nickel ore from the Philippines and Indonesia is expected to be loose, and the ore price is likely to fall. [7] - The support from nickel iron plants and the stainless - steel market is limited. The cost of nickel iron plants is high, and some Indonesian production lines have switched to producing high - grade nickel matte. The stainless - steel market is weak due to the traditional off - season and high inventory. [7] - The price of battery - grade nickel sulfate continued to rise, reaching 27,370 yuan/ton on the 29th, supported by the rigid replenishment demand of precursors and low inventory of nickel salt plants. [7] 3.2行业要闻 - Indonesia's Danantara is exploring investment opportunities in the nickel downstream industry, considering acquiring the GNI smelter. It plans to prepare an investment plan of over $20 billion and provide about $60 million in medium - term financing through a syndicated loan. [8][10] - Bulgaria has launched the largest operating battery energy storage system in the EU, with a capacity of 124 MW/496.2 MWh. [9] - A research team in Turkey has developed a TOPCon solar cell with nickel contact and low silver usage, which can significantly reduce production costs. [9] - Apatura has obtained planning permission for a 100 - MW battery energy storage system project in Scotland, with a total approved storage capacity of over 1.6 GW. [9]

Core Insights - Elements Green has secured £140 million in debt financing for its 360MW/720MWh battery storage project in Staythorpe, Nottinghamshire, marking a significant milestone in its transition to a large independent power producer (IPP) [1] - Gresham House Energy Storage Fund (GRID) has raised £8.6 million in equity investment to expand its Glassenbury battery project, increasing its storage capacity from 38 MWh to 110 MWh [2] - GRID anticipates a 22% increase in its share of EBITDA over the project's lifecycle due to the expansion, with a positive impact on the net asset value (NAV) expected to be reported in September 2025 [3] Group 1: Elements Green - The Staythorpe project is under construction and is expected to be operational by mid-2027, providing essential grid balancing capabilities and supporting the UK's long-term net-zero emissions goals [1] - The project has a solid commercial foundation, including a 15-year capacity market contract and a long-term revenue guarantee agreement with EDF, enhancing its financing capabilities [1] - Mitie is responsible for engineering and construction services, utilizing the latest battery storage technology from Hecate Energy [1] Group 2: Gresham House Energy Storage Fund (GRID) - The Glassenbury project expansion has received planning approval, with construction set to begin in July and completion targeted for December 2025 [2] - The new equity investment allows UAB E Energy Invest (EEI) to acquire a 35% stake in the Glassenbury project, while GRID retains a 65% indirect ownership [2] - GRID plans to initiate seven additional expansion projects in 2025 and early 2026, funded through refinancing, which will significantly enhance the overall value of its portfolio [3] Group 3: Strategic Partnerships - GRID has signed a series of revenue optimization agreements with Statkraft for its existing 412MW battery storage asset portfolio, ensuring minimum income guarantees to support further expansion and refinancing [4] - Statkraft will leverage its expertise in asset optimization and algorithmic trading to enhance the performance of GRID's asset portfolio, which now exceeds 3GW under management in the UK [5]

Report Summary 1. Industry Investment Rating No relevant information provided. 2. Core View - On July 23, the nickel price shifted to narrow - range fluctuations as the continuously surging varieties adjusted, indicating emerging market divergence. The nickel surplus pattern remains unchanged, and price pressure persists. With the approval of additional RKAB quotas in Indonesia, nickel ore supply will be abundant, and there is room for a decline in premiums and ore prices. Although the ferronickel price has slightly rebounded, most smelters in Indonesia are still at a loss, and the production reduction after the conversion to high - grade nickel matte is limited, providing limited price support. Stainless steel is in the traditional off - season with high inventories, and it is difficult to support the raw material end. The sulfuric acid nickel price remained flat. Overall, the nickel fundamentals have not changed significantly, and the subsequent support from the ore end may weaken. Currently, the macro - sentiment dominates the market, and the nickel price is temporarily strong, but the rebound space should be viewed with caution [7]. 3. Summary by Section 3.1行情回顾与操作建议 (Market Review and Operation Suggestions) - On July 23, the SHFE nickel 2509 closed at 123,370, down 0.06% from the previous day, and the total index positions decreased by 2,860 to 173,672 lots. The nickel market's excess situation remains, and price pressure exists. The supply of nickel ore will be loose, and there is room for a decline in premiums and ore prices. The ferronickel price has a slight rebound, but most Indonesian smelters are still at a loss, and the support for prices is limited. Stainless steel is in the off - season with high inventories, and it is difficult to support the raw material end. The sulfuric acid nickel price remained at 27,250, and it is expected to stop falling temporarily. The overall performance of each industrial link is weakening, and the support from the ore end may loosen. The macro - sentiment currently dominates the market, and the nickel price is temporarily strong, but the rebound space should be treated with caution [7]. 3.2行业要闻 (Industry News) - The Indonesian Nickel Miners Association (APNI) revealed that Indonesia's actual nickel ore production in 2025 was only 120 million tons, far lower than the approved RKAB quota of 364.1 million tons in the first half of the year. The low utilization rate of the quota was due to the rainy season in major mining areas. In the first half of the year, Indonesia imported 4.6 million tons of nickel ore from the Philippines. Since January 2025, the cost pressure on Indonesia's nickel industry has been increasing due to policies and taxes. APNI is formulating ESG regulations to enhance its international reputation [8][10]. - Bulgaria launched a 124 - megawatt/496.2 - megawatt - hour battery energy storage system, marking a step towards its goal of deploying 10,000 megawatt - hours of battery energy storage capacity within a year [10]. - A Turkish research team developed a TOPCon solar cell using nickel contact with almost no silver, which significantly reduces silver consumption while maintaining high efficiency, potentially reducing production costs [10]. - Renewable energy storage company Apatura obtained planning permission for a 100 - megawatt battery energy storage system project in Scotland, which will help the region achieve its energy and emission - reduction goals [10].

Core Insights - The number of operational battery storage systems in Germany has surpassed two million, with a total installed capacity of 14.535 GW and usable storage capacity nearing 22.1 GWh as of mid-2025 [1] - The majority of these systems are residential photovoltaic storage systems, with 1.967 million units contributing 11.5 GW of installed power and approximately 18.3 GWh of storage capacity [1] - The expansion of battery storage is driven by market demand, highlighted by instances of negative wholesale electricity prices [2] Summary by Sections Current Status - As of mid-2025, Germany has nearly two million operational battery storage systems, with a total installed capacity of 14.535 GW and usable storage capacity of about 22.1 GWh [1] - Residential photovoltaic storage systems dominate the market, with 1.967 million units and a total installed power of 11.5 GW [1] - Medium-sized storage systems (20 kW to 1000 kW) consist of 14,827 units with a total installed power of 663 MW and storage capacity exceeding 900 MWh [1] - Large battery storage systems number 323, providing approximately 2.35 GW of power and nearly 2.9 GWh of storage capacity [1] Recent Additions - In the first half of 2025, over 250,000 new battery storage systems were added, with nearly 2 GW of new power and 3.55 GWh of new storage capacity [1] - Small residential photovoltaic storage systems accounted for the majority of new additions, with 251,948 units contributing 1.34 GW of power and nearly 2.7 GWh of storage capacity [2] - Medium-sized systems added 2,418 units, totaling 117.7 MW of power and 160 MWh of capacity [2] - Eco Stor launched a large battery storage system with a power capacity of 103.5 MW and 238 MWh of storage, representing about one-third of the new large storage capacity [2] Future Outlook - The trend of storage expansion is expected to continue, with 19,720 systems currently in the planning stage, aiming for a total installed capacity of nearly 4.7 GW and storage capacity exceeding 9.4 GWh [3] - Planned systems include 18,653 small storage systems (20 kW or less) with a total power of 126.7 MW and 515.6 MWh of capacity, 627 commercial storage systems with 97.9 MW and 171.6 MWh, and 440 large storage systems with nearly 4.35 GW and 8.72 GWh of capacity [4]

Core Viewpoint - CATL has secured a significant supply agreement with Vanda RE for a total of 2.2 GWh of battery energy storage systems, marking a strategic expansion in Southeast Asia's renewable energy sector [1][3]. Group 1: Project Details - The project, located in the Riau Islands of Indonesia, includes the development of a solar and storage project with a planned 2 GW solar power plant and a 4.4 GWh energy storage system, which will become one of the largest integrated solar-storage projects in Southeast Asia [3][4]. - The battery storage systems will be produced at CATL's factory in West Java, Indonesia, which has a total battery production capacity of 15 GWh [3][4]. - This project is part of the Indonesia-Singapore "Green Economy Corridor," highlighting its strategic importance in regional energy interconnection [3][4]. Group 2: Market Position and Performance - CATL's overseas energy storage orders have reached 47.6 GWh since 2025, reflecting a growing demand for clean energy solutions globally [4]. - According to SNE data, CATL is projected to hold a 36.5% global market share in energy storage battery shipments in 2024, maintaining its position as the market leader for four consecutive years [4]. - In 2024, CATL's energy storage battery system sales are expected to reach 93 GWh, contributing approximately 57.29 billion yuan to the company's total revenue, which accounts for 15.83% of total revenue [4]. Group 3: Industry Growth Trends - The global energy storage market is experiencing rapid growth, with a projected 42.2% increase in new installations in 2025, reaching 266 GWh [5]. - In the first half of 2025, the global battery storage system market added 86.7 GWh of new capacity, representing a 54% increase compared to the same period in 2024 [5]. - The growth rate of the energy storage market is exceeding industry expectations, indicating a new phase of accelerated expansion [5].