Flash | 03 Dec 2025 09:56:58 ET │ 11 pages China Materials Reiterating Our Key Calls, Aluminum and Copper Most Preferred, Followed by Battery Chain CITI'S TAKE As we approach year-end, we reiterate our key calls: 1) prefer aluminum and copper ahead of potential Fed rate cut; 2) bullish battery chain price hike cycle; 3) we have turned more cautious on anti-involution sectors. Sector pecking order: Aluminum > Copper > Battery > Gold > Battery Materials > Coal > Cement > Steel. Cross-sector top picks: Hongqia ...

在感知和操作方面， T800配备360°全向激光雷达及多维度感知灵巧手， 可实现毫秒级环境建模、AI路径规划及高精度操作，满足工业场景中的多样作业需求。 产品面向市场推出基础版、生态版（开源）、锐化版（Pro版）和旗舰版（Max版）四款梯度化产品，起售价18万元。T800已完成多类核心场景的技术验证，具备 成熟产业化落地条件，并将在深圳全链路数字化智造基地实现批量生产。 众擎机器人 成立于2023年10月，创始人赵同阳此前创办Dogotix并主导 小鹏PX5人形机器人研发。2025年，公司完成Pre-A++轮及A1轮融资， 投资方包括 小鹏汽 车、京东及宁德时代 旗下投资机构，多家上市公司为其间接股东。 章群群 【DT新材料】 获悉，12月1日， 众擎 正式发布全尺寸高效能通用人形机器人T800。 为满足长时间、高强度作业需求， T800创新搭载行业首款专为人形机器人研 发的高性能固态动力电池，实现4-5小时的稳定续航。 同时，产品配备腿部全关节主动散热系统，通过高精度温控技术实时调节核心部件温度，与固态电池形成协同保障机制，为全天候不间断作业提供可靠的能源支 撑。 T800基于全栈自研核心技术体系，实现力量 ...

Focus Graphite Appoints Renowned Battery Executive Dr. Sunho Kang as Strategic Advisor for Cell TechnologyFormer Apple and Samsung SDI Battery Expert to Guide High-Purity Anode Materials and Dual-Use Next-Generation Cell Platforms.December 03, 2025 5:00 AM EST | Source: Focus Graphite Inc.Ottawa, Ontario--(Newsfile Corp. - December 3, 2025) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company"), a leading developer of high-grade flake graphite deposits and inno ...

Core Points - The Extraordinary General Meeting of Ensurge Micropower ASA was held electronically on December 3, 2025, where all agenda items were approved as proposed by the Board of Directors [1] - The meeting included the issuance of 27,433,079 tranche 2 shares in a private placement announced on November 9, 2025, and a subsequent offering of up to 22,222,222 offer shares to existing shareholders not participating in the private placement [1] - Additionally, 67,934,000 warrants were issued to Corning Research & Development Corporation, each with an exercise price of NOK 1.50 [1] Company Overview - Ensurge Micropower specializes in advanced microbattery technology aimed at powering AI-enabled devices, emphasizing performance and safety [2] - The company is based in San Jose, California, and has developed thin-film batteries through high-precision roll-to-roll production processes [2] - Ensurge collaborates with leading global customers to expedite their products to market and is listed on the Oslo Stock Exchange [2]

Core Points - An Extraordinary General Meeting was held by Ensurge Micropower ASA on December 3, 2025, where all agenda items were approved as proposed by the Board of Directors [1] - The meeting included the issuance of 27,433,079 tranche 2 shares in a private placement announced on November 9, 2025, and a subsequent offering of up to 22,222,222 offer shares to existing shareholders not participating in the private placement [1] - Additionally, 67,934,000 warrants were issued to Corning Research & Development Corporation, each with an exercise price of NOK 1.50 [1] Company Overview - Ensurge Micropower specializes in advanced microbattery technology aimed at powering AI-enabled devices, focusing on performance and safety [2] - The company is based in San Jose, California, and has developed thin-film batteries using high-precision roll-to-roll production processes [2] - Ensurge collaborates with leading global customers to expedite their products to market and is listed on the Oslo Stock Exchange [2]

Key Takeaways MVST delivered Q3 revenues of $123.3M, lifting nine-month sales to $331M.Growth was driven by commercial-vehicle battery demand and lower operating costs.Adjusted EBITDA hit $21.9M in Q3 as nine-month expenses fell 61.3% y/y.Microvast Holdings (MVST) registered record revenues of $123.3 million in the third quarter of 2025, up 21.6% year over year, resulting in year-to-date revenues of $331 million, increasing 24.3% year over year. This impressive growth is primarily fueled by a sustained dema ...

We recently published 10 Stocks Already Hurting in December. Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is one of the top performers on Monday. Eos Energy fell by 9.69 percent on Monday to finish at $13.60 apiece as investors resorted to profit-taking following four straight days of rally, while unloading portfolios ahead of the looming deadline for residential clean energy tax credits. Similar to solar companies, Eos Energy Enterprises, Inc.’s (NASDAQ:EOSE) battery business is expected to take a beating ...

The Boston-based tech company is gaining traction in its mission to modernize lithium batteries.SES AI Corporation (SES 5.08%) might not get as much press as other, more famous, artificial intelligence (AI) companies, so you may not have heard that the stock is up over 400% in the past 12 months. SES is on a mission to create the next generation of lithium batteries. The lithium battery industry is ripe for modernization, as well as AI innovation, with real-world applications in automobiles, drones, and mor ...

China Battery Materials Flash | 27 Nov 2025 11:28:30 ET │ 11 pages Lithium into 4th week of Nov – All eyes on JXW CITI'S TAKE The latest weekly dataset suggests brine-based lithium carbonate output should swing to the downtrend due to the winter seasonality, bringing the weekly lithium output to be down by 265 tons. According to ZE Consulting, lithium production pipeline is estimated to be up by 4% MoM to reach a monthly record high level at 94,600 tons in Dec-25. Within that, we believe ZE Consulting has f ...

Summary of Key Points from Azure's Conference Call Company Overview - **Company**: Azure (002245 CH, NC) - **Business Segments**: - Consumer Batteries: 43% of total revenue in 1H25 - LED Chips: 23% of total revenue - Metal Logistics: 32% of total revenue - **Market Position**: Azure and Eve Energy are gaining market share in the global power tool lithium battery segment, surpassing Japanese and South Korean manufacturers [2][2] Business Performance Insights - **Metal Logistics**: Expected to see double-digit growth in 2025, up from previous single-digit growth, driven by new products entering server applications [3][3] - **LED Chip Business**: - Supply exceeds demand in the end market - Focus on high-end products has led to rapid improvement in performance - Profit in 1H25 nearing full-year profit of the previous year [4][4] - **Consumer Battery Business**: - Targeting shipment of 700 million units in 2025, indicating approximately 60% year-over-year growth - Product range includes various battery types for different applications, with power tools accounting for 70% of shipments [5][5] Future Guidance - **2026 Targets**: - Plans to ship 900 million units of consumer batteries - Focus on high value-added products to enhance pricing power - Competitive technology and product offerings, including semi-solid state batteries [6][6] Market Demand Insights - **Global Power Tool Battery Demand**: - Ongoing double-digit growth driven by increasing electrification - US and Europe account for 80% of the market, but high penetration limits growth - Faster demand growth expected in regions with lower electrification rates [7][7] - **AIDC BBU Demand**: - Estimating total addressable market (TAM) is challenging due to reliance on historical shipments and growth projections - Azure's joint venture with E-One Moli Energy enhances access to high-magnification cylindrical cells [9][10] Product and Pricing Strategy - **BBU Cells**: - Plans to ship one million BBU cells in 2025, with expectations of 50-60 million units in 2026 - Price sensitivity is low, but security requirements are high for downstream customers [11][12] - **Profit Margins**: - First-generation cells priced at $2 each; second-generation cells expected to be at least twice as expensive - Profit margins vary significantly based on sales arrangements [13][13] Industry Context - **BBU vs. BESS**: - Backup power solutions are evolving, with BBUs expected to coexist with BESS and diesel generators - BBUs are essential for rapid response and power backup functions [14][14] Valuation and Risks - **Contemporary Amperex Technology (CATL)**: - Price target based on 2026E EPS of RMB20.0 and PEG of 1.0x, with underlying EPS CAGR of 26% from 2025-2028 [15][15] - **Eve Energy and Sunwoda**: - Price targets based on P/E multiples, with risks including margin erosion and competition [16][17] Conclusion - Azure is positioned for significant growth in the consumer battery and power tool segments, with strategic investments in high-end products and a focus on expanding market share in emerging regions. The company faces challenges in estimating demand for AIDC BBUs but is leveraging partnerships to enhance its competitive position.