Group 1: Industry Events - The 2025 High-Performance Lithium Battery Annual Conference will be held from November 18-20, 2025, at the JW Marriott Hotel in Shenzhen, marking the 15th anniversary and the Golden Ball Award ceremony [1] Group 2: Company Developments - Kandi Technologies has officially signed a framework procurement contract with CATL to become a supplier of battery swap station equipment [2] - Leado Automotive has launched a pilot program for a 60 kWh battery rental scheme for its L90 model, allowing users to save approximately 3,600 RMB annually [3] - Ganfeng Lithium has established a subsidiary, Shenzhen Guangchu Energy Technology Co., Ltd., with a registered capital of 150 million RMB [4] - Ruipu Lanjun reported a revenue of 9,491.1 million RMB, a 24.9% increase year-on-year, with a gross profit of 777.7 million RMB, reflecting a 389.7% increase and a gross margin rise to 8.5% [7] Group 3: Market Trends - Lithium carbonate prices continue to rise, with industrial-grade lithium carbonate priced at 79,500 RMB per ton, up 5.3% from the previous day [9] - Albemarle's lithium production lines in Chile have faced shutdowns due to safety issues, leading to a significant price increase in lithium futures [10] Group 4: International Developments - Tesla is seeking to diversify its battery supply chain by procuring square batteries from South Korean manufacturers, moving away from exclusive reliance on CATL [11] - Ford announced a $5 billion investment in Kentucky and Michigan to create nearly 4,000 jobs for producing new electric vehicles and advanced LFP batteries [14]

Core Insights - Leado Automotive has officially launched a pilot program for the L90 model with a 60 kWh battery rental option, responding to user demand for smaller battery packs [1] - The company emphasizes that the 60 kWh battery rental does not face technical barriers, leveraging NIO's battery swapping system [1] - A significant shift in consumer behavior is noted, with over 96% of NIO owners and 97.7% of Leado L60 owners opting for standard range battery packs, indicating a move towards more rational consumption [1] Summary by Sections Product Offering - The L90 model will allow users to rent a 60 kWh battery, which is seen as sufficient for commuting needs, with a monthly rental fee reduction of 300 yuan, saving users 3600 yuan annually [1] - Users can enjoy over 400 km of urban range with the 60 kWh battery, and for long-distance travel, they can flexibly upgrade to an 85 kWh battery at a cost of 45 yuan per day [1] User Options and Flexibility - Existing users can contact sales for battery configuration changes, and those who have purchased vehicles can downgrade to the 60 kWh battery for 1 yuan within three months [2] - Users selecting the 60 kWh battery will have a "regret remedy" option, allowing them to upgrade to the 85 kWh battery permanently for 1 yuan within one year [2] Target Audience - The company suggests that users living in areas with home charging capabilities may prefer the 60 kWh battery, while those in regions with less charging infrastructure should consider the 85 kWh option [2]