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  How the Carbon Peak and Carbon Neutrality White Paper Will Impact the Solid-State Battery Industry

  On November 8, 2025, the State Council Information Office released the white paper titled "China's Actions for Carbon Peak and Carbon Neutrality," elevating ESS and new energy technologies to a strategic level. Solid-state batteries, with their core advantages of high energy density and intrinsic safety, have become a key technology for promoting comprehensive electrification of transportation and long duration energy storage (LDES) in the power grid. Driven strongly by the "1+N" policy system, solid-state batteries are gaining huge market demand and policy dividends while also facing opportunities and challenges in accelerating technological breakthroughs, reducing costs, and building a green life cycle recycling system.

• 【SMM Analysis】PEM Electrolyzer Shipment Data for Q3 2025 !

  PEM electrolyzers in Q3 2025 covered 24 enterprises with a total production capacity of approximately 2.78GW; the shipment volume reached around 21MW, a year-on-year decrease of about 27.1% and a month-on-month decrease of roughly 5.4%.

• New Progress in Exploration Around the Fruta del Norte Gold Mine

• ADC12 prices remain firm with cost support, but weak high-price transactions will limit upside room. [SMM Analysis]

  [SMM Analysis]ADC12 prices remain firm with cost support, but weak high-price transactions will limit upside room.

• GAC, Huawei Digital Power forge strategic alliance to boost EV performance and efficiency

  On Nov. 7, GAC Group and Huawei Digital Power signed a strategic cooperation agreement in Guangzhou, marking a new chapter in the two companies' collaboration on electric vehicle innovation.