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EV Cars – Battery-powered vehicle registrations in China are expected to grow 20%, reaching 12 million units—more than double the 5.9 million sold in 2022. Meanwhile, ICE vehicle sales will decline by 10%, dropping below 11 million units. Analysts from UBS, HSBC, and Morningstar agree that this transition is imminent and inevitable 30-12-2024 - Archive

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EV Cars

EV Cars

Polyestertime
ITEM 23/12/2024 30/12/2024 +/-
Bottle grade PET chips domestic market 6,110 yuan/ton 6,070 yuan/ton -40
Bottle grade PET chips export market     815 $/ton 795  $/ton -20
LDPE CFR Est China 1,160 $/ton 1,160 $/ton
PET Semidull Fiber chips

PET Bright

6,080 yuan/ton

6,090 yuan/ton

6,050 yuan/ton

6,070 yuan/ton

-30

-20

Pure Terephthalic Acid PTA domestic market

EV Cars

4,790 yuan/ton 4,735 yuan/ton
-55
Pure Terephthalic Acid PTA FOB China 618 $/ton 605 $/ton -13
Monoethyleneglycol MEG South China 4,800 yuan/ton 4,880 yuan/ton
+80
Monoethyleneglycol MEG CFR China 552 $/ton 538 $/to -14
Paraxylene PX FOB  Taiwan market 848 $/ton 838 $/ton
-10
Paraxylene PX FOB  Korea market 830 $/ton 820 $/ton -10
Paraxylene PX FOB EU market 841 $/ton 851 $/ton +10
Polyester filament POY 150D/48F domestic market 6,925  yuan/ton 6,950 yuan/ton
+25
Recycled Polyester filament POY  domestic market 6,750 yuan/ton 6,760 yuan/ton +10
Polyester filament DTY 150D/48 F domestic market 8,250 yuan/ton 8,250 yuan/ton
Polyester filament FDY 68D24F 8,100 yuan/ton 8,100 yuan
Polyester filament FDY 150D/96F domestic market

EV Cars

7,400 yuan/ton 7,400 yuan/ton
Polyester staple fiber 1.4D 38mm domestic market 7,070 yuan/ton 6,980 yuan/ton -90
Caprolactam CPL domestic market 10,550 yuan/ton 10,400 yuan/ton
-150
Caprolactam CPL  CFR China 1,480 $/ton 1,440 $/ton -40
Nylon 6 chips overseas  market 1,750 $/ton 1,800 $/ton +50
Nylon 6 chips conventional spinning domestic  market 11,850 yuan/ton 11,600 yuan/ton -250
Nylon 6 chips  high speed spinning domestic  market 12,500 yua/ton 12,400 yuan/ton -100
Nylon 6.6 chips domestic  market 17,300 yuan/ton 17,300 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market 14,800 yuan/ton 14,600 yuan/ton -200
Nylon6 Filament DTY 70D/24F domestic  market 17,200 yuan/ton 17,000 yuan/ton -200
Nylon6 Filament FDY  70D/24F  15,700 yuan/ton 15,500 yuan/ton -200
-Spandex 20D  domestic  marke 27,200 yuan/ton 27,200 yuan/ton
Spandex 30D  domestic  market 26,700 yuan/ton 26,700 yuan/ton
Spandex 40D  domestic  market  23,700 yuan/ton 23,700 yuan/ton
Adipic Acid China domestic market 8,400 yuan/ton 8,100 yuan/ton -300
Benzene domestic market East China 7,520 yuan/ton 7,250 yuan/ton -270
Benzene CFR  China 924 $/ton 913 $/ton -11
Ethylene South East market 920 $/ton 920 $/ton
Ethylene NWE market CIF 796 $/ton  800 $/ton +4
Acrylonitrile ACN  domestic market 9,700 yuan/ton 9,550 yuan/ton -150
Acrylonitrile ACN  overseas market 1,250 $/ton 1,245 $/ton -5
Acrylic staple fiber ASF CFR China 14,600 yuan/ton 14,600 yuan/ton
VSF viscose staple fiber 13,800 yuan/ton 13,800 yuan/ton
PP Powder domestic market 7,250 yuan/ton 7,230 yuan/ton -20
Naphtha overseas market  609 $/ton 610 $/ton +1
Phenol domestic market

Jinan Dezheng Chemical Co., LtdYanshan Petrochemical

Shandong Province

7,907 yuan/ton 7,907 yuan/ton

80recycled PET  =                    5,200 yuan/ton  —          5,100  yuan/ton         -100

EV Cars

Kagawa Plant to Expand Anode Material Production for EV Lithium-Ion Batteries

Mitsubishi Chemical Group plans to boost production of anode material for lithium-ion batteries, primarily used in electric vehicles (EVs), at its Kagawa Plant in Sakaide, Kagawa Prefecture. The expanded operations are set to begin in October 2026.

Anode material, a key lithium-ion battery component, is typically made from natural or synthetic graphite. Mitsubishi Chemical excels in producing natural graphite-based materials, known for their lower greenhouse gas emissions and favorable lifecycle assessments. Utilizing proprietary technology, the Group has developed a high-performance grade of natural graphite that mitigates swelling, a common issue affecting battery life, surpassing the capabilities of synthetic graphite. EV Cars

This production increase aims to meet growing demand, strengthen supply chains, and support carbon-neutral mobility initiatives. By focusing on advanced natural graphite materials, the Group reinforces its commitment to sustainable innovation in the EV sector.

Key Details:

  • Location: Kagawa Plant, Mitsubishi Chemical Corporation (Sakaide, Kagawa Prefecture, Japan)
  • Start Date: October 2026 (tentative)
  • Production Capacity: 11,000 tons/year EV Cars

This expansion aligns with global efforts to decarbonize transportation and fortifies Mitsubishi Chemical Group’s position as a leader in advanced battery materials.

EV Cars

China Set to Dominate Electric Vehicle Market by 2025

China is poised to lead the global electric vehicle (EV) market, outpacing slower adoption in Europe. According to the Financial Times, EV sales in China are projected to surpass internal combustion engine (ICE) vehicles by 2025, marking a significant industry milestone.

Battery-powered vehicle registrations in China are expected to grow 20%, reaching 12 million units—more than double the 5.9 million sold in 2022. Meanwhile, ICE vehicle sales will decline by 10%, dropping below 11 million units. Analysts from UBS, HSBC, and Morningstar agree that this transition is imminent and inevitable.  EV Cars

This shift reflects a profound transformation in China’s automotive sector. Traditional car sales are forecasted to fall by over 30% from 2022 levels, while EV sales, including plug-in hybrids, are increasing by 40% annually.

China’s progress contrasts with Europe and the U.S., where EV adoption faces challenges such as local manufacturers’ slow electrification efforts, uncertainty over subsidies, and stricter protectionist policies. Robert Liew of Wood Mackenzie emphasizes China’s technological leadership and robust supply chains for strategic materials, driving its electrification goals far ahead of competitors. EV Cars

By 2025, China is expected to achieve its 2035 government target—EVs accounting for 50% of new registrations—a decade early. Although Norway leads with over 90% of new EV registrations, China’s dominance is clear. Foreign brands’ market share in China has fallen from 64% in 2020 to 37% in 2024, as Chinese automakers launch 90 new models in late 2024 alone, reshaping global industry dynamics.

China Set to Dominate Electric Vehicle Market by 2025

Solid-State Batteries: A Pivotal Year Ahead in 2025

Solid-state batteries are poised to revolutionize electric vehicles (EVs), offering a leap forward in performance and safety. Long hailed as the ultimate solution, these batteries could see industrial-scale production by 2025. Unlike conventional lithium-ion batteries, solid-state versions replace liquid electrolytes with solid materials, enhancing energy density while maintaining comparable size. This innovation promises longer range and improved efficiency for EVs.

The technology’s design incorporates a solid separator between the anode and cathode, coupled with a gel-like electrolyte for energy conduction. This setup reduces weight, enables faster charging, and improves resistance to extreme temperatures. Additionally, the reduced reactivity lowers the risk of fires, even under damage or overheating. Solid-state batteries thus present a significant advancement for lightweight EVs and heavy-duty models alike, potentially extending range dramatically. EV Cars

Global automakers are accelerating development. IM Motors and Nio have introduced semi-solid battery systems, enhancing vehicle range. Stellantis plans to test Factorial’s semi-solid packs in 2026, prioritizing larger models like Alfa Romeo and Maserati using its STLA Large platform. Similarly, Honda has launched a pilot line in Japan, aiming to integrate solid-state batteries into its hybrids and EVs by the late 2020s.

Toyota projects its own solid-state battery debut by 2027 or 2028, touting enhanced range and rapid charging. Meanwhile, Nissan and BMW target similar timelines, while Mercedes-Benz, despite ongoing collaborations, remains cautious about their necessity.

With such momentum, 2025 could mark a breakthrough for solid-state batteries in the EV industry.  EV Cars

Solid-State Batteries: A Pivotal Year Ahead in 2025

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