Lithium suppliers negotiate tougher terms on price
Lithium buyers and sellers are having important annual supply discussions through 2025 as demand dynamics in the battery industry change. Producers are aiming for better terms after a challenging year for this important battery component. More details on the ongoing negotiations can be found here. Also read: Arkansas could be the future of U.S. lithium production While lithium prices are on track to fall for a second consecutive year, the steep decline seen previously appears to have reached its lowest point. IndexBox data shows that China's lithium carbonate exports in 2023 will be US$518.3 million, and imports will significantly exceed exports, reaching US$6.3 billion. The ongoing negotiations, involving major customers in the cathode, battery and electric vehicle industries, aim to limit discounts previously offered to battery supply chain customers. This strategic focus is intended to be consistent with modest improvements in market conditions over the coming year. Current deals are being discussed at discounts of 0 to 2% to the…
Leaked BYD emails force suppliers to cut costs through 2025
The world's largest electric car maker says it regularly asks major suppliers to cut prices as part of annual negotiations go through Brad Anderson 1 hour ago BYD insists that price reduction requests are negotiable and not mandatory. China's leading electric car maker is on track to sell 4 million vehicles this year. As China's electric vehicle price war continues to intensify, smaller automakers are struggling to survive. The consequences of China’s electric vehicle price war China's electric vehicle price war has been raging for the past two years, forcing smaller automakers out of the market and pushing other automakers to consolidate. The battle has also spurred collaboration between Chinese and Western automakers, as seen in Volkswagen's recent tie-up with Xpeng Motors. Increased competition has kept prices lower for consumers but also increased pressure on automakers to find new ways to cut costs and stay afloat. Tesla and competitors react …
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Guide to visit the Spanish Hotel Suppliers and Services Fair 2024 (time + place + ticket reservation + transportation)
The Spanish Hospitality Suppliers and Services Fair will be held at the Feria de Madrid (Ifema) from October 18 to 18, 2024. The exhibition implements a free entry system by pre-registration and citizens can obtain free entry tickets after registration. From October 18 to 18, 2024, Feria de Madrid (Ifema) will host an industry event: the Spanish Hotel Industry Suppliers and Services Fair (GUEXT). This large-scale event is not only an exhibition, but also a high-end communication platform that brings together renowned national and foreign companies, experts, academics and industry leaders. The following will present information on participating in the exhibition and the exhibition. 1. Time of exhibition October 18-October 18, 2024 (3 days) 2. Visiting time October 18, 9:00 a.m.-6:00 p.m. (Friday) October 19, 9:00 a.m.-6:00 p.m. (Saturday) October 20, 9:00 a.m.-6:00 p.m. (Sunday) October 21, 9:00 a.m.-6:00 p.m. (Monday) 3. Exhibition venue Exhibition room: Madrid Fair (Ifema) address: Feria de Madrid 28042 Madrid Spain 40.468101 -3.617332 4. Exhibition…
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