Core Viewpoint - Foton Motor (600166) is establishing a joint venture with EVE Energy to expand its new energy heavy truck business and provide diverse battery leasing solutions, aiming to reduce costs and improve profit margins in the new energy sector [1][5]. Group 1: Joint Venture Details - The joint venture is tentatively named Beijing Foton EVE New Energy Technology Co., Ltd., with a registered capital of 500 million RMB, equally contributed by Foton Motor and EVE Energy [3]. - The investment will be made in three phases, with the first phase of 50 million RMB to be contributed within 90 days of the joint venture's establishment, followed by two additional phases of 100 million RMB each by the end of 2027 and 2028 [4]. Group 2: Market Position and Performance - Foton Motor is a state-controlled listed company and the leading commercial vehicle manufacturer in China, with a market share of 15.9% and sales of 614,100 units in 2024, maintaining a significant lead over competitors [7]. - The company has developed a comprehensive product matrix in the new energy vehicle sector, including pure electric, hybrid, and hydrogen fuel technologies, and has seen a substantial increase in new energy vehicle sales, with a 151.09% year-on-year growth in production and 180.66% in sales during the first four months of 2025 [7][9]. Group 3: Strategic Importance of the Partnership - The collaboration with EVE Energy is expected to enhance Foton Motor's market competitiveness in the new energy heavy truck segment, ensuring stable supply of core battery resources and leveraging EVE Energy's technology [5][10]. - EVE Energy has been recognized as a strategic partner by Foton Motor, contributing significantly to the battery supply for Foton's new energy logistics vehicles, with a notable market share in the commercial vehicle battery sector [11]. Group 4: Industry Trends and Future Outlook - The commercial vehicle sector is undergoing a significant transition towards electrification, with new energy commercial vehicle sales increasing by 60% year-on-year in the first quarter of 2025, indicating a growing market potential [13]. - EVE Energy is actively expanding its presence in the commercial vehicle battery market, launching new products and establishing partnerships to enhance its market share and production capacity [14][16].

全方位扩展，鹏辉能源也在积极拥抱未来。 起点锂电获悉， 5 月 26 日河南驻马店市政府与鹏辉能源一拍即合签署协议，内容包括固态电池产业化、新能源装备升级、"豫产豫用"三大 类 ，并围绕产业绿色转型和零碳城市建设两大主题，展开重点推进，加速源网荷储一体化、零碳示范场景建设。 此次合作方式为构建 "零碳园区—虚拟电厂—智能微电网"框架，布局零碳学校、医院、园区等多场景，加快实现相关项目落地，在当地构建 完整的新能源产业链。 不仅如此，近日鹏辉还联手明泰铝业发力固态电池和钠电池以及铝回收等业务。结合去年情况可得知鹏辉正顶住压力，用逆势扩产方法实现突 围。 01 将钱花在 "刀刃"上 尽管 2024 年的鹏辉能源受到行业影响，但上游材料成本低与电芯价格低同步，也让公司毛利率没有过于难看， 12% 多的毛利率跟中创新 航差不多，高于南都以及德赛。 所以公司的主营业务还处于正常状态，并没有因为短暂的亏损而伤筋动骨，并且从管理费用、财务费用、研发费用增长上来看，该公司将大部 分的钱用于扩产项目和技术研发上，属于有效投资。 当前鹏辉能源已经从单一的电池供应商，转变为多场景解决方案提供商，公司维度上了一个台阶。 消费电子方面 ...

Group 1 - The event focuses on new technologies and expanding new markets in the electric two-wheeler and battery sectors [4][5] - The conference will feature the release of the "2025 China Two-Wheeler Battery and Swap Station TOP Rankings and Industry White Paper," which includes rankings for top manufacturers and operators in the industry [4] - The global two-wheeler battery swap market is experiencing rapid growth driven by policy support, demand for instant delivery, and technological upgrades [4] Group 2 - The event will include discussions on high-safety, high-rate, high-energy density, long-cycle life, and low-cost battery products [4] - Emerging applications in low-altitude flight, mobile electric tools, humanoid/robotic technology, smart homes, and energy storage are driving the growth of lightweight power and small-scale energy storage markets [4] - AI technology is accelerating the development and optimization of new battery technologies such as sodium batteries and full-tab cylindrical batteries for two-wheeler applications [4] Group 3 - The agenda includes specialized sessions on electric two-wheeler technology, battery technology, and the impact of new national standards on battery safety [6][7] - Key topics will cover trends in lithium battery development, challenges in battery safety, and the application of manganese iron phosphate in two-wheeler batteries [6][7] - The event will host various industry players, including electric two-wheeler manufacturers, battery companies, equipment suppliers, and material providers [9]

Core Viewpoint - The recent transfer of control in Shangwei Co., Ltd. to Fuhua Chemical is expected to stabilize the company's operations and protect the interests of creditors and minority shareholders [1][2]. Group 1: Shareholder Changes - On May 23, Shangwei Co., Ltd. announced that its controlling shareholder, Li Guangsheng, has transferred 36 million shares to Fuhua Chemical, changing the actual controller to Zhang Hua [1]. - After the transfer, Li Guangsheng holds 25.72 million shares, representing 4.14% of the total share capital, while Fuhua Chemical holds 158 million shares, accounting for 25.35% [1]. Group 2: Fuhua Chemical Overview - Fuhua Chemical, a leading chemical company in Sichuan, has a diverse product range including fine and basic chemicals, with significant market positions in glyphosate and ion-exchange membrane caustic soda [1][2]. - The company reported revenues of 9.529 billion yuan, 6.929 billion yuan, and 7.672 billion yuan for 2022, 2023, and 2024 respectively, with net profits of 2.770 billion yuan, 600 million yuan, and 603 million yuan [2]. Group 3: Future Plans and Developments - Fuhua Chemical may consider asset sales, mergers, or partnerships within the next 12 months to enhance Shangwei's sustainable development and profitability [3]. - The company previously sought to list on the Shenzhen Stock Exchange but withdrew its application, having distributed dividends exceeding its net profits for 2020 and 2021 [2].

Core Viewpoint - The competition for "safety certification" in the electric vehicle battery industry has intensified, with the new national standard GB38031-2025 mandating "non-flammability and non-explosion" as compulsory requirements [1][2]. Group 1: Industry Developments - The Ministry of Industry and Information Technology released the new safety requirements for electric vehicle batteries, emphasizing extreme scenario testing [1]. - Nine battery manufacturers and twenty automotive companies have announced compliance with the new national standard, establishing safety benchmarks for the industry [2]. Group 2: Company Achievements - CATL became the first company in China to pass the new national standard certification for its Kirin battery, achieving this milestone with multiple product lines [3]. - BYD's blade battery and flash-charging blade battery have both passed the new national standard, showcasing their technological advantages [4]. - Zhongxin Innovation successfully obtained the new national standard certification, being one of the first battery companies to do so [5]. - Ruipu Lanjun's PHEV series battery was among the first to meet the new national standard, emphasizing high safety and long lifespan [6]. - XWANDA's flash-charging battery 3.0 received certification, setting a new safety benchmark for ultra-fast charging batteries [7]. - Zeekr's self-developed battery passed extensive testing, exceeding industry standards in safety [8]. Group 3: Market Trends - Major automotive brands, including Geely and Great Wall, have announced compliance with the new national standard, indicating a widespread industry shift towards enhanced safety [9]. - The majority of top electric vehicle manufacturers have already met the new safety requirements, reflecting a proactive approach to battery safety [9].

Core Viewpoint - The European Union has postponed the implementation of the battery supply chain due diligence segment of the battery regulation by two years, allowing Chinese lithium battery companies to continue exporting to Europe without restrictions for at least two more years [1][3]. Group 1: Reasons for Delay - Geopolitical factors are a significant reason for the delay, as the battery supply chain is predominantly controlled by East Asian countries, making it challenging for Europe to establish its own production lines in the short term [3]. - There is a lack of consensus among EU member states regarding which third-party verification agencies can certify battery due diligence, leading to insufficient supply of these agencies [3]. - The investigation methods for due diligence have not been finalized, with no clear standards established for how to conduct these investigations [3]. - Conflicts between the Corporate Sustainability Due Diligence Directive (CSDDD) and battery due diligence obligations require further discussion to synchronize the legislative guidelines [4]. Group 2: Implications for the Industry - The delay in regulations provides a valuable opportunity for domestic lithium battery companies to prepare for eventual compliance and enhance their export capabilities to Europe [6][8]. - The quality of batteries exported from China to Europe is expected to improve significantly, which may lead to increased technological competition within the industry [9]. - The European market remains crucial for Chinese lithium battery exports, especially as European automotive brands rely on Chinese batteries for their electrification efforts [10]. - The energy storage market in Europe is undergoing transformation, with significant growth in large-scale storage installations, indicating a stable future market for Chinese companies despite potential challenges [11].

Core Viewpoint - Wuyang Honda has unveiled its electrification strategy and launched the high-performance smart electric motorcycle E-VO, marking a significant step in the transition from fuel to electric two-wheelers [1][2]. Group 1: E-VO Specifications - E-VO is the first model in Wuyang Honda's electric FUN EV series, available in dual and triple battery versions with two color options: Milk Apricot White and Extreme Black [2]. - The E-VO features a 74V28Ah battery system developed exclusively by New Energy An, which offers four key advantages addressing user pain points [3]. Group 2: Battery Advantages - The E-VO is equipped with a 6.2kWh large-capacity battery pack, designed for long-range with a cycle life exceeding 1500 times [4]. - It maintains high discharge performance in low-temperature environments down to -20℃, ensuring all-weather adaptability [4]. - The motorcycle employs a partitioned cell layout and directional pressure relief technology, achieving the industry's first five-star fire safety certification, thus ensuring zero explosion risk during thermal runaway [4]. - It is compatible with both home charging stations and fast-charging stations, alleviating range anxiety for users [4]. Group 3: Industry Insights - The collaboration between New Energy An and Wuyang Honda is seen as a model for the two-wheeled electric motorcycle industry, accelerating the transition from fuel to electric [5]. - New Energy An, a joint venture of CATL and ATL, focuses on the two-wheeled vehicle market, having developed the "Kun Yuan" battery specifically for electric motorcycles and forming strategic partnerships with leading electric motorcycle manufacturers [5]. - The electric motorcycle market is projected to exceed $100 billion globally by 2030, driven by the shift towards electric mobility and the advantages of zero emissions and lower operating costs [5]. - Despite the growth potential, challenges such as reduced range in low temperatures and high battery costs remain significant hurdles for the electric motorcycle sector [5]. Group 4: Competitive Landscape - Several battery companies, including Xingheng Power, Boliview, and Tianpeng Power, are focusing on the electric motorcycle market, indicating a competitive landscape [6]. - Xingheng has developed a range of lithium batteries tailored for domestic commuting electric motorcycles, achieving high performance with a peak discharge rate of 2.5C [6]. - Boliview has established a global presence in the electric motorcycle battery market and sees new national standards and battery swapping as potential growth areas [6]. - Tianpeng Power's parent company, Weilan Lithium Chip, is optimistic about the demand for electric motorcycles in Southeast and South Asia [7]. Group 5: Future Outlook - With the technological advancements from these companies, improvements in battery range and cost issues for electric motorcycles are expected to continue [8].

CINE2025钠电及固态电池国际峰会暨展览会 展会背景及简介 钠电池及固态电池作为下一代新能源电池的主要技术路线，是国家重点支持发展的新质生产力，近几年中国钠电及固态 电池产业取得加速发展，产业化进程提速。 根据起点研究院（SPIR)统计整个钠电池及固态电池产业链上下游超过1000+相关企业，企业数量众多，但是缺乏专业的 产业链展会和专业的展示服务平台。在此背景下， 起点钠电、起点固态电池、起点锂电 作为电池行业权威媒体平台顺势 而为，推出了 "CINE2025钠电及固态电池国际峰会暨展览会" ，旨在打造钠电及固态电池等新型电池技术行业第一展， 为电池产业链企业搭建专业展示平台，促进钠电及固态电池产业链高质量发展。 "CINE2025钠电及固态电池国际峰会暨展览会" 是钠电池及固态电池行业首届全产业链专业展会，主要聚焦下一代新型 动力及储能电池技术，也是规模最大的新型动力及储能电池技术专业展会。主办方是新能源电池行业权威媒体平台-起点 钠电和起点锂电，举办时间定档为 2025年11月6日-8日，举办地点为：中国·广州， 展商规模200+，参会企业2000+，专 业观众20000+，同期钠电及固态电池九大论坛 ...

5月25日， 明泰铝业（601677）发布公告称， 与鹏辉能源签订了战略合作框架协议。 双方将 在固态电池和钠离子电池等新型电池的研发工作、产品供货、技术开发、产能布局等方面建立多层次、全方位的战略合作伙伴关系， 同时开展铝回收业务的合作，发挥各自的营业功能和材料收集能力，推动再生铝合金在新能源电池领域的回收及应用。 协议显示，在相关合作中， 鹏辉能源将 优先选用 明泰铝业的产品进行固态电池或其他领域电池项目的配套开发。 二级市场上， 明泰铝业26日上涨，截至收盘报12.18元/股，总市值151.48亿元。 资料显示， 明泰铝业成立于1997年，是 国内首家民营铝加工企业， 主要开展铝板带箔、铝型材、再生资源综合应用业务，产品 广泛应用于 新能源、电子家电、5G 通讯、医药包装、食品包装、交通运输、特高压输电、轨道车体、新基建及军工等众多领域。 产能方面， 明泰铝业 现拥有年处理废铝产能100余万吨、12万吨铝灰渣综合利用产能，铝板带箔业务方面现有产能160余万吨。 据起点锂电了解，基于技术和上游资源优势， 明泰铝业早已涉足新能源电池领域。 在 铝塑膜领域， 明泰铝业在2012年便成功攻克铝塑膜箔生产技术难题 ...

Core Viewpoint - CATL's recent listing on the Hong Kong Stock Exchange marks a significant step in its global strategy, with a focus on expanding its production capacity in Europe, particularly through its Hungarian projects [1][2]. Group 1: Financial and Operational Highlights - CATL's stock opened at HKD 296 per share, a 12.55% increase from the issue price, leading to a market capitalization of HKD 1.43 trillion by May 26 [1]. - The company raised approximately HKD 353 billion, with 90% of the funds allocated to the construction of its Hungarian projects [1]. - The first phase of the Hungarian battery factory has seen an investment of around EUR 700 million, with expectations to complete the factory and production lines within the year [2]. Group 2: Project Details and Capacity - The Hungarian factory, with a planned total capacity of 100 GWh, is crucial for supplying battery products to major European automakers like BMW and Volkswagen [1]. - The project is divided into three phases, with the first two phases targeting a combined capacity of 72 GWh, requiring an investment of approximately EUR 4.9 billion [1]. - By 2026, CATL aims to employ around 3,000 people in Hungary, contributing to the creation of 9,000 jobs overall [5]. Group 3: Challenges and Competitive Landscape - CATL faces significant challenges in Europe, including high construction costs, regulatory hurdles, and competition from South Korean manufacturers who dominate the market [3][6]. - The construction cost for the Hungarian project is reported to be over twice that of domestic facilities in China, with environmental compliance costs exceeding EUR 1,500 per ton of battery produced [3]. - As of early 2024, CATL has achieved a market share of 38% in Europe, increasing to 43% in the first two months of 2025 [7]. Group 4: Strategic Initiatives - To address EU regulations, CATL is investing in local supply chains and forming strategic partnerships with local suppliers to enhance efficiency and reduce costs [4]. - The company is positioning itself as a "zero-carbon technology company," aiming to reshape perceptions of Chinese firms in the global market [4]. - The establishment of a local supply chain has reportedly led to a 20% reduction in raw material procurement costs and a 30% decrease in delivery times [4].