DOVER, USA, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (NASDAQ: EPOW) (“Sunrise” or the “Company”) today announced that its subsidiary, Sunrise (Guizhou) New Energy Materials Co., Ltd., has entered into a high-value sales contract with Guizhou Jiaying Technology Co., Ltd. (“Jiaying”). Under the terms of the agreement, Sunrise Guizhou will supply 10,000 tons of synthetic graphite anode materials over one year, with a total contract value of approximately USD 30 million. This contract repr ...

SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Dec. 01, 2025 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) (f/k/a Alternet Systems, Inc.) completed all regulatory processes to change the company’s ticker symbol from ALYI to MBAK on the OTCID market. This change became effective on 28 November 2025 where the company is now listed as OTC:MBAK. MBAK Energy Solutions, Inc. is engaged in the development, manufacturing, and commercialization of non-fossil fuel energy products. The comp ...

RENO, Nev., Nov. 28, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in energy storage and maker of Battle Born Batteries®, brings to market the Battle Born® Power Station Series, the company’s debut line of all-in-one portable power stations designed for demanding professional and off-grid applications. The Battle Born® Power Station 3000 and Battle Born® Power Station Pro 5000 expand the Company’s product portfolio into ful ...

Economic Indicators and Corporate Performance - China's services trade deficit has widened to $164.4 billion for the January-October period, with a deficit of $11.2 billion in October alone, indicating ongoing challenges in balancing international trade in services [2][10] - Meituan reported a disappointing third quarter with an adjusted net loss of 16.0 billion yuan, which is significantly wider than the estimated loss of 13.96 billion yuan, and its revenue of 95.5 billion yuan fell short of the 97.47 billion yuan estimate [4][10] Regulatory Developments - The Industry Ministry of China plans to regulate excessive competition in the battery sector and aims to guide battery firms in expanding overseas in a "reasonable and orderly" manner, indicating a strategic effort to consolidate and globalize the industry [3] Global Economic Trends - Germany's labor market showed mixed signals with a slight increase in unemployment by 1,000, while the unemployment rate remained stable at 6.3%, and inflation data indicated a monthly decline of 0.2% in November [5][10] - Taiwan's economy demonstrated robust performance with a preliminary Q3 GDP growth of 8.21% year-over-year, exceeding the estimated 7.60%, and the 2026 GDP growth forecast was revised upwards to 3.54% from 2.81% [8][10] Market Trends - Gold is experiencing a significant rally, poised for its fourth consecutive monthly gain, driven by optimism over potential Federal Reserve interest rate cuts, which typically boosts the appeal of non-yielding assets like gold [11]

Group 1: Apple and India's Anti-Trust Law - Apple has challenged India's anti-trust law, arguing that fines based on global turnover violate constitutional rights [1] - The company contends that penalties should reflect relevant turnover in the Indian market rather than worldwide revenue [1] - The Delhi High Court is set to hear the case on December 3, which could reshape how competition penalties are calculated in India [1] Group 2: Income Tax Department's Nudge Campaign - The Income Tax Department is targeting 25,000 high-risk taxpayers with undisclosed foreign assets ahead of the Income Tax Return deadline for AY2025-26 [1] - Non-disclosure of foreign assets can result in penalties of ₹10 lakh, plus 30% tax and penal interest [1] - Last year, over 24,600 taxpayers revised returns, revealing foreign assets worth ₹29,000 crore [1] Group 3: Tesla's Trademark Case - The Delhi High Court granted an interim injunction in favor of Tesla Inc, preventing Tesla Power India from using the names 'Tesla Power' or 'Tesla Power USA' [2][3] - The court recognized Tesla's prior use, goodwill, and reputation, noting that the Indian company's branding could mislead consumers [3] - Tesla Power India has stated it will not manufacture or market EVs under the disputed trademarks until the case is resolved [4] Group 4: Envision Group's Battery Plant in India - China's Envision Group is considering establishing a battery manufacturing plant in India to support the country's renewable energy initiatives [4] - The proposed 5 GWh plant, with an investment of $34 million, will import cells from China while building racks and software locally [4] - India's battery storage capacity is currently under 1 GW but is expected to reach 46 GW by 2032, highlighting the growing importance of batteries for grid stability [5]

Summary of the Conference Call on China Battery Materials Industry Overview - The report focuses on the **China Battery Supply Chain**, particularly the **battery materials industry** and **electric vehicle (EV) battery production** [1][3]. Key Insights - **Production Trends**: The production pipeline of the top five battery makers is expected to remain flat month-over-month (MoM) and show a 48% year-over-year (YoY) increase, reaching approximately **148 GWh** in December 2025 [1][3]. - **EV Battery Demand**: There is a noted decline in EV battery production due to: 1. The approach of a traditional slack season. 2. The consumption of front-loading demand as China plans to halve the purchase tax exemption for EVs starting January 1, 2026 [1]. - **Energy Storage Systems (ESS)**: Demand for ESS batteries remains strong, which is helping to offset the downturn in EV battery demand [1]. - **CATL's Production**: CATL, a leading battery manufacturer, is projected to increase its production pipeline by **4% MoM** in December 2025, indicating robust operational capacity [1]. Financial Valuation - **CATL Valuation**: - The target price for CATL's Hong Kong shares is set at **HK$621/share**, based on a **17.3x 2025E EV/EBITDA** multiple, which is 0.15 standard deviations above its historical average [8]. - For CATL's A-shares, the target price is **Rmb571/share**, also based on a **17.3x 2026E EV/EBITDA** multiple [10]. Risks Identified - The report highlights several risks that could impact CATL's stock performance: 1. Lower-than-expected demand for EVs. 2. Increased competition in the EV battery market, potentially reducing CATL's market share. 3. Higher-than-expected raw material costs [9][10]. Production Forecasts - **Cathode Production**: Expected to increase by **1% MoM** [4]. - **Anode Production**: Anticipated to remain flat MoM [5]. Conclusion - The China battery materials industry is currently experiencing a mixed landscape with strong ESS demand counterbalancing the seasonal decline in EV battery production. CATL remains a key player with positive production forecasts and a solid valuation outlook, although it faces significant risks that could affect its market position and stock performance [1][9][10].

Core Viewpoint - NextSource Materials Inc. successfully hosted a site visit for its first commercial-scale Battery Anode Facility in Abu Dhabi, attracting global and regional investors [1] Group 1: Company Developments - The site visit took place on November 25, 2025, at the property and industrial building secured for the Battery Anode Facility [1] - The event included a delegation of investors, sovereign-linked stakeholders, and global financial institutions evaluating participation in the strategic funding process [1] Group 2: Industry Context - The establishment of the Battery Anode Facility in the Industrial City of Abu Dhabi highlights the growing interest in battery materials and the electric vehicle supply chain [1]

Core Insights - CATL has initiated the construction of Spain's largest battery manufacturing facility in collaboration with Stellantis, with an investment of €4.1 billion ($4.8 billion) in Aragon, expected to start production by late 2026 [1][2] - The project is supported by over €300 million in funding from the European Union, highlighting the strategic importance of battery manufacturing in Europe [1] - The factory aims to contribute significantly to the re-industrialization of Europe, as stated by Spain's Industry Minister [2] Investment and Employment - The facility will involve approximately 2,000 Chinese workers during construction, with plans to employ and train around 3,000 Spanish workers as operations progress [2][4] - Local unions are collaborating with CATL to design training programs for Spanish workers, emphasizing the need for skill development in new technologies [4] Technological and Industrial Context - The Aragon region is positioning itself as a hub for battery manufacturing, benefiting from lower labor costs and industrial energy prices compared to other European regions [4] - The project is part of a broader trend, with three additional battery plants planned in Spain involving other companies like Envision AESC, Volkswagen's PowerCo, and InoBat [5] - There are concerns regarding technological capabilities, as the region has limited experience with the required components and technologies [3][5] Regulatory Environment - The project is occurring amid calls from European automotive industry bodies for stricter local content rules in vehicle and battery production to protect domestic manufacturers from Chinese competition [6]

Core Insights - The recent selection of three private enterprise scientists as academicians of the Chinese Academy of Engineering signals a shift in China's technological innovation from academia to market-oriented applications, indicating a more pragmatic approach to resource allocation in technology [1][2][3] - The inclusion of these scientists, such as Lian Yubo from BYD and Wu Kai from CATL, highlights the significant contributions of private enterprises in key technological breakthroughs and the commercialization of innovations [1][2] Group 1: Recognition of Private Enterprises - The election of these academicians reflects the recognition of private enterprises' contributions to new productive forces, with statistics showing that private enterprises account for 70% of national technological innovation achievements and 80% of specialized "little giant" companies [2][3] - The new academicians are not only top scientists but also practical innovators who can transform technology into products, showcasing the importance of private enterprises in driving technological advancements [2][3] Group 2: Evolution of China's Innovation System - The addition of industry practitioners to the academician ranks indicates a shift in China's research evaluation criteria, moving from a focus on publications to valuing technological and industrial contributions [3] - The honor of being an academician serves as a form of "technical certification" for private enterprises, motivating their research and innovation personnel to strive for excellence [3] - The trend suggests that as private enterprises continue to innovate, more researchers from these backgrounds may achieve academician status, fostering a positive cycle of market-oriented research and high-quality economic development [3]

Regulatory Challenges - Apple is facing a potential antitrust penalty of up to $38 billion in India, highlighting increasing global regulatory scrutiny on technology giants [2][8] Energy Sector Activity - The US Baker Hughes Rig Count decreased by 10 rigs to a total of 544 as of November 28, with a notable drop of 12 rotary oil rigs to 407, indicating a contraction in drilling activity [3][8] UK Fiscal Policy - Vanguard plans to increase its investment in UK gilts, reflecting renewed investor confidence following the recent UK budget announcement [4][8] Housing Market Trends - U.S. mortgage rates eased for the week of November 26, with the average 30-year fixed rate at 6.23% and the 15-year fixed rate at 5.51%, potentially stimulating activity in the housing market [5][8] Automotive Industry Developments - The joint venture between CATL and Stellantis is open to employing local workers for the construction of their Aragon battery plant, although the number of Chinese workers involved remains unconfirmed [6][8]