Group 1 - CATL has changed its largest customer, with Xiaomi Auto becoming the top client, accounting for 9.8% of the supply, surpassing Geely (9.6%) and Tesla (8.1%) [3] - In April, CATL led the market with a 44.7% share in the power battery sector, driven by strong performance from Xiaomi's SU7 model, which delivered over 28,000 units in April alone [3] Group 2 - Foton Motor and EVE Energy have established a joint venture, Beijing Foton EVE New Energy Technology Co., Ltd., with a registered capital of 500 million RMB, aiming to expand the new energy heavy truck business [4][5] - The joint venture will provide diverse battery leasing solutions to support cost reduction in power batteries and improve profit margins for new energy heavy trucks [5] Group 3 - Chuangming has begun exporting its high-temperature, long-life cylindrical batteries, marking its entry into the overseas market [6] - The exported lithium batteries utilize full-tab technology, reducing internal resistance by 90% and maintaining stable performance in extreme temperatures from -30°C to 60°C [6] Group 4 - Penghui Energy has signed a strategic cooperation framework agreement with Mingtai Aluminum to collaborate on solid-state and sodium-ion battery development, as well as aluminum recycling [7][8] - The partnership aims to leverage both companies' capabilities in battery technology and material collection to promote the recycling and application of recycled aluminum alloys in new energy batteries [7] Group 5 - BYD has surpassed Tesla in European sales for the first time in April 2025, selling 7,231 pure electric vehicles compared to Tesla's 7,165 [38] - BYD's total sales, including plug-in hybrids, reached 12,525 units, marking a 359% year-on-year increase, while Tesla's sales in China dropped significantly [38] Group 6 - The price of lithium carbonate has fallen below 60,000 RMB per ton, with futures dipping to 59,720 RMB, indicating a significant decline in the market [22] - The current expectation is for lithium carbonate prices to fluctuate between 58,000 and 65,000 RMB per ton in the next 1-3 months [22] Group 7 - A new project in Jiangsu aims to handle 100,000 tons of retired batteries annually, focusing on the entire lifecycle from disassembly to recycling [29] - The project, with a total investment of 480 million RMB, will enhance resource recycling efficiency and strengthen the local battery recycling industry [29] Group 8 - The first phase of a 10,000-ton manganese iron phosphate lithium battery project has been launched by Shanxi Teva Energy Technology Co., Ltd., with a total investment of 3 billion RMB [20] - The project includes 16 fully automated production lines and aims to meet the growing demand for lithium battery materials [20]

Core Viewpoint - Chuangming New Energy is actively expanding its overseas market presence with the launch of its first batch of battery products from its Mianyang base, which features advanced technology and long lifespan capabilities [1][2]. Group 1: Product Launch and Technology - The first batch of exported products consists of 32 series wide-temperature full-tab long-life lithium iron phosphate cylindrical batteries, which utilize full-tab technology to reduce internal resistance by 90% and maintain stable performance in extreme temperatures ranging from -30°C to 60°C [1]. - The batteries have a lifespan of over ten years and are considered to be at a leading level domestically [1]. - These products are well-received by overseas customers and can be applied in various fields, including electric vehicles, electric two-wheelers, home energy storage, base station storage, container storage, and robotics [1]. Group 2: Production Capacity and Infrastructure - Chuangming is establishing a global production network with five digital smart factories and the first wide-temperature quasi-solid-state cylindrical digital high-speed production line in the country, leading the industry in compatibility, data, and efficiency [2]. - The Mianyang base is a key production facility in Southwest China, featuring fully automated production processes from material feeding to packaging [2]. - The Mianyang project, signed in September 2022, is a significant investment project with a planned annual production capacity of 10 GWh once fully operational [2]. Group 3: Market Expansion and Competitive Position - The Mianyang production line is currently ramping up production, focusing on potential markets in Europe, Southeast Asia, India, and Africa, while engaging in technical and business negotiations with numerous overseas clients [3]. - With the official export of products, Chuangming New Energy is expected to further open up its market space overseas, solidifying its competitive position in the cylindrical battery market [3]. - According to data from Qidian Research Institute, Chuangming ranks tenth in global cylindrical battery shipments, with a year-on-year growth of 24% expected in 2024 [3].