Latest Update in the SMM Lithium Market

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[Company] Growth of 248%! Chengdu Company, a subsidiary of Tianqi Lithium, increases capital to RMB 8.7 billion [Update] Total investment of RMB 2.1 billion! A project with an annual output of 15,000 mt of lithium carbonate lands in Ganzhou, Jiangxi [Highlight] XTC New Energy Materials (Xiamen): Sales of new energy material products reach approximately 47,600 mt in the first five months [Company] Yahua Group will establish Yahua Lithium Group to integrate lithium businesses and achieve cost reduction and efficiency improvement [Highlight] CATL and Tianqi Lithium establish a joint venture with a registered capital of RMB 500 million [Investment] RMB 1 billion! 3,000 mt! Dazhong Mining plans to invest in and build a new material project for lithium metal batteries in Hunan

CATL (SHE: 300750) saw its market share in China's electric vehicle (EV) battery market rise compared to the previous month, while BYD (HKG: 1211, OTCMKTS: BYDDY) saw a decline.

Chery is set to reach a cumulative total of 5 million car exports later this month, becoming the first Chinese automaker to achieve this milestone.

Cui Dongshu, Secretary General of the Automobile Market Research Branch of the China Automobile Dealers Association, delivered a speech on "Analysis and Future Prospects of the Global New Energy Vehicle Market." He pointed out that the uncertainty of the external economic and trade environment will increase in 2025, the circle of friends for China's automobile exports will gradually stabilize, the policy support for the automobile industry will be unprecedented in history, and the global automobile production system will shift from the United States, Japan, and South Korea to China and emerging markets.

[6.23 Lithium Battery News] ►China Leads the Release of Three International Standards in the Electricity ESS Sector ►Chen Shihua from CAAM: Vehicle Exports Showed Good Resilience and Maintained Steady Growth in the First Five Months of This Year ►CosMX Battery: The Company's Oxide Solid-State Electrolyte Materials Have Been Successfully Applied to Some Consumer Battery Products ►Yuanhang Precision: Established Long-Term and Stable Cooperative Relationships with Well-Known Domestic and Overseas Manufacturers as Well as End-Users ►Kedali: Plans to Invest No More Than 50 Million Euros in the Construction of Phase III of the Hungary Power Battery Precision Structural Components Project ►UW Laser: Provides Equipment for CATL's Solid-State Battery Production Line

In recent years, China's battery and new energy industry has been mired in a brutal period of profound adjustment, with power and ESS battery prices plummeting, severely compressing the profit margins of most enterprises and plunging them into losses. During this industry downturn, a number of enterprises lacking core competitiveness have been forced to exit the market, with several cross-industry players delaying or terminating their projects. However, in stark contrast to the retreat of small and medium-sized enterprises, top-tier enterprises have expanded against the trend. Since 2025, there have been frequent announcements regarding project planning, implementation, commencement, and operation.