Samsung SDI has made an equity investment in FINO, the Korean subsidiary of CNGR. The investment was carried out through participation in a third-party allotment capital increase. FINO announced on the 27th that it will issue new shares worth KRW 70 billion via a third-party allocation, totaling 14,294,467 common shares at an issue price of KRW 4,897 per share.

[SMM Newsflash] According to the announcement of Wuxi Yoshioka Precision Technology Co., Ltd., to implement the company’s international development strategy and accelerate its expansion into markets outside China, the company, together with its wholly owned subsidiary Yoshioka Seiki Co., Ltd., increased capital in its wholly owned subsidiary YOSHIOKA SEIKI (THAILAND) CO., LTD. to build a Thailand production site, with a view to developing the Southeast Asian market and responding to order demand from clients outside China.

[SMM Flash News] According to reports, recently, Hailing District, Taizhou City, Jiangsu Province held a mobilization, deployment, and work advancement meeting for the “Year of Project Breakthrough.” The meeting was conducted in stages, with the first stage being project groundbreakings, and the Suzhong Aluminum high-end engine block manufacturing project officially commenced construction. The project is a capital increase and capacity expansion initiative by a local enterprise, invested in and developed by Jiangsu Suzhong Aluminum Co., Ltd. It is expected to use 80 mu of land and will deploy multiple high- and low-pressure aluminum die-casting and machining production lines, mainly producing high-end aluminum parts for special-purpose vehicles and NEVs.

On February 3, 2026, Fulin Precision Industrial Co., Ltd. announced that relevant proposals were reviewed and approved at the 31st meeting of the company’s fifth board of directors held on February 2. The company and Contemporary Amperex Technology Co., Limited (CATL) will jointly conduct a capital increase and share expansion for the controlling subsidiary, Jiangxi Shenghua New Materials Co., Ltd. According to the plan, Fulin Precision intends to convert its 500 million yuan debt in Jiangxi Shenghua into additional capital, subscribing to an increased registered capital of 406.504065 million yuan. CATL will increase capital by 747.141913 million yuan in cash, subscribing to an increased registered capital of 607.432450 million yuan.

On January 29, 2026, the power battery enterprise Times Changan Power Battery Co., Ltd., jointly established by CATL, Deepal Auto, and Changan Automobile, completed its industrial and commercial registration changes, with its registered capital significantly increasing from 1.5 billion yuan to 4 billion yuan, a surge of 167%. Following this capital increase, the investment amounts of the three major shareholders were adjusted accordingly: CATL, as the controlling shareholder, increased its investment to 2.04 billion yuan, maintaining a 51% stake; Deepal Auto invested 1.2 billion yuan, holding a 30% stake; and Changan Automobile invested 760 million yuan, holding a 19% stake.

[Two Major South Korean Battery Giants to Deploy LFP Battery Capacity in the US] Recently, Samsung SDI and General Motors agreed to introduce an LFP battery production line for EVs at their joint venture plant in Indiana by 2027. Originally, the plant was only planned to produce ternary lithium batteries with a nickel content exceeding 80%, but now it will produce both types. Previously, Samsung SDI announced that it would raise 2 trillion won (approximately 9.96 billion yuan) through the issuance of new shares to invest in factories and new technologies in the US and Europe. The company will issue 11.821 million common shares at a price of 169,200 won per share. Samsung SDI plans to use the proceeds from the capital increase to invest in its joint venture with General Motors in the US, expand the capacity of its battery plant in Hungary, Europe, and invest in its solid-state battery production line facilities in South Korea.