From July 1 to 3, ASEAN Sustainable Energy Week 2026 was held at the Queen Sirikit National Convention Center in Bangkok. As a leading energy industry event in Southeast Asia in terms of scale and influence, this year’s exhibition, themed “Driving Sustainable Energy Innovation through Regional Partnerships,” brought together energy investors, EPC contractors, and upstream and downstream enterprises along the industry chain from ASEAN countries to explore regional low-carbon transition development paths. Gokin Solar showcased a range of high-efficiency modules and its core wafer product portfolio, offering PV solutions covering multiple scenarios to closely align with local market demand, deepen regional partner collaboration, and further solidify its strategic presence in the Southeast Asian market.

[SMM Magnesium Express]Recently, Borlex Intelligent held an opening ceremony for its exhibition center and a magnesium alloy forming technology tasting session in Taizhou, Zhejiang, with a focus on semi-solid injection molding technology. This process involves heating magnesium alloy particles to a semi-solid state before directly injecting and molding them, eliminating oxidation and porosity defects at the source and significantly improving product yield to over 95%. The company has previously launched the world-leading 4,000-ton ultra-large magnesium alloy semi-solid injection molding equipment and led the development of relevant industry standards. As semi-solid molding technology continues to gain traction, the application penetration of magnesium alloy in automotive lightweighting, aerospace, and 3C electronics sectors is expected to further increase.

Since the start of the year, growth in the European solar market has slowed markedly. SMM expects total new solar installations in the European market to fall to around 68.5GW in 2026, a year on year decline of about 2 percent. Alongside softening demand, multiple EU level supply chain restriction policies continue to advance, including the Net Zero Industry Act (NZIA), the Industrial Accelerator Act (IAA), and restrictive measures targeting inverters from so called high risk countries.

Non-oriented Silicon Steel Price Dynamics Shanghai B50A800 Grade: 4,380-4,380 yuan/mt Guangzhou B50A800 Grade: 4,200-4,200 yuan/mt Wuhan 50WW800 Grade: 4,300-4,300 yuan/mt Shanghai Market: The spot price of cold-rolled non-oriented silicon steel in the Shanghai market remained in the doldrums this week, with overall transaction performance showing no improvement. Market feedback indicated that HRC futures drifted lower this week, and the supply pressure for non-oriented silicon steel was relatively high. Combined with weak market demand during the off-season, the overall trading atmosphere was sluggish. Downstream motor enterprises mainly purchased as needed, with a strong wait-and-see sentiment. Overall, it is expected that next week, the spot price of cold-rolled non-oriented silicon steel in the Shanghai market may continue to remain in the doldrums. Guangzhou Market: The cold-rolled non-oriented silicon steel market in Guangzhou remained in the doldrums this week, with mainstream grades dropping by 50 yuan/mt and average transaction performance. Market feedback indicated that HRC futures weakened this week, and currently being in the demand off-season, the purchasing demand from downstream motor enterprises was moderate. Some traders reported that the market transaction atmosphere did not recover and remained relatively sluggish. Overall, it is expected that next week, the cold-rolled non-oriented silicon steel price in Guangzhou may remain in the doldrums. Wuhan Market: The cold-rolled non-oriented silicon steel market in Wuhan remained temporarily stable this week, with poor transaction performance. Market feedback indicated that the ordering costs of state-owned steel mills were firm, and traders' purchase prices were relatively high. However, the impact of the off-season was evident, and the purchasing pace of downstream end-users slowed down. Overall, it is expected that next week, the spot price of cold-rolled non-oriented silicon steel in Wuhan may remain in the doldrums. Data Source Statement: (The data in this report, except for publicly available information, are all based on public information (including but not limited to industry news, seminars, exhibitions, corporate financial reports, broker reports, National Bureau of Statistics data, customs import and export data, various data published by major associations and institutions, etc.), market communication, and SMM's internal database model, derived through comprehensive analysis and reasonable inference by the research team, for reference only, and do not constitute decision-making advice.) SMM reserves the final right of interpretation for this statement and reserves the right to adjust and modify the content of the statement according to actual circumstances.

Jinko Energy Storage, a globally leading energy storage enterprise and a subsidiary of Jinko Solar Co., Ltd., recently officially signed a contract with clean energy developer Taliva Energy during the Intersolar Europe exhibition in Munich, securing cooperation on a utility-scale energy storage system project totaling 400 MWh in the Eastern European region.

The Kuala Lumpur International Motor Show (KLIMS 2026) was recently held at the Malaysia International Trade and Exhibition Centre (MITEC). Weishi Energy showcased its high-performance fuel cell system, presenting its self-developed core hydrogen products and technological achievements to the Malaysian and ASEAN markets. The 120kW fuel cell system exhibited this time is Weishi Energy’s flagship product designed for commercial and industrial applications. The system features high power output, high system efficiency, and independent control over core components. It is compatible with various vehicle types such as buses, logistics vehicles, heavy trucks, and sanitation vehicles, and can also be used for stationary applications like hydrogen power generation . In response to Southeast Asia’s high-temperature and high-humidity climate, Weishi Energy has carried out targeted adaptive optimizations on the system to enhance the stability and reliability of the equipment under all-weather, high-intensity operating conditions. These optimizations give it not only technical demonstration value, but also a practical foundation for deployment and application in the local market. KLIMS 2026 is an influential mobility exhibition in Malaysia and the ASEAN region. This edition attracted approximately 200,000 visitors, with participating brands including 16 mainstream automakers. During the show, Weishi Energy's booth drew attention from local visitors and received recognition from the Malaysian royal family and government, reflecting the potential value of hydrogen technology in the country’s green transportation and energy transition. Previously, Weishi Energy had accumulated operational experience in markets such as Europe and Brazil. In the future, the company will partner with its Malaysian subsidiary of Great Wall Motor, leveraging local channels and service networks to explore the application of hydrogen vehicles and hydrogen power generation systems in Kuala Lumpur and surrounding areas, with a focus on public transportation, port logistics, urban sanitation, and green power generation. As Malaysia accelerates its carbon neutrality efforts, hydrogen equipment and fuel cell systems are expected to become an important supplement to the low-carbon transition of transportation and energy. Weishi Energy’s appearance at KLIMS also signals that its overseas expansion is further extending into the Southeast Asian market.