On the evening of March 26, REPT BATTERO released its 2025 annual performance announcement. The company achieved annual operating revenue of 24.334 billion yuan, a year-on-year increase of 36.7%; and profit attributable to owners of the parent company of 623 million yuan. In 2025, the company's total sales of lithium battery products reached 82.7 GWh, a year-on-year increase of approximately 89.2%. Among these, revenue from power battery products was 10.013 billion yuan, up 35.6% year-on-year; revenue from energy storage battery products was 13.56 billion yuan, up 86.8% year-on-year, with its share of total revenue increasing by 14.9 percentage points to 55.7%.

[Cui Dongshu of the Passenger Vehicle Association: NEV price reductions averaged 12% in H1] From January to June 2025, the average price reduction for new NEV models reached 23,000 yuan, equivalent to a 12% decrease. In June, the average price reduction for new NEV models dropped to 15,000 yuan, representing a relatively low 10.4% reduction. During the same period, conventional internal combustion engine vehicles saw an average price reduction of 17,000 yuan (8.9%), while in June this figure fell to 14,000 yuan (8.6%). For the overall passenger vehicle market, the average price reduction from January to June reached 21,000 yuan (11.4%), with June's average reduction at 15,000 yuan (9.9%). [Lithium battery recycling plant fire in Spain remains uncontained after three days] A lithium battery recycling plant near Madrid, Spain caught fire on the 4th and remained ablaze as of the 6th. Two individuals were injured in the incident, according to reports. DPA news agency stated that firefighters continued battling the blaze at the industrial facility located approximately 50 kilometers northeast of Madrid. Multiple explosions triggered the fire, though the cause remains under investigation. (Cailian Press) [Four ministries: Automakers' large power charging networks should be open to all] The National Development and Reform Commission (NDRC) and three other departments issued the "Notice on Promoting Scientific Planning and Construction of Large Power Charging Facilities." The document mandates that project proponents complete filing procedures per the "Regulations on the Administration of Approval and Filing of Enterprise Investment Projects," with local authorities responsible for charging infrastructure development required to coordinate with investment regulators in supervising large power charging projects to prevent resource waste and disorderly construction. The notice emphasizes government guidance to promote efficient resource utilization, supports qualified operators with strong investment and operational capabilities in facility construction/renovation/operation, and encourages deployment of specialized large power charging infrastructure for buses, logistics, and heavy-duty freight. It stipulates that automakers' self-built large power charging networks should be universally accessible, and promotes commercial models integrating charging stations with dining, entertainment, shopping, and automotive services to enhance user experience. (Cailian PressZ7/>》Click for details [Apex (Wuxi) Co., Ltd. has 74 3C certificates suspended/revoked] Romoss and Anker Innovations recently announced recalls of multiple power bank models, involving over 1.2 million units. The State Administration for Market Regulation stated that the recall was due to metal foreign matter being mixed into the battery during production, posing safety risks of overheating or even combustion. It is understood that Apex (Wuxi) Co., Ltd. is one of the lithium battery suppliers for Romoss power banks. Currently, all 74 3C certificates held by Apex (Wuxi) Co., Ltd. have been suspended or revoked by the certification body. The Wuxi Municipal Market Supervision Bureau has sealed all lithium battery products produced by the company in accordance with regulations. (CCTV News) [CATL and Geely Deepen Strategic Cooperation Agreement] CATL and Geely Automobile recently officially signed a comprehensive electrification deepening strategic cooperation agreement. The two parties will take this signing as an opportunity to further deepen collaboration in areas including power battery technology synergy, product platform integration, and supply chain system construction, aiming to promote in-depth coordinated development across the entire industry chain and establish a more efficient and stable cooperation mechanism. (Cailian Press) [Mercedes-Benz Q2 Sales Reach 547,100 Units, Down 9% YoY] Mercedes-Benz sold 547,100 vehicles in Q2, down 9% YoY. The GLC remained Mercedes-Benz's best-selling model globally in H1 2025, with GLC sales increasing by 9% in Q2. Global plug-in hybrid vehicle sales grew 34% in Q2. In Europe, xEV market share reached 40%, and global xEV share hit 21% in Q2. (Cailian Press)

[CosMX Battery: Receives Designation Notice for Low-voltage Lithium Batteries from SAIC Volkswagen] CosMX Battery announced that it has recently received a designation notice from SAIC Volkswagen Automotive Co., Ltd., becoming a designated supplier of low-voltage lithium batteries for its vehicles. This marks a further enhancement in the market recognition of CosMX Battery's low-voltage lithium battery products for vehicles, demonstrating strong market competitiveness. CosMX Battery has previously secured designations from several leading automakers, both domestic and overseas, and has commenced mass production and supply. This designation notice will further strengthen the company's competitiveness and sustainable development capabilities in the low-voltage lithium battery business for vehicles, laying the foundation for increasing market share. With the mass production and launch of car models from partnering automakers, shipments are expected to grow rapidly.

[CosMX Battery: Main Structure of New-Type Lithium Battery Project Capped 50 Days Ahead of Schedule, Quasi-Solid-State Battery Passes Expert Panel Inspection] As of now, CosMX Battery's automotive low-voltage lithium battery products have passed the system audits of multiple automakers, and have successively secured designations from top-tier domestic and overseas automakers such as SAIC, IM Motors, GM, Jaguar Land Rover, Li Auto, Chery, GAC, Geely, Stellantis, Mercedes-Benz, and NIO. Serial mass production and supply have commenced, making it one of the fastest-growing brands in the automotive low-voltage battery market.

[CosMX Battery: Received Designation Notice for Low-voltage Lithium Batteries from SAIC Volkswagen] Today, CosMX Battery announced that it had recently received a designation notice from SAIC Volkswagen Automotive Co., Ltd., becoming a designated supplier of low-voltage lithium batteries for its vehicles. This marks a further enhancement in the market recognition of CosMX Battery's low-voltage lithium battery products for vehicles, demonstrating strong market competitiveness. CosMX Battery had previously secured designations from several leading domestic and overseas automakers and had commenced mass production and supply. This designation notice will further strengthen the company's competitiveness and sustainable development capabilities in the low-voltage lithium battery business for vehicles, laying the foundation for increasing market share. With the mass production and launch of car models from partner automakers, shipments are expected to grow rapidly.

[US to Significantly Reduce Tariffs on Chinese Lithium Batteries, Lithium Battery Industry Optimistic About Exports to the US] On May 12, China and the US issued a joint statement on the Geneva Economic and Trade Talks, announcing a general reduction in US tariffs on Chinese goods, potentially signaling a turning point for the lithium battery industry's exports to the US. Based on calculations from this statement, the current US tariff on Chinese automotive lithium batteries has been reduced to 58.4%, while the tariff on non-automotive lithium batteries has dropped to approximately 41%. "The (tariff) rate is lower than expected, which is a significant positive," multiple industry insiders from lithium battery companies told Caixin. US lithium battery products already have a base tariff of 3.4%. In August 2024, the US imposed an additional 25% tariff on Chinese automotive lithium batteries. If calculated based on the 145% tariff on China announced by the White House on April 10, prior to the joint statement, the cumulative import tariff on Chinese automotive lithium batteries reached as high as 173.4%, and the tariff on non-automotive lithium batteries was approximately 156%.