Recently, the first cell rolled off the production line at the battery factory of Times BAIC (Beijing) New Energy Technology Co., Ltd., marking the start of the mass production phase. Times BAIC was jointly invested in and constructed by CATL, BAIC Group, Beijing Energy Group, and Xiaomi Group. Currently, construction of the factory is nearing completion, with equipment for the second production line undergoing commissioning. Full-scale production is expected to commence in August. For the entire year of 2026, the factory is projected to produce 7.5 GWh of cells. Once the project reaches full capacity, it will form an annual power battery production capacity of 15 GWh, significantly enhancing the product strength and cost advantages for Beijing-Tianjin-Hebei vehicle manufacturers such as BAIC and Xiaomi.

[Domestic Iron Ore Brief] Iron ore concentrates prices in the Chengde area of Hebei were stable, with dry basis ex-factory prices for 65% grade iron ore concentrates at 925 yuan/mt including tax. Environmental protection and safety supervision teams inspected the area today, and operating mines and beneficiation plants reported normal production, but the overall supply of iron ore concentrates in the region remained relatively tight, with mines and beneficiation plants showing a strong willingness to hold prices firm. Steel mills' profits have been shrinking recently, and concentrates procurement was mainly need-based, resulting in moderate overall market transactions. Recent iron ore futures have been oscillating.

I. Coal-to-Hydrogen Shandong anthracite transaction range [1,730-1,830], hydrogen cost average price at [1.78 yuan/m³] Shanxi anthracite transaction range [1,040-1,040], hydrogen cost average price at [1.17 yuan/m³] Hebei anthracite transaction range [1,520-1,520], hydrogen cost average price at [1.61 yuan/m³] Henan anthracite transaction range [1,030-1,130], hydrogen cost average price at [1.25 yuan/m³] II. Natural Gas-to-Hydrogen Pearl River Delta natural gas transaction range [6,600-6,620], hydrogen cost average price at [3.04 yuan/m³] Zhejiang natural gas transaction range [6,520-6,800], hydrogen cost average price at [3.04 yuan/m³] Guangxi natural gas transaction range [6,630-7,020], hydrogen cost average price at [3.08 yuan/m³] Eastern Guangdong natural gas transaction range [6,600-6,620], hydrogen cost average price at [3.01 yuan/m³] Henan natural gas transaction range [6,200-6,420], hydrogen cost average price at [2.93 yuan/m³] Hebei natural gas transaction range [6,170-6,510], hydrogen cost average price at [2.92 yuan/m³] Hubei natural gas transaction range [6,520-6,770], hydrogen cost average price at [3.05 yuan/m³] Guizhou natural gas transaction range [6,380-6,740], hydrogen cost average price at [3 yuan/m³] Sichuan natural gas transaction range [6,415-6,660], hydrogen cost average price at [3.02 yuan/m³] Shanxi natural gas transaction range [6,010-6,300], hydrogen cost average price at [2.82 yuan/m³] Shandong natural gas transaction range [6,295-6,500], hydrogen cost average price at [2.96 yuan/m³] Heilongjiang natural gas transaction range [6,170-6,440], hydrogen cost average price at [2.89 yuan/m³] Inner Mongolia natural gas transaction range [6,200-6,380], hydrogen cost average price at [2.84 yuan/m³] III. Propane-to-Hydrogen South China propylene oxide transaction range [6,970-7,050], hydrogen cost average price at [3.95 yuan/m³] East China propylene oxide transaction range [6,620-6,960], hydrogen cost average price at [3.84 yuan/m³] Northeast China propylene oxide transaction range [6,140-6,450], hydrogen cost average price at [3.59 yuan/m³] Shandong propylene oxide transaction range [6,760-6,860], hydrogen cost average price at [3.87 yuan/m³] IV. Methanol-to-Hydrogen East China methanol transaction range [3,010-3,330], hydrogen cost average price at [2.69 yuan/m³] Central China methanol transaction range [2,950-3,250], hydrogen cost average price at [2.68 yuan/m³] North China methanol transaction range [2,780-2,940], hydrogen cost average price at [2.46 yuan/m³] South China methanol transaction range [3,350-3,450], hydrogen cost average price at [2.83 yuan/m³] Northwest China methanol transaction range [2,450-2,950], hydrogen cost average price at [2.34 yuan/m³] Southwest China methanol transaction range [2,940-3,220], hydrogen cost average price at [2.67 yuan/m³] Northeast China methanol transaction range [3,110-3,130], hydrogen cost average price at [2.65 yuan/m³]

[China Iron Ore Brief] The ex-factory price of 64% grade alkaline concentrates in Shandong, on a dry basis and before tax, was reported at 847, down 21. Most mines and beneficiation plants are producing as planned, with no significant reduction in overall supply. Some iron ore concentrates from local mines and beneficiation plants are flowing to Wu’an in Hebei Province. However, the cost-effectiveness of domestic iron ore concentrates has weakened recently, and steel mills’ purchasing enthusiasm is moderate, leading to a slight accumulation of inventory at miners and weakening overall market transactions compared to earlier periods. Recently, iron ore futures have been trending weaker, and domestic iron ore concentrates

Northern China is the core heartland of China’s cable industry. Leveraging its industrial foundation, full-chain supporting capabilities, and favorable Beijing-Tianjin-Hebei coordinated development policies, it has built a complete industrial cluster integrating raw material processing, cable manufacturing, new material R&D, and intelligent equipment manufacturing. The region’s annual cable output value has exceeded 100 billion yuan, with a solid industrial base and broad market potential. Benchmarking against the Yangtze River Delta and Pearl River Delta’s advantaged industrial agglomeration zones, Northern China’s cable industry still faces shortcomings such as dispersed industrial resources, relatively weak industry–academia–research linkage, and insufficient risk resilience across the industry chain. Breaking through collaboration barriers has become key to quality improvement in the industry. is scheduled to be held July 23-24, 2026 at Crowne Plaza Qingdao Jinshui, Qingdao, Shandong , focusing on three major themes: industrial collaboration, green intelligence, and globalization. SMM will join hands with the initiating organization—Shandong Wanhai Cable Co., Ltd. to invite customers from the entire industry chain to gather, explore industry opportunities in depth, and help drive quality improvement and upgrading of Northern China’s cable industry. Clickto attend; we look forward to meeting you at the conference. Shandong Wanhai Cable Co., Ltd. is located in the West Coast New Area, Qingdao, Shandong Province. As a wholly owned subsidiary of Zhejiang Wanma Co., Ltd. (controlled by a state-owned enterprise), Wanhai Cable has inherited the parent company’s outstanding quality and strong capabilities. Wanma Co., Ltd. is a high-tech enterprise prioritized for national development, with business broadly covering three core sectors: cables, new materials, and new energy. In 2020, Qingdao Haikong Group invested in Wanma Co., Ltd., and the company further clarified its “one body, two wings” strategic layout. With “north–south linkage” as its development engine, it has continuously strengthened its innovation and R&D capabilities and comprehensively advanced its enterprise transformation toward digitalization, informatization, and intelligentization. As an important part of this grand blueprint, Wanhai Cable is committed to providing comprehensive cable products, technical support, and customized solutions for national infrastructure construction, energy transmission, industrial development, and other fields. The company has introduced first-class key process equipment from in and outside China, and has implemented localisation supporting for major equipment, comprehensively enhancing its overall strength and market competitiveness. The company focuses on developing high-performance products such as environmentally friendly and new energy power cables, and high-end cables for agricultural machinery equipment. With outstanding insulation performance and environmental protection features such as plasticization and recyclable reuse, its products demonstrate significant advantages in cost reduction and efficiency improvement, green development, and environmental protection. SMM Conference Contact Zhang Guolei 166 0190 0190 zhangguolei@smm.cn

2026 marks the opening year of the 15th Five-Year Plan. Against the backdrop of intensifying global macro fluctuations and the deepening of domestic high-quality development, the zinc industry is undergoing profound changes: tightness on the ore side and the release of smelting capacity create structural tensions; divergent domestic and overseas inventories mirror the complex supply-demand rebalancing; and technological innovation is becoming a key driving force for resolving conflicts and reshaping the landscape. New energy, new-type infrastructure and other key areas of the 15th Five-Year Plan are injecting new momentum into traditional zinc consumption, while green, low-carbon and circular economy paradigms are also accelerating the restructuring of industrial logic, driven by technological innovation. With the joint support of upstream and downstream zinc enterprises, industry associations and all relevant parties, SMM 2026 SMM Zinc Industry Conference concurrently held with the 8th Hot-Dip Galvanizing Industry Development and Technology Innovation Forum, the 14th Zinc Salt, Zinc Oxide and Secondary Zinc Resources Development Forum, and the Zinc-Based Materials Development Forum will be held in Qingdao, Shandong from August 6 to 8. Under the theme “Gathering Zinc Momentum, Building the Zinc Industry, Embarking on a New Journey,” the conference will be driven by macro perspectives and fundamental analysis as its dual engines, closely adhere to the main line of high-quality development of the 15th Five-Year Plan, and focus on four dimensions: macro policies, supply-demand patterns, global trade, and technological innovation. It aims to drive cost reduction and efficiency improvement through technological breakthroughs, respond to market fluctuations with collaborative innovation, and jointly draw a new blueprint for the high-quality and sustainable development of the zinc industry. Baoding Aoqisheng New-type Metal Materials Manufacturing Co., Ltd. will grandly attend this event, discussing industry development trends with industry peers and jointly pushing the zinc industry to new heights. Click the to register for the conference immediately, witness and participate in this extraordinary and far-reaching industry event, and create a brilliant new chapter together! Founded in 2012 with a registered capital of 39.8 million yuan, Baoding Aoqisheng New-type Metal Materials Manufacturing Co., Ltd. is located in Baoding, Hebei, a historic city in China. Situated in the heart of the Beijing-Tianjin-Hebei triangle, the company is rooted in the galvanizing sector of North China and serves the national galvanizing market. The company has a comprehensive management system and a quality and technical service system with full employee participation, and has obtained the ISO 9001 Quality Management System certification, ISO 45001 Occupational Health and Safety Management System certification, and ISO 14001 Environmental Management System certification. Its “Baoding” and “Aoqisheng” trademarks have been registered with the National Trademark Office. The company holds 7 invention patents and 37 utility model patents. Through deep cultivation of industrial development, it has won multiple heavyweight provincial qualifications and honors, being successively recognized as a Hebei Province Technology-based SME, Hebei Province Innovative SME, Hebei Province Specialized, Distinctive and Novel SME, Hebei Province Specialized, Refined, Distinctive and Novel Demonstration Enterprise, and Provincial Manufacturing Single Champion Enterprise. It has established the Hebei Provincial Enterprise Technology Center and Hebei Provincial Zinc-based Alloy Innovation Center, and has been rated as a Hebei Provincial Green Factory. In 2021, Baoding Aoqisheng New-type Metal Material Manufacturing Co., Ltd. cooperated with the National Engineering Laboratory for Advanced Metal Material Coating of China Iron & Steel Research Institute to build the Baoding Alloy New Material Production and Research Base Project. The company enjoys a high reputation in China's hot-dip galvanizing alloy manufacturing industry. Its main products include: zinc-aluminum alloy, zinc-nickel alloy, multi-element rare earth alloy, zinc-bismuth alloy, zinc-antimony alloy, zinc-aluminum-magnesium alloy, and other zinc-based new-type functional alloys. ◆ Contact ◆ Tel: 0312-8063789 QQ: 767 496 767 Website: www.bdags.com Address: No. 1699 Zhongxin West Road, Qingyuan District, Baoding City Long press to scan and register now 2026 SMM Zinc Conference

[Domestic Iron Ore Brief] Domestic iron ore concentrates prices edged down this week. Looking at regional performance, prices in Tangshan, Qian'an, Qianxi, etc., Hebei, were basically flat; Chaoyang, Beipiao, Jianping in western Liaoning edged down by 1-5 yuan/mt; east China also saw a decline of 10-15 yuan/mt.

Beijing Hyundai disclosed its May sales data. In May, Beijing Hyundai's domestic sales reached 17,065 units, achieving positive growth both YoY and MoM. Export sales were up 99.4% MoM and up 67.1% YoY. Among them, three core car models — the all-new Elantra, the 11th-generation Sonata, and the all-new Tucson L — doubled their domestic sales MoM. Meanwhile, the all-new pure electric brand IONIQ and its first car model IONIQ V (Venus), unveiled during the Beijing auto show, officially launched the brand's "fuel + pure electric" dual-track transformation.

SMM June 4 News: Metals market: As of the midday close, domestic market base metals fell across the board. SHFE copper, SHFE aluminum, SHFE lead, and SHFE zinc all dropped over 1%. SHFE tin fell 0.86%. SHFE nickel fell 2.55%. In addition, the most-traded casting aluminum futures fell 0.69%, and the most-traded alumina futures fell 2.02%. The most-traded lithium carbonate futures extended the decline from the previous three trading days, falling another 3.17%. The most-traded silicon metal futures fell 0.52%. The most-traded polysilicon futures fell 1.95%. Ferrous metals mostly fell. Iron ore dropped 1.47%, rebar fell 0.38%, hot-rolled coil fell 0.32%, and stainless steel fell 2.19%. Coking coal and coke: the most-traded coking coal contract rose 4.7%, and the most-traded coke contract rose 2.25%. Overseas market base metals: as of 11:45, LME metals generally fell. LME copper fell 0.09%, LME aluminum fell 0.12%, and LME lead fell 0.37%. LME zinc, LME tin, and LME nickel all fell within 0.3%. Precious metals: as of 11:45, COMEX gold rose 0.58%, and COMEX silver fell 0.05%. Domestic market precious metals: the most-traded SHFE gold futures fell 0.2%, and the most-traded SHFE silver futures fell 1.93%. In addition, as of the midday close, the most-traded platinum futures fell 1.81%, and the most-traded palladium futures fell 3.54%. As of the midday close, the most-traded Europe containerized freight index contract rose 0.44% to 3,758 points. As of 11:45 on June 4, midday futures quotes for selected contracts: Spot and fundamentals Aluminum: On June 4, SMM A00 aluminum (Foshan) was quoted at 24,130, down 190, at a discount of 190 to the current-month contract, narrowing by 60 (unit: yuan/mt). Futures stopped rising and turned lower today, while South China spot prices bucked the trend and stabilized with an upward bias... Macro front Domestic: [MIIT: From January to April, China's above-scale electronic information manufacturing value-added output was up 14% YoY] From January to April, the value-added output of above-scale electronic information manufacturing was up 14% YoY, 8.4 and 1.4 percentage points higher than the growth rates of overall industry and high-tech manufacturing over the same period, respectively. In April, the value-added output of above-scale electronic information manufacturing was up 15.6% YoY. Among major products, mobile phone production reached 452 million units, up 0.3% YoY, of which smartphone production was 390 million units, up 6.5% YoY; micro-computer equipment production was 95.426 million units, down 10% YoY; integrated circuit production was 176.97 billion units, up 24.7% YoY. (MIIT Weibo) [State Grid Corporation of China's Peak Power Load to Exceed 1.3 Billion kW This Summer, Up ~6% YoY] According to State Grid Corporation of China, this summer's maximum power load in its operating area was projected to exceed 1.3 billion kW, up approximately 6% YoY. To fully ensure safe power grid operation and reliable power supply, State Grid Corporation of China accelerated supply assurance capacity building, continued to improve market-based power trading, and promoted efficient utilization of clean energy. Currently, 168 key projects for peak summer power supply were under accelerated construction. (CCTV) The PBOC announced that, based on the demand of primary dealers in open market operations, the volume of the 7-day reverse repo operation on June 4 was zero. 101.3 billion yuan in reverse repos matured today. US dollar: As of 11:45, the US dollar index fell 0.04% to 99.5. According to the CME "FedWatch": the probability of the US Fed keeping rates unchanged through June was 98.4%, with a 1.6% probability of a cumulative 25 bps interest rate cut. The probability of the US Fed keeping rates unchanged through July was 90.2%, with an 8.4% probability of a cumulative 25 bps rate hike and a 1.4% probability of a cumulative 25 bps interest rate cut. US Fed's Logan stated that US Fed officials may need to raise interest rates later this year to bring inflation down to the 2% target. She noted that the US labour market was "broadly in balance," investment in artificial intelligence was booming, and financial conditions remained "accommodative." However, she added that the current inflation trajectory did not appear to be pulling back toward the US Fed's 2% target. "These conditions suggest that current monetary policy is not restraining the economy," "I am increasingly concerned that achieving a full restoration of price stability, while appropriately balancing both sides of the US Fed's dual mandate, may require raising interest rates later this year." The US Fed Beige Book noted that overall, prices rose at a moderate to strong pace, with most districts reporting inflation rates higher than in the previous report. Districts cited energy costs related to the Middle East conflict as a primary driver of inflationary pressures, with impacts extending to shipping, packaging, groceries, and fertilizers. Non-labour costs continued to rise faster than selling prices, raising broader concerns about margin compression. The ability to pass on higher costs varied across industries, particularly among consumer-facing companies. Some regions noted that enterprises across multiple areas had adopted strategies to cope with inflation, including supply chain optimization, product adjustments, reducing supply, and temporarily absorbing higher costs to maintain client demand. (Jin10 Data APP) Data: Data to be released today included US May Challenger enterprise layoffs, US initial jobless claims for the week ending May 30, US May Global Supply Chain Pressure Index, Eurozone April retail sales MoM, Switzerland May CPI MoM, and Switzerland May seasonally adjusted unemployment rate. In addition, at 2:00 the US Fed released the Beige Book on economic conditions, and 2026 FOMC voter and Dallas Fed President Logan delivered a speech. At 15:00, the Ministry of Commerce held the first regular press conference of June, and China's refined oil products entered a new round of price adjustment window. ECB President Lagarde delivered a speech, 2027 FOMC voter and Richmond Fed President Barkin participated in a fireside chat, and Bank of England Governor Bailey spoke at the Investment Association conference. Crude oil: As of 11:45, oil prices in both markets declined, with WTI down 0.94% and Brent down 1.03%. According to CCTV News, on local time June 3, US President Trump stated that negotiations with Iran were progressing very well and a new round of talks could be held this weekend. Once an agreement is signed, the Strait of Hormuz will immediately reopen. (Jin10 Data APP) Expectations of an end to Middle East conflicts put oil prices under pressure. Investinglive analyst Eamonn Sheridan stated that reports indicated Israel and Lebanon had reached a ceasefire framework agreement under US guidance, with both sides set to resume full talks during the week of June 22, contingent on Hezbollah's complete withdrawal from southern Lebanon. The geopolitical risk premium in the oil market will digest this headline and largely treat it as a priced-in factor. (Jin10 Data APP) The US-Iran conflict is pushing the global oil market toward a tipping point. US crude oil and petroleum product inventory has fallen to its lowest level in over two decades, while US crude oil exports hit a record high in May, rapidly depleting domestic reserves. Analysts warned that if the Strait of Hormuz remains closed, oil prices could surge significantly within weeks. According to data released by the US Energy Information Administration (EIA) on Wednesday, for the week ending May 29, total US crude oil and petroleum product inventory decreased by 10.6 million barrels from the previous week to 1.57 billion barrels, the lowest level since 2004 . Commercial crude oil inventory (excluding the Strategic Petroleum Reserve) fell by 8 million barrels in a single week to 433.7 million barrels, marking the sixth consecutive weekly decline, far exceeding analysts' prior expectations of 3.3 million barrels. (Wall Street Journal) Spot Market Overview: ► ► ► ► ► ► ► ► ► ►

Capacity side, according to incomplete statistics, China's alkaline electrolyzer market remained at 43.77 GW, and the PEM electrolyzer market remained at 2.7 GW. This week, Peric Hydrogen, a subsidiary of CSSC 718 Research Institute, exported customized integrated hydrogen production and refueling station equipment to Indonesia. Suzhou Suqing Hydrogen Production Equipment Co., Ltd. completed the shipment of a 5 MW containerized green electricity hydrogen production system, serving the first "five-in-one" integrated energy station project combining oil, gas, hydrogen, electricity, and storage in Northwest China. Project-related updates: CGN (Wuhai Hainan District) New Energy Co., Ltd. : CGN (Wuhai Hainan District) New Energy's hydrogen-based green fuel grid-connected green electricity direct-connection project (hydrogen production section) was officially registered. The project is located in the High-tech Low-carbon Industrial Park in Hainan District, Wuhai City, with a total investment of 313.6992 million yuan. The project plans to build a 22,000 Nm³/h hydrogen production facility, equipped with 22 alkaline water electrolysis units each with a capacity of 1,000 Nm³/h, along with supporting gas-liquid separation and hydrogen purification facilities, producing hydrogen with a purity of 99.999%. The construction period is scheduled from November 2026 to November 2028. Jiyuan (Siping) Green Energy Co., Ltd. : Jiyuan (Siping) Green Energy selected its affiliated party, State Nuclear Electric Power Planning Design & Research Institute, through public tender to undertake the EPC general contracting project for the hydrogen production facility, with a fixed contract price of 204.96 million yuan. The general contracting scope covers the design of the hydrogen production facility, procurement of equipment and materials excluding Party A-supplied electrolysis water complete sets of equipment and rectifier cabinets, civil construction, commissioning, operation and maintenance, and full-process warranty services, with qualified hydrogen output scheduled before August 30, 2027. Wojiang Clean Energy (Xinjiang Zhundong Economic and Technological Development Zone) Co., Ltd.: The general contracting contract for the Zhundong 2 billion m³/year coal-to-natural gas project was signed in Urumqi. The project is located in Changji Zhundong Economic Development Zone, with a total investment of 15.486 billion yuan. It is expected to commence production by the end of October 2026, with supporting output of multiple types of by-products. The project includes supporting electrolysis hydrogen production integrated with green methanol production, and plans a 650,000 mt/year CCUS carbon capture facility to be implemented in two phases, progressively achieving full green electricity coverage while simultaneously demonstrating large-scale crushed coal pressurized gasifiers to advance the scaling-up of coal-to-gas equipment. Da'an Jidian Green Hydrogen Energy Co., Ltd. : The Da'an wind and solar green hydrogen-to-ammonia integrated demonstration project issued a tender for additional equipment, planning to add one set of 1,000 Nm³/h alkaline electrolysis hydrogen production unit. The project broke ground in May 2023 and commenced production in July 2025, supported by 800 MW of wind and solar power capacity. It adopts a dual-route hydrogen production approach of 36,000 Nm³/h alkaline plus 9,600 Nm³/h PEM, with an annual output of 32,000 mt of green hydrogen and 180,000 mt of green ammonia, while simultaneously deploying two types of large-capacity hydrogen storage facilities using solid-state and organic liquid technologies. Longyuan Power Group Co., Ltd.: Longyuan Power announced the winning candidate for the procurement of 500 Nm³/h PEM electrolyzer equipment for the Zhangye Carbon Neutrality Industrial Base Wind-Solar-Hydrogen-Storage Integration Project. Dongfang Electric (Chengdu) Hydrogen Energy ranked first with a bid of 6.3 million yuan. The project is located in the Circular Economy Demonstration Park of Zhangye Economic Development Zone and is SPIC Gansu's first green electricity-to-hydrogen project. It plans to build a 22,000 Nm³/h alkaline hydrogen production main unit with supporting hydrogen storage tanks, and simultaneously construct a 2,000 Nm³/h hydrogen production pilot platform including a 500 Nm³/h PEM unit. Yanchang Petroleum Gas Group Transportation Energy Company: The hydrogen refueling demonstration station at the Fuping Service Area (North Zone) on the Beijing-Kunming Expressway, constructed by the company, successfully achieved mechanical completion and entered the commissioning phase. The station is a standardized Level 3 hydrogen refueling station equipped with an intelligent hydrogen refueling control system capable of automated operations and full-process monitoring and traceability. After commissioning, the station will primarily serve hydrogen-powered heavy trucks and intercity hydrogen buses, filling the gap in hydrogen refueling infrastructure along the Weinan section of the Beijing-Kunming Expressway and improving the hydrogen refueling network for the green freight loop from Hancheng to Fuping and Huangling. Guangdong Yuntao Hydrogen Energy Technology Co., Ltd.: Two major hydrogen energy projects of Yuntao Hydrogen Energy were launched. Its Beitai Road hydrogen refueling station was officially put into operation, becoming a new benchmark hydrogen refueling station in south China. The station is a supporting project for the Minke Park, benchmarked against the Liangtian model hydrogen refueling station. It covers an area of 3,100 m², is equipped with 4 hydrogen dispensers and 8 hydrogen refueling nozzles, with a maximum 24-hour refueling capacity of 4,000 kg, capable of serving 200 hydrogen-powered dump trucks or 400 cold chain logistics vehicles per day, further improving the vehicle hydrogen refueling network in the Greater Bay Area. Huawang (Qingdao) Hydrogen Energy Technology Group Co., Ltd. : The pre-award announcement for the hydrogen refueling station equipment procurement project of Qingdao Hydrogen Energy Industrial Park was released. Shanghai Hydrogen Maple Energy and Jiangsu Guofu Hydrogen Energy were listed as the top two candidates, with bids of 14.18 million yuan and 13.67 million yuan, respectively. The project was jointly tendered by Huawang (Qingdao) Hydrogen Energy and PetroChina Pipeline Bureau Engineering. The total project investment is 70 million yuan, with a construction cost of 14.5 million yuan. The project covers an area of 5,761 m² and plans to build a Level 3 hydrogen refueling station with a building area of 1,302 m², designed for a maximum daily 12-hour hydrogen refueling capacity of 2,500 kg, equipped with 4 units of 35 MPa hydrogen dispensers and 8 hydrogen refueling nozzles. This tender covers the full process including complete hydrogen refueling equipment, valves, automation, electrical supply, and on-site installation and commissioning. Huadian New Energy Group Co., Ltd. Fujian Branch: The Quanzhou Municipal Bureau of Ecology and Environment approved the environmental impact assessment document for Huadian Fujian's 5 MW flexible off-grid seawater hydrogen production technology research and pilot verification project. The project is constructed by Huadian New Energy Group Co., Ltd. Fujian Branch and is located at the No. 10 wind turbine site of Quanhui Wind Farm in Quanhui Petrochemical Industrial Park. As a seawater-to-hydrogen pilot project, it relies on two on-site wind turbines for power supply to conduct off-grid electrolysis seawater hydrogen production experiments. The project covers a total area of 1,683.80 m², with a total operation duration of 1,000 hours and a total investment of 18.7 million yuan, of which 1.681 million yuan is for environmental protection. The overall system consists of six major functional modules and supporting utilities. Policy Review 1. The National Development and Reform Commission (NDRC) and other departments issued a notice on the release of the Guidelines for Non-fossil Energy Electricity Consumption Accounting (Trial). The document states that coordination with energy statistics, carbon emission accounting, and other systems should be strengthened. Factors such as physical connections, electricity energy trading, and green electricity certificate and green electricity trading should be comprehensively considered to classify and clarify the rules for recognizing non-fossil energy electricity consumption and the accounting methods at the provincial (autonomous region, municipality directly under the central government, the same hereinafter) and municipal (prefecture-level) levels, as well as for electricity users. Recognition methods for non-fossil energy electricity consumption: Physical recognition. Self-generated and self-consumed electricity from non-fossil energy sources, and self-consumed electricity from new business models such as green electricity direct connection, are recognized as the non-fossil energy electricity consumption of the electricity user. Production electricity consumed by non-fossil energy power generation projects is recognized as the non-fossil energy electricity consumption of the respective power generation enterprise. Transaction recognition. This includes two recognition methods: electricity energy trading (including conventional non-fossil energy electricity trading, green electricity trading, etc., the same hereinafter) and green electricity certificate trading (including green electricity certificate transfers, etc., the same hereinafter). 2. The Jilin Provincial Energy Bureau and the Jilin Provincial Development and Reform Commission jointly issued a notice on the Implementation Plan for Accelerating the Integrated and Converged Development of New Energy in Jilin Province. Overall objectives: By 2030, integrated and converged development will become an important approach for new energy development across the province. New scenarios featuring integration and convergence will continue to emerge. The province's new energy development models will be more flexible, consumption pathways more diversified, application scenarios more abundant, and the electricity market more dynamic. More than 50 integrated and converged projects and application scenarios will be completed, providing strong support for the comprehensive green transformation of the province's economic and social development. 3. The Guangdong Provincial Administration for Market Regulation issued a public notice soliciting opinions on the Guangdong provincial local standard Operational Specifications for Integrated Hydrogen Production, Storage, and Refueling Devices (Review Draft). The document states that this standard specifies the basic requirements, personnel management, equipment and facility management, hydrogen quality management, hydrogen refueling operation management, safety management, archive management, and data recording for the operation of integrated hydrogen production, storage, and refueling devices. Enterprise Updates Tianji Hydrogen Energy Technology (Beijing) Co., Ltd. : Tianji Hydrogen Energy successively signed agreements with Jiaqing New Energy and Manst Hydrogen Energy. The three parties will conduct in-depth industry chain cooperation in green hydrogen equipment and project development. According to the agreements, the parties will cooperate in multiple dimensions including electrolyzer and post-processing system procurement, joint project bidding, and agency sales. They will also establish strict intellectual property protection and exclusive collaboration mechanisms to ensure the stability and competitiveness of cooperative projects, and jointly tackle hydrogen energy application challenges across multiple scenarios. SPIC Green Energy Co., Ltd.: Huang Qiang, Secretary of the Jilin Provincial Party Committee, conducted a survey on major project construction in Changchun and Siping. He emphasized the need to fully implement the important instructions of General Secretary Xi Jinping regarding work in Jilin, focus on building a modern industrial system and modern infrastructure system, and accelerate the advancement of major project construction. Jiangsu Trina Green Hydrogen Technology Co., Ltd. : Trina Green Hydrogen signed a strategic cooperation agreement with the Nanjing Institute of the Fifth Electronics Research Institute of MIIT. The two parties will focus on the urgent needs for high-quality development of the PV+ESS+hydrogen industry, and conduct in-depth collaboration across five major areas: joint construction of a comprehensive PV+ESS+hydrogen testing platform, joint research on cutting-edge technologies, product detection and evaluation, industry standard development, and full-chain industrial technology services. Through the strong alliance model of "industry leader + authoritative scientific research and detection institution," they aim to address the shortcomings in PV+ESS+hydrogen equipment testing and verification. Enric (Bengbu) Compressor Co., Ltd. : Two large skid-mounted hydrogen pipeline compressors independently designed and with core technologies self-developed by the company successfully completed factory acceptance testing and were officially shipped for delivery. The equipment will support China's first long-distance green hydrogen transmission pipeline project. China Southern Power Grid Power Technology Co., Ltd.: The company completed core technology breakthroughs for long-endurance hydrogen-powered drones and successfully conducted pilot applications in mountain power grid inspection scenarios at the Meizhou Power Supply Bureau of Guangdong Power Grid. Wuhu Shipyard (Wuhu Shipyard Co., Ltd. : The Tongzhouwan site at Wuhu Shipyard's Nantong base completed the semi-submersible float-off launching of the vessel "18515." The vessel is an 18,500-deadweight-tonnage methanol dual-fuel high-end chemical tanker and is the first vessel in the series. It has a total length of 149.8 meters, a design speed of 14 knots, and can use methanol as clean fuel. This launching cleared a key step in standardized construction and will help promote local shipbuilding industry development. Zhangjiagang Port Group Co., Ltd. : The first round of bidding for Zhangjiagang Port's 10 hydrogen fuel cell tractor project had only two valid suppliers, failing to meet the bid opening requirements. The procurement method was changed to negotiated procurement. This procurement involves 10 units of 45 kN hydrogen fuel cell tractors, including 1 unit with intelligent assisted driving, for intra-port transfer operations and required to be compatible with existing flatbed trailers. Taiyuan Public Transport Holdings (Group) Co., Ltd. : The company selected a local gas supply service provider through merit-based evaluation to ensure daily hydrogen supply for 6 hydrogen-powered buses, with unit price settlement based on actual gas consumption. The supplied hydrogen must comply with the GB/T3634.2-2011 high-purity hydrogen standard. The service provider is required to deploy fixed hydrogen refueling stations in Taiyuan, prioritize emergency hydrogen refueling for public buses, implement one-card-per-vehicle hydrogen refueling management, with a project service period of two years. Lanzhou Lanshi Petroleum Equipment Engineering Co., Ltd.: The second-generation 45 MPa ionic liquid hydrogen compressor and 22 MPa hydraulic-driven piston hydrogen compressor, customized for a domestic energy station, successfully completed all testing procedures including boost commissioning and electrical control system joint debugging. Patent Applications 1. Shanghai Institute of Ceramics, Chinese Academy of Sciences (China) published patent CN2025110028, developing a ceramic-based anion exchange membrane with a laboratory-tested lifespan of 80,000 hours. 2. Johnson Matthey (UK) filed patent WO2025109876, disclosing an Fe-Ni-Mo ternary non-precious metal catalyst formulation with activity approaching that of platinum-based materials. Technology Footprint/Technical Specifications 1. The team led by Professor Li Zhipeng from Northwestern Polytechnical University innovatively constructed a three-dimensional multi-physics coupling model for tubular solid oxide fuel cells, systematically revealing the quantitative effects of temperature, electrode thickness, porosity, and oxygen domain geometric parameters on battery output performance. 2. The National Hydrogen Energy Power Quality Inspection and Testing Center of China Automotive Engineering Research Institute completed and commercially opened a 0–400 kW hydrogen-involved loaded tri-axial vibration testing platform, addressing the shortcomings in large power hydrogen-involved multi-physics coupling testing in China. 3. The high specific power cathode-closed air-cooled fuel cell stack technology developed by the team of Academician Chen Zhongwei and Associate Researcher Zhang Meng from the National Key Laboratory of Energy Catalytic Conversion at the Dalian Institute of Chemical Physics passed the scientific and technological achievement appraisal by the China Petroleum and Chemical Industry Federation. This technology effectively resolves the industry contradiction between water retention and oxygen mass transfer in air-cooled fuel cells, addressing technical challenges such as low-humidity performance degradation, carbon corrosion, membrane drying and flooding, and high-power thermal management. 4. Two group standards on hydrogen production by water electrolysis were officially released and implemented: Technical Specifications for Safety of Hydrogen Production by Water Electrolysis and Accounting Methods for Economic Operation Indicators of Hydrogen Production by Water Electrolysis. 5. Petronor and H2SITE collaborated to advance membrane technology for hydrogen production, improving high-purity hydrogen and low-carbon efficiency in refining. 6. Dalian University of Technology designed an electron pump catalyst with an asymmetric photo-responsive structure, maintaining the asymmetry of electron distribution.