Maxion Wheels has introduced Maxion C-GUARD, a proprietary ceramic surface treatment for its latest range of forged aluminium truck wheels. The technology forms a permanent molecular bond with the wheel surface, improving resistance to corrosion, physical wear, chemicals and UV exposure. Its hydrophobic and oleophobic properties are designed to reduce the adhesion of brake dust, road salt, grease and mud, helping lower cleaning and maintenance requirements. The new forged aluminium wheel range will be produced at Maxion's new plant in Manisa, Türkiye, with C-GUARD, brushed and polished finish options.

SMM August 11 News: In July, the domestic primary aluminum alloy sector exhibited a pattern of "short-term uptick followed by moderation." Production reached 309,000 tonnes, up 6.1% month-on-month, with the industry operating rate moving in tandem. However, this output increase was not driven by end-user demand, but rather reflected a tactical inventory adjustment along the supply chain. On the demand side, the automotive sector had already entered its traditional off-season, with weak actual procurement appetite. Primary alloy producers continued to fulfil long-term contracts, while new order inflows remained limited. In mid-July, when aluminum prices dropped to a cyclical low, downstream buyers took the opportunity to restock at lower levels, aiming to manage working capital costs. This buying activity temporarily eased the selling pressure on alloy producers and prompted them to raise operating rates. By month-end, however, aluminum prices had rebounded steadily, dampening buyers' enthusiasm. Market transactions turned subdued as downstream players showed little tolerance for higher-priced raw materials. Looking ahead to August, primary alloy output is expected to retreat. The concentrated restocking in July has largely satisfied near-term raw material requirements. Coupled with sustained firm aluminum prices, downstream purchasers are likely to remain cautious, constrained by rising financing costs. Alloy producers, facing weakening new order visibility, may proactively cut production schedules. In contrast, the aluminum alloy wheel segment demonstrated notable external demand resilience. In June, China's aluminum wheel exports surged 17.7% month-on-month, and the year-on-year growth widened to 20.5%. The low base in May provided room for the rebound, but more importantly, overseas new-energy vehicle demand continued to expand, with major destination markets placing significantly larger orders. In addition, the narrowing spread between domestic and international aluminum prices alleviated the previous drag on exports. Overall, June exports recorded both volume and price gains, underscoring the sustained reliance of overseas markets on China's wheel supply chain. Taken together, the current aluminum fabrication sector is marked by a "weak domestic demand vs. resilient exports" dynamic. Primary alloy production, constrained by the seasonal slowdown and downstream price sensitivity, is unlikely to sustain its July rebound, with a contraction highly probable in August. Meanwhile, aluminum wheel exports are poised to maintain momentum, supported by robust overseas NEV demand, making it one of the few bright spots in the downstream aluminum market. In the near term, key factors to watch include the trajectory of aluminum prices and its impact on procurement timing, as well as any shifts in foreign trade policies that could affect wheel shipments.

SMM August 11: In July, China's primary aluminum alloy industry exhibited a pattern characterized by a short-term surge followed by a slowdown. In terms of production data, production that month posted 309,000 mt, up 6.1% MoM, with the industry's operating rate moving up in tandem. However, this production rebound was not driven by end-use demand, but rather reflected a phase of behavioral adjustments along the industry chain. Demand transmission side, the automotive industry has entered the traditional consumption off-season, end-user purchasing willingness remains relatively weak, and primary aluminum alloy enterprises continue to focus on fulfilling long-term contracts, with limited growth in new orders. When aluminum prices dipped to relatively low levels in mid-month, downstream enterprises, motivated by cost management considerations, engaged in concentrated bargain-hunting restocking activity, easing shipment pressures for alloy enterprises to a certain extent and prompting them to raise production loads. However, towards month-end, as aluminum prices rebounded into elevated ranges, buying interest from downstream sectors contracted sharply, with significantly reduced capacity to absorb high-priced raw materials, and market transactions turned sluggish. Looking ahead, primary aluminum alloy production in August is expected to face downward pressure, as earlier concentrated bargain-hunting restocking activity has partially exhausted near-term raw material demand, coupled with aluminum prices currently consolidating on a strong note. Rising financial pressures on downstream enterprises will further dampen procurement sentiment, while the outlook for new orders at alloy enterprises remains pessimistic, potentially leading them to proactively scale back output levels. Unlike the domestic demand fluctuations in the primary alloy market, the aluminum wheel hub segment has demonstrated strong resilience in external demand. In June, China's exports of aluminum wheels rose 17.7% MoM, with the YoY increase widening to 20.5%. On one hand, a low export base in May provided room for this MoM growth; on the other hand, the release of demand for NEVs in overseas markets, with significant new orders for procurement from key export destinations, directly boosted total exports. At the same time, the price spread between domestic and overseas aluminum prices has been stabilizing, and the earlier drag on exports is easing. Overall, exports strengthened in both volume and price in June, reflecting the continued reliance of markets outside China on the country's wheel supply chain. Looking at the bigger picture, the aluminum processing industry is currently in a state where 'domestic sales are under pressure, and exports are filling the gap.' Primary aluminum alloy is constrained by the off-season in end-use demand and downstream fear of high prices, so the sustainability of the production rebound is questionable, with a strong expectation of contraction in August; meanwhile, supported by overseas demand for NEVs, the momentum in exports is expected to be sustained, making it one of the few bright spots in current aluminum downstream consumption. In the near term, key attention should be paid to how aluminum price trends will further steer downstream procurement pace, and the potential disruptions from overseas trade policies on wheel exports. (The information above is based on market data and a comprehensive assessment by the SMM research team, and is provided for reference only. This article does not constitute direct investment research advice, clients should make decisions prudently and not replace their independent judgment with this. Any decisions made by clients are unrelated to SMM.) Data source: SMM

A Turkish integrated steel producer has won an international tender to supply railway wheels to Algeria’s national railway operator. The parties signed the first purchase contract under a supply program worth approximately USD 27 million. The wheels will be manufactured and delivered through batch-based orders over five years. The agreement is the producer’s highest-value export contract in the past five years and is expected to improve long-term export visibility and revenue predictability.

In H1, the industry showed distinct characteristics: upstream raw material imports experienced a mix of hot and cold trends, while mid-and downstream aluminum processing product exports saw explosive growth. Diverging domestic and overseas demand, shifting overseas manufacturing orders, and changes in the overseas raw material supply landscape are jointly reshaping the trade pattern of China's aluminum industry chain.

Hyundai Motor Group announced on July 21 that it will globally launch All Day Energy, an integrated V2X service that uses electric vehicles as “batteries on wheels.” V2X, or Vehicle-to-Everything, is a technology that connects EV batteries bidirectionally with power grids, allowing vehicles to be charged during periods of low electricity prices and later send power externally when needed.

On June 17, 2026, the 2026 SMM (3rd) ASEAN Automotive Supply Chain Conference , organized by Shanghai Metals Market (SMM), successfully wrapped up at the Hyatt Regency Bangkok Suvarnabhumi Airport in Bangkok, Thailand! This conference serves as an annual gathering of Southeast Asia's auto industry, bringing together 400+ delegates, 40+ speakers, 15+ partners and 15+ exhibitors from 15+ countries. Conference Background The Southeast Asian EV industry is at a strategic crossroads. Thailand's "30/30" policy is driving adoption, with EV penetration projected to near 15% by 2025. Indonesia is building a full battery chain using its nickel resources, while Vietnam's market potential grows. Amidst supply chain restructuring and technological competition, strategic action is key. The 3rd SMM Asean Automotive Supply Chain Summit 2026 is designed to empower businesses by focusing on: Unlocking NEV Potential: Analyzing ASEAN's role as a production/export hub and examining OEM technology roadmaps. Bridging the Supply Chain: Leveraging SMM's platform to integrate resources and facilitate deals. Establishing a Price Benchmark: Promoting the use of SMM Southeast Asia metals price assessments in procurement. We believe in turning consensus into action. Join us in Bangkok in 2026 to transform strategic blueprints into tangible advantages. 》Click to Watch the Conference Live Video 》Click to View the Conference Photo Live Stream June 16 Main Forum Opening Address Speaker: Adam Fan, Chairman of SMM Opening Keynote: Thailand EV Outlook 2026 Guest Speaker: Dr. Yossapong Laoonual, Head of Mobility & Vehicle Technology Research Center (MOVE), King Mongkut’s University of Technology Thonburi (KMUTT) Dr. Yossapong Laoonual noted that the ownership of battery electric vehicle (BEV) models is expected to surpass that of hybrid models in the medium and long term. Thailand’s BEV penetration rate will also rise steadily, supported by well-developed charging infrastructure. Data shows that the number of DC charging piles in Thailand has continued to grow, with installations already exceeding the government’s planned phased targets. The country’s 2030 charging pile target is 12,000 units, and multiple supporting regulations for motor vehicles have already been implemented locally. Local planning stipulates that each pile should serve 10-15 BEVs. Compared with markets outside China, where each pile in Europe serves fewer than 15 BEVs on average and in China fewer than 10, Thailand currently faces an imbalanced vehicle-to-pile ratio and still requires the large-scale addition of new charging piles. Thailand’s charging piles are primarily located at gas stations, with shopping malls and office buildings as secondary deployment sites. Local gas stations feature diverse commercial formats, offering excellent conditions for setting up charging stations. However, range anxiety remains widespread among consumers, and charging facilities along highways need to be further improved to alleviate concerns about recharging on the road. Opening Keynote: Southeast Asia’s New Automotive Ambition:Can Industry Players Successfully Navigate Transformation Amid Challenges? Guest Speaker: Krzysztof Tokarz, Chairman of the Automotive Working Group at TEBA, Founder of Auteneo He stated that there were four core strategic challenges in the electrification transformation of Southeast Asian automakers: First, a shortage of professional talent, with undersupply of high-quality talent in the EV and software fields, fierce competition for industry talent, and enterprises needing to plan for talent cultivation and retention; Second, cross-cultural coordination difficulties: significant differences in working models among Chinese, Japanese, Korean, European, American, and local enterprises, which easily led to issues such as lack of trust and poor cooperation; Third, complex and changing regional regulations: fragmented regulatory systems across Southeast Asian countries, with a fast pace of policy updates over the past year or more, placing high demands on enterprises' policy adaptation capabilities; Fourth, profitability pressure, as electrification reshaped the pricing system, with many automakers experiencing simultaneous contraction in revenue and profit margins, necessitating the exploration of long-term profitable models. Overall, he believed that while he currently maintained a cautiously optimistic attitude towards the development of industry technology and products, the aforementioned challenges still urgently needed to be addressed. Panel Discussion: Leadership Dialogue: East Asian Titans' "Southeast Asian Chessboard" Moderator: David Huang, The Head of Strategy, Marketing and Business Development, Forvia China Panelists: Dr. Yossapong Laoonual, Honorary Chairman and Advisors, Electric Vehicle Association of Thailand (EVAT) Suphot Sukphisarn, Honorary Chairman, Auto Parts Industry Club (APIC), The Federation of Thai Industries (FTI), Deputy Secretary General, Thai Auto-Parts Manufacturers Association (TAPMA） Krzysztof Tokarz, Chairman of the Automotive Working Group at TEBA, Founder of Auteneo Dr. Viroj Patcharawatanakul, Chief Marketing Officer (CMO), AAPICO Hitech PCL. The panelists noted that ASEAN countries have distinct industrial advantages: Malaysia has ample electronic factory resources, Indonesia possesses mineral resources needed for battery production, and Vietnam offers comprehensive labor incentive policies. To fully leverage each country's locational appeal, overall integrated planning is required. The ASEAN NEV market is expanding rapidly overall, with the regional EV penetration rate more than doubling. Thailand and Vietnam have seen impressive growth in XEV production and sales. Local vehicle production capacity remains stable, and Chinese new energy brands such as BYD, MG, and Great Wall have established a presence in Thailand, driving up demand for new energy parts supply. Thailand has a well-established multi-tier parts supply system: 27 vehicle manufacturers, 500 Tier 1 suppliers, and 1,800 Tier 2 and Tier 3 parts producers. Traditional mechanical processing industries like stamping, injection molding, rubber processing, machining, casting and forging, and assembly have a solid foundation, with huge annual parts capacity, providing the manufacturing capability to support new energy parts production. Keynote Speech: Navigating Automotive Disruption in Southeast Asia Guest Speaker: Timothy Wong, Principal, Roland Berger Roland Berger noted that AI-driven automation continues to advance and autonomous driving is developing steadily. It is expected that by 2040, autonomous driving will still struggle to become mainstream. However, AI technology has already disrupted the automotive industry, becoming a core driving force for enterprises to build differentiated advantages, enhance competitiveness, and innovate business models. The automotive industry is currently undergoing comprehensive disruptive changes, mainly in five dimensions: First, the automotive supply chain value chain is undergoing fundamental transformation, with vehicles and core parts upgrading toward electrification and electronics. Industry enterprises urgently need to adjust their product structures and proactively position themselves in emerging tracks; passively responding to market changes will entail significant risks. Second, the nature of automotive products is being reshaped by technology, shifting from traditional mechanical vehicles to software-defined vehicles. Sole mechanical manufacturing capabilities can no longer meet development needs; enterprises must build diversified cooperation ecosystems involving semiconductors, software, and sensors to cultivate new industrial capabilities. Third, the consumer market is undergoing significant iteration, with consumer car purchase preferences gradually tilting toward emerging brands, and industry competition continuing to intensify. Fourth, the pace of market iteration has greatly accelerated. Compared with the model update pace of once every few years by traditional automakers, Chinese brands iterate at a much faster pace, forcing the supply chain toward agile transformation and adaptation to rapidly changing vehicle specifications. Fifth, the aftersales distribution model is being disrupted, with traditional parts revenue being impacted by the growth of EVs. New direct-to-consumer models are emerging, requiring enterprises to restructure their distribution networks and expand aftersales services related to power batteries and electrification. Overall, all industry participants must proactively face transformation risks, actively transform and strategically restructure supply chains, vigorously explore new clients and deploy new businesses, abandon passive thinking that clings to existing models, and proactively plan future business development directions, so as to continuously maintain market competitiveness. Keynote Speech: Moving Beyond Negotiation: Fostering a New Framework for Southeast Asian Supply Chain Collaboration Based on the SMM Price Index Guest Speaker: Sing Yao, Director of Steel Business Unit, SMM Information & Technology Co., Ltd. She noted that Southeast Asia as a whole exhibits low per capita automobile ownership, limited NEV penetration, and a large young population, which holds enormous incremental market potential. This vast blue ocean is attracting leading Chinese NEV manufacturers to accelerate their footprint in the region. At the same time, however, Southeast Asian auto parts are highly dependent on imports, and the industry chain has long faced two major pain points: procurement difficulties and disorderly pricing. The launch of the SMM Southeast Asia Price Index may open up a new path for collaborative development of the local automotive supply chain. Low Per Capita Automobile Ownership, Limited NEV Penetration, and Large Young Population Create Vast Market Opportunities for Automakers According to SMM, in recent years, Southeast Asia’s automotive industry chain has shown remarkable resilience, with regional automobile production growing by 24.1% from 2020 to 2022. Although 2024 saw a cyclical decline for the first time due to global economic sluggishness, the decline in production and sales in Thailand and the broader Southeast Asian market has narrowed in 2025, underscoring the self-repair capability of the regional supply chain. As the region’s core hub, Thailand continues to dominate Southeast Asia’s automotive industry landscape with a capacity share of over 40%. In the short term, Thailand will maintain its position as a regional production center and export base, but its long-term competitive advantages are facing structural challenges: the sustained contraction of local capacity and the upgrading of neighboring countries’ industry chains are compelling it to accelerate technological transformation and supply chain restructuring. Driven by the immense allure of this industry “blue ocean,” leading Chinese NEV manufacturers are accelerating their expansion into the Southeast Asian automotive market. Keynote Speech:Baowu JFE Southeast Asia Strategy Sharing Guest Speaker: Liang Chen, Vice General Manager, Baowu Jiefuyi Special Steel Co., Ltd. He that overall steel production in Southeast Asia is declining, but the penetration rate of new energy electric vehicles (EVs) is surging: Thailand’s EV-related demand is up 80% YoY, while Indonesia’s demand has experienced a multiple-fold rise, with subsequent growth potential continuing to be released. Local NEV manufacturers previously purchased Japanese steel, but are gradually switching suppliers now, driven by industry competition and cost pressure. This also represents a core opportunity for the company to promote its supporting supply services. Leadership Panel: The Steel vs. Aluminum Debate and Cost Challenges Moderator: Michelle Leung, Head of Asia Metals and Mining, sustainability, Bloomberg LP Panelists: Thanakorn Thangwanichkapong, Director of Asia Operations, Maxion Wheels Martin Dilly, Southeast Asia Area Sales Director, Bureau Veritas The panelists noted that multiple disruptions, including the situation in the Strait of Hormuz and national tariff adjustments, have moved beyond short-term impact and are driving the restructuring of the entire steel and aluminum industry chain, with the structural transformation of the aluminum industry being particularly pronounced. Global supply chain vulnerability continues to intensify, and upward cost pressure on the industry has increased. Tariff barriers are reshaping the global trade landscape, and market competition is becoming increasingly fierce. The implementation of industrial localization has accelerated, but the pace of progress in Southeast Asia has seen a slowdown. Overall, only enterprises that possess both flexible logistics and procurement capabilities and a robust compliance management system can gain an advantage amid the industry transformation. Keynote Speech: Analysis of Southeast Asia's Secondary Aluminum Market and Price Trends Guest Speaker: Wong Yan Ling, Senior Aluminum Analyst, SMM Information & Technology Co., Ltd. She noted that Southeast Asia has become one of the fastest-growing secondary aluminum markets globally, and the worldwide competition for scrap resources is continuously reshaping the regional supply landscape. As resource protection policies are progressively implemented across various countries and regional manufacturing demand steadily expands, ASEAN countries are expected to further consolidate their core position in the global secondary aluminum industry chain. Regarding secondary aluminum price trends in H2 2026, SMM analysis suggests that weak seasonal demand in Southeast Asia may suppress the upside room for secondary aluminum prices, while the geopolitical situation in the Middle East remains a key variable affecting market trends. If shipping through the Strait of Hormuz returns to normal, cost pressures from logistics could ease. However, persistently tight scrap supply coupled with potential logistics disruptions may still drive up regional secondary aluminum prices. Specialized Seminar: Co-building a Resilient Automotive Materials Supply Chain for Southeast Asia Moderator: Sing Yao, Director of Steel Business Unit, SMM Information & Technology Co., Ltd. Panelists: Zongyan Fu, Purchasing Manager, Changan Auto Southeast Asia Co., Ltd. Weijiang Xue, Chief Engineer of Product R&D, Jiangsu Yonggang Group Co.,Ltd. Hui Yuan, General Manager, Tianjin Dewy Metal Surface Treatment Co., Ltd. Yi Huang, Deputy General Manager, Guangdong Superband Precision Industry Co.，Ltd. Thanakorn Thangwanichkapong, Director of Asia Operations, Maxion Wheels Hongwei Liu, General Manager, BYH NEW TECHNOLOGY CO., LTD. Saurabh Sharma, Sr General Manager & Executive Director, Hero Motors Thai Ltd. Jun Zou, Overseas Region Head, Marketing, Management Office, Baowu Jiefuyi Special Steel Co., Ltd. HaiBin Jia, Deputy Marketing Director, Beijing Jianlong Heavy Industry Group Co., Ltd. The panelists engaged in in-depth exchanges, drawing from their own business practices, focusing on the core topic of deep development in the Southeast Asian automotive industry. They focused on enterprises' current business layouts, operating status, and development trends in the Southeast Asian automotive market, and deeply analyzed core pain points and challenges such as supply chain adaptation, stable supply, and logistics support in the process of going global. At the same time, they shared detailed experiences regarding common challenges faced by enterprises going global, including localization certification, compliance system adaptation in and outside China, and alignment of policy standards. They also discussed core paths for enterprises to anticipate market changes, precisely allocate industrial resources, and quickly adapt to regional market rules and industry demands, focusing on industry trends. Furthermore, focusing on supply-demand coordinated development, they elaborated on their expectations for future cooperation models, collaboration mechanisms, and partnership needs with Chinese material suppliers. As buyers, they also clarified the types and directions of high-quality Southeast Asian clients they plan to prioritize for connection and cooperation, providing practical ideas and references for precise supply-demand matching and deep cultivation of the Southeast Asian automotive market for Chinese enterprises going global. Day 2: June 17 Keynote Speech: Analysis and Outlook of the Supply Chain in the Southeast Asian New Energy Market Speaker: Jena Wang, New Energy Consulting Project Manager, SMM Information & Technology Co., Ltd. She stated that driven by the rapid growth of the Southeast Asian NEV market, several automakers are accelerating their localization strategies. Battery demand in each country will also increase rapidly, with the region's total battery demand expected to grow by about ten times from 2025 to 2030, reaching approximately 201 GWh. However, it is worth noting that currently, Southeast Asia faces issues with low localization rates, significant structural gaps, and heavy import dependence for cathode materials and motor components. In Southeast Asia, the supply of local cathode materials and key motor components cannot meet demand, and the low localization rate and large capacity gaps have become key bottlenecks restricting the development of the NEV industry chain in the region. Data indicates that China's global production share of key new energy raw materials—such as batteries, cathode materials, lithium chemicals, and rare earth permanent magnets—generally exceeds 70%, with its capacity ranking first worldwide, demonstrating a significant advantage. In addition, she introduced the capacity distribution and industrialisation progress of key materials in the new energy markets of core Southeast Asian countries. Vietnam: Local automaker VinFast is boosting rapid development of the entire vehicle and upstream/downstream supporting industry chain. Thailand: As a core hub for automotive manufacturing and export in Southeast Asia, it boasts a relatively complete supporting system for motor and electric drive-related industries. Malaysia: It possesses a mature automotive industry foundation, but its local supporting capability for the three electric systems is insufficient; local policies focus on supporting vehicle assembly and regional distribution operations. Indonesia: With abundant nickel resources, it holds a pronounced competitive edge in the battery raw material industry. Overall, SMM believes that the capacity for core new energy components in Southeast Asia is relatively small. National policies are promoting localisation and industrial upgrading, leaving significant room for supply chain development. Leadership Panel: Supply Chain Security and Opportunities in Southeast Asia Moderator: Peter Klöpfer, Senior Manager Automotive Business Unit, RUTRONIK Electronics Worldwide Panelists: Akshay Prasad, Principal, Arthur D. Little SEA Alex Zhan, Head, ZF LIFETEC Thailand Asst.Prof.Uthane Supatti Ph.D., Head of the Power Electronics Applications and Energy Management (PEEM) Research Unit, Faculty of Engineering at Sriracha, Kasetsart University, Thailand, Vice President, Electric Vehicle Association of Thailand (EVAT) The panelists discussed about core themes of the Southeast Asian automotive supply chain. First, they addressed the delivery timeline crisis caused by sudden supply shortages, the crisis of lacking transparency in the industry chain, the crisis of industry-wide collaboration barriers, and the crisis of trust failure between upstream and downstream players. They jointly explored systematic resolution strategies and elaborated on their respective countermeasures. Building on this, the on-site guests further discussed the Japanese industry chain and China’s domestic supply chain, analyzing the development opportunities, long-term prospects, and practical implementation logic of two-way opening, healthy competition and cooperation, and deep integration between the two. Leadership Panel: Capacity Coopetition and Customer Breakthrough: Winning the Southeast Asian Supply Chain Battle Moderator: Wacharapisuth Thannapong, Researcher, BCG (Bio-Circular-Green Economy Policy) Research Team, Thailand Development Research Institute (TDRI) Panelists: MARK BRIAN PIRIE, Senior Vice President Purchasing & Supplier Management Asia Pacific, Executive Board Member, Schaeffler Frank Yu, General Manager of the Automotive Rubber & Metal Components Business Unit and Thailand Branch, Shanghai Baolong Automotive Corporation The panelists assessed the overheating of three-electric system (battery, motor, electronic control) capacity in Southeast Asia. They noted that overcapacity in three-electric systems is a global trend. The capacity now deployed in Southeast Asia and Thailand already exceeds confirmed demand, intensifying market uncertainty and heightening investment concerns. Risks are structurally differentiated: Tier-1 suppliers are more conservative and risk-averse compared to China’s domestic vehicle makers that are rapidly going global. There is localized overcapacity in basic e-drive parts and low-difficulty electronic components, while supply bottlenecks persist for key items such as high-performance automotive-grade semiconductors, advanced materials, and electrical steel. This is also a core motivation for Chinese suppliers setting up in Southeast Asia. Moreover, Southeast Asia’s geographical advantages are prominent, and mine development in Australia is progressing rapidly. Many mines are set to commence production by Q3 next year. The core contradiction in the industry is not simply overall surplus, but a mismatch between the regional allocation of capacity, the technologies adopted, and actual market demand. Additionally, the guests noted that the core challenges in Southeast Asia and Thailand revolve around three major issues: regional adaptation, supply chain gaps, and industrial competition and collaboration. Enterprises must independently weigh risks and expansion scales based on their own supply chain conditions to find a development balance suited to their needs. Meanwhile, to adapt to the unique environment of Southeast Asia—characterized by high temperatures, high humidity, floods, complex road conditions, and underdeveloped charging infrastructure—the EV technologies originally designed for the Chinese and European markets must undergo localized R&D and verification. This process ensures the reliability of batteries, electronic controls, and lubrication systems, as well as overall vehicle durability. It is recommended that Tier 1 suppliers and upstream partners proactively collaborate in depth with OEM design teams. Even for domestically mature production car models going global in Southeast Asia, it is essential to iterate and optimize products by leveraging local expansion opportunities while drawing on the cost, process, and quality control expertise gained from large-scale domestic production. Leadership Panel: Techno-Economic Analysis and Strategic Pathways for Battery Material Localization in Southeast Asias Moderator: Jay Yu, Senior director, SMM Information & Technology Co., Ltd. Panelists: Brian, Sales Director for the Electrolyte Division in Japan, South Korea, and Southeast Asia, TINCI Materials Max Miao, Director, SEVB Thailand Feng Hao, Southeast Asia Marketing Director, Hefei Guoxuan High-Tech Power Energy Co., Ltd. The panelists noted that amid the restructuring of global manufacturing, Southeast Asia’s lithium battery industry faces both challenges and opportunities. Enterprises are following downstream OEM clients in going global, establishing nearby supply systems centered on customer needs. Three key operational aspects require consideration. First, at the policy level, Southeast Asia’s lithium battery industry must supply both the local market and target exports to Europe and the U.S. Regional policy changes have far-reaching impacts, requiring enterprises to conduct ongoing in-depth analysis and implement corresponding response strategies. Second, in terms of human and cultural factors, local traditions and family values are distinct, necessitating flexible management that fully respects local customs, cares for local employees, and stabilizes production teams. Third, regarding the industry chain, the region’s upstream lithium battery materials are notably underdeveloped. Key raw materials such as high-purity solvents, lithium chemicals, and functional additives currently rely heavily on imports from China, Japan, and South Korea. The establishment and improvement of local upstream and downstream supply capabilities urgently need to be addressed, making this a key focus for future enterprise deployment. In addition, they also mentioned that in H2 this year, NEV-related subsidies in Southeast Asia may be gradually phased out, and Thailand's EV 4.0 policy and the year-end tax rebate policy will also undergo adjustments. Drawing on China's NEV development experience, local automakers will gradually break free from reliance on policy subsidies and instead compete in the market by leveraging product strength and market-based pricing. This year, Thailand's NEV sales are conservatively estimated to reach 120,000 units, with a potential to hit 160,000 units. Compared with Japanese car models, Chinese NEV models have ample room for price adjustment, offering a clear advantage. Currently, battery enterprises are actively assisting automakers in expanding markets and securing more orders, while also suggesting that automakers moderately raise vehicle selling prices. The industry generally believes that automakers will most likely offset the operational pressure from subsidy reductions through price adjustments in the future. Procurement Matchmaking Meeting >Click to view more highlights from the event Check-in & Networking This is the end of the 2026 SMM (3rd) ASEAN Automotive Supply Chain Conference . Thank you for the support of all industry peers. See you next year!

The year 2026 marks the first year of the 15th Five-Year Plan. Against a backdrop of intensifying global macro volatility and the in-depth advancement of China’s high-quality development, the zinc industry is undergoing profound changes: structural tension arises from tight ore supply and the release of smelting capacity, the divergence between domestic and overseas inventories reflects the complex dynamics of supply-demand rebalancing, and technological innovation is becoming a key driving force for resolving contradictions and reshaping the landscape. Key areas of the 15th Five-Year Plan, such as new energy and new-type infrastructure, inject fresh momentum into traditional zinc consumption, while green, low-carbon and circular economy are also accelerating the reshaping of industrial logic driven by technological innovation. With the joint support of upstream and downstream enterprises in the zinc industry, industry associations and relevant parties, the 2026 SMM Zinc Industry Conference and the 8th Hot-Dip Galvanizing Industry Development and Technological Innovation Forum, the 14th Zinc Salt, Zinc Oxide and Zinc Secondary Resources Development Forum, and the Cast Zinc Alloy Development Forum will be held on August 6-8 in Qingdao, Shandong. Themed “Gathering Zinc Momentum, Building the Zinc Industry, Embarking on a New Journey,” the conference is driven by the dual wheels of macro perspective and fundamental analysis. It closely follows the main line of high-quality development of the 15th Five-Year Plan, focuses on the four dimensions of macro policies, supply-demand patterns, global trade and technological innovation, and uses technological breakthroughs to drive cost reduction and efficiency gains while leveraging collaborative innovation to respond to market fluctuations, jointly painting a new blueprint for the high-quality and sustainable development of the zinc industry. Huanghua Huixin Weiye FRP Co., Ltd. will grandly attend this grand event to discuss industry development trends with industry peers and jointly push the zinc industry to new heights. Click to register now to attend, and join us in witnessing and participating in this significant and far-reaching industry event to create a brilliant new chapter together! Huanghua Huixin Weiye FRP Co., Ltd., founded in 1971, focuses on the R&D and manufacturing of high-quality FRP products, efficiently serves markets throughout China and outside China, and is your trusted FRP solution provider. The company is located in Huanghua City, Hebei Province, at the core of the Bohai Economic Rim. Leveraging its excellent location adjacent to Beijing-Tianjin, Xiong’an New Area and the 100-million-ton Huanghua Port, the company enjoys convenient sea-land transportation network and vast market hinterland. Over more than 40 years of development since its establishment, the company has accumulated solid strengths in technology, personnel and production equipment. The company covers an area of nearly 70 mu, with a building area of 35,000 m². It has 230 employees, including 8 with senior professional titles, 15 with intermediate titles, and 80 junior technical personnel. Since its inception, the company has maintained long-term collaborations with over a dozen research institutes and universities such as the Chinese Research Academy of Environmental Sciences, boasting strong technical capabilities. The company has 10 filament winding container production lines, 10 filament winding pipe production lines for DN50-4000mm, 15 compression molding machines, 25 pultrusion lines, 40 FRP grating molds, various molds for round and square FRP cooling towers, fans and other products, and complete testing equipment. Main products include: FRP filament-wound containers, flue gas desulfurization equipment, FRP purification equipment, FRP filament-wound pipes, pickling tanks, anti-corrosion engineering, ventilation fans, FRP cooling towers, FRP gratings, water tanks, FRP deodorization and purification equipment, FRP sewage pool cover plates and over ten other categories of FRP products. During its development, the company leadership has placed great emphasis on product quality and corporate reputation. With a people-oriented and technology-pioneering approach, the company survives by quality, strengthening internal management and expanding external markets. Our FRP series products cover more than 20 provinces, municipalities and autonomous regions across China, and are exported to the Americas, Europe, Africa and other regions. They are widely used in petrochemical, gas station, machinery, papermaking, power, food, water supply and drainage, textile dyeing and printing industries, and are highly praised by users. Our company has always strictly controlled every link and every process. The company’s testing system and procedures comply with advanced international industry standards, controlling precision to the strictest, product quality to the most excellent, and every minor detail to the most perfect, allowing customers to deeply feel Huixin’s rigorous and pragmatic quality commitment while using the products...... The company always adheres to the business policy of “Customers First, Reputation Foremost,” and sincerely cooperates with friends from all walks of life with excellent products and comprehensive after-sales service for mutual development. ◆Contact Information◆ Ma Linxing Mobile:15230713888 Tel:0317-5653296 Fax:0317-5653296 Website:www.hxwyblg.cn E-mail:sx-blg@163.com Address:Xidazhuang Industrial Zone, Jiucheng Town, Huanghua City, Hebei Province Long press and scan to register now 2026 SMM Zinc Conference

[SMM Magnesium Express]Yesterday, Henan Dewei Co., Ltd. was intensifying performance testing and final approval for the second batch of magnesium alloy wheels supplied to Ford in the U.S. The company has independently developed and mastered the core patent for "one-time forward and reverse forging process of magnesium alloy automotive wheels," operating the only two mass production lines for magnesium alloy wheels globally. Its products have been certified by premium automakers such as Mercedes-Benz, BMW, and Porsche, making it the sole domestic magnesium alloy wheel manufacturer capable of mass supplying high-end automakers. With the continuous enhancement of magnesium alloy wheel mass production capabilities, the competitiveness of domestic lightweight components in the international market is expected to further improve.

CITIC Dicastal has revised its aluminum alloy wheel supply agreement, increasing annual related-party purchase caps to RMB 11 billion in 2026, RMB 12 billion in 2027 and RMB 13 billion in 2028. The company said the higher limits reflect rising aluminum prices, stronger demand for aluminum wheels driven by the EV sector and higher expected shipment volumes. The new agreement covers only finished aluminum alloy wheels and excludes raw material purchases, while transactions will remain subject to market pricing and regulatory oversight.