Search results for latest

[Progress on the 150,000-Set Power Battery Recycling and Reuse Project in Jining, Shandong] Recently, the environmental impact assessment document for the "Green Disassembly, Energy Saving, Emission Reduction, and Recycling Reuse of Vehicle Power Battery Packs Project" by Shandong Yuandong Weilai Low-Carbon Technology Co., Ltd. has been approved. The project is a new construction project located in the Jindong Industrial Park, Gaohe Street, Jinxiang County, Jining City. It involves leasing existing factory buildings to build 3 second-life application disassembly lines and 2 reuse production lines, with an annual capacity to disassemble 50,000 retired power battery packs and assemble 100,000 second-life battery products.   [New Progress on Recycling Project in Hunan] Recently, the Xiangxiang Municipal People's Government in Hunan Province announced a change in the planning scheme for the 20,000 mt scrap lithium-ion battery disassembly and recycling project and the annual 30,000 mt battery-grade lithium carbonate project. The main change in the scheme is that Yuneng Cycle optimized the positions of areas such as production workshops, tank farms, warehouses, green spaces, and parking spaces in the new plan. Among them, the 20,000 mt scrap lithium-ion battery disassembly and recycling project had already initiated the environmental impact assessment announcement process as early as November 2024. The total investment in this project reached 150 million yuan, and it is planned to be constructed within the reserved second-phase land of the existing plant area. After completion, the project will have an annual production scale capable of disassembling and recycling 20,000 mt of scrap lithium batteries.   [Launch of the 120,000 mt LFP Black Mass Comprehensive Reprocessing Project in Hubei] Recently, the Huanggang High-Tech Industrial Development Zone in Hubei issued the first environmental information announcement for the "Annual Processing of 120,000 mt LFP Black Mass Comprehensive Reprocessing Project" by Hubei Ruiyuan New Materials Co., Ltd. The total project investment is 700 million yuan, with a designed annual processing capacity of 120,000 mt of LFP black mass.   [Launch of the 12,000 mt Lithium Carbonate Technological Transformation Project in Jiangsu Province] Recently, another lithium chemicals enterprise decided to carry out technological transformation of its project. A notice released by the Haimen District Data Bureau of Nantong City shows that the "Battery-Grade Lithium Carbonate Production Line Green Intelligent Quality Improvement Technological Transformation Project" by Jiangsu General Lithium Co., Ltd. has been accepted. This project is located at No. 42 Daqing Road, Sanchang Industrial Park, Haimen District, Nantong City, with a total investment of 108 million yuan, including 600,000 yuan in environmental protection investment. This project is located at No. 42 Daqing Road, Sanchang Industrial Park, Haimen District, Nantong City, with a total investment of 108 million yuan, including 600,000 yuan in environmental protection investment.     [New 40,000 mt Lithium Battery Second-Life Application and Recycling Regeneration Project in Shandong] Recently, Dejia Environmental Protection Company announced the first environmental impact assessment notice for its annual resource utilization project of 50,000 mt of scrap lithium batteries on its official website. The total project investment is 110 million yuan, which will be used to purchase equipment such as scrap battery disassembly systems, battery performance detection systems, second-life application systems, and disassembly recycling systems. The project will establish 1 new second-life application production line and 2 disassembly recycling production lines. Upon completion, the project will achieve an annual production scale capable of resource utilization of 50,000 mt of scrap lithium batteries.   [Hunan's 10kt Battery-Grade Lithium Carbonate Production Project Latest Announcement] Recently, the Hengshan County People's Government website released the "Announcement of the Public Consultation Draft for Hunan Bicheng Technology Co., Ltd.'s Annual 10kt Battery-Grade Lithium Carbonate Production Project," marking the project's landing in Hengshan and signifying another increase in lithium carbonate supply. Currently, the company has completed construction of the first phase of a new production line for 200,000 mt per year of new-type environmental protection high-end active calcium oxide, a 60,000 mt per year high-end active refined lime production line, a 100,000 mt per year calcium hydroxide production line, and other projects.   [Shandong's 40kt Lithium Battery Second-Life Application and Recycling Regeneration Project Lands] Recently, the Zibo Municipal Bureau of Ecology and Environment released the acceptance announcement for the environmental impact assessment report of the 40kt lithium battery second-life application and recycling regeneration project. The project plans to construct an R&D center, production workshops, warehouses, etc., and purchase over 210 sets of equipment including lithium battery pack disassembly lines, module disassembly lines, and monomer battery detection and grading systems. Upon completion, the project will achieve an annual capacity of 40kt for lithium battery second-life application and recycling regeneration.   [12kt Scrap Lithium Battery Recycling Project Approved] Recently, the Hegang City Bureau of Ecology and Environment in Heilongjiang Province released an announcement regarding the intended approval opinions for two environmental impact assessment documents, including the Hegang City Scrap Lithium Battery Recycling Project. The total investment for the project by Heilongjiang Chanlian Metal Manufacturing Co., Ltd. is 190 million yuan. The construction site is located south of Guangyi Wood Industry in Nanshan District, Hegang City, Heilongjiang Province. The project will be constructed in two phases. The first phase involves building one scrap lithium battery processing line with an annual processing capacity of 6,000 mt for scrap lithium batteries (including 5,000 mt/a for scrap ternary lithium batteries and 1,000 mt/a for scrap LFP batteries). The second phase involves building five production lines within the workshop: three for processing scrap positive pole pieces and two for processing scrap negative pole pieces. The total annual processing capacity for both scrap ternary lithium battery positive and negative pole pieces is 6,000 mt each.     [For more content, subscribe to SMM Nickel Research Group products "China Nickel-Chromium-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chromium-Stainless Steel Industry Chain Premium Report" to obtain the latest data analysis and market insights on nickel ore, NPI (China + Indonesia), refined nickel, nickel sulphate, chrome ore, ferrochrome, and stainless steel (China + Indonesia)! For subscription or trial, please call 021-51666863, Contact: Fu Jian]

On November 6, 2025, the assessment report of the mining rights transfer income for the undeveloped lithium ore resources in the Zhankouli-Fengxin County Jianxiawo mining area in Yifeng County, Jiangxi Province, was published on the official website of the Jiangxi Provincial Department of Natural Resources. The following is part of the original content: Evaluation Method: At the evaluation base date, this mine was a proposed exploration right and at the time of this evaluation, it was a production mine with a large production scale. However, the service life of the utilized resources was short, and the investment and costs corresponding to the evaluation object could not be easily separated from the joint investment and production costs associated with porcelain clay mines. Therefore, it did not meet the conditions for using the cash flow method to evaluate the mining rights transfer income for the undeveloped lithium ore resources. According to the "Guidelines for the Application of Mining Rights Transfer Income Assessment (2023)" and the purpose and characteristics of this evaluation, the income rights method was adopted for this assessment. The income rights method is an indirect estimation method based on the principle of substitution, which adjusts the present value of sales revenue through a mining rights equity coefficient as the value of the mining rights. The mining rights equity coefficient is a parameter set by the income rights method, representing the ratio of the assessed value of the mining rights to the present value of sales revenue, mainly reflecting the cost level of the mine, including all aspects of the profit pathway. Given that the ore body of this mine is shallow and suitable for open-pit mining; the geological structure of the mining area is simple; the hydrogeological and engineering geological conditions are simple, and the environmental geological conditions are moderate; and the difficulty of ore processing is low, after considering all these factors, the equity coefficient for the rare metal concentrate mining rights for this evaluation was determined to be 7.00% (this is the mining rights equity coefficient and does not represent the yield). Evaluation Conclusion: In accordance with relevant national laws and regulations, adhering to the principles of independence, objectivity, and fairness, and based on the verification of property rights of the evaluated mining rights, as well as a thorough investigation, understanding, and analysis of the actual situation and market of the evaluation object, and following a scientific evaluation procedure, reasonable evaluation methods and parameters were selected. After evaluation and estimation, the assessed value of the "mining rights transfer income for the undeveloped lithium ore resources in the Zhankouli-Fengxin County Jianxiawo mining area in Yifeng County, Jiangxi Province (utilized recoverable reserves of 25.4436 million mt of ore)" at the evaluation base date was determined to be ￥246.6231 million. At the evaluation base date, this mining right was a proposed reconnaissance exploration right. According to the "Notice on Issuing the Market Benchmark Price for Mining Rights Transfer Income in Jiangxi Province" (Gan Guotu Zi [2018] No. 58) issued by the Jiangxi Provincial Department of Land and Resources, the market benchmark price for the undeveloped lithium ore resources exploration right at the evaluation base date was ￥69.3 million. In summary, the assessed value of the mining rights transfer income for the undeveloped lithium ore resources in the Zhankouli-Fengxin County Jianxiawo mining area in Yifeng County, Jiangxi Province, exceeded the market benchmark price for the exploration right transfer income in Jiangxi Province at the evaluation base date, complying with the principle stipulated in the "Notice of the State Council on Issuing the Reform Plan for Mineral Resource Equity Fund System," where the mining rights transfer income should be determined based on the higher of the assessed value or the market benchmark price. There is still no official statement regarding when the Jianxiawo mine will resume production. Please treat market rumors with caution!

[Anhui 20kt Scrap Lithium Battery Recycling Project Launched] Recently, the People's Government of Taihe County, Fuyang City, Anhui Province, released a draft environmental impact assessment report for the End-of-Life Lithium Battery Material Resource Recycling and Reuse Project, marking a key step for Taihe County in building a closed-loop new energy industry chain. Anhui Yueshengda New Material Technology Co., Ltd. will invest 230.51 million yuan to establish a new annual recycling project capable of processing 20kt of scrap lithium batteries in the Fuyang Shoutai New Energy Industrial Park. The project focuses on automotive power lithium-ion batteries, covering both ternary lithium batteries and LFP batteries. After entering the facility at a 1:3 ratio, the project adopts a combined process of second-life application and physical disassembly recycling to maximize resource recovery.   [2.4kt Power Battery Recycling Project Launched in Yunnan] Recently, the People's Government of Wenshan City, Yunnan Province, released a draft environmental impact assessment report for the Wenshan Scrap Vehicle and Used Battery Dismantling and Recycling Reuse Project, marking an important step for Wenshan City in the field of resource recycling. The project, invested 147.51 million yuan by Wenshan Diannan Project Management Co., Ltd., will be located in the Jiamashi area of the Matang Industrial Park in the Wenshan High-Tech Industrial Development Zone. Upon completion, it will have an annual capacity to process 20,000 units of scrapped vehicles and 108.4kt of renewable resources.   [20kt Scrap Power Battery Processing Line Put into Operation in Hubei] In recent years, the Yangtze River Industry Group has continued to increase its investment in Huangshi. The lithium battery recycling zero-carbon industrial park project is the fifth project it has launched in Xialu District. According to the plan, the second phase of the Yangtze Ruikemei project will carry out the disassembly, fine disassembly, and second-life application of lithium batteries. On this basis, the company will further engage in the recycling of cathode materials and lithium battery production, thereby establishing a full industry chain system covering "recycling and processing—material regeneration—second-life application" for end-of-life power batteries.   [Jiangxi 120kt End-of-Life Lithium Power Battery Comprehensive Utilization Project Announced] Recently, the Ecological Environment Bureau of Xingan County, Ji'an City, Jiangxi Province, released the second information disclosure for the environmental impact assessment of the Jiangxi Woquan Energy Technology Co., Ltd. End-of-Life Lithium Power Battery Comprehensive Utilization and Silicon Carbon Anode Material Manufacturing Project. This marks an important step for the enterprise in promoting the sustainable development of the NEV industry. According to the plan, the completed production line will have an annual capacity to process 120kt of end-of-life lithium power batteries, including 40kt of ternary lithium batteries and 80kt of LFP batteries. Additionally, a new production line with an annual output of 10kt of silicon carbon anode materials and related supporting facilities will be established.   [400,000 mt Scrap Power Battery Capacity Project Lands in Anhui] Recently, the Lu'an Municipal Bureau of Ecology and Environment issued a pre-approval announcement for the environmental impact report of the Battery Second-life Application and Recycling Center project by Anhui Jingyuan Environmental Engineering Co., Ltd. The project will construct a scrap power battery second-life application production line with proprietary equipment. Upon completion, the project is expected to achieve an annual processing capacity of 400,000 mt of scrap power batteries.   [120,000 mt Jiangxi Province Power Battery Recycling Project Lands] Recently, the Xingan Ecological Environment Bureau of Ji'an City, Jiangxi Province, conducted the second information announcement for the environmental impact assessment of the Scrap Lithium Power Battery Comprehensive Utilization and Silicon Carbon Anode Material Manufacturing project by Jiangxi Woquan Energy Technology Co., Ltd. The project, invested in and constructed by Jiangxi Woquan Energy Technology Co., Ltd., has a planned investment of 2.055 billion yuan. It covers an area of 202.72 mu and will construct an annual processing line for 120,000 mt of scrap lithium power batteries (including disassembly, crushing, and disassembly recycling), comprising 40,000 mt of scrap ternary lithium batteries and 80,000 mt of scrap LFP batteries, along with an annual production line for 10,000 mt of silicon carbon anode material and supporting utilities and auxiliary facilities.   [75,000 mt Anhui Hefei Lithium Battery Material Recycling Project Lands] On October 29, the Chentai Environmental Bureau of Hefei City, Anhui Province, released the acceptance announcement for the "Annual Processing of 75,000 mt of Lithium Battery Material Recycling Project" by Anhui Xunying Renewable Resource Utilization Co., Ltd. The project will construct one disassembly production line, one battery cell crushing production line, three negative pole piece recycling processing lines, one waste positive pole piece recycling processing line, etc., to process scrap LFP battery cells, ternary lithium batteries, scrap anode material, and scrap cathode material. Upon completion, it is expected to form an annual processing capacity of 75,000 mt of lithium battery materials.     [New 80,000 mt Annual Battery-Grade Lithium Carbonate Project Added] Hunan Dazhong Heque announced a new project for an annual output of 80,000 mt of battery-grade lithium carbonate on October 30, 2025, which is scheduled for completion in 2028. Leveraging the newly acquired mining license for the large Jijiaoshan lithium mine, the project possesses dual advantages in resources and technology. This project represents a major upgrade from the original 40,000 mt/year plan, marking the company's deep layout in the lithium battery industry chain.     [Battery Resource Recycling Base Project Lands in Chongqing] Recently, the Management Committee of the High-tech Zone in Tongnan District, Chongqing, issued the first public participation announcement for the environmental impact assessment of the "Battery Resource Recycling Base Project" by Chongqing Yuanda Catalyst Comprehensive Utilization Co., Ltd. The power battery recycling and disassembly recycling production line will be expanded, with the battery monomer line capacity increasing to 4,200 mt/year and the LFP cathode material repair line capacity increasing to 1,600 mt/year. Injecting strong momentum into building Chongqing into a leading power battery recycling industrial base in western China.       [Subscribe to SMM Nickel Research Group products "China Nickel-Chromium-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chromium-Stainless Steel Industry Chain High-end Report" for more content, and obtain the latest data analysis and market insights on nickel ore, NPI (China + Indonesia), refined nickel, nickel sulphate, chrome ore, ferrochrome, and stainless steel (China + Indonesia)! For ordering or trial subscriptions, please call 021-51666863, Contact: Fu Jian]

Professor Xiao Xuezhang and Professor Chen Lixin's research team from Zhejiang University, in collaboration with related forces from Sun Yat-sen University, published their latest research findings titled "Rare-Earth-Induced Charge Polarization in Medium-Entropy Alloy Driving Fast Hydrogen Generation" in Advanced Functional Materials. The team proposed a "rare-earth-induced charge polarization" strategy to design high-performance medium-entropy alloy catalysts, achieving efficient hydrogen generation from the alcoholysis of ammonia borane (AB) at room temperature, providing new catalytic design ideas for the large-scale application of hydrogen energy. PhD students Chu Fei and Wang Jinze are the co-first authors of the paper. The research background shows that the high-hydrogen-content compound ammonia borane (NH3BH3, AB) has a hydrogen storage density of 19.6 wt% and good environmental stability, making it an ideal material for hydrogen storage and production. Catalytic hydrogen production from AB and methanol can be carried out at room temperature without the generation of harmful ammonia, showing potential as a hydrogen source for fuel cell vehicles. Among these, dehydrogenation on the methanol side is the rate-determining step, requiring the development of highly active and stable catalysts to promote methanol decomposition. Current studies often use the d-band center to evaluate the adsorption capacity of catalysts, but due to the lack of clear distinction between the "adsorption-activation" two steps in methanol decomposition, the understanding of the catalytic mechanism is insufficient, limiting the design of high-performance catalysts. To address this issue, the team proposed a "rare-earth-induced charge polarization" strategy, introducing rare earth element La with strong electron supply capability into the CuCoNi medium-entropy alloy (MEA) system, regulating the charge distribution between atoms, and achieving synergistic enhancement of "adsorption-activation." The study calculated the average atomic charge of the CuCoNiX-MEA system (X=V, Cr, and six other elements), screening La as the optimal doping component, which forms a significant charge difference with Cu/Co/Ni, laying the foundation for the synergy of "adsorption-activation." The team synthesized single-phase CuCoNiLa-MEA catalysts using carbothermal reduction, and XRD, TEM, and other characterizations confirmed the successful solid solution of La atoms, determining 690°C as the optimal synthesis temperature. Performance tests showed that the TOF value of CuCoNiLa-MEA nanoparticles prepared at this temperature reached 102 molH2 molcat-1 min-1; when the doping ratio of La was 0.3, the catalyst performed best, with the TOF value increasing to 147.9 molH2 molcat-1 min-1, about 50% higher than that of CuCoNi-MEA. Kinetic studies revealed that its apparent activation energy was as low as 31.3 kJ mol-1, lower than the 35.6 kJ mol-1 of CuCoNi, significantly reducing the reaction kinetic barrier. Mechanism studies revealed that after the introduction of La, significant interatomic charge polarization occurred: La exhibited a +1.124 e positive charge, while Cu/Co/Ni exhibited negative charges. Positively charged La adsorbs the O atom of methanol directionally, while negatively charged Cu/Co/Ni adsorb and accelerate the dissociation of H atoms. DFT calculations and AIMD simulations confirm that the methanol adsorption energy at La sites is more negative, with faster and more stable adsorption. The synergistic coupling of "adsorption-activation" significantly enhances catalytic efficiency. This study provides a novel guiding strategy for the design of high-performance, low-cost hydrogen production catalysts, which is of great significance for the sustainable development of hydrogen energy.

[Anhui 75,000 mt Lithium Battery Recycling Project Launched] Recently, the Ecology and Environment Bureau of Hefei City, Anhui Province officially announced a major environmental protection initiative—the acceptance notice for Anhui Xunying Renewable Resources Utilization Co., Ltd.'s "Annual Processing of 75,000 mt of Lithium Battery Materials Recycling Project." According to the plan, three large production workshops and supporting facilities will be newly built, and various advanced production equipment including crushers, vibrating screens, and grinding machines will be introduced. Additionally, a dedicated production line for battery cell crushing, three negative pole piece regeneration processing lines, and one positive pole piece regeneration processing line will be constructed. Upon full completion and operation, the project is expected to effectively process approximately 75,000 mt per year of various types of scrap LFP/ternary lithium battery cells and their associated components.   [Taiyuan, Shanxi Launches 8,000 Modules/Year Second-Life Application Project] Recently, the Administrative Approval Service Administration Bureau of Taiyuan City, Shanxi Province officially publicized the acceptance of the environmental impact assessment documents for "Shanxi Huanging Renewable Resources Utilization Co., Ltd.'s New Energy Lithium Battery Second-Life Application Project," marking an important step towards green transformation is expected to be implemented. The total investment in this project is as high as 76.0096 million yuan. The project will adopt a phased construction strategy. The first phase focuses on the pretreatment and dismantling of recycled end-of-life vehicles, with a designed dismantling capacity of 20,000 units per year, laying a solid foundation for subsequent resource utilization. The second phase goes further, carrying out key steps such as testing, reassembly, and second-life application for new energy power batteries, with an expected testing and packaging capacity of 8,000 modules per year.   [400,000 mt Scrap Power Battery Resource Recycling Project Commences Operation] Recently, Hunan Kejian Energy Development Co., Ltd.'s "Annual Processing of 400,000 mt Scrap Power Battery Resource Recycling Project" was completed and put into operation. It is reported that this project started construction in 2024, with a total investment of 185 million yuan and a land area of 33,300 m².     [Announcement of Large Order for 450,000 mt Battery Raw Materials and Materials] Recently, GEM (002340) announced that the company signed a strategic cooperation framework agreement with XTC New Energy Materials (Xiamen) (688778) for the supply of advanced battery raw materials and materials. The announcement shows that both parties agreed to establish a long-term partnership for the raw material supply chain of ternary cathode material, LCO, solid-state lithium battery materials, semi-solid-state lithium battery materials, lithium-rich manganese-based materials, and other products used in lithium batteries for consumer electronics, power applications, as well as low-altitude aircraft, eVTOL, AI, robots, and other fields.     [60,000 mt Scrap Lithium Battery Project Commences Construction] On October 28, Huojia County held the commencement ceremony for Xinxiang City Huarui Power Supply Materials Co., Ltd.'s annual recycling and utilization project for 60,000 mt of scrap new energy power batteries. According to reports, Xinxiang Huarui Power Supply Materials Co., Ltd.'s annual recycling and processing project for 60,000 mt of scrap lithium batteries is expected to require an investment of 120 million yuan. The project will cover an area of 30 mu, with newly constructed workshops, offices, and auxiliary facilities totaling 15,000 m². It will establish 10 new energy power battery disassembly lines, with an expected construction period of 15 months. Upon completion, the facility will be capable of recycling 60,000 mt of various new energy power batteries annually and create 30 new jobs.     [60 GWh Battery Industry Base Project Expansion Announcement] Recently, the Ecological Environment Bureau of Yanzhou District, Jining City, Shandong Province, intends to issue an examination opinion on the environmental impact assessment document for the construction project "Phase II Expansion of the Shandong Times New Energy Technology Co., Ltd. Shandong Times New Energy Battery Industry Base Project Environmental Impact Report Form." The Phase II expansion of the Shandong Times New Energy Battery Industry Base Project obtained the Shandong Province Construction Project Filing Certificate on January 24, 2025 (Filing No.: 2501-370812-04-01-690454). The construction content and scale involve utilizing existing workshops, purchasing equipment such as coating machines and winding machines, using NCM & LFP as raw materials, and employing wet coating production technology and processes. The main energy-consuming equipment includes coating machines, high-efficiency slurry preparation machines, capacity testing machines, and formation machines, aiming to achieve an annual production capacity of 60 GWh of lithium battery products. The total project investment is 354.5 million yuan.     [Lithium Battery Recycling Project Lands in Heilongjiang] Recently, the Hegang Municipal Government released a public notice regarding the acceptance status of the environmental impact assessment documents for the Hegang City Scrap Lithium Battery Recycling and Utilization Project. The project will be constructed in two phases. Phase I involves building one scrap lithium battery processing production line with an annual processing capacity of 6,000 mt of scrap lithium batteries (including 5,000 mt/a of scrap ternary lithium batteries and 1,000 mt/a of scrap LFP batteries). Phase II involves constructing five production lines within the workshop: three for processing scrap positive pole pieces and two for processing scrap negative pole pieces.     [400,000 mt Scrap Power Battery Resource Recycling and Utilization Project Commences Operation] Recently, Hunan Kejian Energy Development Co., Ltd.'s "Annual Processing of 400,000 mt Scrap Power Battery Resource Recycling and Utilization Project" was completed and commenced operation. It is reported that this project began construction in 2024, with a total investment of 185 million yuan and a land area of 33,300 m². It utilizes advanced pre-treatment and separation extraction processes for the refined disassembly and standardized utilization of scrap power batteries.     [Inner Mongolia 50,000 mt Lithium Battery Recycling and Utilization Project Proposed] Recently, the Horqin Left Rear Banner government website published the first public participation notice regarding the environmental impact assessment for the Tongliao City Ecological Environment Bureau Horqin Left Rear Banner Branch's project related to Inner Mongolia Bona Qingyuan Renewable Resources Technology Co., Ltd.'s lithium battery and scrap electrical equipment recycling, disassembly, and resource utilization project. The project will be constructed in three phases. Phase I involves building a second-life application production line for lithium batteries and a lithium battery crushing, sorting, and recycling production line, with an annual processing capacity of 30,000 mt for second-life lithium batteries and an annual crushing, sorting, and recycling capacity of 20,000 mt for lithium batteries. Phase II involves constructing a waste solar panel processing line with an annual capacity of 20,000 mt. Phase III involves building a waste wind turbine blade processing line with an annual capacity of 20,000 mt.       [Public Announcement of High-End Fluorinated Fine Chemicals Project with Over 10,000 mt Capacity] Recently, the Weihai Municipal Bureau of Ecology and Environment issued an announcement regarding the capacity expansion project for high-end fluorinated fine chemicals by Weihai Xinyuan New Materials Co., Ltd. The specific details of the project are as follows: The proposed project covers an area of approximately 32 mu, utilizing two existing workshops along with their outdoor installations and auxiliary control rooms and power distribution rooms. It will add a construction area of 6,974.5 m², including the construction of one new workshop and its outdoor installations, a new circulating cooling water and refrigeration system, a new ethylene storage tank group equipped with two ethylene storage tanks and an ethylene vaporizer, two trifluoropropylene storage tanks, two trifluoroethanol storage tanks, and related auxiliary facilities. Approximately 468 units (sets) of equipment will be procured, while other public and auxiliary facilities will rely on the company’s existing infrastructure.         [For more content, subscribe to SMM Nickel Research Group’s products: "China Nickel-Chrome-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chrome-Stainless Steel Industry Chain High-End Report" to access the latest data analysis and market insights on nickel ore, nickel pig iron (China + Indonesia), refined nickel, nickel sulphate, chrome ore, ferrochrome, and stainless steel (China + Indonesia)! For subscriptions or trial access, please call 021-51666863, Contact: Fu Jian.]

[Shandong's 30kt Power Battery Recycling Comprehensive Utilization Project Is Here] Recently, the relevant website officially released the second public notice of the environmental impact report for the "Shandong Lizhihui New Energy Technology Co., Ltd. New Energy Power Scrap Lithium Battery Second-Life Application and Harmless Treatment Project," marking a new development phase for this milestone environmental protection and resource regeneration project. The total investment in the project is as high as 50 million yuan. The core construction content includes one efficient new energy power scrap lithium battery second-life application production line and two professional harmless treatment production lines.   [Fujian's 1 Billion Yuan New Energy Battery Materials Recycling Project Lands] Recently, the Fuding Industrial Park Management Committee in Fujian Province officially released the full text of the environmental impact report for the "Fujian Province Saibang New Material Technology Co., Ltd. New Energy Battery Materials Recycling Project," marking the project's entry into the public view and injecting new momentum into the green transformation of the regional economy. The total investment in the project is as high as 1.0123 billion yuan.     [Hebei's 10kt Lithium Battery Second-Life Application Is Here] Recently, the relevant website released the pre-approval public notice for the "Rongxin (Shunping County) New Energy Co., Ltd. Lithium Power Battery Second-Life Application Project Environmental Impact Report," marking this forward-looking project's expected implementation in Shunping County, Baoding City, Hebei Province. The total investment in the project reaches 150 million yuan, with the site located in the North Zone of the Hebei Shunping Economic Development Zone. Upon completion, it is expected to achieve second-life application for 25,000 sets of lithium-ion power batteries annually, producing 0.95 GW·h of ESS products; simultaneously, it will also crush and sort 10,000 mt of lithium-ion power batteries.   [Anhui's 20kt Scrap Lithium Battery and Positive Pole Piece Resource Utilization Project Is Here] Recently, the Chizhou Ecological Environment Bureau in Anhui Province officially released the first public participation notice for the environmental impact assessment of the "Chizhou Xiaobu New Material Technology Co., Ltd. Scrap Lithium Battery and Positive Pole Piece Resource Utilization R&D and Industrialisation Project," marking the official entry of this milestone project into the public view. The total investment in the project is as high as 300 million yuan.   [Jiangxi's 5kt Scrap LFP Battery Second-Life Application Project Is Here] Recently, the Shanggao County People's Government in Yichun City, Jiangxi Province, released the first public notice for the environmental impact assessment of the "Jiangxi Tengrui Recycling Technology Co., Ltd. Second-Life Application of Scrap LFP Battery Project," marking an important step in promoting the green circular economy in the region. The total investment in the project reaches 50 million yuan, with the site located in the Wuliling Industrial Park, Shanggao County, aiming to achieve second-life application for 5,000 mt of scrap LFP batteries annually.     [Shaanxi's 40kt Second-Life Application Project Lands] Recently, the Baoji Municipal People's Government in Shaanxi Province officially approved the environmental impact report submitted by Shaanxi Zhihe Chuangshen Environmental Protection Co., Ltd. regarding the power battery recycling, disassembly, and second-life application project. It is reported that the total investment in the project amounts to as high as 110 million yuan, and it is located in the Fengming Industrial Park Science and Technology Innovation Industrial Park in Qishan County, Baoji City. The planned construction content of the project includes two advanced power battery recycling production lines (covering processes such as crushing, drying, screening, and grinding), one professional power battery dismantling production line, and one battery second-life application production line. Upon completion, the project is expected to have the capacity to recycle and dismantle 20,000 mt of power batteries annually and achieve a second-life application capacity of 20,000 mt per year for power batteries.     [Zhejiang Qingyuan 15,000 mt Lithium Battery Recycling Project Nears Operation] A relevant website significantly released the completion environmental protection acceptance monitoring report (preliminary acceptance) for Zhejiang Heyi Renewable Resources Utilization Co., Ltd.'s "Annual Dismantling of 20,000 units of Retired Vehicles and 15,000 mt Power Battery Dismantling Processing Center Project." The project is located in the Qingyuan Industrial Park, with a total investment as high as 1.005 billion yuan, and possesses strong comprehensive processing capabilities—it can comprehensively utilize 15,000 mt of NEV power batteries annually, meticulously dismantle 20,000 units of retired vehicles, and process 70,000 mt of scrap steel.   [Fujian Scrap Lithium Battery Second-Life Application and Recycling Project Implemented] Recently, the Ecological Environment Bureau of Quanzhou City, Fujian Province officially released the environmental impact statement publicity for the "Scrap Lithium Battery Second-Life Application and Recycling Project of Quanzhou Green Power Technology Co., Ltd." The project is located at Yifeng West Road, Quangang District, Quanzhou City, Fujian Province, with a total investment as high as 20 million yuan, focusing on the dismantling, second-life application, and crushing recycling of scrap lithium batteries.   [Anhui Bengbu 10,000 mt-Level Scrap Lithium Battery Comprehensive Utilization Project Implemented] Recently, the Management Committee of the Bengbu Economic Development Zone in Anhui Province released the full-text publicity of the environmental impact statement for the "Scrap Lithium Battery Comprehensive Utilization Project of Anhui Chengrui Energy Technology Co., Ltd." The company plans to invest 100 million yuan to construct a scrap lithium battery project with an annual processing capacity of 10,000 mt in three phases. The first phase focuses on the second-life application of power batteries, with a processing scale of up to 7,000 mt/year; the second phase shifts to the dismantling and utilization of scrap batteries, with a scale of 3,000 mt/year.     [For more content, subscribe to SMM Nickel Research Group products "China Nickel-Chrome-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chrome-Stainless Steel Industry Chain High-End Report" to obtain the latest data analysis and market insights on nickel ore, NPI (China + Indonesia), refined nickel, nickel sulphate, chrome ore, ferrochrome, and stainless steel (China + Indonesia)! To order or request a trial subscription, please call 021-51666863. Contact: Jian Fu

[Annual 40kt Power Battery Recycling Project Announced] A key power battery recycling project in Luoyuan County, Fuzhou City, Fujian Province, capable of processing 40kt of scrap batteries annually, focuses on recycling scrap ternary batteries and producing high-value-added materials. It is currently in the environmental impact assessment public notification stage. The project, constructed by Fujian Desheng New Building Materials Co., Ltd. within the existing plant area of the Jingang Industrial Zone, Luoyuan Bay Development Zone, Luoyuan County, Fuzhou City, involves building a new comprehensive utilization production line for scrap ternary battery (lithium battery) recycling using existing workshops and land plots, covering a land area of 60.95 mu and a total floor area of 52,587.6 square meters.   [Anhui Billion-Yuan Battery Recycling Project Launched] Recently, the official website of the Bengbu Municipal Ecology and Environment Bureau published the acceptance notice for the environmental impact assessment report of the Scrap Lithium Battery Comprehensive Utilization Project by Anhui Chengrui Energy Technology Co., Ltd. The project is located within the Lin'gang Industrial Park industrial cluster in the Bengbu Economic Development Zone, Anhui. The total project investment is 100 million yuan, and the proposed project will be constructed in three phases: Phase I investment is 12 million yuan; Phase II investment is 20 million yuan; Phase III investment is 68 million yuan; the environmental protection investment is 8.61 million yuan, accounting for 8.61% of the project investment. Phase I involves second-life application of power batteries, with a designed annual capacity of 7kt of second-life batteries; Phase II involves the disassembly and utilization of scrap batteries, with a processing scale of 3kt per year of non-reusable scrap lithium battery monomers; Phase III involves the construction of a smart factory. It will construct lithium battery disassembly workshops, production and processing workshops, raw material and finished product warehouses, etc., primarily engaged in the second-life application, processing, disassembly, and reuse of lithium batteries. Upon completion, the project will process 10kt of lithium batteries annually (including 7kt for second-life application).   [New Battery Recycling Enterprise Enters the Market] To align with the global carbon reduction trend, respond to battery product carbon footprint management requirements, and comply with domestic and overseas regulations on battery sustainability, Beijing Easpring Material Technology Co., Ltd. is actively developing its presence in the battery recycling sector to further build a secure and stable supply chain system and fulfill its corporate responsibility for green development. The company, along with Beijing BGRIMM Resources & Environmental Technology Co., Ltd., the Pizhou Circular Economy Industrial Park Development and Construction Co., Ltd., and Chengtong Science and Technology Innovation Investment Fund (Beijing) Partnership (Limited Partnership) (referred to as "Chengtong Science and Technology Innovation Investment Fund"), signed an Investment Cooperation Agreement on October 16, 2025. They plan to jointly establish a joint venture company, BGRIMM Resources & Environmental Technology (Jiangsu) Co., Ltd. (the specific name is subject to the approval information from the registration authority), in Pizhou City, Jiangsu Province, which will be responsible for the green recycling of scrap lithium-ion power batteries and related businesses.     [Latest Progress on Hunan Zijin's 60kt Lithium Carbonate Project] It is understood that the Hunan Zijin Lithium Multi-metal New Materials Co., Ltd. annual 60kt lithium carbonate project has a total investment of 5.856 billion yuan. Not long ago, the company's 3Q Salt Lake project with an annual output of 20,000 mt of lithium carbonate officially commenced production, marking the beginning of the volume expansion phase for Zijin's lithium sector.   [100kt LFP Material Bulk Order Secured] Shandong Fengyuan Chemical announced on the evening of October 20 that its wholly-owned subsidiary, Shandong Fengyuan Lithium Energy Technology Co., Ltd. (hereinafter referred to as "Fengyuan Lithium Energy"), recently entered into an LFP Cooperation Framework Agreement with Cornex New Energy Co., Ltd., Xiaogan Cornex New Energy Innovation Technology Co., Ltd., and Yichang Cornex New Energy Innovation Technology Co., Ltd. (collectively referred to as "CORNEX New Energy"). The agreement stipulates that Fengyuan Lithium Energy will supply 100,000 mt of LFP cathode material products to CORNEX New Energy over the next three years, effective from September 20, 2025, to December 31, 2028. Both parties may negotiate an extension before the agreement expires based on the cooperation progress.   [New Progress on 100kt Lithium Battery Second-Life Application Project in Anhui] Recently, the Management Committee of Bengbu High-tech Industrial Development Zone published the full text of the "Environmental Impact Analysis Statement for Non-Major Changes of the Second-Life Application Project for New Energy Vehicle Power Batteries by Anhui Jinxiangzi New Energy Technology Co., Ltd." for public review. The project has a total investment of 300 million yuan, including 3.2 million yuan allocated for environmental protection, accounting for 1.07% of the total investment. The project involves the annual collection and second-life application of 100,000 mt of lithium batteries, and will be constructed in two phases: Phase I with an annual recycling capacity of 40,000 mt, and Phase II with an annual recycling capacity of 60,000 mt of power batteries from new energy vehicles. The breakdown includes LCO lithium-ion batteries (monomer) 3,000 t/a, ternary lithium-ion batteries 6,500 t/a, LFP batteries 4,000 t/a, LMO lithium-ion batteries 1,500 t/a, positive pole pieces 30,000 t/a (10,000 t/a in Phase I), and negative pole pieces 55,000 t/a (15,000 t/a in Phase I).   [200kt Lithium Resources Comprehensive Utilization Project Launched in Sichuan] Recently, the Ya'an Hanyuan Ecological Environment Bureau publicized the "Environmental Impact Report (Draft for Comments) for the Comprehensive Recovery and Utilization Project of Lithium-Containing Solid Waste Slag by Sichuan Jinhong Resource Recycling Co., Ltd." The project plans to establish a comprehensive recovery and utilization production line for 200,000 t/a of solid waste slag, with a total construction area of 20,968 m².   [Phase II of 30kt Battery-Grade Lithium Carbonate Project Announced] The second-phase project of Anhui Xinyijiyuan Technology, with a planned investment of 500 million yuan, will establish a 100,000 mt lithium-containing material resource recycling system. This serves as an intermediate step of the larger 3 billion yuan "30,000 mt per year battery-grade lithium carbonate" project. Upon reaching full production, it is expected to help the enterprise achieve an annual output value exceeding 8 billion yuan.   [40,000 mt Power Battery Recycling, Dismantling, and Second-Life Application Project Launched] Recently, the environmental impact report for the power battery recycling, dismantling, and second-life application project of Shaanxi Zhihe Chuangshun Environmental Protection Co., Ltd. was approved. The project utilizes existing standardized factory buildings, raw material warehouses, finished product warehouses, office complexes, and environmental protection treatment stations, among other facilities, to construct two power battery recycling production lines (crushing, drying, screening, grinding), one power battery disassembly production line, and one battery second-life application production line, along with corresponding environmental protection works. Upon completion, the project will achieve an annual capacity of recycling and disassembling 20,000 mt of power batteries and an annual second-life application capacity of 20,000 mt of power batteries. The total investment in this project is 110 million yuan, including 870,000 yuan for environmental protection, accounting for 0.79% of the total investment.   [40kt Lithium Battery Recycling Project Accelerates Construction] Located in the Tumen Park of the Gulang Industrial Concentration Zone, the Gansu Chenyue Yuchen New Energy Technology Co., Ltd. annual 40kt scrap lithium battery comprehensive utilization and zero-carbon resource recycling industrial park project covers an area of 57,000 m². It integrates lithium battery second-life application, material regeneration, and energy storage system integration. Upon completion, it is expected to annually process 40,000 mt of end-of-life batteries, with an estimated annual output value of 1 billion yuan.     [50kt End-of-Life Power Battery Second-Life Application Project Launched] Recently, the relevant website officially released the "First Public Notice on the Environmental Impact Assessment for the End-of-Life Power Battery Second-Life Application and Resource Recycling Project of Zhongke Luyuan (Hebei) Recycling Technology Co., Ltd." This project will be constructed in two phases, with only the first phase being built currently. The project occupies 192.49 mu, with a total floor area of approximately 76,408.32 m². The first phase covers a floor area of 26,103.32 m², primarily including an R&D center (approx. 2,346.6 m²), an office building (approx. 2,995.49 m²), employee dormitories, a canteen, and other auxiliary facilities (approx. 4,694.65 m²), a warehouse (approx. 3,471.79 m²), and a production workshop (12,594.79 m²). The first phase plans to procure five end-of-life power battery disassembly and second-life production lines, achieving a production capacity of 50,000 mt/year.   [Shaanxi 40kt Power Battery Recycling Project Launched] On October 11, the environmental impact statement for the power battery recycling, disassembly, and second-life application project of Shaanxi Zhihe Chuangshun Environmental Protection Co., Ltd. was approved. Upon completion, the project will achieve an annual capacity of recycling and disassembling 20,000 mt of power batteries and an annual second-life application capacity of 20,000 mt of power batteries. The total investment in this project is 110 million yuan, including 870,000 yuan for environmental protection, accounting for 0.79% of the total investment.   [50kt Lithium Battery Recycling Project Signed and Launched] On October 11, the Dongbao Industrial Park signed an agreement with Jiangsu Huasheng Lianying New Energy Material Co., Ltd. and Hubei Senterior New Energy Technology Co., Ltd. for an annual 50,000 mt lithium battery recycling anode material project, with a planned total investment of 1.06 billion yuan. It is reported that the project is invested by a publicly listed firm specializing in lithium battery additive materials and plans to build intelligent production lines integrating scrap lithium battery recycling, anode material regeneration, and high-purity graphite production. Upon full project completion, annual sales revenue is expected to reach 1.5 billion yuan.   [30kt Lithium Battery Recycling Project in Jiangsu] Recently, the Nantong Municipal Data Bureau officially issued the approval for the environmental impact assessment report of the vehicle recycling and dismantling and lithium battery recycling project by Jiangsu Aosem Technology Co., Ltd. The project is located at No. 6 Weiwu Road, Dongling Industrial Concentration Area, Dayu Town, Rudong County, Nantong City. The total project investment is 500 million yuan, including 4.692 million yuan in environmental protection investment, accounting for 0.9384% of the total investment. After completion, the project is expected to achieve an annual production scale of recycling and dismantling 20,000 vehicles, 10,000 mt of retired ternary lithium batteries, and 20,000 mt of retired LFP batteries.   [500kt Lithium Battery Recycling Project Lands in Guangzhou] The Guangzhou Municipal Planning and Natural Resources Bureau officially released relevant announcements for the "500 kt/year Lithium Battery Recycling Low-Carbon Plant (Phase I: 103 kt/year) and High-End Lithium Battery Material R&D Center Project" by Guangdong Yu Hang New Energy Co., Ltd. The project is located in Huangge Town, Nansha District, Guangzhou. It is reported that the project has a grand plan and will construct multiple high-efficiency production lines, including an annual 15,000 mt LFP positive pole piece raw material pretreatment line, an 80,000 mt LFP powder to battery-grade lithium carbonate production line, and an 8,000 mt crude lithium carbonate to high-purity lithium carbonate refining production line.   [Battery Project Officially Commences Operation] Recently, according to local media reports, the battery cell factory and battery pack factory of the CATL Luoyang Base Phase II project officially commenced operation on September 30. As one of CATL's 13 major global production sites, the CATL Luoyang Base is constructed in four phases according to the "Lighthouse Factory + Zero-Carbon Factory" standard. Since the Phase I project commenced operation in November 2024, its cumulative output value has exceeded 10 billion yuan. The Phase II project plans to include 3 battery cell production lines and 10 PACK production lines. Upon reaching full production, it is expected to increase annual capacity by 30 GWh.     [Subscribe to SMM Nickel Research Group products "China Nickel-Chromium-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chromium-Stainless Steel Industry Chain Premium Report" for the latest data analysis and market insights on nickel ore, NPI (China + Indonesia), refined nickel, nickel sulphate, chrome ore, ferrochrome, and stainless steel (China + Indonesia)! For ordering or trial, please call 021-51666863, Contact: Fu Jian]

SMM October 23: SHFE lead prices surged strongly today, with intraday gains exceeding 600 yuan/mt, soaring to a high of 17,760 yuan/mt, the highest level in nearly seven months. As of the close at 15:00 on October 23, the SHFE lead 2511 contract settled at 17,615 yuan/mt, up 2.68%. Meanwhile, the SHFE lead market displayed a backwardation structure again after nearly nine months, with the spot-futures price spread between the 2511 and 2512 contracts reaching 140 yuan/mt (referencing the spread at the 11:30 morning close). The previous backwardation occurred in January 2025, with a spread of only 10-50 yuan/mt. The sharp rise in lead prices was primarily driven by strong fundamental support. Firstly, lead consumption exceeded expectations. Due to the National Day & Mid-Autumn Festival holidays in October, lead-acid battery enterprises had holidays ranging from 0 to 8 days, with some even taking half a month. Meanwhile, downstream enterprises generally conducted routine stockpiling in September, pulling forward lead consumption, leading to expectations of weaker post-holiday consumption. However, after the National Day holiday, lead-acid battery enterprises resumed production as scheduled. Some enterprises, considering the traditional September-October peak season and Q4 consumption expectations, built inventories, leading to an increase in operating rates compared to pre-holiday levels. As of October 16, the weekly comprehensive operating rate for lead-acid battery enterprises in five provinces tracked by SMM was 74.97%, up 13.26 percentage points WoW and up 3.35 percentage points from pre-holiday levels (September 25). Secondly, the pace of production resumptions at primary and secondary lead smelters has been slow, and vehicle transportation is restricted in some regions. Currently, primary lead smelters in north China, central China, northwest China, and other regions are undergoing maintenance or have not fully resumed production after maintenance due to undersupply of lead concentrates. Simultaneously, the production resumption pace for secondary lead smelters in regions like Anhui has been slower than expected, constrained by limited scrap battery supply and secondary lead profits hovering near the break-even line. Some enterprises have delayed their restart times from late November to the end of November. As of October 16, the weekly comprehensive operating rate for secondary lead enterprises in four provinces tracked by SMM was 35.1%, up 1.1 percentage points WoW. Furthermore, starting October 15, some provinces and cities in north China began winter heating. This week, producers in regions like Hebei and Henan successively received notifications from higher-level environmental protection departments regarding controls on incoming vehicles, specifically prohibiting China V and below standard vehicles from entering plants. This has affected the transportation of materials like scrap and lead ingots for local primary lead smelters, secondary lead smelters, and lead-acid battery enterprises to varying degrees, lengthening transportation cycles. Finally, lead ingot inventory recorded a significant decline, with social inventory dropping to a new low in over a year. As of October 23, the total SMM lead ingot social inventory across five regions fell to 31,900 mt, down 5,700 mt WoW (October 16), reaching the lowest level since September 5, 2024. Recently, the operating rate of lead-acid battery enterprises stabilized with an increase, downstream enterprises actively made purchases, and smelter plant inventory in regions such as Henan and Hunan declined. Last week, SMM primary lead smelter plant lead ingot inventory was already below 3,000 mt. For instance, queuing for lead ingot cargo pick-up in Henan persisted from last week into this week, prompting some downstream enterprises to continue depleting lead ingot stocks in surrounding social warehouses, leading to a further decrease in social inventory. Additionally, it is important to note that domestic lead prices currently show stronger performance than overseas markets, and the import window for lead ingots is gradually opening, with expectations of increased lead ingot imports in the future. As of the SHFE lead closing on October 23, the profitability of lead ingot imports stood at 379 yuan/mt, with an intraday high reaching 573 yuan/mt (including a 3% import tariff). If lead ingots are sourced from countries with zero-tariff agreements, this profit margin would be larger. According to the latest LME inventory data, today (October 23) the total LME lead inventory was 239,700 mt, indicating favorable import conditions. In the short term, low lead ingot inventory will support prices to fluctuate at highs. If subsequent increases in lead ingot supply or imports materialize, lead prices face the risk of a retreat after a rapid rise.

Shanghai (Gasgoo)- The IAA MOBILITY 2025 opened on September 8 at the Messe München exhibition center in Munich, where XPENG made one of its most ambitious appearances to date. The company unveiled five models—including the all-new P7, the 2025 G6 and G9 models, the X9 MPV, and the P7+—alongside a range of forward-looking technologies such as humanoid robots, flying car, and its SEPA modular platform. At 9:20 a.m. local time, XPENG hosted a press conference, setting the stage for a wide-ranging update on its international ambitions. The automaker announced the upcoming launch of its first European R&D center, marking its ninth globally and strengthening synergies with existing hubs in Silicon Valley and San Diego. Guided by the principle "In Europe, With Europe," the new facility will focus on tailoring innovations to local consumer needs and accelerating technology integration in the region. XPENG's overseas journey began in Norway in 2021 and has since expanded to 46 countries and regions. The company has quickly built momentum, ranking among the world's top six pure EV brands by sales in the first half of 2025. From January to July, its overseas deliveries surged 174% year on year to 21,701 units. The P7+, billed as the world's first AI-powered car, is also set to debut in Europe, showcasing XPENG's latest advances in smart mobility. XPENG also highlighted progress in its partnership with Volkswagen, which is co-developing an electronic and electrical architecture with the Chinese automaker. The system will not only underpin Volkswagen's EV platforms in China but will also be applied to its ICE vehicle and PHEV models in the market. Global localization is another priority. In July, XPENG delivered its first locally produced X9 in Indonesia, marking the rollout of its overseas manufacturing strategy. The company said it will further expand production with European supply chain partners to speed up the delivery of Chinese smart EVs to global consumers. The star of XPENG's stand was the all-new P7, which drew crowds with its futuristic proportions and minimalist "less is more" styling. Its clean body lines blend seamlessly with sculpted surfaces and slim lighting signatures, while seven new exterior colors and a premium BASF paint finish enhance its visual presence. Beyond design, the sedan comes equipped with three Turing AI chips delivering 2,250 TOPS of computing power—enough to run advanced multimodal AI models directly on the car, enabling more intuitive and natural interaction between driver and machine. While the all-new P7 took center stage, XPENG also drew attention with a broader showcase of its AI ecosystem, including the IRON humanoid robot, its next-generation flying car, and its "Land Aircraft Carrier" Modular Flying Car prototype. Chairman He Xiaopeng used the occasion to highlight the company's vision of AI not just in cars, but across a wider mobility and robotics portfolio. XPENG has spent five years developing humanoid robots, completing six generations of prototypes with expanding capabilities. The IRON robot is already undergoing factory training, and a more advanced version is set to be launched in the fourth quarter of this year, with mass production targeted for 2026. The robots are envisioned for use in manufacturing, retail, and customer service settings. At the IAA MOBILITY 2025, IRON captivated audiences by performing a coffee-making demonstration, underscoring XPENG's belief that AI can evolve from a mobility tool to a true companion for people. In low-altitude mobility, XPENG's aviation arm XPENG AEROHT has invested around $600 million over 12 years, iterating through seven generations of prototypes. Its flagship "Land Aircraft Carrier" Modular Flying Car is scheduled for a world maiden flight in Dubai this October. With nearly 5,000 units of pre-orders already secured in China, the vehicle is slated for delivery in the second half of 2026. The company also plans to work with international partners to expand urban air mobility applications and advance integrated "air-and-ground" transport solutions. XPENG is also advancing AI in production and driving. Its proprietary AI system has already enabled autonomous operations from assembly line to shipping yard, demonstrating real-world industrial applications. Looking ahead, the company aims to launch an L4-capable production vehicle by 2026 and begin Robotaxi pilots in China. Its Turing AI driving system is being adapted for global markets, with the goal of delivering locally optimized smart driving to customers worldwide by the fourth quarter of 2026.

Luca Mining Corp. announced the latest drilling results from its polymetallic mine project at Campo Morado in Guerrero, Mexico. The drilling primarily consisted of 6 surface drill holes and 5 underground drill holes deployed at the Reforma deposit. Based on the drilling results from the Reforma deposit and adjacent underground operations, Luca has begun expanding the gold potential of the Campo Morado project. Key intersections include: Surface drill hole CMRF25-07 intersected 37.2 meters grading 13.85 g/t gold equivalent (Au 5.87 g/t, Ag 367.5 g/t, Cu 0.53%, Zn 5.54%, Pb 2.57%) at a depth of 211.2 meters, including 6.2 meters grading 43.77 g/t gold equivalent (Au 20.81 g/t, Ag 1,484.20 g/t, Cu 0.82%, Zn 5.98%, Pb 4.58%). Hole CMRF25-06 intersected 39 meters grading 10.05 g/t gold equivalent (Au 4.09 g/t, Ag 304.9 g/t, Cu 0.96%, Zn 1.27%, Pb 1.74%) at 191.6 meters, including 9.9 meters grading 28.32 g/t gold equivalent (Au 11.61 g/t, Ag 783.9 g/t, Cu 3.51%, Zn 4.56%, Pb 2.91%) at 218.6 meters. CMRF25-03 intersected 5.0 meters grading 9.13 g/t gold equivalent (Au 3.56 g/t, Ag 196.28 g/t, Cu 0.70%, Zn 4.43%, Pb 2.24%) at 285.5 meters. Hole CMRF25-02 intersected 7.45 meters grading 12.59% gold equivalent (Au 6.91 g/t, Ag 228.06 g/t, Cu 0.37%, Zn 2.29%, Pb 4.75%), including 3.9 meters grading 19.78 g/t gold equivalent (Au 11.23 g/t, Ag 342.8 g/t, Cu 0.36%, Zn 3.95%, Pb 7.55%) at 273.8 meters. These surface drill holes aimed to confirm the scale, continuity, and grade of the Reforma deposit. Results show that the intersected grades are comparable to or higher than previously reported results. Underground drilling confirmed the grades and extensions in untested areas around the Southwest, Largo, and Bajo zones. Among them, underground drill hole CMUG-25-022 intersected 5.5 meters grading 15.2 g/t gold equivalent (Au 3.20 g/t, Ag 252.6 g/t, Cu 2.19%, Zn 12.79%, Pb 5.10%) in an unmined area within 20 meters of current underground operations. The Campo Morado project hosts several polymetallic massive sulphide deposits containing gold, silver, copper, zinc, and lead, forming part of the Sierra Madre del Sur mineral belt. This drilling campaign represents the first large-scale exploration since the mine commenced production in 2014.

This week's recycling developments are as follows:      [900,000 mt/year Phosphate Ore Project Enters Trial Production] Tianyuan Co., Ltd. announced that its subsidiary, Mabian Wuqiong Mining Co., Ltd., recently passed the safety facility completion acceptance by an expert panel for its "900,000 mt/year Dingjia Phosphate Ore (Phase II) Mining Project" (referred to as the "Phosphate Ore Project"), which is currently undergoing trial production. Looking back to 2022, Tianyuan Co., Ltd. announced that it would invest in and construct the 900,000 mt/year Dingjia Phosphate Ore (Phase II) Mining Project through Mabian Wuqiong Mining Co., Ltd. to provide resource support for the integrated LFP cathode material project. The total investment for the project was 179 million yuan, with a construction period of 30 months. According to profitability estimates, the project is expected to generate an annual net profit of 30.6095 million yuan.     [200,000 mt New-Type LFP Project Is Expected to Commence Production] Currently, the Pengbo New Materials annual 100,000 mt high-performance LFP cathode material project, located in the Quandong New Materials Industrial Park in the High-Tech Zone, is progressing in an orderly manner. The Pengbo New Materials Shanxi Yangquan new-type LFP project commenced construction on April 7, 2025. The project is planned with an annual capacity of 200,000 mt and is scheduled to begin trial production in mid-September 2025, with stable batch deliveries starting in October. The project covers an area of over 70 mu, with an investment of 1.85 billion yuan, and plans to construct 8 modern production lines. Upon completion, the project is expected to achieve an annual output value of 3 billion yuan, create over 300 jobs, and contribute to the city's goal of building a 10-billion-yuan new energy battery specialty town.   [250,000 mt LFP Cathode Material Project Is Expected to Commence Production] Information on the progress of Ningxia Baofeng Energy Group's first-phase 250,000 mt LFP cathode material project, scheduled for production in September 2025, has been announced. According to official disclosures, the first-phase capacity of 250,000 mt is planned to officially commence production in September 2025. The project, launched in 2023, is one of the core layouts of the Baofeng Group to extend its new energy materials industry chain. In terms of scale and investment, the total planned capacity is 1 million mt/year of LFP cathode material, to be constructed in three phases. The first phase involves an investment of approximately 15 billion yuan to build a capacity of 250,000 mt.   [Qidong City Waste Lithium Battery Comprehensive Utilization Project Arrives] Recently, the Qidong Municipal People's Government website in Jiangsu Province officially released the "Proposed Approval Public Notice for the Resource Comprehensive Utilization Expansion Project of Nantong Qingjing Renewable Resources Co., Ltd." According to the environmental impact assessment details, the core highlights of this expansion include two major components: first, the upgrade and transformation of the existing waste flux regeneration line, planning to increase the annual processing capacity from the current 180,000 mt to 210,000 mt; second, the addition of lithium battery scrap resource treatment capacity, specifically the ability to process 8,034 mt of ternary lithium battery scrap and 70,000 mt of LFP battery scrap annually.   [Hegang Scrap Lithium Battery Comprehensive Utilization Project Is Here] Recently, Heilongjiang News Network publicly released the full environmental impact report and public participation statement for the scrap lithium battery recycling project of Heilongjiang Chanlian Metal Manufacturing Co., Ltd., marking the project's official entry into the public view and its imminent launch of a green transformation journey. The project is planned to be implemented in two phases. The first phase will involve the construction of an advanced scrap lithium battery processing production line, adopting refined processes such as "inspection and warehousing, disassembly, drying, crushing and sorting, packaging," with an expected annual processing capacity of 6,000 mt, including 5,000 mt of scrap ternary lithium batteries and 1,000 mt of scrap LFP batteries. The second phase will further expand the scale by adding five production lines focused on the "crushing and sorting-packaging" stage, including three lines for scrap positive pole pieces (from scrap ternary lithium batteries) and two lines for scrap negative pole pieces, each with an annual processing capacity of 6,000 mt.   [Lianjiang County's 20,000 mt Scrap Lithium Battery Resource Recycling Project Is Here] Recently, the Lianjiang County People's Government website in Fujian province released a highly anticipated pre-approval announcement for the scrap lithium battery resource recycling project of Fujian Qianyu Materials Technology Co., Ltd. The project construction will proceed orderly in two phases. The first phase focuses on building a mechanical and physical crushing and sorting workshop for scrap lithium batteries, with a designed annual processing capacity of 20,000 mt of scrap lithium batteries and pole piece scrap. The second phase will concentrate on establishing a wet-process production line workshop for battery materials. Upon full completion, the project is expected to process 20,000 mt of scrap lithium batteries and pole piece scrap annually.   [150,000 Sets of Retired Vehicle Power Battery Pack Comprehensive Utilization Project Is Here] Recently, relevant websites released the first public participation notice for the environmental impact assessment of the "Green Dismantling, Energy Saving, Emission Reduction, and Recycling Reuse of Vehicle Power Battery Packs Project" by Shandong Yuandong Future Low-Carbon Technology Co., Ltd. Located in the Jindong Industrial Park, Jinxiang County, Jining City, Shandong province, the project has a grand planned capacity, expected to green dismantle and recycle 50,000 sets of retired vehicle power battery packs annually and produce 100,000 sets of second-life application products.   [400,000 mt Scrap Power Battery Second-Life Application Project Lands] Recently, the Lu'an Municipal Ecological Environment Bureau in Anhui province officially released the acceptance announcement for the environmental impact report of the "Battery Second-Life Decomposition and Reuse Center Project" by Anhui Jingyuan Environmental Engineering Co., Ltd. Upon completion, the project is expected to efficiently process up to 400,000 mt of scrap power batteries annually.   [15,000 mt/year New Energy Power Battery Second-Life Application Project Launched] Recently, a remarkable piece of news came from the Jiangsu Provincial Online Investment Project Approval and Supervision Platform: the filing of "Jiangsu Boer Boke New Energy Technology Co., Ltd.'s 20,000 units/year End-of-Life Vehicle Dismantling and 15,000 mt/year New Energy Power Battery Second-Life Application Project" was successfully approved. The project will be implemented in phases. The first phase, with a planned investment of 370 million yuan, includes the 20,000 units/year end-of-life vehicle dismantling and 15,000 mt/year new energy power battery second-life application project. It will also involve the construction of a new 2 GW/year energy storage system manufacturing project and a 2 million units/year waste home appliance dismantling and recycling project. The second phase will further increase investment, amounting to 650 million yuan, for the construction of a 1 million mt/year solid waste disposal project.   [2,000 mt Retired Power Battery Second-Life Application Project to Begin Production Soon] Recently, Hunan Xian'en New Energy Technology Co., Ltd. (hereinafter referred to as "Xian'en New Energy") completed the acceptance of environmental protection facilities for its power battery second-life application and ESS battery pack project, officially entering the self-publication stage. With a total investment of 50 million yuan, the project involves the annual second-life application of 2,000 mt of retired power batteries, covering various battery types such as LFP, ternary cathode material, and LMO. Its annual capacity reaches 10,000 units of ESS power cabinets. [For more content, subscribe to SMM Nickel Research Group products "China Nickel-Chrome-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chrome-Stainless Steel Industry Chain High-End Report" to obtain the latest data analysis and market insights on nickel ore, NPI (China + Indonesia), refined nickel, nickel sulphate, chrome ore, ferrochrome, and stainless steel (China + Indonesia)! For subscription or trial, please call 021-51666863, Contact: Fu Jian]

This week's recycling event developments were as follows:      [25,000 mt Battery-Grade Lithium Carbonate Project Under Construction] The Zijin Lithium Yuan crude lithium carbonate purification project has a construction scale of an annual production of 25,000 mt of battery-grade lithium carbonate. Upon full production, the project is expected to achieve annual operating revenue of 1.9 billion yuan. Construction work is progressing in an orderly manner, with commissioning and completion of debugging expected before the end of this year.   [40,000 mt LFP Cathode Material Project Under Planning] The project entity, Yaan XTC New Energy Materials Co., Ltd., is a core enterprise in the new energy sector of Xiamen Tungsten Co., Ltd. (XTC). The total investment of the project is approximately 3 billion yuan, with a planned annual capacity of 40,000 mt of LFP cathode material. Regarding construction and commissioning time, the project is scheduled to be completed and put into production in 2026.   [860,000 mt Fine Phosphorus-Based New Materials Project Announced] The project construction site is located in Shuyang, Yichang Baiyang Industrial Park, and the project is divided into three phases. Phase I includes mineral processing, sulphuric acid, phosphoric acid, industrial-grade MAP, powdered MAP, monopotassium phosphate, phosphogypsum, and supporting facilities; Phase II includes food-grade phosphoric acid and supporting facilities; Phase III includes iron phosphate and supporting facilities.   [50,000 mt Iron Phosphate Project (Modification) Planning Scheme Announced] Project name: Shandong Taihe Technology Co., Ltd. Annual 50,000 mt Iron Phosphate Project (Modification) Planning Scheme Adjustment and No. 11 Iron Phosphate Production Unit Construction Project Planning Permit Pre-Approval Announcement. Announcement period: June 27, 2025 to July 3, 2025. Production facility modification and new additions: Cancel the original No. 9 Raw Material Tank Farm D (1,160 m²) and No. 10 Liquid Caustic Soda Tank Farm (453.59 m²), and change to No. 11 Iron Phosphate Production Unit 12. The canceled part of the tank farm is transferred to the "Raw Material Tank Farm Modification Project," with the land area remaining unchanged.     [2 Scrap Lithium Battery Comprehensive Recycling and Reuse Production Lines Under Construction] Recently, the official website of the Yingcheng Municipal People's Government in Xiaogan City, Hubei Province, released the first information announcement for the environmental impact assessment of the "Hubei Laistone Recycling Technology Co., Ltd. Scrap Lithium Battery Comprehensive Recycling and Utilization Project." The project is located in the Hubei Yingcheng Economic Development Zone, Yingcheng City, Xiaogan City, Hubei Province, with a diverse and rich construction plan, including crushing and sorting workshops, leaching workshops, extraction workshops, and evaporation crystallization workshops.   [10,000 mt-Level Power Battery Second-Life Application Project Arrives] Recently, relevant websites released the first public participation announcement for the environmental impact assessment of the "Hunan Dongting Second-Life Energy Technology Co., Ltd. Power Battery Second-Life Application Project."The total investment in this project reached 30 million yuan, located in the Qionghu Street High-Tech Industrial Development Zone, Yuanjiang City, Yiyang City, Hunan Province. The project construction includes a diverse range of facilities, covering production workshops, battery pack warehouses, second-life battery cell warehouses, second-life finished product warehouses, and auxiliary buildings such as offices. Its designed capacity is quite considerable, with an annual processing capacity of 10,000 mt of retired power batteries. After processing, it can produce approximately 7,723.31 mt/year of second-life ESS products, among which the total weight of second-life battery cells is 6,012 mt, equivalent to about 406,490 second-life products.   [300,000 mt Waste Power Battery Project Commences] Recently, the highly anticipated Baisekai Power Battery High-Value Utilization Zero-Carbon Factory project officially commenced construction in the park. The total investment in this project is as high as 3.2 billion yuan, with a planned land area of 380 mu. It boasts strong processing capabilities, with an annual capacity to process 300,000 mt of waste power batteries, and can produce 20,000 mt of battery-grade lithium carbonate, 100,000 mt of recycled battery-grade iron phosphate, and various other new energy materials.   [Annual 300,000 mt LFP Project Announced] The Liuzhi Special Zone annual 300,000 mt LFP project is invested in and constructed by Guizhou Xinren New Energy Technology Co., Ltd., with a total investment of 6 billion yuan. It is planned to be constructed in three phases to achieve an annual production of 300,000 mt of new-type LFP materials for power and ESS. This project is a key initiative in the local area, focusing on the main strategy of "Four New" and "Four Modernizations" to drive major breakthroughs in industry. [For more content, subscribe to SMM Nickel Research Group products "China Nickel-Chromium-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chromium-Stainless Steel Industry Chain High-End Report" to obtain the latest data analysis and market insights on nickel ore, NPI (China + Indonesia), refined nickel, nickel sulphate, chrome ore, ferrochrome, stainless steel (China + Indonesia)! For subscription or trial, please call 021-51666863, Contact: Fu Jian]

SMM Nickel Market Update on July 28: Macro News: (1) Trump announced a US-EU trade agreement: imposing 15% tariffs on EU imports, $600 billion in US-bound investments, zero tariffs from EU nations, with EU committing to purchase US military equipment and $750 billion worth of American energy products. Von der Leyen stated the 15% rate was the best achievable outcome by the European Commission. (2) The China Securities Regulatory Commission convened its mid-2025 system-wide Party Building and Work Conference, emphasizing efforts to consolidate the market's stabilizing and improving trend. It called for enhanced market stabilization mechanisms, improved monitoring effectiveness and forward-looking risk response, alongside strengthened expectation guidance. Spot Market: Today's SMM #1 refined nickel prices ranged 121,900-124,500 yuan/mt, averaging 123,200 yuan/mt, down 1,450 yuan/mt from the previous session. Jinchuan #1 refined nickel spot premiums quoted 2,000-2,300 yuan/mt, averaging 2,000 yuan/mt, up 150 yuan/mt day-on-day. Domestic mainstream electrodeposited nickel spot premiums/discounts fluctuated between -100 and 300 yuan/mt. Futures Market: The most-traded SHFE nickel 2509 contract pulled back sharply during the night session, closing 1.6% lower. The daytime session continued the weak trend, with prices at 121,600 yuan/mt by midday, down 1.51%. " Anti-rat race" policy-driven short-term sentiment boost for industrial products gradually faded. Exchange-imposed trading limits on sharply rallied commodities triggered speculative fund exits, dragging nickel prices down overnight. With mixed macro signals, nickel prices decoupled from fundamentals into sentiment-driven territory. Market focus shifts to US-China tariff talks and US Fed rate decisions. Nickel prices are expected to maintain a fluctuating trend near-term, projected at 120,000-125,000 yuan/mt.

Recently, the People's Government Office of Nanhai District, Foshan City issued the "Notice on the Supporting Measures for Promoting the Construction, Operation of Hydrogen Refueling Stations and the Operation of Hydrogen Energy Vehicles in Nanhai District, Foshan City." The document specifies that these measures apply to enterprises, institutions, or individuals that meet the application requirements for supporting the construction and operation of hydrogen refueling stations, the operation of self-owned skid-mounted hydrogen refueling facilities, the operation of hydrogen energy vehicles, and industrial hydrogen use related to hydrogen energy vehicles in Nanhai District. Subsidy standards for hydrogen refueling station construction: To qualify for subsidies, hydrogen refueling stations must complete planning and construction approval procedures, pass acceptance inspections by the Nanhai District Hydrogen Refueling Station Expert Panel, and obtain gas cylinder filling licenses and hydrogen refueling station operation permits. Additionally, during the operation commitment period, stations must cooperate with regular inspections, maintain normal operation status, ensure online operation duration of compressors, hydrogen storage containers, dispensers, and station control systems exceeds 90%, and maintain actual daily average hydrogen storage above 30% of fixed capacity. Operation support standards for hydrogen refueling: In 2025, for stations meeting the hydrogen pricing requirements of Guangdong Province's Fuel Cell Vehicle Demonstration City Cluster policy, operational subsidies will be granted at a maximum unit price of 18 yuan/kg. To accelerate diversified commercial applications and address refueling inconveniences, self-owned skid-mounted hydrogen refueling facilities with compliant safety specifications and completed approval processes will receive subsidies at a maximum unit price of 10 yuan/kg. Operation subsidy standards for hydrogen energy vehicles: Eligible vehicles under these measures will receive operational subsidies. Full text follows: Notice of the People's Government Office of Nanhai District, Foshan City on Issuing the Supporting Measures for Promoting the Construction, Operation of Hydrogen Refueling Stations and the Operation of Hydrogen Energy Vehicles in Nanhai District, Foshan City Nanfu Ban [2025] No. 4 To: Town People's Governments, Subdistrict Offices, and District-Level Departments: The "Supporting Measures for Promoting the Construction, Operation of Hydrogen Refueling Stations and the Operation of Hydrogen Energy Vehicles in Nanhai District, Foshan City" have been approved by the District People's Government and are hereby issued for implementation. For any issues encountered during implementation, please contact the Development and Reform Bureau of Nanhai District, Foshan City (Tel: 86310609). People's Government Office of Nanhai District, Foshan City July 10, 2025 Supporting Measures for Promoting the Construction, Operation of Hydrogen Refueling Stations and the Operation of Hydrogen Energy Vehicles in Nanhai District, Foshan City Chapter I General Provisions Article 1 To implement the national "dual carbon" strategy, accelerate green and low-carbon development, support regional carbon peaking and neutrality goals, further implement national and Guangdong Province's fuel cell vehicle demonstration policies, advance Foshan's hydrogen energy industry construction, promote high-quality development of the district's hydrogen energy sector, facilitate hydrogen vehicle adoption, accelerate commercialization, and encourage hydrogen station construction and operation, these supporting measures are formulated based on Nanhai District's actual conditions. Article 2: Establish a special support fund for the construction, operation of hydrogen refueling stations, and the operation of hydrogen-powered vehicles in Nanhai District (hereinafter referred to as the "Special Support Fund"). The required funds shall be included in the annual budget by the District Development and Reform Bureau and applied for from the District Finance Bureau. Chapter II: Support Targets Article 3: These measures apply to enterprises, units, or natural persons that are eligible for application and engage in the construction, operation of hydrogen refueling stations, the operation of self-use skid-mounted hydrogen refueling units, the operation of hydrogen-powered vehicles, and the industrial use of hydrogen related to hydrogen-powered vehicles in Nanhai District. Article 4: The hydrogen refueling stations referred to in these measures are specialized facilities that provide hydrogen fuel refilling services for the hydrogen storage cylinders of hydrogen-powered vehicles, including hydrogen refueling stations for commercial operation or public service purposes, combined hydrogen refueling and gasoline refueling stations, integrated hydrogen production and refueling stations, and combined hydrogen production, hydrogen refueling, and gasoline refueling stations. Article 5: The hydrogen-powered vehicles referred to in these measures are hydrogen fuel cell vehicles that use hydrogen as an energy source and are powered by fuel cells, including hydrogen fuel cell automobiles, rail transit vehicles, sightseeing vehicles, forklifts, etc. Article 6: The self-use skid-mounted hydrogen refueling units referred to in these measures are collectively known as self-operated hydrogen refueling facilities that do not have the function of movement, consisting of hydrogen production units, hydrogen storage units, pressurization units, refueling units, connecting pipelines, and safety facilities installed on one or more movable bases (platforms). Chapter III: Application Conditions Article 7: To apply for construction subsidies for hydrogen refueling stations and operation subsidies for hydrogen refueling stations and self-use skid-mounted hydrogen refueling units, the following conditions must be met simultaneously: (1) The constructed and operated hydrogen refueling stations shall comply with the relevant planning of Nanhai District, possess high-density and continuous hydrogen refueling capabilities, and pass administrative approval and review by the Nanhai District Hydrogen Refueling Station Expert Group. They shall be constructed and accepted in accordance with the relevant national standards and specifications for hydrogen refueling stations. Fixed hydrogen refueling stations shall have a daily hydrogen refueling capacity of no less than 1,000 kg. Skid-mounted hydrogen refueling stations shall have a daily hydrogen refueling capacity of no less than 500 kg and comply with relevant safety technical specifications. Self-use skid-mounted hydrogen refueling units shall comply with safety technical specifications and relevant requirements. (2) Enterprises that enjoy subsidies shall undertake to provide discounts for eligible hydrogen-powered vehicles in accordance with the price standards specified in Article 10 of these measures after the first subsidy is received. Enterprises that fail to provide hydrogen refueling discounts in accordance with the price standards shall voluntarily return the subsidy funds. According to the requirements of the "Action Plan for Accelerating the Construction of a Demonstration City Cluster for Fuel Cell Vehicles in Guangdong Province (2022-2025)", hydrogen refueling stations that receive financial subsidies and cease hydrogen refueling services within five years after the first subsidy is received shall voluntarily return the subsidy funds. (3) Hydrogen refueling stations and self-use skid-mounted hydrogen refueling units shall join the Guangdong Demonstration City Cluster for Fuel Cell Vehicle Applications and be connected to the Guangdong Demonstration City Cluster for Fuel Cell Vehicle Applications Comprehensive Supervision Platform (hereinafter referred to as the "Provincial Supervision Platform") in accordance with relevant regulations. Article 8: To apply for hydrogen energy vehicle operation subsidies, the following conditions must be met simultaneously: (1) The applicant may be a natural person, an individual industrial and commercial household, an independent legal entity enterprise, or a unit. Among them, logistics enterprises must obtain a road transport license; (2) The hydrogen energy vehicle must have undergone a reservation application at the Office of the Leading Group for the Promotion and Application of New Energy Vehicles in Nanhai District (hereinafter referred to as the District Promotion Office); (3) The hydrogen energy vehicle must join the Guangdong Province Fuel Cell Vehicle Demonstration City Cluster and be connected to the provincial supervision platform in accordance with relevant regulations. Our district will verify the vehicle's operation status through platform data. Vehicles that cannot be verified or fail to meet the requirements after verification are not eligible to apply for operation subsidies; (4) For enterprises, units, or natural persons that meet the conditions and are eligible for subsidies, the hydrogen energy vehicles they apply for must have accumulated a hydrogen-powered operation mileage of over 30,000 kilometers within three years. If the operation mileage fails to meet the above requirements within three years after receiving the subsidy, the subsidy funds shall be voluntarily returned. Chapter IV: Support Standards Article 9: Standards for Hydrogen Refueling Station Construction Subsidies (1) The construction subsidy for hydrogen refueling stations shall be implemented in accordance with the relevant policies of the higher authorities. (2) The criteria for defining the daily hydrogen refueling capacity of hydrogen refueling stations are outlined in Appendix 1. (3) The hydrogen refueling stations applying for subsidies must complete the planning and construction approval procedures, pass the acceptance inspection by the Nanhai District Hydrogen Refueling Station Expert Group, and obtain the gas cylinder filling license and the hydrogen refueling station operation license. Meanwhile, the hydrogen refueling stations must cooperate with regular inspections during the operation commitment period, maintain normal operation status, with the online duration of the hydrogen refueling station compressors, hydrogen storage containers, hydrogen dispensers, and station control system equipment exceeding 90%, and the actual daily average hydrogen storage capacity exceeding 30% of the fixed hydrogen storage capacity. Article 10: Standards for Hydrogen Refueling Operation Support With the goal of annual regulated pricing, hydrogen refueling operation enterprises are encouraged to seek more cost-effective hydrogen sources to promote the enhancement of hydrogen refueling capacity. The subsidy standard for hydrogen refueling operations adheres to the principle of "upper limit of unit price standard," which includes provincial, municipal, and district operation subsidies. (1) Support for hydrogen refueling station operations. In 2025, for hydrogen refueling stations whose refueling prices meet the policy requirements of the Guangdong Province Fuel Cell Vehicle Demonstration City Cluster, a hydrogen refueling subsidy will be provided to the operation enterprises at the upper limit of the subsidy unit price standard of 18 yuan/kg. (2) Support for the operation of self-use skid-mounted hydrogen refueling devices. In 2025, to accelerate the promotion of various commercial application scenarios and address the inconvenience of vehicle hydrogen refueling, self-use skid-mounted hydrogen refueling devices with self-operated businesses that comply with relevant safety technical specifications and have completed the approval process will be provided with a hydrogen refueling subsidy to the operation enterprises at the upper limit of the subsidy unit price standard of 10 yuan/kg. Article 11: Subsidy Standards for the Operation of Hydrogen Energy Vehicles Subsidies for the operation of hydrogen energy vehicles that comply with these measures shall be provided. The specific subsidy standards shall be formulated separately. Chapter V: Application Materials Article 12: The construction subsidy for hydrogen refueling stations shall be applied for by the construction and operation enterprises of hydrogen refueling stations after obtaining the gas cylinder filling license and the operation license. The following materials shall be submitted when applying: (1) Application Form for Construction Subsidy of Hydrogen Refueling Station in Nanhai District, Foshan City (Attachment 2); (2) Copies of relevant approval documents for the hydrogen refueling station project; (3) Copies of the acceptance certificate for the hydrogen refueling station; (4) Copies of the enterprise's business license; (5) Proof materials for the hydrogen refueling station's access to the provincial regulatory platform; (6) List of hydrogen refueling-related equipment, procurement contracts, as well as equipment factory certificates, invoices, etc. for the hydrogen refueling station; (7) Gas cylinder filling license and operation license; (8) Commitment Letter of the Hydrogen Refueling Station Enterprise (Attachment 6). The above materials shall be provided in quadruplicate, with the original documents provided for verification of the copies; all materials shall bear the official seal of the enterprise. Article 13: The application for operation subsidy of hydrogen refueling stations shall include the following materials: (1) Application Form for Operation Subsidy of Hydrogen Refueling Station in Nanhai District, Foshan City (Attachment 3); (2) Quarterly/annual hydrogen refueling ledger of the hydrogen refueling station (including the license plate number of the refueled vehicle, refueling date, refueling amount, selling price, and invoice); (3) Copies of the business license of the hydrogen refueling station operation enterprise; (4) Copies of the enterprise's tax registration certificate (to be provided when the business license does not include the unified social credit code); (5) Proof materials for the hydrogen refueling station's access to the provincial regulatory platform; (6) Commitment Letter of the Hydrogen Refueling Station Enterprise (Attachment 6). The above materials shall be provided in triplicate, with the original documents provided for verification of the copies; all materials shall bear the official seal of the enterprise (the application for operation subsidy of self-use skid-mounted hydrogen refueling devices shall refer to the above materials). Article 14: The application for operation subsidy of hydrogen energy vehicles shall include the following materials: (1) Application Form for Operation Subsidy of Hydrogen Energy Vehicles in Nanhai District, Foshan City (see Attachment 4); (2) Copies of the driving license (or relevant certificates) of the hydrogen energy vehicle; (3) Documents for the reservation application that has been made with the district promotion office; (4) Identity proof materials: 1. Copies of the business license of the enterprise/individual industrial and commercial household (to be provided when applied for by the enterprise/individual industrial and commercial household); 2. The following documents are required: Unified Social Credit Code Certificate/Legal Person Certificate of Public Institution (to be provided by administrative organs and public institutions applying for the subsidy); (5) A copy of the Tax Registration Certificate of the enterprise/individual industrial and commercial household (to be provided when the Business License does not include the Unified Social Credit Code Certificate); (6) A copy of the ID card of the enterprise's legal representative/unit's legal representative/natural person (including individual industrial and commercial households); (7) Supporting materials proving the vehicle's access to the provincial supervision platform; (8) Photos of the hydrogen fuel cell vehicle, license plate, vehicle identification number, and odometer. The above materials shall be provided in triplicate, with the original documents to be provided for verification of the copies; all materials shall bear the official seal of the enterprise (unit) or the signature and fingerprint of the natural person. For the application of operating subsidies for rail transit vehicles, sightseeing vehicles, forklifts, etc., refer to this article based on their respective vehicle types. Article 15 Enterprises, units, or natural persons applying for operating subsidies for hydrogen-powered vehicles must make a reservation application before the vehicles are put into operation. The following materials shall be submitted when applying: (1) The Reservation Application Form for Hydrogen-Powered Vehicles in Nanhai District, Foshan City (Attachment 5); (2) A copy of the driving license (or relevant certificates) of the hydrogen-powered vehicle; (3) Supporting materials such as production information of relevant parts of the hydrogen fuel cell system of the hydrogen-powered vehicle; (4) Identity verification materials: 1. A copy of the Business License of the enterprise/individual industrial and commercial household (to be provided by enterprises/individual industrial and commercial households applying for the subsidy); 2. Unified Social Credit Code Certificate/Legal Person Certificate of Public Institution (to be provided by administrative organs and public institutions applying for the subsidy); (5) A copy of the Tax Registration Certificate of the enterprise/individual industrial and commercial household (to be provided when the Business License does not include the Unified Social Credit Code Certificate); (6) A copy of the ID card of the enterprise's legal representative/unit's legal representative/natural person (including individual industrial and commercial households); (7) Supporting materials proving the vehicle's access to the provincial supervision platform; (8) A Letter of Commitment for the Operation of Hydrogen-Powered Vehicles (Attachment 7). The above materials shall be provided in triplicate, with the original documents to be provided for verification of the copies; all materials shall bear the official seal of the enterprise (unit) or the signature and fingerprint of the natural person. For the reservation application of rail transit vehicles, sightseeing vehicles, forklifts, etc., refer to this article based on their respective vehicle types. Chapter VI Application and Review Process Article 16 Enterprises, units, or natural persons shall submit the subsidy application (or reservation application) materials to the District Promotion Office (Address: No. 27, Nanxin 5th Road, Guicheng Street, Nanhai District; Contact Number: 86310609). Article 17: The submission deadlines for subsidy applications (or reservation applications) are as follows: (1) Reservation applications for hydrogen-powered vehicles shall be submitted after the registration and licensing of the hydrogen-powered vehicles and before the expiration of the validity period of this policy; (2) Subsidy applications for hydrogen refueling station construction shall be submitted after the hydrogen refueling station obtains the cylinder filling license and the business license, and before the expiration of the validity period of this policy; (3) In principle, subsidy applications for hydrogen refueling operations shall be submitted by the end of the third month after the expiration of the validity period of this policy; (4) Subsidy applications for the operation of hydrogen-powered vehicles shall be submitted in January, April, July, and October of each year after the vehicle meets the requirements specified in Article 11 of these measures. Article 18: Reservation applications for hydrogen-powered vehicles shall be reviewed by the District Promotion Office in conjunction with the Traffic Police Brigade of the District Public Security Bureau. Vehicles that pass the review shall be issued a notification of the reservation application results. Reservation applications for hydrogen-powered rail transit vehicles, sightseeing vehicles, forklifts, etc., shall be reviewed by the District Promotion Office in conjunction with relevant competent departments. Vehicles that pass the review shall be issued a notification of the reservation application results. This notification shall serve as proof for the vehicle to enjoy the support policies under these measures. Article 19: Subsidy applications for hydrogen refueling station construction shall be initially reviewed by a qualified third-party institution hired by the District Promotion Office, followed by a joint review with the District Housing, Construction, and Water Affairs Bureau. Subsidy applications for hydrogen refueling station operations, self-use skid-mounted hydrogen refueling device operations, and hydrogen-powered vehicle operations shall be initially reviewed by a qualified third-party institution hired by the District Promotion Office, followed by a review conducted by the District Promotion Office. Article 20: The results of subsidy application reviews shall be publicized on the Nanhai Yidian Tong website for five working days. After the publicization period ends without any objections, the District Development and Reform Bureau shall apply for the disbursement of funds to the opening account submitted by the applicant in accordance with the requirements of the fiscal treasury centralized payment business operation procedures. Chapter VII: Fund Management Article 21: The special funds shall be supervised by the District Development and Reform Bureau, the District Finance Bureau, the District Housing, Construction, and Water Affairs Bureau, and other departments according to their management authority. The District Development and Reform Bureau shall conduct regular or irregular joint inspections with relevant departments and units on the fund application situations of enterprises, units, and natural persons applying for this special fund. Article 22: Enterprises, units, or natural persons applying for the special fund shall be responsible for the authenticity of their application materials. Enterprises, units, or natural persons that engage in fraud, defraud the special fund, fail to obtain national demonstration application reward points for fuel cell vehicles, fail to pass regular inspections and do not rectify as required, or fail to fulfill their commitments shall return all the disbursed special funds within three months from the date of receiving the notification from the District Development and Reform Bureau. They shall no longer be eligible for relevant subsidies under this policy, and the District Development and Reform Bureau shall be responsible for recovering the support funds. Dishonest enterprises, organizations, or individuals shall be included in our district's credit system platform for dishonesty punishment according to relevant regulations. Article 23 All illegal and non-compliant behaviors during the process of applying for special funds shall be handled according to relevant laws and regulations. If such actions constitute a crime, they shall be transferred to judicial authorities for criminal responsibility. Chapter 8 Supplementary Provisions Article 24 This method shall be implemented and interpreted by the District Development and Reform Bureau. Article 25 Hydrogen refueling stations applying for subsidies must have a nameplate that meets the daily hydrogen refueling capacity standards and provide a certificate of equipment conformity, which must be confirmed by the Nanhai District Hydrogen Refueling Station Expert Group. Article 26 This method shall come into effect on July 14, 2025, and remain valid until December 31, 2025. Article 27 Hydrogen energy vehicles registered for the first time between August 13, 2021, and December 31, 2025, shall follow this method. For hydrogen refueling stations that commenced construction before January 17, 2023, and were completed and inspected by June 30, 2023, applications for construction subsidies shall follow the "Foshan Nanhai District Promotion Measures for the Construction and Operation of Hydrogen Refueling Stations and the Operation of Hydrogen Energy Vehicles (Revised)" (Nan Fu Ban [2020] No. 3). Enterprises, organizations, or individuals who have already received support funds under Nan Fu Ban [2022] No. 24 and Nan Fu Ban [2023] No. 12 and have reached the subsidy cap will not enjoy this policy again. Attachments: 1. Standards for Defining Daily Hydrogen Refueling Capacity of Hydrogen Refueling Stations.docx 2. Application Form for Foshan Nanhai District Hydrogen Refueling Station Construction Subsidy Fund.docx 3. Application Form for Foshan Nanhai District Hydrogen Refueling Station Operation Subsidy.docx 4. Application Form for Foshan Nanhai District Hydrogen Energy Vehicle Operation Subsidy.docx 5. Appointment Application Form for Foshan Nanhai District Hydrogen Energy Vehicles.docx 6. Commitment Letter from Hydrogen Refueling Station Enterprises.docx 7. Commitment Letter for Hydrogen Energy Vehicle Operation.docx

Announcement of the State-owned Assets Supervision and Administration Commission of the State Council on the Establishment of China Yajiang Group Corporation Limited With the approval of the State Council, China Yajiang Group Corporation Limited has been established, with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) acting on behalf of the State Council to perform the responsibilities of the investor. The company has been included in the list of enterprises under the investor responsibilities of SASAC. State-owned Assets Supervision and Administration Commission of the State Council July 19, 2025 It is reported that the inauguration ceremony of China Yajiang Group Corporation Limited was recently held in Beijing, attended by Zhang Guoqing, Member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, who unveiled the company's plaque. Zhang Guoqing emphasized that the establishment of China Yajiang Group Corporation Limited is a major decision made by the CPC Central Committee with Comrade Xi Jinping at its core from a strategic and overarching perspective. It is an important measure to thoroughly implement the holistic view of national security, the new energy security strategy, and the Party's governance strategy for Tibet in the new era, ensuring the smooth construction and operation of the Yajiang hydropower project. China Yajiang Group must resolutely implement the decisions and deployments of the CPC Central Committee and the State Council, meticulously organize and manage the project construction, prioritize quality and safety, focus on technological breakthroughs and ecological protection, and advance the project with a high sense of responsibility toward history and the people. The company should strengthen operational management, establish a flattened and efficient management structure, build a digital and intelligent command and dispatch system, and create an assessment and incentive mechanism as well as a team management system that meets the needs of the project. It should vigorously promote the "Old Tibet Spirit" and foster a strong atmosphere of entrepreneurship. The company must integrate Party leadership with corporate governance, leverage the role of the Party group in setting the direction, managing the overall situation, and ensuring implementation, and fully utilize the combat effectiveness of grassroots Party organizations and the exemplary role of Party members. Every effort should be made to build the Yajiang hydropower project into a century-spanning, benchmark project with Chinese characteristics that stands the test of history. Officials from relevant central and state organs, local governments, and enterprises, as well as experts and employee representatives, attended the ceremony. List of Central State-Owned Enterprises No. Company Name 1 China National Nuclear Corporation 2 China Aerospace Science and Technology Corporation 3 China Aerospace Science and Industry Corporation 4 Aviation Industry Corporation of China 5 China State Shipbuilding Corporation Limited 6 China North Industries Group Corporation Limited 7 China South Industries Group Corporation Limited 8 China Electronics Technology Group Corporation 9 Aero Engine Corporation of China 10 China Rongtong Asset Management Group Co., Ltd. 11 China National Petroleum Corporation 12 China Petrochemical Corporation 13 China National Offshore Oil Corporation 14 PipeChina 15 State Grid Corporation of China 16 China Southern Power Grid 17 China Huaneng Group Co., Ltd. 18 China Datang Corporation Limited 19 China Huadian Corporation Ltd. 20 SPIC 21 China Three Gorges Corporation 22 China Yajiang Group Corporation Limited 23 China Energy Investment Corporation 24 China Telecommunications Corporation 25 China United Network Communications Group Co., Ltd. 26 China Mobile Communications Group Co., Ltd. 27 China Satellite Network Group Co., Ltd. 28 China Electronics Corporation 29 China FAW Group Co., Ltd. 30 Dongfeng Motor Corporation 31 China First Heavy Industries 32 Sinomach 33 Harbin Electric Corporation 34 Dongfang Electric Corporation 35 Ansteel Group 36 China Baowu Steel Group Corporation Limited 37 China Mineral Resources Group Co., Ltd. 38 Chalco 39 China COSCO Shipping Corporation Limited 40 Air China Limited 41 China Eastern Airlines Corporation Limited 42 China Southern Airlines Company Limited 43 Sinochem Holdings Corporation Ltd. 44 COFCO Corporation 45 Minmetals 46 China General Technology (Group) Holding Co., Ltd. 47 China State Construction Engineering Corporation 48 Sinograin 49 China South-to-North Water Diversion Corporation Limited 50 SDIC 51 China Merchants Group 52 China Resources (Holdings) Co., Ltd. 53 China Tourism Group Corporation [HKCTS (Holdings) Limited] 54 Commercial Aircraft Corporation of China, Ltd. 55 China Energy Conservation and Environmental Protection Group 56 China International Engineering Consulting Corporation 57 China Chengtong Holdings Group Ltd. 58 China National Coal Group Corporation 59 China Coal Technology and Engineering Group 60 China Academy of Machinery Science and Technology Group Co., Ltd. 61 China Iron & Steel Research Institute Group 62 China National Chemical Engineering Group Co., Ltd. 63 China Salt Group Corporation Limited 64 China National Building Material Group Co., Ltd. 65 China Nonferrous Metal Mining Group Co., Ltd. 66 China Rare Earth Group Co., Ltd. 67 China Resources Recycling Group Co., Ltd. 68 China GRINM Group Corporation Limited 69 BGRIMM Technology Group 70 China International Intellectech Corporation 71 China Academy of Building Research 72 CRRC Corporation Limited 73 China Railway Signal & Communication Corporation Limited 74 China Railway Engineering Group Co., Ltd. 75 China Railway Construction Corporation Limited 76 China Communications Construction Company Limited 77 China Information and Communication Technology Group Co., Ltd. 78 China National Agricultural Development Group Co., Ltd. 79 China National Forestry Group Co., Ltd. 80 Sinopharm 81 China Poly Group Corporation Limited 82 China Building Technology Group Co., Ltd. 83 China Metallurgical Geology Bureau 84 China Coal Geology Administration 85 Xinxing Cathay International Group Co., Ltd. 86 TravelSky Technology Limited 87 China National Aviation Fuel Group Limited 88 China Aviation Supplies Holding Company 89 Power Construction Corporation of China 90 China Energy Engineering Group Co., Ltd. 91 China Anneng Construction Group Corporation Limited 92 China National Gold Group Co., Ltd. 93 China General Nuclear Power Corporation 94 Overseas Chinese Town Group Co., Ltd. 95 Nam Kwong (Group) Company Limited [China Nam Kwong Group Corporation] 96 China Electrical Equipment Group Co., Ltd. 97 China Logistics Group Co., Ltd. 98 China Reform Holdings Corporation Limited 99 China Certification & Inspection Group Co., Ltd. Source: SASAC Little New, Xinhua News Agency