Against the backdrop of global energy transition and the accelerated development of the digital economy, silver—a strategic metal with both industrial and financial attributes—is undergoing profound changes across its industry chain. On one hand, demand for silver from emerging fields such as PV, NEVs, and 5G communications continues to climb, driving the industry toward high value-added and green development. On the other hand, resource constraints, technological barriers, and market fluctuations are placing higher demands on industry chain resilience, making innovation-driven, coordinated development across the entire chain an urgent priority. Dual Policy and Market Drivers Under China’s “dual carbon” goals and the global wave of ESG investment, the silver industry faces urgent demands for green production, circular utilization, and low-carbon technologies. The National Development and Reform Commission (NDRC) “14th Five-Year Plan for Circular Economy Development” explicitly calls for strengthening the recycling of precious metal resources, while international silver price fluctuations and geopolitical risks are compelling enterprises to enhance supply chain self-sufficiency and controllability. Against this backdrop, the Silver Industry Chain Innovation Conference has emerged, aiming to build a collaborative platform integrating government, industry, academia, research, and end-users, address industry pain points, and steer the sector toward high-end, intelligent, and international development. Innovation Needs and Industry Pain Points Technological Breakthroughs: Urgent breakthroughs are needed in silver purification processes, nano-silver material applications, and scrap recycling technologies to meet the demand for high-purity, low-cost silver in emerging fields such as PV silver paste and flexible electronics. Industry Chain Coordination: Information silos exist among the mining, smelting and processing, and end-use application segments, requiring digital tools to achieve optimized resource allocation and risk sharing. Green Transition: Traditional smelting processes are energy-intensive and highly polluting, necessitating the promotion of cleaner production technologies and circular economy models in response to global carbon neutrality commitments. Market Expansion: The application potential of silver in frontier fields such as hydrogen energy and quantum computing has yet to be fully tapped, calling for strengthened cross-industry cooperation and standard setting. Conference Objectives and Value With the theme “Silver Chain Innovation: Smart Future,” this conference convenes leading global silver industry chain enterprises, research institutions, financial organizations, and policymakers for in-depth dialogue on three core topics: technology R&D, supply chain optimization, and market expansion. Through the release of an industry white paper, the establishment of an innovation alliance, and the signing of major projects, the conference aims to propel the silver industry’s transition from “resource dependence” to “technology leadership,” providing key material support for the global energy revolution and the digital economy. Kunshan Shangzeqi Chemical Technology Co., Ltd. will attend this grand event to explore industry development trends with peers and jointly advance the silver industry to new heights. Click to register now for the conference—witness and take part in this momentous, far-reaching industry event, and together create a brilliant new chapter! Kunshan Shangzeqi Chemical Technology Co., Ltd. completed development of its stirring-type dry gas seal software in 2022, which can be widely applied in semiconductors, new energy, small molecule, fine chemical, pharmaceutical, fermentation and other industries. It has already been applied in photoresist projects, new energy projects, and more. Its features include zero pollution, high purity, no contact, no temperature rise, long life, easy maintenance, and insensitivity to rotational speed. This structure provides comprehensive anti-contamination solutions, fully meeting the conditions of clients with high anti-pollution requirements. Kunshan Feihong Company primarily engages in the research, development, manufacturing and application of filtration and separation equipment, drying equipment, reaction equipment, crushing and mixing equipment, and more. The company is dedicated to developing and promoting clean production, safety and environmental protection, and energy-saving and consumption-reduction technologies in the pharmaceutical and chemical industries. Drawing on years of R&D and application experience in pharmaceutical and chemical equipment, combined with extensive client feedback and integrated multi-resource advantages, we can formulate complete and applicable technical solutions tailored to enterprise needs. With outstanding product design capabilities, innovative design and production processing strengths, Feihong Company delivers safe, stable and reliable products to sectors including biomedicine, fine chemicals, food, dyeing and printing, new energy, new materials, semiconductors, and resins. Founded in 2015, Kunshan Unaike Machinery Co., Ltd. specializes in the research and development of crushing and de-agglomeration equipment for “high-end pharmaceutical” or “precious metal” applications. By incorporating advanced Japanese and European technologies, the company continuously refines its products and processes to better serve the precious metal field. Its products have already earned cooperation and recognition from numerous R&D and production organizations in China's precious metal sector. Contact Information Yu Songlei 18914968197 Long press and scan to register now 2026 SMM (7th) Silver Industry Chain Innovation Conference

According to CPCA data, in April, passenger vehicle market sales were 1.368 million units, down 19.4% YoY and down 7.0% MoM; new energy market sales were approximately 817,000 units, down 6.2% YoY and up 2.4% MoM. In April, new energy market sales accounted for 59.7% of total passenger vehicle sales, up 8.4 percentage points from the same period last year. In April, BEV sales were approximately 571,000 units, up 3.9% YoY and up 2.4% MoM; PHEV sales were approximately 246,000 units, down 23.5% YoY and up 2.4% MoM. Cumulative new energy auto sales in 2026 reached 2.61 million units, down 18.4% YoY on a cumulative basis.

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Maintained a Sideways Trend During the Night Session, with Overall Subdued Trading Volume and Market Sentiment]

Material Prices: Most solid-state battery materials declined. LPSC dropped 5.5% to RMB 7,280/kg, Li₂S fell 3.8% to RMB 1,530/kg, Li metal and LFP fell 1.7% and 1.4% respectively. Only P₂S₅ rose 2.6%. Oxide electrolytes (LATP, LLZO) were flat.

The 2025 2nd SMM Southeast Asia Automotive Supply Chain Conference was successfully held, featuring the on-site launch of 10 new car models, Southeast Asia brand strategies from three automakers, and SMM's local steel prices in Thailand. The event facilitated efficient matchmaking between 12+ buyers and 60+ suppliers, and preliminarily established a communication platform for the entire industry chain of the Southeast Asian automotive industry. Currently, the NEV industry in Southeast Asia is entering a critical development phase. Thailand, Indonesia, and Vietnam each have their own strategic layouts and breakthroughs, while the industry also faces challenges such as supply chain restructuring, competition over technology roadmaps, and localization compliance. Thanks to the support of all parties, SMM's local pricing systems in Thailand and Indonesia have been implemented and adopted by core enterprises, establishing a credible cost benchmark for the industry. The 2026 3rd Conference will focus on three core themes: exploring the auto sales potential of NEVs in Southeast Asia; connecting the last mile of the supply chain and integrating regional industry chain resources; and advancing SMM's Southeast Asia metal pricing from a price reference to a transaction benchmark, implementing electrification material procurement applications and establishing an executable pricing system. We firmly believe that true progress comes from turning consensus into action. At this conference, sincerely invites you to gather again in Bangkok to transform strategic blueprints into competitive market advantages, to witness and participate in this extraordinary and far-reaching industry event, and to co-create a brilliant new chapter! Click the to register now. Francool Technology (Shenzhen) Co., Ltd. was founded in April 2001 and is headquartered in Longhua District, Shenzhen. It is a national high-tech enterprise and national-level Specialized, Refined, Unique & Innovative "Little Giant" enterprise specializing in the R&D, production and sales of metal & new material working fluids, lubricants and intelligent environmental protection treatment equipment. Committed to the vision of becoming a world-leading one-stop supplier of fluid solutions, the company has over two decades of industry experience and has been listed among Shenzhen Top 100 Quality Enterprises and Shenzhen Top 400 Enterprises. Francool Technology (Shenzhen) Co., Ltd. founded in April 2001 and headquartered in Longhua District, Shenzhen, FRANCOOL Technology (Shenzhen) Co., Ltd. is a national high-tech enterprise and national-level Specialized, Refined, Unique & Innovative "Little Giant" enterprise specializing in the R&D, production and sales of metal & new material working fluids, lubricants and intelligent environmental protection treatment equipment. Committed to the vision of becoming a world-leading one-stop supplier of fluid solutions, the company has over two decades of industry experience and been listed among Shenzhen Top 100 Quality Enterprises and Shenzhen Top 400 Enterprises. In terms of development history, the company upholds the philosophy of "Customer-oriented, People-focused, Technology-driven, Sustainable Development" , and has progressively achieved a global layout. It has successively established multiple production sites in Shenzhen, Zhongshan, Kunshan, Vietnam, and Thailand. Through Francool Advanced Industrial Fluid Technology (Thailand) Co., Ltd. , the company has implemented localized production and operations in Thailand, achieving full coverage of core manufacturing clusters in China and key industrial markets across Southeast Asia. Guided by the corporate philosophy of "Customer-oriented, People-focused, Technology-driven, Sustainable Development", the company has steadily rolled out its global footprint with manufacturing bases across Shenzhen, Zhongshan, Kunshan, Vietnam and Thailand. Its localized production and operation in Thailand are implemented via Francool Advanced Industrial Fluid Technology (Thailand) Co., Ltd., enabling full market coverage of core domestic manufacturing clusters and key industrial hubs across Southeast Asia. The core business focuses on three major segments, forming an entire industry chain service capability. Products span six major series and are widely applied in key fields such as consumer electronics and auto parts. Leveraging its self-developed OWS oily wastewater treatment system , the company provides one-stop environmental protection solutions, fulfilling its social responsibilities. Centered on three core business segments, the enterprise has built a full industrial chain service portfolio consisting of six major product lines widely adopted in consumer electronics, auto parts and other pivotal industries. Supported by its self-developed OWS oily wastewater treatment system, FRANCOOL delivers integrated one-stop environmental solutions to fulfill corporate social responsibilities. In terms of technical strength, the company has 3 R&D centers along with postdoctoral and doctoral research platforms, and has assembled a global R&D team. It holds a cumulative total of 122 patents of various categories and 2 software copyrights. Core products have passed multiple international system certifications, with some reaching internationally advanced levels. In terms of technical capacity, the company operates three R&D centers together with postdoctoral and doctoral research platforms and a global R&D workforce. It holds 122 patents of various categories and 2 software copyrights; core products have obtained multiple international system certifications, with some reaching world-class advanced standards. In terms of global layout, the company has 11 wholly-owned subsidiaries and over 20 offices in China. Outside China, with the Vietnam production site as the core and supported by branch offices across multiple regions, the company provides full-lifecycle services to global clients through a direct sales model. In the future, the company will focus on high-end environmental protection products, advance its global layout, and strive to build a world-leading brand for industrial lubricants . For global layout, FRANCOOL owns 11 wholly-owned subsidiaries and over 20 representative offices in China. Overseas operations pivot around its Vietnam manufacturing base and regional branches, adopting a direct sales model to deliver full-lifecycle services to worldwide clients. Going forward, the company will focus on high-end eco-friendly products, accelerate global expansion and strive to grow into a world-leading brand for industrial lubricants. Contact Information Contact Tel: 0755 28130169 Contact Us Yan Caowei 15618581967

On May 29, 2026, coinciding with National Science and Technology Workers' Day, Yuchai Group grandly held a special event for the 2026 National Science and Technology Workers' Day, officially launching the K-Power Five-Dimensional Technology Brand along with eight entirely new self-developed products, and committing an additional 93.3 million yuan in special science and technology innovation reward funds to incentivize scientific innovation and R&D, comprehensively demonstrating the enterprise's hardcore strength and strategic determination in empowering industrial upgrading and leading transformation in the power industry through technological innovation. A technology brand serves as the core vehicle for an enterprise's core technology system and long-term competitiveness. The K-Power Five-Dimensional Technology Brand unveiled this time is Yuchai's second systematic technology brand following the Flywheel Range-Extender technology brand, encompassing the Benting, Chunqu, Panqing, Yunxing, and Tianshu five core technology systems, corresponding respectively to the technological advantages across five core performance dimensions: power performance, fuel economy, reliability, comfort, and intelligence. The official launch of this brand represents Yuchai's strategic-level technology deployment aligned with new energy and low-carbonisation industry trends, marking the enterprise's scientific innovation development entering a brand-oriented, systematic, and high-end new phase, and establishing a new benchmark for technology iteration and upgrading in China's EV sector. The event simultaneously showcased 8 entirely new self-developed products , comprehensively covering three core tracks: traditional power, new energy power, and intelligent equipment, precisely matching market demands across multiple scenarios including marine transportation, heavy-duty mining, comprehensive energy, and high-end intelligent manufacturing, achieving technology innovation across all product domains. In the traditional power sector, multiple flagship models achieved performance breakthroughs. The new-generation YC6GL medium-speed diesel engine integrates Yuchai's Chunqu 5, Panqing 5, and Tianshu 5 three core technologies, suitable for various marine equipment including coastal transport vessels, fishing boats, and engineering tugboats, achieving upgrades in equipment reliability and durability while effectively reducing fuel consumption and subsequent operation and maintenance costs, with significantly improved overall cost-effectiveness. The heavy-duty gas flagship power YCK16N gas engine stands as an industry benchmark product, equipped with Panqing 5 and Chunqu 5 technologies, delivering maximum horsepower of 750 hp and peak torque of 3,400 Nm , achieving the industry's lowest gas consumption rate among engines of the same displacement, balancing powerful performance with energy-saving advantages, and improving comprehensive transportation efficiency by 15% across all scenarios. The YCK32 high-end diesel engine designed for heavy-duty mine conditions precisely matches heavy-duty equipment including 100-ton-class mining dump trucks, large fracturing trucks, and drilling equipment, reducing fuel consumption by 10%-15% compared to similar industry models, with operating condition adaptability and overall performance comparable to imported high-end power equipment. The new energy track welcomed significant technological achievements, with Yuchai officially launching the hydrogen-electric coupling integrated solution . This solution deeply integrates the advantages of hydrogen energy and electric power as two major green energy sources, featuring core characteristics including zero-carbon environmental protection, long duration energy storage (LDES), multi-energy complementarity, and flexible energy conversion, effectively improving the utilization rate of green and clean energy consumption, with broad applications in scenarios such as marine comprehensive energy islands, industrial park comprehensive energy supply systems, and micro power grids in remote and special areas, providing a new technological pathway for distributed green energy deployment. The intelligent equipment track also yielded fruitful results, with 4 innovative products and core technologies released this time, achieving multiple industry-first breakthroughs. Among them, the 806 integral axle housing and 15MD00 generator set crankshaft pioneered the industry's "iron replacing steel" process implementation, built upon iron mold coated sand casting technology, combining the dual advantages of lightweight and high strength, filling the gap in China's integrated casting technology for large power components. The new YC-U400 cradle-type five-axis machining center adopts a fully direct-drive integrated structural design, achieving dual-axis zero-backlash transmission, with part machining precision reaching Ra0.8 , overall machining efficiency improved by 40%, and significantly upgraded high-end intelligent manufacturing capabilities. Notably, Yuchai made a global debut of the construction machinery wheel-side direct-drive control technology , innovatively integrating core technologies including wheel-side direct-drive integration, intelligent energy management, and distributed drive control, building a "mechanical-electrical, energy, and control" coordinated operation system. This technology enables a leapfrog improvement in single-machine equipment performance, with oil-to-electricity economic ratio reaching 10:1 and comprehensive energy efficiency exceeding 90% , leveraging 17 core patents to build a reusable new energy construction machinery technology platform, thoroughly resolving industry pain points of traditional construction machinery such as high energy consumption, low energy efficiency, and poor operating condition adaptability. Regarding talent and scientific innovation incentives, the event ceremoniously recognized 17 first-prize technology achievement projects for 2025, paying tribute to the research teams and staff dedicated to core technology breakthroughs. These award-winning achievements focused on key industry shortcomings, successfully overcoming multiple "bottleneck" technical challenges, achieving dual leaps in technological breakthroughs and market value. Meanwhile, Yuchai announced continued investment of 93.3 million yuan in scientific innovation reward funds for 2026, consolidating the innovation talent cultivation system with substantial special rewards and activating the enterprise's long-term innovation vitality. A relevant executive of Yuchai Group stated that in the future, the enterprise will be guided by the K-Power Five-Dimensional Technology Brand as its core, closely following the three major development themes of high efficiency and low carbon, diversified green energy, and digital intelligence-driven approaches, continuously building a world-class science and technology innovation system, solidifying the three-dimensional industrial layout of "traditional power as foundation, new energy power for breakthrough, and intelligent equipment for empowerment," driving the enterprise's intelligent manufacturing upgrade through full-chain technological innovation, and helping China achieve a leapfrog development from a major power industry nation to a power industry powerhouse.

Leveraging the dual-carbon strategy and the momentum of circular economy development, China's recycled metal industry leads the world in scale, while also facing numerous development challenges. To help enterprises seize industry policy and market opportunities and address industry development issues, SMM will hold the 2026 SMM Recycled Metals Industry Summit Forum & Melting and Casting Technology Special Session in Ningbo, Zhejiang, July 16-17, 2026 . Wuhan Hongjin Metal Aluminum Co., Ltd. cordially invites you to join us in building an international platform for exchange, cooperation, resource sharing, and collaborative innovation, contributing to the construction and improvement of a global resource circular utilization system and driving the global green economic transition. Click the to register immediately. Booth No.: E6 Hongjin New Materials Group has been deeply engaged in the cast aluminum alloy sector for 30 years and is a leader with over 10 billion yuan in revenue, integrating R&D, production, and services. The Group has established 10 modern production sites and 2 provincial-level new materials research institutes worldwide, with green low-carbon aluminum alloy capacity exceeding 1.5 million mt in 2025. We are committed to providing aluminum alloy ingots, direct molten aluminum supply, and one-stop lightweight solutions. Our independently developed large-scale integrated die-casting heat-treatment-free aluminum alloy is ready for mass production. Our products are widely used in cutting-edge fields such as NEVs and 5G communications, and we are a designated supplier for top 100 automakers including Tesla, BYD, and BBA, as well as Google and Amazon. Hongjin New Materials is fully committed to green and low-carbon practices, "casting the future" together with global partners. I. Enterprise Strengths 1.5 million mt+ : Annual green low-carbon aluminum alloy capacity in 2025 10 billion+ : Annual revenue of the Group 10 major sites : Based in China (south China/central China/east China), with expansion outside China 2 major institutes : Two provincial-level new materials research institutes II. Core Products and Services Providing you with one-stop lightweight solutions from materials to processes: Core Services : Premium aluminum alloy ingot supply | Direct molten aluminum supply | Integrated melting and holding services Specialty Patented Materials : High thermal conductivity, high electrical conductivity, high strength and toughness, and high wear-resistant aluminum alloys Industry Frontier : Large-scale integrated die-casting heat-treatment-free aluminum alloy (Approved by OEMs, ready for mass production) Full Grade Coverage Standard Series : ADC12, A380, A356, ALSI10MNMG, and other mainstream grades. Exclusive Patented Series : HJ Series (HJ03-16), HCS09, HS330, and many other proprietary grades. III. World-Class Partner Network Products are widely used in core sectors including automotive, new energy, low-altitude economy, and 3C electronics. Globally Renowned Automakers : BMW, Mercedes-Benz, Audi, Volkswagen, General Motors, Toyota, Honda, Nissan New Energy Pioneers : Tesla, BYD, NIO, XPeng, Xiaomi, Geely Technology and Ecosystem Giants : CATL, DJI, Inovance ( Designated qualified supplier for Google and Amazon ) IV. Green, Low-Carbon Commitment and Quality Assurance Safeguarding your supply chain security with the highest international standards: System Certifications : IATF 16949, ISO 9001 / 14001 / 45001 / 50001:2018 Green Development : Completed carbon footprint and greenhouse gas verification, deeply engaged in advancing ESG and ASI initiatives. Contact Information Sales Center: South China Team - Sales Director - He Zhijia 138 2754 9148 Central China Team - Sales Director - Li Hongwei 136 1832 5655 East China Team - Sales Director - Han Yaobin 159 5327 5580 Hongbang Team - Sales Director - Yang Zhenjiang 139 2263 2929 Website: SMM Conference Contact Zhou Shiyang Mobile: 17278238856 Email:

The 2025 2nd SMM Southeast Asia Automotive Supply Chain Conference was successfully held, featuring the launch of 10 new car models, Southeast Asia brand strategies from three automakers, and SMM's local steel prices in Thailand. The event facilitated efficient matchmaking between 12+ buyers and 60+ suppliers, and preliminarily established a communication platform for the entire automotive industry chain in Southeast Asia. Currently, the NEV industry in Southeast Asia is entering a critical development phase. Thailand, Indonesia, and Vietnam each have their own strategic layouts and breakthroughs, while the industry also faces challenges such as supply chain restructuring, competition over technology roadmaps, and localization compliance. Thanks to the support from all parties, SMM's local pricing systems in Thailand and Indonesia have been implemented and adopted by core enterprises, establishing a credible cost benchmark for the industry. The 2026 3rd Conference will focus on three core themes: exploring the NEV auto sales potential in Southeast Asia; connecting the last mile of the supply chain and integrating regional industry resources; and advancing SMM's Southeast Asia metal pricing from a price reference to a transaction benchmark, implementing procurement applications for electrification materials, and establishing an executable pricing system. We firmly believe that true progress comes from turning consensus into action. At this conference, Shanghai Launch Automotive Design Co., Ltd. cordially invites you to gather again in Bangkok, to jointly transform strategic blueprints into competitive market advantages, to witness and participate in this extraordinary and far-reaching industry event, and to co-create a brilliant new chapter! Click the to register now. Booth No.: A16 Stock Code: 832954 An Innovative Force Leading R&D Across the Entire Automotive Industry Chain Launch was founded in 2000 and is headquartered in Shanghai. It is a "turnkey engineering" service provider specializing in R&D across the entire automotive industry chain. The company has established 33 branches worldwide and a professional team of over 4,000 employees. Its business covers the entire process, including styling design, vehicle engineering development, supply chain management, prototype trial production and testing, providing clients with one-stop vehicle R&D solutions. Founded in 2000 and headquartered in Shanghai, Launch is a "turnkey engineering" service provider specializing in R&D across the entire automotive industry chain. The company has established 33 branches worldwide and a professional team of over 4,000 employees. Its business covers the entire process, including styling design, vehicle engineering development, supply chain management, prototype trial production and testing, providing customers with one-stop vehicle R&D solutions. The company drives its development with the dual engines of " automotive R&D + product innovation" The company drives its development with the dual engines of "automotive R&D + product innovation": Automotive R&D and Design : As its core business, Launch has long served international brands such as Toyota, Tesla, Ford, and Renault, as well as leading Chinese automakers including BYD, Great Wall, Geely, FAW, Dongfeng, GAC, and XPeng, continuously driving the upgrade of the global automotive industry. Automotive R&D and Design: As its core business, this segment has long served international brands such as Toyota, Tesla, Ford, and Renault, as well as major domestic automakers including BYD, Great Wall Motors, Geely, FAW Group, Dongfeng Motor, GAC Group, and XPeng. It continuously promotes the upgrading of the global automotive industry. Product Innovation Business : Leveraging its ability to integrate the entire industry chain, Launch independently develops diversified electrification platforms, covering categories such as EVs, electric motorcycles, e-bikes, and electric wheelchairs. In the future, it will accelerate the expansion of markets outside China to support the global layout of technology, industry chains, and automotive ecosystems. Product Innovation Business: Leveraging its ability to integrate the entire industry chain, Launch independently develops diversified electrification platforms, covering categories such as electric vehicles, electric motorcycles, electric bicycles, and electric wheelchairs. In the future, it will accelerate the expansion of overseas markets to support the global layout of technology, industrial chains, and automotive ecosystems. Launch has won multiple honors, including "National High-Tech Enterprise," "National Industrial Design Center," and "National-level 'Little Giant' Enterprise Specialized in Refined, Precise, and Advanced Technologies." Up to now, it has completed the R&D of more than 400 car models, covering traditional passenger cars, commercial vehicles, and new energy vehicles. The total sales of launched models have exceeded 30 million units, making Launch not only a top-tier vehicle R&D institution in China but also a global industry benchmark, continuously driving the independent innovation and global development of China's automotive industry. Launch has won multiple honors, including "National High-Tech Enterprise", "National Industrial Design Center", and "National-level 'Little Giant' Enterprise Specialized in Refined, Precise, and Advanced Technologies". Up to now, it has completed the R&D of more than 400 vehicle models, covering traditional passenger cars, commercial vehicles, and new energy vehicles. The total sales volume of the launched models has exceeded 30 million units. Launch has not only become a top-tier domestic vehicle R&D institution but also emerged as a global industry benchmark, continuously promoting the independent innovation and global development of China's automotive industry. Contact Information Contact Ma Xiao: 13612111955 Contact Us Wu Chaojun

In May, European APT prices held firm above $3,000/mtu amid tight supply, while scrap tungsten dropped sharply. China's tungsten prices rebounded late in the month as sentiment improved, though downstream demand remained soft. A cautious bottoming trend emerged.

According to Barron's, the market might have assumed that Tesla would offer bulk buyers a certain discount. However, that was not the case. It turned out that one of the largest buyers of the Tesla Cybertruck was none other than SpaceX. Musk's rocket company spent $131 million to purchase the futuristic-looking pickup truck. According to the S-1 IPO registration statement filed by SpaceX, the EVs were purchased "at Tesla's manufacturer's suggested retail price." SpaceX did not receive any discount. Based on this amount, approximately 1,600 trucks could be purchased. This figure accounted for roughly 8% of the total Cybertrucks Tesla sold in the US market in 2025.