Today, multiple automakers including BYD, Great Wall Motor, XPeng Motors, Xiaomi Auto, Chery Group, and BAIC Group issued statements on the same day, committing to "payment terms not exceeding 60 days." Yesterday, six automotive producers, namely China FAW Group Corporation Limited, Dongfeng Motor Corporation Limited, Guangzhou Automobile Group Co., Ltd., Seres Group Co., Ltd., Geely Auto Group, and Changan Automobile, issued statements on the same day, making the same commitment. As of now, over 10 automakers have made relevant commitments. BYD: Unifying supplier payment terms to within 60 days According to BYD's official Weibo account, in order to implement a series of deployment requirements made by the state and relevant ministries and commissions to ensure the stability of the industry chain and supply chain and promote the high-quality development of the automotive industry, and to support the healthy development of small and medium-sized enterprises, BYD announced that it would unify supplier payment terms to within 60 days. BYD stated that it would take concrete actions to promote the high-quality development of China's automotive industry. In the future, BYD will continue to work with upstream and downstream partners to jointly drive the steady and long-term development of China's automotive industry through technological innovation and management optimization. Great Wall Motor: Committing to unify payment terms to within 60 days Great Wall Motor Co., Ltd. announced that it would unify supplier payment terms to within 60 days to ensure the stability of the automotive industry chain and supply chain, promote fair market competition, stimulate innovation vitality, and improve development efficiency. Xiaomi Auto: Unifying supplier payment terms to within 60 days Xiaomi Auto's official Weibo account announced that it would resolutely implement the deployment requirements made by the state and relevant competent authorities to promote the high-quality development of the automotive industry and ensure the stability of the supply chain, unifying supplier payment terms to within 60 days. XPeng Motors: Unifying payment terms to within 60 days XPeng Motors stated that in order to actively respond to and implement a series of deployment requirements made by the state and relevant departments to promote the high-quality development of the automotive industry, ensure the stability of the industry chain and supply chain, and support the healthy development of small and medium-sized enterprises, XPeng Motors announced that it would unify payment terms to within 60 days. Chery Group: Unifying supplier payment terms to within 60 days Chery Group issued a statement saying that recently, national ministries and commissions such as the Ministry of Industry and Information Technology (MIIT) and the State-owned Assets Supervision and Administration Commission (SASAC) have made a series of deployment requirements to ensure the stability of the industry chain and supply chain and promote the high-quality development of the automotive industry. Chery Group resolutely implements these requirements and has decided to unify supplier payment terms to within 60 days starting from June 10th to accelerate the capital turnover efficiency of the industry chain and ensure the stability of the industry chain and supply chain. Leap Motor: Will adhere to the "60-day payment" principle as always to ensure efficient and smooth payment processes Leap Motor posted on Weibo that it would adhere to the "60-day payment" principle as always, with zero arrears as the standard, streamline the approval process, continuously strengthen interdepartmental collaboration, and ensure efficient and smooth payment processes. BAIC Group: Strictly fulfill settlement within 60 days for all partners meeting payment conditions from today onwards BAIC Group stated that from today onwards, it would strictly fulfill settlement within 60 days for all partners meeting payment conditions, comprehensively cancel unreasonable settlement methods such as commercial acceptance bills that increase the financial pressure on suppliers, and alleviate the cash flow pressure on small and medium-sized suppliers. Li Auto: Will continue to implement a payment term within 60 days Li Auto stated that it would continue to implement a payment term within 60 days and jointly promote the high-quality development of China's automotive industry with industry partners. NIO: Will continue to implement a payment term within 60 days NIO posted on Weibo that it would continue to implement a payment term within 60 days and work together with upstream and downstream partners to jointly promote the high-quality development of China's automotive industry. SAIC: Unifies supplier payment terms to within 60 days, does not use commercial acceptance bills SAIC announced in an article on its official WeChat official account that, in order to actively implement the national decision-making and deployment to ensure the stability of the industrial chain and supply chain and promote the high-quality development of the automotive industry, it would unify supplier payment terms to within 60 days and not adopt settlement methods such as commercial acceptance bills that increase the financial pressure on suppliers. It would fulfill its responsibilities as a state-owned enterprise with practical actions, ensure the high-quality and efficient circulation of funds for upstream and downstream enterprises, and promote better collaborative operation among partners. FAW Group: Sets "60-day payment" as the payment term requirement for affiliated units FAW Group stated in an article that it would continuously optimize internal procurement and financial settlement processes and take practical actions to maintain the healthy and stable order of the market economy. First, it would improve mechanisms and strengthen implementation. It would clarify payment terms and payment methods, set "60-day payment" as the payment term requirement for affiliated units, and strengthen fund supervision and process management. Second, it would optimize processes and improve efficiency. It would strengthen internal collaboration among departments such as procurement and finance, further streamline approval links, and ensure unobstructed payment processes. Third, it would leverage technology for precise control. It would make full use of the digital cloud workbench to achieve real-time monitoring of the entire process nodes, including contract execution, invoice matching, and payment applications, to ensure that every payable is paid on schedule. Dongfeng Motor: Payment Terms to Be Unified to Within 60 Days Dongfeng Motor announced that on June 10, in order to thoroughly implement the spirit of national policies and support the healthy development of small and medium-sized enterprises, Dongfeng Motor Corporation Limited (hereinafter referred to as Dongfeng Motor) officially declared that it would unify its payment terms to within 60 days. This move is an important initiative by Dongfeng Motor to actively respond to the "Regulations on Ensuring Payments to Small and Medium-sized Enterprises" issued by the State Council, aiming to promote the efficient circulation of funds upstream and downstream through practical actions and facilitate the coordinated development of the industry chain. Dongfeng Motor will actively fulfill its social responsibilities and obligations as a central state-owned enterprise, further leverage its role as the "leader" of the industry chain, and collaborate with upstream and downstream enterprises to build an automotive industry ecosystem with greater resilience and innovative vitality, injecting new momentum into the high-quality development of China's automotive industry. GAC Group: Adhering to Supplier Payment Terms of No More Than 60 Days to Ensure Efficient Capital Turnover in the Supply Chain GAC Group stated that it has always been committed to providing customers with safe and high-grade products and services. The healthy development of the supply chain system is the foundation for ensuring the safety and high grade of products. To this end, GAC Group will, as always, adhere to supplier payment terms of no more than 60 days to ensure efficient capital turnover in the supply chain, and work hand in hand with upstream and downstream partners to jointly promote the high-quality development of the industry. Seres: Payments Made in Accordance with Contractual Agreements with Suppliers, with Normal Payment Terms of 60 Days Seres announced that it is actively promoting product integration and intelligent manufacturing clustering, effectively facilitating the coordinated development of upstream and downstream enterprises in the industry chain and enhancing the competitiveness of the entire industrial cluster. Seres has consistently made payments in accordance with contractual agreements with suppliers, with normal payment terms of 60 days, achieving a win-win situation for both the OEM and suppliers. Changan Automobile: Unifying Supplier Payment Terms to Within 60 Days Changan Automobile announced that, together with its subsidiaries Changan Aepower, Changan Kaicheng, Deepal, and Avatr, it is declaring to the industry that it will unify supplier payment terms to within 60 days. Through practical actions, it will fulfill its social responsibilities as a central state-owned enterprise, ensure the efficient circulation of funds for small and medium-sized enterprises, facilitate the coordinated operation of the industry chain, and work together to promote the high-quality development of the industry. Geely Auto Group: Unifying Supplier Payment Terms to Within 60 Days Geely Auto Group stated that in order to actively respond to and implement the "Regulations on Ensuring Payments to Small and Medium-sized Enterprises" issued by the State Council and the "Initiative on Maintaining Fair Competition Order and Promoting the Healthy Development of the Industry" issued by the China Association of Automobile Manufacturers (CAAM), Geely Auto Group announced that it would unify supplier payment terms to within 60 days. This move aims to accelerate the efficiency of capital turnover in the industry chain, ensure the stability of the industry chain and supply chain, fulfill the responsibilities of a leading enterprise, and promote the high-quality development of the automotive industry.

Macro News 1. The General Office of the Communist Party of China Central Committee and the General Office of the State Council issued the "Opinions on Further Advancing Shenzhen's Comprehensive Reform Pilot to Deepen Reform, Innovation, and Opening Up." The document proposes supporting Shenzhen in reforming the flight management system for unmanned aircraft, improving low-altitude flight supervision rules, and exploring cross-border helicopter flights and public service general aviation operations. It also calls for establishing mechanisms for the empowerment, transformation, and evaluation of job-related scientific and technological achievements, implementing long-cycle assessments of state-owned asset preservation and appreciation resulting from such transformations. Additionally, it allows enterprises listed on the Hong Kong Stock Exchange within the Guangdong-Hong Kong-Macao Greater Bay Area to list on the Shenzhen Stock Exchange in accordance with relevant policies. 2. On June 10, Zheng Shanjie, Minister of the National Development and Reform Commission (NDRC), chaired a symposium with technology-oriented private enterprises to solicit opinions and suggestions for the scientific formulation of the 15th Five-Year Plan, focusing on the field of technological innovation. Minister Zheng stated that during the formulation process, the NDRC will carefully study and incorporate enterprises' suggestions, proposing more targeted policy measures to support private enterprises in playing a more active role in promoting technological innovation and building a modern industrial system. Representatives from five private enterprises attended the symposium, including Moore Threads from Beijing, Ant Technology Group from Zhejiang, BGI from Guangdong, Yinjinda New Materials from Henan, and Seven Robots from Chongqing. 3. The Ministry of Commerce announced that, in accordance with the "Anti-Dumping Regulations of the People's Republic of China," it decided on June 17, 2024, to initiate an anti-dumping investigation into imported pork and pork by-products originating from the European Union. Given the complexity of the case, the Ministry of Commerce has extended the investigation period to December 16, 2025, pursuant to Article 26 of the regulations. 4. Senior Colonel Wang Xuemeng, spokesperson for the Chinese Navy, stated that recently, the Chinese Navy's aircraft carrier formations, including the Liaoning and Shandong, conducted training exercises in the Western Pacific and other waters to test their capabilities in far-sea defense and joint operations. These exercises were routine training organized according to the annual plan, aimed at continuously improving mission readiness, in compliance with relevant international laws and practices, and not targeting any specific country or objective. Industry News 1. Yesterday, four automotive producers—China FAW Group Corporation, Dongfeng Motor Corporation, Guangzhou Automobile Group Co., Ltd., and Seres Group Co., Ltd.—issued statements on the same day, committing to standardize payment terms to within 60 days. 2. The State Administration for Market Regulation has solicited public comments on the "Measures for the Supervision of Live E-commerce (Draft for Comments)."It was proposed that platform operators should establish and improve platform agreement rules, and strengthen identity authentication and qualification review of live-streaming room operators, service agencies for live-streaming marketers, and live-streaming marketers. Live-streaming marketers are required to introduce products or services truthfully, accurately, and comprehensively, and must not deceive or mislead consumers. 3. Yesterday, at Yongle's 2025 Spring Auction, a LABUBU displayed as a first-generation collectible mint-green piece was ultimately auctioned off for 1.08 million yuan. It is understood that this auction was part of the world's first dedicated art auction for first-generation collectible LABUBU pieces. This LABUBU piece measures 131cm in height, is made of PVC, and is mint-green in color. It is marked as "the only one in the world" in the remarks column. 4. According to the State Taxation Administration, during the first month of the implementation of further optimized measures for the departure tax refund policy (April 27 - May 26), the number of departure tax refunds processed by tax authorities nationwide increased by 116% YoY. During the first month of the policy's implementation, 1,303 new departure tax refund stores were added nationwide, bringing the total to 5,196, which is 1.4 times the number at the end of 2024. Sales at tax refund stores increased by 56% YoY. 5. The ±800 kV UHV DC transmission project from Hami to Chongqing, undertaken by State Grid Corporation of China, commenced power transmission on June 10. This is the first UHV DC receiving project in south-west China, capable of transmitting over 36 billion kWh of electricity annually from Xinjiang to the load center in Chongqing. 6. The Nanjing Municipal Bureau of Industry and Information Technology and the Jiangbei New Area Administrative Committee jointly announced at a Nanjing Municipal Government press conference that the 2025 Nanjing Software Conference will be held in Nanjing from June 17 to 19. Themed "Empowering Industrial Software, Enabling Open Source Innovation," the conference will focus on key areas such as industrial software, information technology application innovation industry, and open source ecosystems. It will feature one main conference, four major special events, and one software park investment promotion activity. 7. The Zhengzhou Municipal Bureau of Commerce issued an announcement stating that the subsidy funds for this round of home appliance products in Zhengzhou have been fully utilized. In accordance with the principle of "first come, first served, until funds are exhausted," the application for subsidy qualification coupons for the 2025 trade-in of home appliance products will be suspended starting at 12:00 on June 11. Consumers who have already received subsidy qualification coupons for home appliance products on June 11 can still participate in the home appliance subsidy activities normally on the same day. 8. The housing provident fund management centers of six cities, namely Shenzhen, Zhuhai, Shantou, Jiangmen, Chaozhou, and Jieyang, officially signed the "Cooperation Agreement on Promoting the Coordinated Development of Housing Provident Funds." It is reported that the cities involved in this agreement will continue to accelerate the realization of a "unified city" experience for housing provident fund services within the region from four aspects, including promoting non-discriminatory services for housing provident funds across different regions and facilitating mutual recognition and interoperability of housing provident fund loans across different regions. Company News 1. Vanke A announced the first sale of 22 million A-share treasury shares, with a transaction amount of RMB 146 million. 2. Tencent Music Entertainment Group announced on the Hong Kong Stock Exchange its proposed acquisition of Himalaya Holdings, with a total cash consideration of $1.26 billion. 3. *ST Jingang announced the signing of a restructuring investment agreement with industrial investor Ouhao Group. 4. Lianhuan Pharmaceutical announced the receipt of an administrative penalty decision, with a total fine and confiscation amounting to RMB 61.0382 million. 5. Honghe Technology announced a proposed change in corporate control, and its shares will resume trading on June 11. 6. Qumei Furniture announced that Wu Nani, a director of the company, reduced her shareholding by 58,000 shares during the period of abnormal stock trading fluctuations. 7. Sugon announced that it will hold an investor briefing on major asset restructuring on June 11. 8. Beize Technology announced a strategic cooperation intention with Xingdong Jiyuan to collaborate on the application of humanoid robots in intelligent logistics scenarios. 9. Founder Tech announced a proposed private placement to raise no more than RMB 1.98 billion for the construction of an industrial base for high-density interconnect circuit boards for artificial intelligence and computing power applications. 10. Chutian Dragon released a record of investor relations activities, stating that it maintains necessary technical reserves and focuses on the underlying technologies related to stablecoins. 11. Chengdu Huawei announced the release of a 4-channel, 12-bit, 16G high-speed, high-precision RF direct-sampling ADC chip. 12. Dongfang Electric Heating Technology announced the signing of a strategic cooperation agreement with Shanghai Zhishi, a subsidiary of Xiaomi, to actively develop robotic electronic skin. Global Markets 1. The three major U.S. stock indices closed higher collectively, with the Nasdaq up 0.63%, the S&P 500 up 0.55%, and the Dow up 0.25%. Among them, the Nasdaq and the S&P 500 reached new closing highs since late February, while the Dow reached a new closing high since early March. Intel rose nearly 8%, marking its largest single-day gain in two months; Tesla rose over 5%. Circle fell more than 8%, after surging over 270% in the three days since its listing. McDonald's (MCD) closed lower for seven consecutive trading days, marking its longest losing streak since 2013. Popular Chinese ADRs had mixed performances, with the Nasdaq Golden Dragon China Index up 0.3%. Major European stock indices closed with mixed results, with the German DAX 30 down 0.69%. 2. International crude oil futures settled slightly lower. The July contract for WTI crude oil futures fell 0.47%, while the August contract for Brent crude oil futures fell 0.25%. 3. COMEX gold futures fell 0.31%, and COMEX silver futures fell 0.4%. Investment Opportunities Reference 1. Suzhou, Jiangsu, to solicit "AI+" technologies to support provincial urban football league preparations According to media reports, the Suzhou Artificial Intelligence Industry Association plans to solicit innovative products and solutions that leverage AI technologies to empower the Suzhou football team, aiming to enhance training standards and competitive performance, and assist the team in achieving outstanding results in the 2025 Jiangsu Provincial Urban Football League. The upgrade and expansion of the Suzhou Super League, along with the star power of its players, have increased the tournament's visibility. The expansion of live-streaming channels and the potential for paid broadcasts are expected to enhance commercial monetization. Coupled with the trend of multiple regions emulating the league format, these factors collectively boost the commercial value of the sports industry. Guotai Haitong Securities stated that with the advancement of AI technologies, "AI + Sports" has already been deployed in multiple segments. AI treadmills and AI strength training equipment are gradually being introduced in gyms and home settings. Against the backdrop of strong policy support, ample consumption potential, and iterative advancements in AI technology, it is recommended to focus on investment opportunities in the sports sector in 2025. 2. Another industry conference to be held, institutions say humanoid robot orders continue to grow rapidly It is reported that the 2025 (2nd) Embodied Intelligent Robot Scenario Application Ecosystem Conference will be held on June 12. Dongguan Securities stated that orders for humanoid robot manufacturers continue to grow rapidly, and a small-scale production phase may be reached in H2 2025, which will catalyze the sector's market performance. Soochow Securities believes that the mass production of humanoid robots is imminent. The current stage is comparable to the EV sector in 2014, with a decade-long industrial cycle on the verge of explosion. Shanghai Securities believes that the emergence of DeepSeek AI has driven the development of general-purpose robot large models, facilitating the realization of embodied intelligence in humanoid robots. The humanoid robot industry chain has entered a phase of "diverse and vibrant" development. Currently, humanoid robots are entering industrial scenarios, becoming a highly certain application trend both domestically and overseas. The commercialization of humanoid robots is expected, and it is recommended to focus on domestic parts producers that stand to benefit. 3. Potentially the best carrier for full integration of multimodal interaction, shipments of such products are expected to grow rapidly According to reports, Saphlux LLC has officially launched the T3-series 0.13-inch monolithic full-color MicroLED microdisplay. This product utilizes Saphlux's self-developed nanopore quantum dot technology, achieving high integration of RGB pixels through quantum dot color conversion on a single blue wafer. Currently, the company is collaborating with its partner, Leyard, to develop AR glasses based on the T1-0.13-inch monochromatic microdisplay and plans to launch a new generation of AR glasses equipped with the T3-0.13-inch full-color display by the end of 2025. Guotai Junan Securities believes that AI+AR glasses are the optimal carrier for the full integration of multimodal interaction. AI+AR glasses rely on cameras for image input and can be combined with devices such as rings, watches, and wristbands to enable various interaction methods, including voice, display, gestures, eye movements, and touch. They empower scenarios such as voice assistants, image analysis, and intelligent navigation, making them the optimal carrier for multimodal large models, and will benefit from the evolution of multimodal large models. Global shipments of AI glasses are expected to grow rapidly. 4. The industry is entering a period of explosive growth in technological integration and scenario implementation. According to media reports, in line with the requirements of the "Notice on Conducting Pilot Work for Pairing Up and Applying Intelligent Elderly Care Service Robots in Scenarios" jointly issued by the Ministry of Industry and Information Technology (MIIT) and the Ministry of Civil Affairs, MediHealth Technology is publicly recruiting 100 users to participate in the trial of elderly care robots to further promote technological innovation and application of intelligent elderly care service robots. It is reported that the company's elderly care robots have been successively signed up for use in professional elderly care and medical facilities in Shanghai, Zhejiang, and other regions. Founder Securities points out that the penetration rate of intelligent robots in the elderly care field is continuously increasing, and the market potential is vast. In 2024, the market size of the intelligent elderly care robot industry is approximately 7.9 billion yuan, with rehabilitation robots accounting for the highest proportion, approximately 45%. Emotional companion robots have the fastest growth rate, with an annual growth rate of 120%. It is expected that the market for intelligent elderly care robots will reach 50 billion yuan in 2025. The elderly care robot industry is entering a period of explosive growth in technological integration and scenario implementation. With the continuous breakthroughs in technologies such as artificial intelligence, the Internet of Things, and flexible mechanics, elderly care robots will upgrade from single-function to multimodal interaction and embodied intelligence, achieving more accurate health monitoring, more natural companion interactions, and safer physical assistance.

SMM 2025 Global Battery Technology Conference Conference Date August 21-22, 2025 In response to climate change, countries worldwide have set carbon neutrality targets to promote the transition of energy structures towards clean energy. The intermittency and volatility of renewable energy sources have imposed higher requirements on energy storage. As a key technology for energy storage, battery technology has become increasingly important. In recent years, new-type battery technologies such as lithium-ion batteries, solid-state batteries, and sodium-ion batteries have continuously emerged, with key indicators such as energy density, safety, and cycle life continuously improving, providing strong impetus for the development of fields such as electric vehicles (EVs), energy storage systems (ESS) power stations, and consumer electronics. The battery industry chain involves multiple links, including resources, materials, manufacturing, and applications, requiring the concerted efforts of experts from various countries and fields worldwide to jointly overcome technical challenges and promote the healthy development of the industry. Against this backdrop, SMM is organizing the inaugural 2025 SMM Global Battery Technology Conference , scheduled for August 21-22, 2025, to invite partners from various links of the battery industry chain, covering manufacturing enterprises of sodium-ion batteries, lithium batteries, solid-state batteries, and lead-acid batteries, aiming to "cover the entire battery industry chain"! The conference will focus on six key areas ▲ Discussion and exchange on cutting-edge battery technologies ▲ New battery equipment ▲ Latest progress in technology, materials, and equipment for solid-state batteries ▲ Analysis of sodium-ion battery application technologies and implementation prospects ▲ Sharing of research progress on lightweight, high-energy-density materials for batteries Conference Agenda Battery Equipment Forum 14:00-14:30 Innovation in Lead-Acid Battery Plate Manufacturing Equipment: Optimization of High-Speed Plating and Curing Processes Guest Speaker (pending): Lina Wang, President of Fengfan Battery Research Institute, Expert in Lead-Acid Battery Technology 14:30-15:00 Revolution in Lead-Acid Battery Formation Process Equipment: Intelligent Charging/Discharging and Energy Consumption Control Guest Speaker (pending): To be determined 15:00-15:30 Application of AI Vision Inspection in Lead-Acid Battery Production: Identification of Plate Defects and Leakage Guest Speaker (pending): Hua Zhou, Chief Technical Engineer of Haibao Battery, Expert in Intelligent Inspection Technology 15:30-16:00 Panoramic View of Differences in Lithium/Sodium/Solid-State Battery Equipment: From Material Handling to Packaging and Testing Guest Speaker (pending): Kai Wu, Chief Manufacturing Officer of CATL 16:00-16:30 Analysis of Compatibility between Sodium-Ion Battery and Lithium Battery Equipment: Retrofitting or Building New Production Lines? Guest speaker (pending): Yongsheng Hu, Founder of HiNa Battery and Pioneer in Sodium-ion Battery Industrialisation 16:30-17:00 Mass Production Equipment for High-Nickel/Silicon-Based Anode Batteries: Process Breakthroughs from Slurry Mixing and Coating to Pole Piece Rolling Guest speaker (pending): Shilin Huang, Co-founder of CATL and Senior Expert in Lithium Battery Equipment Main Forum 09:00-09:20 Latest Breakthroughs in High-Energy-Density Battery Materials: From Solid-State Electrolytes to Silicon-Based Anodes Guest speaker (pending): Minggao Ouyang, Academician of the Chinese Academy of Sciences 09:20-09:35 Commercialisation Pathways for Sodium-Ion Battery Materials: Balancing Cost and Performance Guest speaker (pending): Yongsheng Hu, Researcher at the Institute of Physics, Chinese Academy of Sciences and Leader in the Sodium-Ion Battery Field 09:35-10:10 Technological Evolution of ESS Batteries in the Context of New Power Systems Guest speaker: Xianghui Meng, Chairman of Aoguan Group 10:10-10:35 Preparation Technology and Applications of High-Capacity, High-Safety Aluminum-Based Lead-Carbon Long Duration Energy Storage (LDES) Batteries Guest speaker: Zhongcheng Guo, Professor at Kunming University of Science and Technology 10:35-11:00 New Electrolyte Systems: Breakthroughs from Liquid to Quasi-Solid-State 11:00-12:00 Roundtable Discussion: Exploring the Possibility of Standardising the Entire Lead-Acid Battery Industry 13:30-13:55 Global Competitive Landscape of Power Battery Materials: A Comparison of Technological Routes in China, Japan, South Korea, and Europe Guest speaker (pending): Yu Wang, Chairman of Farasis Energy and Senior Expert in the Battery Industry 13:55-14:20 New Processes in Lead-Acid Battery Manufacturing: Numerical Simulation and Its Implications Guest speaker: Lixu Lei, Professor at Southeast University 14:20-14:45 High-Power Lead-Carbon Battery Technology: Selection and Composite Processes of Capacitor Carbon Materials Guest speaker (pending): Zhiping Chen, Vice President of Narada Power Research Institute 14:45-15:10 Development and Industrial Application of Low-Cost Reed-Based Hard Carbon Anodes for Sodium-Ion Batteries Guest speaker: Lei Zhang, Associate Professor at Central South University 15:10-15:35 Upgrading of AGM Separator Materials: Composite Technology of Ultra-Fine Glass Fibers and Modified PE Guest speaker (pending): Shijun Yang, Technical Vice President of Leoch International 15:35-16:00 Breakthroughs in Lead-Carbon (Lead-Carbon) Batteries in the ESS Sector Representative Companies Huayu New Energy Technology Co., Ltd. Shandong Kangyang Power Co., Ltd. Breton Technology Co., Ltd. Leoch International Technology Co., Ltd. Tianneng Battery Group Co., Ltd. Chilwee Power Group Co., Ltd. Fengfan Co., Ltd. Chilwee Power Group Co., Ltd. Guangzhou Automobile Group Co., Ltd. Hebei Aoguan Power Co., Ltd. Changxing Nuoli Power Co., Ltd. Guizhou Hangsheng Lithium Energy Technology Co., Ltd. Camel Group Co., Ltd. Jujuang Power Group Co., Ltd. Hebei Jinli New Energy Technology Co., Ltd. Hengyang Ruida Power Co., Ltd. Zhejiang Just Electrical Appliances Co., Ltd. Chery Jaguar Land Rover Automotive Co., Ltd. Jiangsu Haibao Battery Technology Co., Ltd. Wanxiang A123 Systems Co., Ltd. Shanghai Cairi Energy Technology Co., Ltd. Xupai Power Co., Ltd. Shenzhen Senior Technology Material Co., Ltd. Huawei Technologies Co., Ltd. Shuangdeng Group Contemporary Amperex Technology Co., Limited Shanghai Yuling New Energy Technology Co., Ltd. Jiangxi Jingjiu Power Technology Co., Ltd. SEVB Shenzhen Sanxing Feirong Machinery Co., Ltd. Shandong Sacred Sun Power Sources Co., Ltd. Beijing HyperStrong Technology Co., Ltd. Shenzhen Senior Technology Material Co., Ltd. Shandong Yineng Power Co., Ltd. Beijing Wanlong Jingyi Guidance Control Technology Co., Ltd. Shenzhen Topband Co., Ltd. Jiangsu Xiangying New Energy Technology Co., Ltd. Zhejiang Qingna Technology Co., Ltd. Xilong Scientific Co., Ltd. Jiangsu Zhongna Energy Technology Co., Ltd. Veken Technology Co., Ltd. Shanghai Xilong Chemical Co., Ltd. Shenzhen Jiana Energy Technology Co., Ltd. Jiangsu Highstar Battery Manufacturing Zhejiang Wynca Group Co., Ltd. Huzhou Yingna New Energy Materials Co., Ltd. Guangdong Nayi New Energy Technology Co., Ltd. Zhejiang Narada Power Source Co., Ltd. Chengdu BSG Technology Co., Ltd. Hangzhou Tianfeng Power Co., Ltd. China Changan Automobile Group Co., Ltd. Guangdong Rongna New Energy Technology Co., Ltd. Huzhou Chaona New Energy Technology Co., Ltd. Duozhu Technology (Wuhan) Co., Ltd. Shenzhen BTR Sodium New Energy Materials Technology Co., Ltd. Chengxin Lithium Group Co., Ltd. Shandong Lingyishi Advanced Materials Co., Ltd. Shenzhen Chengtun Group Co., Ltd. Hunan Lifepo4 New Energy Technology Co., Ltd. Suzhou Qingtao New Energy Technology Co., Ltd. Wuxi Paragonage New Energy Co., Ltd. Tianmu Lake Advanced Energy Storage Technology Research Institute Co., Ltd. East Group Co., Ltd. Tianneng Battery Group Co., Ltd. Beijing HiNa Battery Technology Co., Ltd. Wuhan Topmaterial Technology Co., Ltd.

[GAC Group: Automobile Production Down 9.14% YoY and Sales Down 25.37% YoY in July] Guangzhou Automobile Group Co., Ltd. (GAC Group) announced that its automobile production in July 2024 reached 156,816 units, a year-on-year decrease of 9.14%, with cumulative production for the year reaching 1,016,286 units, a year-on-year decrease of 25.79%. In July, automobile sales totaled 141,196 units, down 25.37% year-on-year, with cumulative sales for the year reaching 1,004,234 units, a year-on-year decrease of 25.83%. Among them, new energy vehicle production and sales were 34,890 units and 33,880 units, respectively, representing a year-on-year decrease of 26.31% and 32.15%.

In this episode of the Wheels of Change: Stories of Chinese Auto Giants series, we will explore the growth journey of Guangzhou Automobile Group Co.Ltd (GAC).

Hao Bo brand announced that the all-solid-state battery is set to be released, using 100% solid-state electrolyte, with high energy density, strong safety, and wide temperature range characteristics. This technology has transitioned from the laboratory to mass production applications. Guangzhou Automobile Group announced a breakthrough in all-solid-state battery technology at last year's Guangzhou Auto Show and plans to mass produce it by 2026, with Hao Bo being the first to adopt it. GAC Aion Lab has completed experimental verification of solid-state battery interface modification technology, reducing aging and maintaining battery capacity at over 90% after cycling. CCTV reported that the energy density of GAC Aion's solid-state battery has been increased from 300Wh/kg to 350Wh/kg, providing 3 times the energy in the same weight compared to conventional liquid batteries. This all-solid-state electrolyte product has appeared on the market ahead of schedule and has broken traditional perceptions of solid-state batteries.

With Gasgoo Daily, we will offer daily important automotive news in China.

Chinese urban air mobility (UAM) technology firm EHang announced a strategic collaboration with GAC Group, Guangzhou authorities to propel UAM.

Feng Xingya, general manager of Guangzhou Automobile Group, said at the Shanghai Auto Show that the competition in the auto market this year is more intense than expected, and the growth rate of the auto market is slower than expected.