The 2026 SMM Tier1 List was officially unveiled at the banquet of the CLNB 2026 (the 11th New Energy Industry Chain Expo) , organized by Shanghai Metals Market (SMM). This conference, held at Suzhou International Expo Center, China from April 8-10, 2026, served as the premier platform for advancing the global clean energy ecosystem. SMM Global Tier 1 Supplier Rankings In 2022, China's new energy industry chain accelerated its expansion, while overseas automakers and energy storage enterprises saw surging demand for Chinese supply chains. Coupled with information barriers caused by the pandemic, the international market urgently needed an objective and fair benchmark to bridge the two-way needs between Chinese enterprises going global and overseas clients optimizing their supply chains. Leveraging long-term data accumulation and professional research on the entire new energy industry chain, the SMM TIER 1 list emerged to meet this demand and was officially launched for the first time in 2023 . SMM Global Tier 1 Supplier Rankings , launched by SMM , serves as a global benchmark for the new energy industry. Centered on "transparent methodology + independent auditing," it incorporates third-party verification from institutions like Dun & Bradstreet and SGS to establish globally comparable industry standards. After years of refinement, the list now covers 10+ sub-sectors , including energy storage, lithium battery, and PV, etc., gaining widespread recognition from global industry chain clients. It has become a core reference for international market collaboration, serving as both a "golden benchmark" for industrial strength and a vital bridge for global resource alignment. 2026 SMM Global Tier 1 Supplier Rankings (The following enterprises are listed in no particular order) Analyst Views on Energy Storage Battery Cells Utility Storage Flourishes, Chinese Players Dominate BTM (Behind-the-Meter) Storage Storage Unlocks a Second Growth Curve for the Energy Storage Market Fast-Growing Enterprises Make Breakthrough, New and Established Players Jointly Form a Positive Market Landscape Representative Enterprises of Utility Energy Storage Battery Cell Contemporary Amperex Technology Co., Limited BYD Company Limited EVE Energy Co., Ltd. REPT Battero Energy Co., Ltd. Gotion High-tech Co., Ltd. Xiamen Hithium Energy Storage Technology Co., Ltd. CORNEX New Energy Co., Ltd. Zhejiang Narada Power Source Co., Ltd. CALB Technology Group Co., Ltd. Guangzhou Great Power Energy Technology Co., Ltd. SEVB Guangzhou Rongjie Energy Technology Co., Ltd. Jiangxi Ganfeng LiEnergy Technology Co., Ltd. Shenzhen Pengcheng Unlimited New Energy Co., Ltd. Envision Dynamics Technology(Jiangsu) Co., Ltd. SVOLT Energy Technology Co., Ltd. China Automotive New Energy Battery Technology Co., Ltd. Representative Companies for BTM (Behind-the-Meter) Storage Cells REPT Battero Energy Co., Ltd. Guangzhou Great Power Energy Technology Co., Ltd. EVE Energy Co., Ltd. Pylon Technologies Co., Ltd Xiamen Ampace Technology Co., Ltd. Gotion High-tech Co., Ltd. Representatives of Fast-Growing Battery Cell Enterprises Guangzhou Great Power Energy Technology Co., Ltd. Guoke Energy (Chuzhou) Co., Ltd. CORNEX New Energy Co., Ltd. China Automotive New Energy Battery Technology Co., Ltd. Analyst Views on Energy Storage Integration Grid-Forming Technology Consolidates the Foundation of New-Type Power Systems Power Generation and Grid Side Forge the Global Benchmark Echelon for Utility-Scale Energy Storage Integration Expansion of Behind-the-Meter (BTM) Scenarios Pioneer New Growth Space for Distributed Energy Storage Representative Enterprises of Grid-Forming ESS Technology Nanjing NR Electric Co., Ltd. Huawei Digital Power Technologies Co., Ltd. Sungrow Power Supply Co., Ltd. Xiamen Kehua Digital Energy Technology Co., Ltd. Power Generation and Grid-Side ESS Integrators Canadian Solar Inc. Xyz Storage Technology Corp. Ltd. RCT POWER Sungrow Power Supply Co., Ltd. Beijing HyperStrong Technology Co., Ltd. CRRC ZHUZHOU ELECTRIC LOCOMOTIVE RESEARCH INSTITUTE CO.,LTD. Envision Energy Co., Ltd. Risen Energy Co., Ltd. China Electric Equipment Group Energy Storage Technology Co., Ltd Guangzhou Zhiguang Electric Co., Ltd. BYD Energy Storage Co., Ltd. Huawei Digital Power Technologies Co., Ltd. Jinko Solar Co., Ltd. Sieyuan Electric Co., Ltd. Shanghai Robestec Energy Co., Ltd. Contemporary Amperex Technology Co., Limited Nanjing NR Protection Electric Co., Ltd. TrinaSolar Co., Ltd. Behind-the-Meter (BTM) ESS Integrators Weiheng Intelligent Technology Co., Ltd. Shanghai Hoenergy Power Technology Co. Ltd. Xi'an JD Energy Co., Ltd. Huawei Digital Power Technologies Co., Ltd. Fox Ess Co.,Ltd Sungrow Power Supply Co., Ltd. Shanghai Robestec Energy Co., Ltd. Sigenergy Technology Co., Ltd. Xiamen Ampace Technology Co., Ltd. Pylon Technologies Co., Ltd. Suzhou PotisEdge Co., Ltd. Wanbang Digital Energy Co., Ltd. Ningbo Deye Technology Co., Ltd. Shenzhen ATESS Power Technology Co., Ltd. Analyst Viws on PV Industry Technology Leadership, Global Benchmark Full-Chain Layout, Scale-Driven Leadership Inverter Suppliers Sungrow Power Supply Co., Ltd. Huawei Digital Power Technologies Co., Ltd. Zhuzhou CRRC Times Electric Co., Ltd. TBEA Co., Ltd. Shanghai Chint Power Systems Co., Ltd. Ginlong Technologies Co., Ltd. GoodWe Technologies Co., Ltd. Xiamen Kehua Digital Energy Technology Co., Ltd. Shenzhen Kstar Science & Technology Co., Ltd. Shandong Huadian Energy Saving Technology Co., Ltd. Beijing SOJO Electric Co., Ltd. SolaX Power Network Technology (Zhejiang) Co., Ltd. Sigenergy Technology Co., Ltd. PV Module Suppliers LONGi Green Energy Technology Co., Ltd. Jinko Solar Co., Ltd. TrinaSolar Co., Ltd. JA Solar Technology Co., Ltd. Tongwei Co., Ltd. Chint New Energy Technology Co., Ltd. GCL SI Technology Co., Ltd. Hengdian Group DMEGC Magnetics Co., Ltd. Canadian Solar Inc. TCL Zhonghuan Energy Technology (Jiangsu) Co., Ltd. Yingli Solar Energy Development Co., Ltd. Risen Energy Co., Ltd. Shanghai AIKO New Energy Co., Ltd. Suzhou Jolywood Solar Technology Co., Ltd. DAS Solar Energy Technology Co., Ltd. SolarSpace Ningbo Ulica Solar Co., Ltd. ZNShine PV-Tech Co., Ltd. AE Solar Solar Tracker Suppliers Jiangsu Guoqiang Xingsheng Energy Technology Co., Ltd. Arctech Solar Antai New Energy ESET Solar Trina Tracker VG Solar Array Technologies Antai New Energy Versol Solar Hangzhou Huading New Energy Co., Ltd. Analyst Views on Advanced Equipment Battery manufacturing equipment enterprises forge core process for lithium battery mass production Material manufacturing equipment manufacturers build a solid foundation for efficient production across the industry chain Battery Manufacturing Equipment Enterprises Wuxi Lead Intelligent Equipment Co., Ltd. Suzhou Maxwell Technologies Co., Ltd. Shenzhen Yinghe Technology Co., Ltd. Shenzhen S.C New Energy Technology Co., Ltd. Zhejiang Hangke Technology Co., Ltd. Wuxi Autowell Technology Co., Ltd. Guangdong Lyric Robot Automation Co., Ltd. Yingkou Jinchen Machinery Co., Ltd. Shenzhen Colibri Technologies Co., Ltd. Shenzhen Kstar Science & Technology Co., Ltd. Fujian Nebula Electronics Co., Ltd. Mikrouna (Shanghai) Intelligent Technology Ltd. Shenzhen Manst Technology Co., Ltd. Ningde Sike Qi Intelligent Equipment Technology Co., Ltd. Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. Shenzhen Geesun Intelligent Technology Co., Ltd. Material Manufacturing Equipment Enterprises Jiangsu Myande Energy-saving Evaporation Equipment Co., Ltd. Jiangsu Huahong Environmental Protection Equipment Co., Ltd. Hengli Eletek Co.,Ltd Enerpat (Jiangsu) Environmental Co., Ltd. Energy Digital Manufacturing (Xi'an) Technology Co., Ltd EFALI Pump Industry(Guangdong) Co.,Ltd Guangdong Yifu Intelligent Equipment Co., Ltd. Ningbo Kio Flow Instruments Co., Ltd. Shijiazhuang Dingwei Chemical Equipment Engineering Co., Ltd. Gaodao Sealing Technology (Suzhou) Co., Ltd. RIGHTLEDER (Shanghai) Technology Co., Ltd. Guizhou micro-chemical Technology Co., Ltd. Zhongyu (Tianjin) New Energy Technology Co., Ltd. Changzhou Primary Equipment Co., Ltd. Jiangxi RONT Environmental Protection Equipment Co., Ltd. Ningbo Souwest Magnetech Development Co., Ltd. Hebei Yanming Chemical Equipment Co., Ltd. Analyst Views on Iron Phosphate LFP Core Precursor, Cornerstone of the Lithium Battery Industry Chain Ammonium Process for Market Stability, Iron Process for Cost Reduction, Multiple Processes in Parallel Technology Iteration Drives Cost Reduction, Consolidating a Stable Supply Chain Foundation Representative Enterprises of the Ammonium Process Route Guangzhou Tinci Materials Technology Co., Ltd. Guizhou Hention New Energy Materials Co., Ltd. Guizhou Yayou New Materials Co., Ltd. Hubei Xingyou New Energy Technology Co., Ltd. CNGR Advanced Material Co., Ltd. Guizhou Phosphate Chemical New Energy Technology Co., Ltd. Hunan Yacheng New Energy Co., Ltd. Representative Enterprises of the Iron Process Route Shandong Tsaker New Material Co., Ltd. Yuntu New Energy Materials (Jingzhou) Co., Ltd. Tangshan Hengkun New Energy Materials Co., Ltd. Representative Enterprises of the Sodium Process Route Henan Baili New Energy Materials Co., Ltd. Tongling Nayuan Materials Technology Co., Ltd. Analyst Views on LFP The Dominant Material in Both Energy Storage and NEV Markets Leading Across Multiple Technology Routes, Chinese Enterprises Setting Global Benchmarks Supporting the Scaling and High-Quality Development of the New Energy Industry Representative Enterprises of the Iron Phosphate Process Hunan Yuneng New Energy Battery Materials Co., Ltd. Hubei Wanrun New Energy Technology Co., Ltd. Zhejiang Youshan New Material Technology Co., Ltd. Shandong Fengyuan Lithium Energy Technology Co., Ltd. Changzhou Liyuan New Energy Technology (LBM) Co., Ltd. Guizhou Anda Technology Energy Co., Ltd. Hubei Rongtong High-tech Advanced Materials Group Co., Ltd. Gotion High-tech Co., Ltd. Representative Enterprises of Ferrous Oxalate Method Fulin Precision Machining Co., Ltd. Hunan Pengbo New Material Co., Ltd. Representative Enterprises of Liquid-Phase Method Shenzhen Dynanonic Co., Ltd. Representative Enterprises of Iron Oxide Red Method Sichuan GCL Lithium Battery Technology Co., Ltd. Analyst Views in Ternary Cathode Core Material for High-End Power, Accelerating High-Nickel Technology Iteration Deepening Integrated Resource Layout, Leading Global Industry Direction Enabling Long Driving Range and High-End Upgrades for NEVs Representative Enterprises of Ternary Cathode Material Gansu Jinchuan Reshine New Material Co., Ltd. Tianjin B&M Science and Technology Co., Ltd. Ningbo Ronbay New Energy Technology Co., Ltd. Guangdong Brunp Recycling Technology Co., Ltd. Minmetals New Energy Materials (Hunan) Co., Ltd. Tianjin Guoan Mengguli New Materials Science&Technology Co., Ltd. Yibin Libao New Materials Co., Ltd. Analyst Views on Anode Materials Industry Leaders Drive Iteration More New Players Emerge Industry Upgrades Accelerate Anode Material Enterprises Tianmulake Excellent Anode Materials Co., Ltd. Lanxi Zed New Energy Materials Co., Ltd. Anhui Iametal New Energy Technology Co., Ltd. BTR New Material Group Co., Ltd. Shanghai Shanshan Technology Co., Ltd. Shijiazhuang Shangtai Technology Co., Ltd. Guangdong Kaijin New Energy Technology Co., Ltd. Hunan Zhongke Shinzoom Co., Ltd. Jiangxi Zichen Technology Co., Ltd. Shinghwa Advanced Material Technology (Meishan) Co., Ltd. Analyst Views on Solid-State Battery Industry Next-Generation Battery Technology, Semi-Solid-State Mass Production Accelerates Full Supply Chain Matrix Takes Initial Shape, Ushering in a New Era of Diversified Application Scenarios Representative Enterprises of Solid-State Battery Technology Contemporary Amperex Technology Co., Limited Qingtao (Kunshan) Energy Development Group Co., Ltd. Beijing WELION New Energy Technology Co., Ltd. China Automotive New Energy Battery Technology Co., Ltd. Zhejiang FunLithium New Energy Technology Co., Ltd. Hytzer New Energy (Changzhou) Co., Ltd. Representative Enterprises of Solid-State Electrolyte Shanghai Emperor of Cleaning Hi-Tech Co., Ltd. Liyang CASOL Energy Technology Co., Ltd Zhejiang FunLithium New Energy Technology Co., Ltd. LionGo (Changzhou) New Energy Co., Ltd. Guangzhou Tinci Materials Technology Co., Ltd. Analyst Views on Sodium-Ion Battery Industry An Emerging Force in Energy Storage and Low-Speed Mobility, with Prominent Cost Advantages Self-Controlled Entire Industry Chain, Scaled Capacity Release Forging a Globally Leading Sodium-Ion Battery Industry Landscape Representative Enterprises of Sodium-Ion Battery Cells Shanxi Huana Xinneng Technology Co., Ltd. Highstar Sodium Battery (Guangdong) Co., Ltd. Veken Technology.,Ltd. Jiangsu Pylon Battery Co., Ltd. Jiangsu Yingong Technology Co., Ltd. Shuangdeng Group Co., Ltd. Beijing Zhongke Hai Na Technology Co., Ltd. Chaowei Power Group Co., Ltd Representative Enterprises of Sodium-Ion Battery Anode Chengdu Best Technology Co., Ltd. Guangdong Rongna New Energy Technology Co., Ltd. Wuhan Tianna Technology Co., Ltd. Zhuhai Nagan New Energy Technology Co., Ltd. Hunan Nake New Materials Co., Ltd. Representative Enterprises of Sodium-Ion Battery Cathode Materials Ningbo Ronbay New Energy Technology Co., Ltd. Jiangsu Zoolnasm Energy Technology Co., Ltd. Shenzhen Jiana Energy Technology Co., Ltd. Xiamen Xingrong New Energy Technology Development Co., Ltd. Huzhou Yingna New Energy Materials Co., Ltd. Yibin Tianyuan Lithium Battery New Materials Co., Ltd. Anhui Xinna New Materials Technology Co., Ltd. Zhejiang NaTRIUM Energy Co., Ltd. Representative Enterprises of Sodium-Ion Battery Electrolyte Zhuhai Smoothway Electronic Materials Co., Ltd. LionGo (Changzhou) New Energy Co., Ltd. Huzhou Kunlun Power Battery Materials Co., Ltd. Analyst Views on Recycling Industry Core Carrier of Lithium Battery Green Recycling, Key Support for Dual-Carbon Strategy Full Value Chain Taking Shape, Integrated Leaders Driving Closed-Loop Development Facilitating Sustainable Development Across the Full Life Cycle of the Lithium Battery Industry Representative Enterprises in Lithium Battery Recycling Guangdong Brunp Recycling Technology Co., Ltd. Zhejiang Huayou Recycling Technology Co., Ltd. GEM Co., Ltd. Shenzhen Sunwoda Recycled Materials Co., Ltd. Anhui Nandu Huabo New Materials Technology Co., Ltd. Anhui Xunying New Energy Group Co., Ltd. Wuhan Power Battery Regeneration Technology Co., Ltd. Shenzhen Jiecheng New Energy Technology Co., Ltd. Anhui Hengchuangruineng Environmental Protection Technology Group Co., Ltd. Jiujiang Tinci Resource Recycling Technology Co., Ltd. Jiangxi Ganfeng Circular Technology Co., Ltd. Ganzhou Longkai Technology Co., Ltd. Shangrao Huanli Circular Technology Co., Ltd. Ganzhou Tengyuan Cobalt New Materials Co., Ltd. Zhejiang Tianneng New Materials Co., Ltd. Guangdong Fangyuan New Material Group Co., Ltd. Guizhou CNGR New Energy Technology Co., Ltd. Hunan Keyking Recycling Technology Co., Ltd. Shandong Meiduo Technology Co., Ltd. Anhui Nandu Huabo New Materials Technology Co., Ltd. Shanxi Yaxin Green Qingyuan Circular Technology Co., Ltd. Henan Zhongxin New Materials Co., Ltd. At the banquet on the first day of the CLNB 2026 (The 11th New Energy Industry Chain Expo), Zhengyong Huang, Deputy General Manager of the Iron Phosphate Division of Guangzhou Tinci Materials Technology Co., Ltd., and Liang Liu, Deputy General Manager of the Energy Storage Division of REPT Battero Energy Co., Ltd., took the stage to receive the awards on behalf of the award winning enterprises. Shirley Wang, Vice President of SMM, presented awards to the winners! SMM congratulates the above award-winning enterprises and thanks all industry peers for their support!

Liyuan Information's subsidiary Wuhan Xinyuan Semiconductor issued a price adjustment notice, stating that starting from May 6, 2026, Wuhan Xinyuan Semiconductor will implement a new pricing system for its entire product lineup, and all product prices will need to be renegotiated. Xinyuan Semiconductor stated that core upstream raw materials in the semiconductor industry chain, such as wafers and packaging & testing, have continued to rise recently, and industry capacity supply is tight. The original prices can no longer support subsequent capacity assurance and product delivery.

[A lithium-ion ESS battery cell project lands in Mianyang, Sichuan] Recently, the project of Mianyang Liyuan New Energy Co., Ltd. in Yanting County, with an annual output of 12 million lithium-ion ESS battery cells, has been approved, and the Yanting County Ecological Environment Bureau has publicized the project's environmental impact assessment documents. Information shows that the project's construction unit is Mianyang Liyuan New Energy Co., Ltd., with a project investment of 50 million yuan. Within the existing factory premises, more than 100 sets of intelligent equipment, including fully automatic mixers, fully automatic coating machines, fully automatic winding machines, fully automatic assembly lines, and electrolyte injection machines, will be purchased to form an annual production capacity of 12 million lithium-ion ESS battery cells.

[Lopal: Signs RMB5 Billion LFP Cathode Material Sales Contract with Eve Energy Malaysia Sdn. Bhd.] Lopal announced that its holding subsidiary, Liyuan (Asia Pacific), has signed a Production Pricing Agreement with Eve Energy Malaysia Sdn. Bhd. It is expected to sell 152,000 mt of LFP cathode materials to Eve Energy and its affiliates from 2026 to 2030, with the total contract sales amount expected to exceed RMB5 billion.

①Lopal Technology's overseas factory secured a "major order" worth 5 billion, with the client, Eve Energy, being an overseas subsidiary of EVE, a top-tier battery enterprise. ②In fact, Lopal Technology has recently been frequently increasing investment and introducing investors in its Indonesian factory.

[Signing of Cooperation Agreement for 150,000 mt of LFP Cathode Materials] On May 22, Changzhou Liyuan New Energy Technology Co., Ltd., a subsidiary of Lopal, and CORNEX New Energy Co., Ltd. officially signed a "Strategic Cooperation Agreement" at CORNEX's global headquarters. According to the agreement, CORNEX New Energy will purchase a total of 150,000 mt of LFP cathode materials from Liyuan Technology from 2025 to 2029, with the total contract value expected to exceed 5 billion yuan.

The progress of the recall incident this week is as follows:

[Jiyao Tongxing, a battery company under Geely Group: Expected to achieve a battery capacity of 70 GWh by 2027] Zheng Xin, Vice President and Chief Strategy Officer of Geely Holding Group, as well as CEO of Jiyao Tongxing, stated that Jiyao Tongxing will achieve a battery capacity of 70 GWh by 2027, with eight production sites in Tonglu, Quzhou, Jianhu, Ganzhou, Shangrao, Yingtan, Ningguo, and Zaozhuang. In terms of business model, Jiyao Tongxing will strive to explore vehicle-battery separation and battery swapping models, and establish a battery bank. Note from Xiaocai: Zhejiang Jiyao Tongxing Energy Technology Co., Ltd. ("Jiyao Tongxing" for short) is the main entity for Geely Holding Group's battery business. (Cailian Press) [Zhang Jinhua of China SAE: Strengthen OTA Upgrade Management and Clarify Corporate Safety Responsibilities] Zhang Jinhua, President of the China Society of Automotive Engineers (China SAE), pointed out in an article that with the accelerated integration of electrification, intelligence, and connectivity in the automotive industry, significant changes have occurred in the form of automotive products, and automotive software online upgrades (OTA upgrades) have been gradually widely applied in intelligent connected vehicle products. On the one hand, OTA upgrades can rapidly iterate product functions, optimize product performance, enhance user experience, and reshape product development models, becoming an important means for automotive producers to provide value-added services to consumers and enhance product competitiveness. On the other hand, unlike ordinary electronic consumer goods, automotive OTA upgrades, if lacking necessary supervision, may pose safety risks to vehicle operation and even endanger public safety. Zhang Jinhua stated that strengthening the management of automotive OTA upgrades and clarifying corporate safety responsibilities will provide important support for safeguarding the legitimate rights and interests of consumers and social public safety. (Cailian Press) [Li Auto: The refreshed car models will return to a monthly sales level of 50,000 units, and sedan products will be launched based on market demand] The management of Li Auto stated during the Q1 earnings call that after the launch of the refreshed Li Auto car models, weekly sales have exceeded 10,000 units. As of May, the market share in the market segment above 200,000 yuan is 14.7%. Li Auto is confident that the refreshed car models will soon return to a monthly sales level of 50,000 units. After Li Auto's extended-range and pure electric SUVs, as well as the Li Auto MEGA, support an annual revenue of 300 billion yuan, MPV and sedan products will be launched based on market demand to meet the needs of the domestic market as well as important overseas markets. (Cailian Press) [CATL Signs Strategic Cooperation Framework Agreement with Lanzhou for Zero-Carbon City] On May 29, CATL and the Lanzhou Municipal People's Government officially signed a strategic cooperation agreement. The two sides will deepen cooperation in three major areas: the construction of the aftermarket for new energy batteries, the electrification upgrade of comprehensive transportation, and the establishment of a zero-carbon city ecosystem. The two parties will also establish a zero-carbon urban ecosystem, integrating PV, ESS, and intelligent management technologies to create zero-carbon parks and build industries such as virtual power plants. They will construct city-level integrated demonstration stations for "PV, ESS, charging/swapping, and inspection". They will explore policies for the recycling of end-of-life batteries, jointly establish a battery recycling system and collaborative processing bases, and form a closed-loop value chain covering the entire life cycle. (Science and Technology Innovation Board Daily) [Zhonglun New Materials: BOPA film for solid-state batteries is in the early market promotion stage] Zhonglun New Materials stated on an interactive platform that the company's lithium battery film products, as the core substrate for pouch lithium battery aluminum-plastic films, have taken the lead in achieving localisation substitution and stable mass production. They have successfully entered the supply chain systems of domestic mainstream aluminum-plastic film producers such as Zijiang New Materials, PTL, and Crown. Recently, the company's R&D on BOPA film for solid-state batteries has achieved key breakthroughs. This product can be applied in the solid-state battery field through aluminum-plastic films and is currently in the early market promotion stage. (Finance News) [Lopal: Plans to increase capital investment by RMB370 million in its holding subsidiary Changzhou Liyuan] Lopal (603906.SH) announced that the company plans to use 80% of the funds raised from issuing H shares to increase capital investment in its holding subsidiary Changzhou Liyuan, with the amount equivalent to RMB369.7056 million. Of this, RMB55.5129 million will be credited to the registered capital, and the remaining RMB314.1927 million will be credited to the capital reserve. After the capital increase is completed, Changzhou Liyuan's registered capital will increase to RMB834.1276 million, and it will remain a holding subsidiary of the company. Changzhou Liyuan plans to use the increased capital to invest an additional $14 million in its holding grand subsidiary LBM NEW ENERGY (AP) PTE. LTD. This capital increase constitutes a related-party transaction and still needs to be submitted to the shareholders' meeting for approval. (Finance News) Related readings: [SMM Analysis] REPT Battero and Hyosung Heavy Industries reach a 2.5GWh ESS strategic cooperation [SMM Weekly Review] The lithium carbonate market remains weak, with supply-demand imbalance and weakening costs leading to continued price declines [SMM Analysis] Domestic lithium carbonate imports in April 2025 released April battery material import and export data released: Both spodumene and lithium carbonate imports increased, with the latter's exports surging! [SMM Special Report] Cobalt product quotes collectively decline, with refined cobalt falling by RMB6,200 and cobalt smelters' willingness to sell increasing [Weekly Observation] Spot price of refined cobalt falls [SMM Weekly Review of Refined Cobalt Market] [SMM Weekly Review] Lithium carbonate prices continue to decline, with the short-term market still under pressure [SMM Analysis] Can titanium-doped iron phosphate be the perfect upgrade for the high-end development path? [SMM Analysis] China's lithium hydroxide exports reached 4,222 mt in April, basically flat MoM [SMM Analysis] China's imports of cobalt intermediate products increased slightly in April [SMM Analysis] Both China's unwrought cobalt exports and imports surged in April 2025 [SMM Analysis] China's total spodumene imports amounted to 623,000 mt in April, up 16.5% MoM [SMM Analysis] Both China's artificial graphite imports and exports increased MoM in April [SMM Data] LiPF6 import and export data for April 2025 [SMM Analysis] Analysis of ternary cathode precursor exports in April [SMM Analysis] Ternary cathode import and export volumes for April released, with imports up 37% MoM and exports up 13% MoM [SMM Announcement] Adjustments to weekly lithium carbonate data points before and after the Labour Day holiday Driven by multiple positive factors! The auto parts sector surged with over 12 stocks hitting daily limits! [Hot Stocks] Refined cobalt prices slightly recovered, while Co3O4 prices continued to decline. The market awaits the aftermath of the DRC's June ban. [Weekly Observations] [SMM Industry Insights] Global cobalt industry chain changes and Chinese market outlook following the DRC's cobalt export ban - Key points from the special speech by Wang Cong, General Manager of SMM Industry Research Tariff suspension spurs lithium carbonate futures to rise over 3%. Can the expectation of a rush in exports help lithium carbonate "stand up"? [SMM Flash News] Retail sales growth of passenger vehicles in April hit a new decade-high, with auto production and sales exceeding 10 million units in the first four months! [SMM Special Report]

[5.3 Lithium Battery News Flash] ► Jiyao Tongxing, a battery company under Geely Group: Expected to achieve a battery capacity of 70 GWh by 2027 ► Zhang Jinhua, China Society of Automotive Engineers: Strengthen OTA upgrade management and clarify corporate safety responsibilities ► CATL signs a strategic cooperation framework agreement with Lanzhou for zero-carbon city development ► Li Auto: The refreshed car models will return to a monthly sales level of 50,000 units, and sedan products will be launched based on market demand ► Zhonglun New Materials: The BOPA film material dedicated to solid-state batteries is in the early stage of market promotion ► Lopal: Plans to increase capital investment by 370 million yuan in its holding subsidiary Changzhou Liyuan

►Former ST Pawa Helmsman Reappointed, Aims to Turn Losses Around by 2025 ►1.056 Billion Yuan: Hainan Mining's 20,000 mt Battery-Grade Lithium Hydroxide Project Commences Production ►Annual Processing Capacity of 100,000 mt: Lianyungang, Jiangsu Lithium Battery Vein Industrial Park Project Signs Contracts ►3.2 Billion Yuan, 300,000 mt: Besky Battery Recycling Base Officially Launched in Huaian, Jiangsu ►Approximately 1.3231 Million mt: CATL Issues Major LFP Order ►5 Billion Yuan: CORNEX New Energy Signs Five-Year Procurement Agreement