In mid-June 2026, the CAAM and the China Power Battery Industry Innovation Alliance successively released relevant data on the automobile and power battery markets for May 2026. The CAAM stated that in May, auto production and sales rose MoM but edged down YoY. Affected by multiple factors including policy adjustments, changes in market structure, and a macro environment under pressure, the Chinese market continued to show a double-digit decline YoY; meanwhile, exports were strong and sustained rapid growth. .......SMM has compiled the relevant data on the automobile and power battery markets for May 2026, for readers’ reference. Automobile CAAM: May Auto Production and Sales Reached 2.616 Million and 2.629 Million Units, Both Up MoM In May, auto production and sales reached 2.616 million and 2.629 million units, up 1.6% and 4.1% MoM respectively , and down 1.2% and 2.1% YoY respectively. From January to May, auto production and sales totaled 12.235 million and 12.207 million units, down 4.6% and 4.2% YoY respectively, with the declines narrowing further compared with the first four months. CAAM: May NEV Production and Sales Rose 22.4% and 14.4% YoY Respectively; NEV Sales Accounted for 47.5% of Total New Vehicle Sales In May, NEV production and sales reached 1.554 million and 1.496 million units, up 22.4% and 14.4% YoY respectively . NEV sales accounted for 56.9% of total new vehicle sales. From January to May, NEV production and sales reached 5.841 million and 5.802 million units, up 2.5% and 3.5% YoY respectively, and NEV sales accounted for 47.5% of total new vehicle sales. CAAM: NEV Exports More Than Doubled in May and January-May In May, NEV exports reached 446,000 units, up 3.8% MoM and 110% YoY. Of these, passenger NEV exports stood at 435,000 units, up 3.4% MoM and 110% YoY; commercial NEV exports reached 12,000 units, up 21% MoM and 48.1% YoY. From January to May, NEV exports totaled 1.833 million units, up 110% YoY . Of these, passenger NEV exports were 1.792 million units, up 120% YoY; commercial NEV exports were 41,000 units, up 0.6% YoY. The CAAM commented that in May, auto production and sales rose MoM but edged down YoY. Affected by multiple factors such as policy adjustments, market structure changes, and a macro environment under pressure, the Chinese market continued to see a double-digit decline YoY; exports developed robustly, sustaining a rapid growth trajectory. By car model, passenger vehicle sales edged down YoY, commercial vehicle sales maintained growth, and the NEV market stabilized and rebounded. Since the beginning of this year, the auto market has exhibited a pronounced characteristic of "domestic demand under pressure, foreign trade strong." The industry's operations have faced multiple challenges, including insufficient domestic demand, high costs, and external shocks. On the end-user side, policies and market expectations should be stabilized, industry governance deepened, restrictive measures introduced cautiously, and the consumption baseline solidified; on the foreign trade side, it is necessary to deepen international development, effectively address various risks and challenges, and strengthen the stabilizing support role of the international cycle. Meanwhile, the CPCA also released data on the passenger vehicle market for May. From May 1st to 31st, retail sales of passenger vehicles nationwide reached 1.51 million units, down 22.1% YoY, but up 9.2% MoM; cumulative retail sales since the start of the year reached 7.099 million units, down 19.5% YoY. In the NEV segment, May NEV retail sales fell 7% YoY, with domestic brands declining 10%, mainstream joint ventures growing 51%, and luxury brands growing 8%. Domestic retail sales of domestic economy EVs were significantly impacted by the sharp drop in subsidies. Due to strong subsidies for NEV commercial vehicles, the low and mid-end MPV segment experienced a relatively large decline. In terms of NEV exports, passenger NEV exports in May reached 424,000 units , up 112.6% YoY and up 4.4% MoM. These accounted for 54.1% of total passenger vehicle exports, an increase of 9.5 percentage points compared to the same period last year. Among them, BEVs accounted for 59.3% of NEV exports (compared to 66.1% same period last year), with the core focal A00+A0 class BEVs accounting for 53.8% of BEV exports (compared to 50.7% same period last year). Alongside the emerging scale advantages of Chinese NEVs and the demand for market expansion, an increasing number of Chinese-made NEV branded products are going overseas, with their recognition outside China continuously improving. Among NEV exports, narrow-body plug-in hybrid vehicles accounted for 36.2% (compared to 31.9% same period last year), and extended-range EVs accounted for 4.4% (compared to 2.0% same period last year). Although external interference from certain countries has occurred recently, the export of domestic narrow-body plug-in hybrids to developing countries has grown rapidly and shows bright prospects. The CPCA stated that the domestic passenger vehicle market in May 2026 presented an operational dynamic of overall volume under pressure, MoM strengthening, and extreme structural differentiation, without achieving a substantive recovery overall. The slight recovery in the auto market in May was mainly attributed to the evident effectiveness of the industry's "anti-involution" efforts, stabilizing automaker sales promotions and weakening the consumer expectation of price cuts. This, combined with the warmth-boosting effect of the Beijing Auto Show, released some pent-up car purchase demand, forming a phased terminal rebound. It said that the core features of the auto market in May were the collapse of internal combustion engine vehicle domestic sales, the strong dominance of new energy vehicles, and the counter-trend growth of exports. The main cause of the domestic auto market decline was the sharp contraction in fuel vehicle sales under the impact of high oil prices. In May, fuel vehicles accounted for a 37.1% share, but their YoY decline contributed 82% of the total decline in passenger vehicles, dragging down the overall market trend. Factors such as high oil prices and consumption transformation accelerated the "fuel-to-electric substitution" process. This month, the retail penetration rate of new energy vehicles continued to exceed 60%, reaching a historical high of 62.9%. The electrification transformation of joint venture brands accelerated. In May, sales of new energy JV car models grew 51% YoY, while fuel vehicle sales fell 41% YoY. Exports continued to be the industry's core growth engine. In May, the share of new energy in exports hit a new high of 54%, but fuel vehicle exports also showed strong performance with 46% growth, forming an exceptionally strong performance of China's all-round export growth. Characteristics of the passenger vehicle market in May 2026: 1. Overall volume was under pressure, with major structural divergence, and "fuel cold, new energy hot" became the biggest focus. The core reason for the decline in domestic retail was the "fuel collapse," which drove the new energy retail penetration rate to break through 60% to 62.9% (a new high), with the pace of electrification substitution exceeding expectations. 2. The electrification transformation of joint venture brands accelerated. In May, domestic retail sales of mainstream JV new energy vehicles grew 51% YoY, while the overall growth rate of domestic new energy vehicles slowed by 10%. JV brands such as Buick (with new energy accounting for 45%) began to show initial results in their shift to new energy. 3. Exports showed explosive growth, with new energy accounting for 54% (a new high) in exports, driven by both new energy and domestic brands, and going global becoming the core growth engine. 4. Clear characteristics of passive destocking and a relatively rapid decline in channel inventories. Listed dealers suffered overall losses, and dealer survival pressure continued to increase. 5. Independent brands made notable breakthroughs in the high-end segment, with retail sales of passenger vehicles in the 200,000-300,000 yuan, 300,000-400,000 yuan, and above 400,000 yuan price segments all exceeding 50%. 6. Micro EVs were under pressure, A-class cars shrank, entry-level consumption badly needed support, and the launch of economy EV standards was eagerly anticipated. Power Battery Update In April, power and ESS battery sales grew 47.4% YoY. January-May cumulative sales grew 48.5% YoY. In May, China's power and ESS battery sales reached 182.2 GWh, up 11.0% MoM and 47.4% YoY . Among them, power battery sales were 127.0 GWh, accounting for 69.7% of total sales, up 16.6% MoM and 45.2% YoY; ESS battery sales were 55.2 GWh, accounting for 30.3% of total sales, down 0.1% MoM but up 52.7% YoY. From January to May, China's cumulative power and ESS battery sales reached 783.4 GWh, up 48.5% YoY . Of this, cumulative power battery sales reached 527.9 GWh, accounting for 67.4% of total sales, up 34.9% YoY; cumulative ESS battery sales were 255.5 GWh, accounting for 32.6% of total sales, up 87.7% YoY. May China power battery installations up 25.9% YoY, LFP share at 81.2% In May, China's power battery installations reached 71.9 GWh, up 15.2% MoM and 25.9% YoY . Ternary battery installations were 13.4 GWh, accounting for 18.6% of total installations, up 15.9% MoM and 27.3% YoY; LFP battery installations were 58.4 GWh, accounting for 81.2% of total installations, up 14.9% MoM and 25.4% YoY. From January to May, cumulative power battery installations in China reached 259.1 GWh, up 7.3% YoY . Ternary battery cumulative installations were 50.8 GWh, accounting for 19.6% of total installations, up 13.3% YoY; LFP battery cumulative installations were 208.2 GWh, accounting for 80.4% of total installations, up 6.0% YoY. May: Leap Motor dominated among NEV startups; BYD's export growth impressive In early June, May domestic NEV sales/delivery figures were released. BYD continued to lead the global NEV market with sales exceeding 380,000 units. Among domestic NEV startups, Leap Motor's outstanding performance once again ignited market enthusiasm, setting a new monthly delivery record with over 80,000 units! Details are as follows: BYD: According to its announcement, BYD sold a total of 383,453 vehicles in May, including 376,990 passenger vehicles. By brand: Dynasty/Ocean series sold 330,215 units; Fang Cheng Bao sold 30,186 units; Denza sold 16,303 units; Yangwang sold 286 units. From January to May, BYD's cumulative sales reached 1,405,039 units. The company's cumulative NEV sales surpassed 16.5 million units. BYD's sales recovery was mainly supported by exports. Data shows that in May, BYD's overseas sales reached 161,000 units, up 80.4% YoY. NEV Startups: In May, Leap Motor delivered 81,569 vehicles across its entire lineup, up 81% YoY, setting a new historical high for monthly deliveries. The company's NEV sales grew steadily, maintaining its lead. Leap Motor also performed excellently in Italy's pure electric vehicle market, with monthly registrations reaching 4,765 units, up 1,278% YoY, and its pure electric market share reaching a record high of 34.5%. NIO delivered a total of 37,705 new vehicles in May, up 62.3% YoY and 28.4% MoM. Specifically, NIO brand deliveries reached 20,013 units, up 50.8% YoY; Ledao brand delivered 12,029 units, up 91.5% YoY and 124.8% MoM; and Firefly brand delivered 5,663 units, up 53.9% YoY and 13.7% MoM. In the first five months of this year, NIO delivered a total of 150,526 new vehicles, representing a 68.7% YoY increase. To date, NIO's cumulative deliveries have reached 1,148,118 units. Li Auto ranked third among NEV startups with monthly deliveries of 33,350 units this time. As of May 31, 2026, Li Auto's cumulative deliveries reached 1,702,792 units. Li Xiang, Chairman and CEO of Li Auto, said that since Q1 this year, Li Auto's deliveries have entered a growth trajectory, reclaiming the top spot among Chinese brands in the NEV market priced above 200,000 yuan. As of May 31, 2026, Li Auto had 498 retail centers across China, covering 160 cities; and 543 after-sales repair centers and authorized service centers, covering 222 cities. Li Auto has put into use 4,088 Li Auto supercharging stations nationwide, equipped with 22,563 charging piles. XPeng Motors delivered 32,158 new vehicles in May. On May 20, the new technology flagship XPeng GX was officially launched and began deliveries. Within 12 hours of launch, firm orders reached 24,863 units, with the Ultra flagship edition accounting for over 80% of orders. Showroom traffic and test drive volume hit a record high for the same period of any new car launch, making it one of the most popular products among users in the high-end luxury car market and a key step in XPeng Group's brand elevation. In the global market, XPeng maintained strong momentum. In April, overseas deliveries of the P7+ commenced, and monthly overseas sales exceeded 6,000 units for the first time. As of the end of Q1, XPeng had entered over 60 countries and regions worldwide, with 393 overseas sales outlets. Starting from Q2, international business revenue contribution is expected to exceed 20%. In H2 this year, XPeng plans to deliver four global car models, aiming to achieve sustained monthly overseas sales of over 10,000 units in Q4 and more than double full-year overseas sales. Xiaomi Auto's monthly deliveries continued to exceed 30,000 units in May, and its cumulative deliveries surpassed 139,000 units from January to May. On June 13, the latest news, Lei Jun, Chairman of Xiaomi Group, posted on Weibo that Xiaomi Auto attaches great importance to testing, with massive investment and scale. Currently, the testing team consists of over 800 members, of which over 45% are experts with more than 10 years of experience. This team has conducted tests in more than 300 cities and completed over 35 million kilometers of cumulative testing. Xiaomi Auto has 126 laboratories across four cities—Beijing, Nanjing, Shanghai, and Wuhan—covering a total area of over 65,600 m². It has also rented two full-vehicle comprehensive testing grounds in Yancheng, Jiangsu, and Guangde, Anhui. There is a dedicated team of around 500 personnel for extreme environment testing. This team is split into summer testing and winter testing units and is mainly responsible for four major extreme environment tests: Heihe (extreme cold), Turpan (extreme heat), the Kunlun Mountains (high altitude), and Hainan (high humidity). Overall, Cui Dongshu, Secretary General of the CPCA, noted that the key features of the auto market in May were “sluggish domestic sales of internal combustion engine vehicles, strong dominance of new energy vehicles, and YoY growth in exports amid headwinds.” Based on the current industry situation, the CPCA adjusted market expectations, revising the decline in full-year domestic passenger vehicle retail sales to 11%, from the 1% decline forecasted at the start of the year. Cui Dongshu stated that the auto market will gradually stabilize and improve in Q3, return to a growth trajectory in Q4, and the full-year decline in domestic passenger vehicle retail sales is expected to narrow to 11%, with the market still holding recovery potential. If the global situation stabilizes, commodity and oil prices return to reasonable ranges, transportation costs subsequently pull back, domestic consumer confidence in car purchases will gradually recover, and the auto retail market will also see a sustained recovery. Looking ahead to June, the CPCA projects that China’s domestic passenger vehicle market in June 2026 will present a weak recovery pattern of “MoM recovery, YoY pressure,” with the market slowly mending based on its own fundamentals. As a month-end period, June sees automakers pushing for their semi-annual sales targets, with OEMs and end-user stores increasing order replenishment efforts, a key positive factor supporting MoM recovery. There will be 21 working days this month, forming a YoY advantage of one extra working day compared to the base of 20 working days in June last year, providing a positive boost to overall production and sales. However, based on past experience, during months when the World Cup is held, the auto market’s sequential performance tends to be weaker. It fell 7% MoM in June 2018, and by 4% MoM in both June 2010 and June 2014. The negative impacts from the previous reduction in passenger vehicle trade-in subsidies and the cooling of the industry price war have been largely absorbed, marking an end to negative policy factors and providing a foundation for market recovery. End-user pace, the auto market showed a “front-loaded and then stabilizing” trend. Combined with the month-end semi-annual sales push effect, the overall monthly trajectory was relatively steady. Notably, the Dragon Boat Festival holiday fell on June 19 this year, significantly later than its May 31 date last year. The concentrated disruption from holiday foot traffic and diverted consumer spending affected the market this month, slightly suppressing mid-month car ordering enthusiasm and partially offsetting some of the benefits from the semi-annual month-end sales push and extra working days. This emerged as a key seasonal factor influencing the monthly trend. It is worth noting that geopolitical conflicts have driven international oil prices to fluctuate at highs, causing the cost of using fuel vehicles in China to keep climbing. This not only directly suppresses the willingness to purchase fuel vehicles but also adds to residents' expenditure pressure, further weakening overall car purchase consumption power and becoming a core factor constraining significant YoY growth in the auto market. At the same time, however, high oil prices have also been continuously accelerating the transition to vehicle electrification. Coupled with the momentum of pushing for half-year targets at the end of June, automakers have introduced compliant concession policies such as interest subsidies and car purchase gift packages for new energy models. Together with the concentrated delivery of multiple new NEV models, the industry's product portfolio has been continuously improved, and strength on the supply side has increased substantially. Currently, industry inventory is being gradually and orderly digested, the vicious price war has largely subsided, and terminals are clearing inventory through mild sales promotions, making market competition trend toward a benign state. Driven by multiple favorable factors, the passenger NEV penetration rate is expected to remain firmly above 60%, with the electrification process continuing to accelerate, becoming the core pillar supporting the resilience of the auto market. Against the backdrop of sluggish domestic demand, automobile exports have become the core pillar of industry growth, creating a pattern of "weak domestic demand, leading overseas demand." Chinese automakers continue to deepen their presence in overseas markets, focusing on diverse markets such as Latin America and Europe, effectively offsetting the impact of declining demand in the Middle East, with export sales maintaining high growth. Relying on the mature domestic new energy industry chain and high-quality products, automobile exports continue to move upscale and upgrade across all categories, effectively offsetting the growth pressure in the Chinese market and supporting the overall stable operation of the industry. Overall, the Passenger Vehicle Association estimates that the auto market's recovery momentum in June will be limited, structural potential remains large, and the overall weak recovery trend will persist.

On June 11, a delegation led by Boris Titov, Russian Chairman of the Russian-Chinese Committee for Friendship, Peace and Development, visited Shaanxi Nonferrous Metals Group. Wu Qunying, Party Secretary and Chairman of the Group, held talks with Titov and his delegation at the Group's headquarters, reaching a consensus on deepening trade and expanding cooperation in various business areas. Zhao Liming, member of the Group's Party Committee and Vice General Manager, also participated in the talks. Wu Qunying welcomed Titov and his delegation, noting that Shaanxi Nonferrous Metals Group had previously sent a delegation composed of relevant enterprises from the SCO Nonferrous Metals Joint Venture to Russia and other regions for economic and trade exchanges, achieving a series of fruitful results. He expressed hope that both sides would establish a regular cooperation mechanism in areas such as nonferrous metals, oil and gas, new energy, and import and export business, implementing "list-based management, milestone-based advancement, and responsibility-based implementation." He hoped that with the support of the Russian-Chinese Committee for Friendship, Peace and Development, negotiations would be accelerated to ensure the smooth delivery of trade orders, promoting deeper and more effective pragmatic cooperation in various fields across the Group's overseas operations, achieving a strong alliance and complementary advantages, and creating a new benchmark for in-depth Sino-Russian friendly cooperation.

Baotou City is promoting the transformation of its traditional advantageous industries into future-oriented industries, accelerating the formation of a complete industrial chain encompassing "new energy development—direct green electricity supply—electrolytic aluminum production." On the large screen of the Baotou Aluminum Industry Smart Energy Control Center, wind turbine blades can be seen slowly rotating deep in the grasslands 200 kilometers away. Dispatcher Xu Junxia, ​​pointing to the dynamically optimized dispatch curve, explained that the company has now shifted from production based on electricity demand to production based on electricity consumption, with green electricity now accounting for 33%. "Based on the trend of electricity prices in our spot market, we are maximizing the absorption of new energy sources and improving the overall electricity and energy consumption structure."

2026 China Central International Power Transformer Export Expo 2026 China Central International Power Transformer Export Expo Concurrently held: The 8th China (Zhengzhou) International New-type Power and Smart Energy Industry Exhibition August 15-17, 2026, Central China International Convention and Exhibition Center (Airport Area) Annual Central China Power and Electrical Industry Development Conference Estimated exhibition data: 18 countries and regions 600+ exhibiting brands 300+ media coverage 20 forum events 40,000 m² exhibition area 50,000 visitors Co-organizers: Henan Electrical Equipment Industry Association Beijing Aibo International Exhibition Co., Ltd. Executing Unit: Beijing Aibo International Exhibition Co., Ltd. Title Sponsor: Henan Senyuan Electric Co., Ltd. Official Website: http://byq.aiboexpo.com ※ Exhibition Overview: Currently, 'carbon neutrality' has become a global consensus. Achieving carbon peak and carbon neutrality is a solemn commitment China has made to the world and a broad and profound economic and social transformation. Realizing clean and zero-carbon energy is a crucial guarantee for carbon neutrality. The development and maturation of the new-type power industry are of great significance for accelerating the construction of a new power system dominated by new energy. In recent years, supported by a series of national policies, global renewable energy industries such as PV, wind power, hydropower, new-type energy storage, charging facilities, and hydrogen energy have achieved rapid development. With new breakthroughs in next-generation technologies and equipment, the future new energy market holds limitless prospects. At the 2024 Bosch Connected World conference, the world's richest man Elon Musk predicted that the rapid development of AI and EVs would lead to a severe shortage of transformers. Today, this prediction has become a reality. Amid this global 'transformer shortage', the latest data from China's General Administration of Customs shows: in 2025, China's transformer export value reached 64.6 billion yuan, a YoY surge of 36%, with the average unit price exceeding 205,000 yuan, a rise of 33%. Even more astonishing—orders for high-end ultra-high voltage and data center-dedicated transformers have been scheduled into 2027, with some stretching into 2028! The global transformer shortage is the inevitable result of multiple contemporary factors overlapping. From an infrastructure perspective, the power systems in Europe and the US are undergoing a 'major overhaul'. A Goldman Sachs report from September 2025 pointed out that most of Europe's grid infrastructure has been in operation for 40-50 years, and in the US, 31% of transmission equipment and 46% of distribution facilities are past their service life. To this end, the EU plans to invest €1.2 trillion over the next decade to upgrade its power grid, and the US also announced $1.1 trillion over five years for the power sector. As core equipment for power grid upgrades, transformers have naturally become a focal point of demand. Amid the global transition toward green and low-carbon development, the construction of green energy power plants such as PV and wind power has further lifted transformer demand. The international energy industry analysis firm “Allied Market” forecast that the global transformer market size will reach $103 billion in 2031, Henan is located in central China and has long been known as the “heartland of Kyushu and the thoroughfare of ten provinces,” serving as an important transportation hub in China that connects east and west and links north and south. Developing a hub economy is a key pillar for integrating into the new development paradigm. “In recent years, our province has leveraged its transportation and location advantages to continuously strengthen the hub economy. Seizing the opportunity presented by the development of a unified national market, we have built a comprehensive ‘rice + well + people’ transportation corridor and initially formed a broad multimodal transport landscape integrating and connecting airports, inland ports, highway ports, high-speed rail ports, and ports of entry. It has become a logistics corridor hub that connects at home and abroad and radiates across the east, central, and west. Trading globally, the hub advantage is gradually being transformed into a competitive edge for development. Leveraging Henan’s status as a major province in China in terms of population, agriculture, industry, and energy consumption, its transportation and geographic advantages are driving global power grid upgrades, with transformers playing a crucial role in building a new-type power system. To rapidly and accurately connect sellers and buyers and help enterprises expand broader markets in and outside China, the “2026 China · Central and Western China International Power Transformer Export Expo,” jointly organized by the Henan Electrical Industry Association and Beijing Aibo International Exhibition Co., Ltd., is scheduled to be held on August 15-17, 2026 at Zhongyuan International Convention and Exhibition Center, Zhengzhou Airport Economy Zone, concurrently with the “8th China (Zhengzhou) International New-Type Power and Smart Energy Industry Exhibition.” This exhibition is expected to cover 40,000㎡, attracting more than 600 brand exhibitors from around the world to make a concentrated appearance in central China, with over 50,000 visits expected from professional visitors and buyers. We sincerely invite transformer producers, manufacturers, and related supporting suppliers from in and outside China to gather in central China and share this grand industry event! As one of China’s 12 highest-level international comprehensive transportation hubs and one of the country’s six airport-type national logistics hubs, Zhengzhou is a comprehensive hub city integrating highways, railways, aviation, power, and communications. It enjoys uniquely advantageous geographic conditions. With Zhengzhou as the center, a two-hour aviation circle covers 92% of China’s population, 94% of its total economic output, and 98% of its foreign trade share. Against the backdrop of the current dual-circulation development model and domestic demand boost, Zhengzhou’s market radiation advantage nationwide will become even more prominent. Henan has a solid industrial foundation and a complete industrial supporting system, highly aligned with the development needs of the new energy industry. It can better promote deep integrated development across the upstream and downstream industry chain of new energy enterprises, achieve resource sharing and complementary advantages, and jointly drive coordinated development of the industry. Zhengzhou Airport Economy Zone Comprehensive Experimental Zone, known as the “Central China Special Zone,” is currently the only national-level aviation economy development pilot zone approved by the State Council. The Airport Economy Zone closely focuses on five major strategic positioning goals: the “Air Silk Road” pilot zone, the “National Airport Economy Experimental Zone,” the “core growth pole of the Central Plains Economic Zone and the Zhengzhou Metropolitan Area,” a “modernized, internationalized, world-class logistics hub,” and the “Central China Special Zone”; and deepens the development of five major centers: an international advanced manufacturing center, international trade center, international transportation and logistics center, international creative fashion center, and international innovation talent center. The Airport Economy Zone has become a growth pole of great strategic value for Zhengzhou’s development and a high ground for opening up across the province. ※Key Invitations Target Audience: Power, petroleum, chemicals, metallurgy, steel, cement, coal, textiles, transportation, electronics, communications, environmental protection, transport, machinery, turnkey equipment suppliers, traders, etc. Real estate developers, construction contractors, decoration and renovation companies, architects, designers, engineers, importers and exporters, wholesalers, distributors, manufacturers, retailers, buildings, property management institutions, and industry end-users (such as hospitals, schools, government agencies, hotels, shopping malls, etc.). Relevant government departments, power companies, power grid companies, power supply departments, planning departments, municipal engineering entities, design and research institutions, competent authorities, associations, societies, media organizations, etc. ※ Media Spotlight and Synchronized Promotion : Helping exhibitors deeply explore clients, find professional buyers, promote brands, and close deals has always been the mission and responsibility of the organizers of the Central China Transformer Expo! We will join forces with Xinhua Net, People’s Daily Online, Economic Net, Sina, ifeng.com, CNR.cn, Guangming Online, CCTV.com, China News Service, Dayu Net, Dahe Net, Yingxiang Net, Zhongyuan Net, Jinbao Net, Sunan Net, Dahe Daily, Sohu, iQIYI, Baidu, Toutiao, Henan TV, Dazhong.com, Haibao News, Douyin, Kuaishou, Xiaohongshu, Zhihu, Huaxia Energy Network, International New Energy Network, Polaris Electric Power Network, Power Supply Network, China Transformer Network, Transformer Market Network, Electronic Transformer Information Network, Sobi PV Energy Storage Network, PV Industry Network, Energy World, Household PV Network, EV Network, First EV Network, Charging Piles Network, NEV Industry Network, and more than 100 other media outlets to provide comprehensive coverage of the exhibition, helping enterprises promote new products and technologies, enhance brand image, and strengthen corporate influence. ※ If you are a supplier of the following products, please book a booth: 1 、Transformers: Dry-type transformers, oil-immersed transformers; PV transformers, wind power transformers, box-type substations, electric furnace transformers, mining transformers, marine transformers, movable vehicle-mounted transformers, customized transformers and solutions, etc. 2 、Transformer Design and Manufacturing: Transformer R&D and design software, virtual simulation software; fully automatic winding machines, core laser cutting equipment, robotic insulation coating systems; partial discharge detection instruments, automatic withstand-voltage test benches, AI visual defect recognition systems; overall solutions for digital factories, etc. 3 、Key Transformer Materials: Conductive materials (e.g., copper semis, aluminum semis, copper-aluminum composite materials), magnetic materials (silicon steel and amorphous alloys, ferrite materials), insulating materials (insulating paper, paperboard, insulating varnish, insulating oil, epoxy resin, electrical insulating wood, varnished cloth, varnished cloth tape), etc. 4 、Key Transformer Components: Core, windings, oil tank/oil conservator, bushings, oil level gauges, oil purifiers, conductive rod, sealing gaskets, breathers, insulating materials, tap changers, gas relays, explosion-proof pipes, temperature measuring devices, fire extinguishing devices, clamps, surge arresters, pressure release devices, other transformer accessories/consumables, etc. 5 、Green Electricity Technologies and Applications: Distributed PV/wind power energy systems; energy routers, renewable energy grid connection controllers, cloud-edge collaborative microgrid control systems, virtual power plant (VPP) access terminals; green electricity traceability platforms, full life cycle carbon footprint monitoring instruments, enterprise ESG compliance management software, etc. 6 、Smart Power Supply and Distribution Systems: High-voltage direct current (HVDC) power supply, liquid-cooled power distribution systems, flexible DC converters (medium and high voltage), solid-state transformers (SST)/high-efficiency transformers, high-voltage/medium-voltage switchgear; smart low-voltage distribution cabinets, busway systems, smart header boards, cabinet PDUs; active power filters (APF), dynamic voltage restorers (DVR); DC circuit breakers, DC fuses, smart arc detection systems, lightning surge protectors, etc. 7 、Digital Energy Efficiency Management: AI monitoring platforms for power supply and distribution, digital twin O&M systems, predictive maintenance tools, CFD simulation and energy efficiency optimization software, etc. 8 、Collaborative Innovation in Energy Storage: Lithium battery/flow/sodium-ion energy storage systems, integrated PV+ESS+hydrogen solutions, containerized integrated energy storage units, etc. 9 、Related Services: Planning consulting and design, engineering construction, completion acceptance, rating and certification, infrastructure O&M, IT services and O&M. ※Fee-Based Items: ● Booth Fees: Booth Category Standard Booth (Single Open Side) Standard Booth (Double Open Sides) Deluxe Standard Booth (Single Open Side) Deluxe Standard Booth (Double Open Sides) Special Booth Bare Space China Enterprises ¥8,800 yuan/booth ¥9,800 yuan/booth ¥11,800 yuan/booth ¥12,800 yuan/booth ¥900/㎡ Foreign-Funded Enterprises $1,980/booth $2,980/booth $3,980/booth $4,980/booth $300/㎡ 1、Standard Booth: Minimum rental 3m×3m=9㎡; equipped with: white partition panels (2.5 meters high), one table and two chairs, Chinese-English header board, two fluorescent lights, carpet, and one power socket. 2、Deluxe Standard Booth: Minimum rental 3m×3m=9㎡; equipped with: white partition panels (2.5 meters high), one table and two chairs, Chinese-English header board, two fluorescent lights, carpet, one power socket, and raised booth fascia. 3、Special Booth Bare Space: Minimum rental 36㎡; provided: exhibition space and cleaning services; excluding booth construction and production costs. The bare space does not include any display racks or facilities. To ensure booth construction quality, all exhibitors are requested to use the contractor designated by the organizer to build their booths; no other contractors are allowed to enter the venue. (The organizing committee collects a special booth management fee on behalf of the venue: designated contractor ¥50 yuan/㎡, non-designated contractor ¥70 yuan/㎡). ● Conference Booklet Advertising: It will help you find clients after the exhibition! In addition to being widely distributed during the exhibition, it will also be distributed through various channels to professionals in different regions who were unable to visit the exhibition, enabling them to quickly find contact information and service details via the conference booklet. (The conference booklet is printed in full color on imported copper paper; size: 210mm×135mm). Front Cover ¥20,000 yuan Inside Front Cover/Inside Back Cover ¥7,000 yuan Frontispiece ¥6,000 yuan Black-and-White Page ¥4,000 yuan Back Cover ¥15,000 yuan Double-Page Color Spread ¥8,000 yuan Color Page ¥5,000 yuan 500-Word Company Profile ¥3,000 yuan ● Other Advertising: Advertising fees must be prepaid in full as a one-time payment; exhibitors who are unable to participate on time for any reason may also choose the following advertising promotions. Outdoor Plaza Arch ¥10,000 yuan/set (2 units) Carpet Floor Sticker Ad ¥500 yuan/unit Visitor Tickets ¥10,000 yuan/1,000 tickets Visitor Badge Lanyards ¥10,000 yuan/1,000 pcs Back-of-Visitor-Badge Ad ¥10,000 yuan/1,000 pcs Official Website Ad ¥10,000 yuan/banner/year Outdoor Road Flags ¥1,000 yuan/pair (2 units) Official Account Ad ¥10,000 yuan/unit/year Outdoor Billboard ¥10,000 yuan/unit Exhibitor Badge Lanyards ¥10,000 yuan/1,000 pcs Back-of-Exhibitor-Badge Ad ¥10,000 yuan/1,000 pcs Document Bags ¥20,000 yuan/1,000 pcs ● Product Promotion Session/Technical Seminar: A conference room accommodating 100-600 people, ¥30,000 yuan for 60 minutes per session, used for venue setup and related equipment rental (including venue, audio and projection equipment, lighting, tables and chairs, tea and other supporting facilities and services, and assistance in organizing the audience for the presenting enterprise). ※Exhibition Participation Procedures: 1. Fill out the exhibition application form and fax or scan it to the organizing unit. Booth allocation principle: “first apply, first pay, first arranged.” 2. After the contract is confirmed and stamped by both parties, the exhibiting unit shall remit the exhibition fees by telegraphic transfer to the organizing unit’s collection account within 2 working days. 3. After remitting all fees, exhibitors are requested to fax the bank remittance slip to the organizing unit. 4. After receiving the exhibition fees, the organizing unit will issue the Exhibitor Manual to exhibitors within one month before the exhibition opens to confirm participation notes. ※ Organizing Committee Secretariat: Beijing Aibo International Exhibition Co., Ltd. Contact: Zhang Lei 17729729055 Fax: +86 010-86487300 E-mail: 2662486664@qq.com Website: http://byq.aiboexpo.com Scan to Book a Booth

Trading activity in China's electrolytic manganese market remained sluggish this week. After an earlier decline, mainstream spot prices have stabilized at a transaction level of 17,800 yuan per ton.

[Lead-acid Battery Enterprise News] According to information released by the China National Intellectual Property Administration, Zhejiang Narada Power Source Co., Ltd., Hubei Narada New Energy Research Co., Ltd., and Wuhan Narada New Energy Technology Co., Ltd. have applied for a patent titled "Storage Battery and Lead Base", with authorization announcement number CN224355418U.

The global secondary copper industry is at a critical juncture defined by tightening resources, green transformation, and intensifying global competition. As environmental protection policies continue to tighten and the energy crisis deepens, secondary copper—with its notable environmental advantages and economic value—is playing an increasingly prominent role in alleviating tight supply of primary copper and driving low-carbon development. Currently, the global copper industry chain is under multiple pressures, including supply fragility, demand transformation, and low-carbon upgrading. Major economies have listed copper among critical minerals, and international competition for secondary copper resources is becoming ever more intense. Optimizing the industry chain structure, improving recycling and recovery efficiency, and aligning global standards have become urgent priorities for the sector. To help the industry gain a comprehensive understanding of global policy trends and market dynamics. SMM and Qingyuan Xiangzhan Metal Trading Co., Ltd. have joined forces to create the , focusing on industry development directions, amplifying market voices, and aiming to provide practitioners with an authoritative and professional industry distribution guide. (Click the link to receive a free copy: ) Qingyuan Xiangzhan Metal Trading Co., Ltd. is a comprehensive enterprise specializing in non-ferrous metal material supply, processing and manufacturing, and international trade services. Its main business covers a wide range of products, including various high-quality materials, tin-plated materials, brass block materials in various specifications (natural or plated), copper block materials, copper pipe & tube materials, copper powder, copper bricks, copper ingots, copper alloy materials, 3-series and 4-series stainless steel, secondary aluminum, and aluminum ingots. The company’s operations span production and processing, procurement integration, import and export trade, and supply chain services. Leveraging its production site in Thailand and supply chain advantages in Southeast Asia, the company has established robust systems for raw material procurement, production management, quality control, and logistics distribution, and is committed to providing stable and reliable metal material products to global clients. Its products are widely used in electronic appliances, machinery equipment, hardware manufacturing, casting processing, automotive parts, new energy, and industrial manufacturing. Over the years, Xiangzhan Metal has upheld the philosophy of “Quality First, Integrity in Business, and Win-Win Cooperation,” continuously enhancing product quality and service standards. It has maintained long-term, close cooperative relationships with the Taiwan region and actively promoted industrial exchanges and resource integration across the Strait and within Southeast Asian markets. With professional market experience, stable supply capabilities, and comprehensive international trade services, the company has become a trusted partner to numerous clients. Looking ahead, Xiangzhan Metal will continue to deepen its industrial footprint in the metal materials sector, strengthen its global procurement and sales network, and enhance its processing technology and supply chain management capabilities, striving to become a competitive metal material supplier and international trade service provider in Asia. Qingyuan Xiangzhan Metal Trading Co., Ltd. Contact Information Ling Jingzhao 134 1727 8888 Cao Bangjiang 177 2882 2736 SMM Co-production Contact Person Liu Mingkang 156 5309 0867 liumingkang@smm.cn

[SMM Zinc Morning Meeting Minutes: US and Iran About to Sign Peace Agreement, LME Zinc Stops Falling and Rebounds]: Last Friday, LME zinc opened at $3,526.5/mt. After opening, LME zinc briefly maintained a fluctuating trend, during which it dipped to a low of $3,511.5/mt, then started a fluctuating upward trend, touching a high of $3,590.5/mt near the close, finally closing up at $3,583/mt, up $57.5/mt, an increase of 1.63%...

By 2026, China's new energy vehicle market has evolved from an early-stage race over electric motors, batteries, and electronic controls into a systemic contest centered on battery technology roadmaps, supply chain depth, and cost-control capabilities. Leading domestic players — NIO, Li Auto, XPeng, BYD, and Leapmotor — have each charted a distinctly different path in their battery strategies. What lies beneath these divergent choices is not merely a matter of technical preference, but a reflection of fundamentally different business models, brand identities, and competitive philosophies. NIO: Anchored by Battery Swapping, Building a Multi-Supplier, Multi-Chemistry Matrix NIO's battery strategy stands apart within the industry. At its core is not the choice of a single supplier or chemistry, but rather a battery-swapping network serving as infrastructure, upwardly compatible with battery packs of varying capacities, chemistries, and suppliers. Currently, NIO's lineup runs primarily on 75 kWh and 100 kWh packs, while a higher-energy-density 150 kWh semi-solid-state pack, produced by WeLion New Energy, has already entered volume production and deployment. On the chemistry front, certain NIO models employ a hybrid cell arrangement blending ternary lithium and LFP cells — the LFP cells provide foundational range and cost advantages, while the ternary cells serve as a state-of-charge reference, addressing the well-known pain point of inaccurate SOC estimation inherent to LFP's flat voltage curve. On the supplier side, CATL has long held a core position, with CALB and WeLion also playing significant roles in the supply chain. In early 2026, NIO and CATL further signed a five-year comprehensive strategic cooperation agreement covering long-life batteries, swap-station compatibility, and overseas market expansion. For the full year 2025, NIO Group delivered 326,000 vehicles, up 46.9% year-on-year, and achieved its first quarterly operating profit in Q4 — signaling that its battery-swapping business model is beginning to enter a virtuous cycle. The ramp-up of its two sub-brands, ONVO and Firefly, has further amplified the scale effects of the swapping ecosystem, diluting the per-unit cost of infrastructure. Li Auto: EREV-Led, BEV in Pursuit — Deep Supplier Ties and the Shift Toward In-House Development Li Auto's battery strategy presents a sharp contrast to NIO's. Where NIO pursues breadth in its swapping network and flexibility in battery pack compatibility, Li Auto places greater emphasis on deep ties with top-tier suppliers and meticulous cost-side management. Li Auto's EREV models have long relied on ternary lithium batteries as their primary solution and are now progressively introducing LFP to optimize vehicle cost structures. In the pure-electric domain, the flagship MPV MEGA carries a high-performance ternary pack co-developed with CATL; in 2025, the i6 electric SUV formally adopted a dual-supplier model, sourcing from both CATL and Sunwoda for complementary supply. More significantly, in September 2025, Li Auto and Sunwoda jointly established a battery company, marking a definitive shift from a procurement relationship to one of equity-linked co-development. In May 2026, Li Auto delivered 33,350 vehicles, with the i6 surpassing 20,000 monthly deliveries for the third consecutive month and ranking among the top three electric SUVs by volume, while the EREV L-series remained its sales backbone. With "family comfort" as its core brand proposition, Li Auto's battery strategy has always served a single through-line: eliminating range anxiety while optimizing total cost of ownership — pragmatic and focused. XPeng: LFP as the Mainstay, a Three-Supplier Landscape Taking Shape, and the Dual-Powertrain Strategy Accelerating XPeng's battery strategy is centered on LFP, with a stable landscape of three core suppliers: CALB, EVE Energy, and FinDreams Battery (BYD). CALB has been one of XPeng's first-tier battery suppliers since 2021 and has long held the dominant share. In September 2025, EVE Energy formally entered XPeng's MONA series supply chain, providing prismatic cell solutions for base MONA variants, while longer-range versions continue to use BYD FinDreams cells. XPeng's technology identity has always revolved around full-stack self-developed AI — spanning advanced intelligent driving, proprietary chips, and large-model integration — which gives its battery strategy a notably pragmatic character: choose a mature, safe, and cost-controllable LFP route so that more resources can be concentrated on its core competence in intelligence. Since 2025, XPeng has fully embraced a dual-powertrain strategy of BEV plus EREV, with the addition of range-extender models introducing new variables to its battery demand structure. In May 2026, XPeng Group delivered 32,158 vehicles, with the flagship SUV GX becoming a core incremental contributor right from its debut, while the MONA series and P7+ continued to scale, validating the market appeal of its "technology for all" positioning. BYD: Full Vertical Integration as the Ultimate Moat If NIO, Li Auto, and XPeng respectively embody the brand paths of "service-driven battery swapping," "family comfort," and "technology intelligence," then BYD's defining label points squarely at vertical integration. From FinDreams battery cells and FinDreams Powertrain motors and electronic controls, to in-house IGBT and SiC power semiconductors, BYD has mastered the manufacturing of virtually every core component in a new energy vehicle — a level of supply chain depth unmatched both domestically and globally. The Blade Battery, BYD's signature technology, builds on an LFP foundation and achieves a balance of safety and energy density through structural innovation; it has now achieved scaled deployment across the entire lineup. On the cost side, the scale effects of selling 4.6 million units in 2025 have endowed BYD with extreme supply chain bargaining power. On the technology side, the "Eye of the Gods" advanced driver-assistance system has been deployed in over 2.5 million vehicles, generating more than 160 million kilometers of real-world driving data daily — a data flywheel that competitors will find difficult to replicate. In 2025, BYD's battery-electric vehicle sales reached 2.26 million units, surpassing Tesla (approximately 1.63 million) for the first time to claim the global BEV sales crown. From the Seagull at RMB 70,000 to the Yangwang at over RMB 1 million, from city commuters to hardcore off-roaders, BYD has built the world's most complete new energy product matrix, with its multi-brand strategy covering every mainstream price band and use case. Leapmotor: Full-Stack Self-Development Driving Extreme Value, Multi-Supplier Strategy Fueling the Volume Leap Leapmotor has emerged as a dark horse that can no longer be ignored among China's new-energy startups. Its battery strategy is defined by a clear formula: all-LFP plus parallel multi-sourcing, with core cell suppliers including Gotion High-Tech and CALB, among others — different batches of the same model may mix cells from different brands, but core parameters remain consistent. In November 2025, Leapmotor and CALB jointly established a battery factory, signaling Leapmotor's progression from multi-source procurement toward equity-linked core-supplier relationships. Leapmotor's true moat lies in its full-stack self-development approach — over 65% of core components are developed in-house, spanning electric drives, battery BMS, intelligent cockpits, and autonomous-driving chips. This is what enables Leapmotor to deliver extreme value in the RMB 100,000–200,000 mainstream price band. In May 2026, Leapmotor delivered 81,569 vehicles, up 81% year-on-year, holding the new-energy startup sales crown for multiple consecutive months, with the one-million-unit annual target now within reach. Leapmotor's product matrix has expanded into four series — A, B, C, and D — covering sedans, SUVs, and MPVs, while overseas exports have rapidly climbed to over 37% of total volume, becoming a second engine for growth. The Industrial Logic Behind Divergent Strategies When the battery strategies of these five automakers are examined side by side, several clear industrial patterns emerge. First, LFP's dominance in the mainstream market continues to strengthen. Whether it is BYD's Blade Battery, XPeng's all-LFP lineup, Leapmotor's extreme value proposition, or Li Auto's progressive LFP adoption in its EREV models, all point to the same trend: in the RMB 100,000–250,000 core consumption band, LFP's combined advantages in cost, safety, and cycle life have made it an unshakable baseline. Second, supply chain relationships are upgrading from simple buyer-seller transactions to capital-linked co-development. The joint ventures between Li Auto and Sunwoda, between Leapmotor and CALB, and the five-year agreement between NIO and CATL are all reflections of this trend. Third, battery strategy choices are increasingly dictated by each automaker's business model: NIO's battery-swapping system demands pack standardization and compatibility; BYD's vertical integration demands in-house production; Li Auto's EREV approach imposes unique requirements on battery capacity and cost. For participants in the upstream lithium resource and battery materials industries, understanding the battery strategies of leading automakers — and the direction in which they are evolving — is a critical entry point for gauging mid- and downstream demand structures, the cadence of technology-route shifts, and the changing landscape of supply chain dynamics. In this industrial contest that remains very much at halftime, the divergence in battery strategies not only determines each automaker's cost structure and product competitiveness, but will also profoundly reshape the value distribution across the entire lithium battery supply chain.

FINO announced on June 11 that it will acquire 1,405,752 shares of C&P New Materials from existing shareholder CNGR Hong Kong Hongchuang New Energy Co., Limited for KRW 28.2 billion. The transaction payment is scheduled to be made on June 16. Following the deal, FINO’s stake in C&P New Materials will increase from 29% to 75%, making it the largest shareholder. Meanwhile, CNGR Hong Kong’s stake will decrease from 51% to 5%, while POSCO Future M will maintain its existing 20% stake.