Eriez reported that its Shred1 system can increase copper recovery rates to about 94% in scrap processing. The technology uses magnetic forces and ballistic separation to improve sorting efficiency. Such innovations are enhancing both recovery rates and material quality in recycling operations.

Macro News 1. Recently, there have been repeated claims from the US side that China has violated the consensus reached during the China-US Geneva Economic and Trade Talks. The Ministry of Commerce stated that the US has unilaterally and continuously provoked new economic and trade frictions, exacerbating the uncertainty and instability of bilateral economic and trade relations. Instead of reflecting on its own actions, the US has shifted the blame and unjustly accused China of violating the consensus, which is a serious departure from the facts. China firmly rejects these unfounded accusations. If the US continues to act unilaterally and harm China's interests, China will continue to take resolute and forceful measures to safeguard its legitimate rights and interests. 3. The Office of the United States Trade Representative announced an extension of the exemption period in the Section 301 investigation into China's acts, policies, and practices related to technology transfer, intellectual property, and innovation. The exemption period, originally set to expire on May 31, 2025, has now been extended to August 31, 2025. 4. On June 1 local time, the Investigative Committee of Russia classified the bridge sabotage incidents in Bryansk Oblast and Kursk Oblast as terrorist attacks. 5. On May 30 local time, US President Trump stated that he would raise tariffs on imported steel from 25% to 50%. On February 10, Trump signed an executive order announcing a 25% tariff on all steel and aluminum imported into the US. On March 12 local time, the measure imposing a 25% tariff on all steel and aluminum imported into the US officially took effect. 6. In a statement, the European Commission expressed regret over the US announcement to raise tariffs on imported steel and aluminum, and stated that the EU is prepared to take countermeasures. The statement claimed that the US government's decision further adds uncertainty to the global economy and undermines ongoing efforts to resolve issues through negotiations. It emphasized that the European Commission is currently conducting final consultations on expanding countermeasures. If a mutually acceptable solution cannot be reached, existing and additional EU measures will automatically take effect on July 14 or earlier if necessary. 7. On May 31, the China Federation of Logistics and Purchasing and the Service Industry Survey Center of the National Bureau of Statistics (NBS) released China's Purchasing Managers' Index (PMI) for May. The manufacturing PMI for China in May was 49.5%, an increase of 0.5 percentage points MoM. 8. Starting from June 1, China will implement a visa-free policy for holders of ordinary passports from five countries: Brazil, Argentina, Chile, Peru, and Uruguay. From June 1, 2025, to May 31, 2026, nationals of these five countries holding ordinary passports may enter China without a visa for business, tourism, visiting relatives and friends, exchange visits, or transit for no more than 30 days. Industry News 1. In order to implement the decisions and plans of the CPC Central Committee and the State Council, further reduce business operating costs, optimize the business environment, promote the development of the real economy, and advance the construction of the social credit system, the National Development and Reform Commission (NDRC) recently issued the "Notice on Further Reducing Credit Reporting Service Fees," significantly lowering the fees for credit reporting services. 2. Multiple regions across the country have taken various measures to strengthen control and prevent the illegal outflow of strategic minerals. Among them, the Office of the National Export Control Coordination Mechanism issued and implemented the "Overall Plan for Strengthening the Full-Chain Control of Strategic Mineral Exports" after approval through the established procedures. Guizhou will strictly adhere to the division of responsibilities outlined in the "Overall Plan" and carry out relevant work accordingly. Relevant authorities in Hunan Province have stated that they will earnestly fulfill their local regulatory responsibilities, systematically investigate and establish a ledger for strategic mineral export enterprises in Hunan, guide enterprises in strengthening the construction of compliance systems, enhance their awareness and capabilities in compliance, and ensure the effective implementation of control measures. Guangxi will continue to effectively supervise and manage the exploration and exploitation of national strategic minerals, intensify efforts to investigate and punish illegal mining activities such as unlicensed mining, cross-border mining, and mining under the guise of exploration, and resolutely prevent the illegal outflow of strategically important minerals. Additionally, relevant departments in Jiangxi and Yunnan have also indicated that they will unwaveringly implement all tasks in accordance with their respective responsibilities. 3. China Securities Index Co., Ltd. announced that it will adjust the sample stocks for indices such as the CSI 300, CSI 500, CSI 1000, CSI A50, CSI A100, and CSI A500. This adjustment is a regular, periodic revision of the index samples, and the revised scheme will officially take effect after the market closes on June 13. 4. In response to the "Initiative on Maintaining Fair Competition Order and Promoting Healthy Industry Development" issued by the China Association of Automobile Manufacturers (CAAM) on May 31, relevant officials from the Ministry of Industry and Information Technology stated that they will intensify efforts to rectify "cut-throat competition" in the automotive industry and resolutely maintain a fair and orderly market environment. 5. CAAM issued the "Initiative on Maintaining Fair Competition Order and Promoting Healthy Industry Development." For some time, the industry's profitability has declined, with "cut-throat competition" characterized by disorderly "price wars" being a significant factor contributing to the decline in industry benefits. Continuous investment is needed to ensure product after-sales service guarantees and support enterprises' innovative development. However, "price wars" seriously affect the normal operations of enterprises, impact the security of the industry chain and supply chain, and drive the industry into a vicious cycle. 6. A reporter from Cailian Press learned that recently, Ping An Asset Management Co., Ltd. received formal approval from the National Financial Regulatory Administration to establish Hengyi Chiying (Shenzhen) Private Equity Fund Management Co., Ltd. The company has a registered capital of 300 million yuan and will be based in Qianhai, Shenzhen. It is reported that Hengyi Chiyin will act as the fund manager to issue a contractual private securities investment fund exclusively to Ping An Life Insurance, with the initial fund size reaching 30 billion yuan. The fund will focus on investing in high-quality publicly listed firms that align with policy directives and meet the allocation needs of insurance capital. 7. The Hong Kong Special Administrative Region Government gazetted the Stablecoin Ordinance on May 30, signifying its formal enactment as law. 8. Sources revealed that a major state-owned bank branch received notice from its headquarters to halt the "high-interest, high-rebate" model for car purchase installments starting June 1, with the bank no longer accepting applications under this scheme. The "high-interest, high-rebate" model typically refers to businesses where bank commission payment standards exceed 3%. The source also indicated that most financial institutions nationwide are expected to phase out this model within approximately two months, pending unified regulatory guidance. 9. OPEC+ agreed to increase daily oil production by 411,000 barrels, marking the third consecutive month of output growth. Representatives disclosed that major countries led by Saudi Arabia approved this production hike for July during a video conference last Saturday, matching the increases implemented in May and June. Corporate News 1. China Communications Construction announced plans to repurchase its A-share shares with 500 million to 1 billion yuan. 2. *ST Tianyu disclosed that one of its actual controllers, Chunyu Yan, and others are under investigation for suspected embezzlement. 3. BYD reported NEV sales of 382,500 units in May. 4. Nationz Technologies proposed issuing H-shares for listing on the Hong Kong Stock Exchange. 5. Maxwell Technologies plans to issue convertible bonds to raise up to 1.967 billion yuan. 6. Aerosun Corporation suspended participation in military material engineering service procurement due to regulatory violations. 7. Fillinger is expected to undergo a change in control, with its shares suspended from trading starting June 3. 8. Emicron announced a private placement to raise no more than 310 million yuan for projects including temperature control products for computing infrastructure. 9. *ST Longyu received a delisting decision and will enter the delisting consolidation period on June 10. 10. *ST Pengbo received a delisting decision and will enter the delisting consolidation period on June 10. 11. Bohai Automobile is expected to acquire equity in BAIC Moulding and other companies, with its shares suspended. 12. ST Dongshi was investigated by the China Securities Regulatory Commission for suspected information disclosure violations. 13. Zhejiang Longsheng plans to purchase a 37.57% stake in DyStar for $697 million. 14. *ST Hengli announced that it was under investigation by the China Securities Regulatory Commission (CSRC) for suspected false disclosure of financial data. 15. *ST Jinglan announced that it was under investigation by the CSRC for suspected violations of information disclosure laws and regulations. 16. Baili Tianheng announced plans to raise no more than 3.764 billion yuan, all of which will be used for the R&D of innovative drugs. Global Markets 1. The three major U.S. stock indices closed higher collectively, with the Dow Jones Industrial Average rising 0.08%, the Nasdaq Composite Index rising 0.67%, and the S&P 500 Index rising 0.41%. The Nasdaq Golden Dragon China Index rose 0.53%, with most popular Chinese ADRs closing higher. 2. COMEX gold futures closed 2.74% higher at $3,406.4 per ounce, and COMEX silver futures closed 5.76% higher at $34.93 per ounce. 3. WTI crude oil futures closed 2.85% higher at $62.52 per barrel. Brent crude oil futures closed 2.95% higher at $64.63 per barrel. Investment Opportunities 1. The world's first! Zhiyuan Yuanzheng A2 becomes a humanoid robot with certifications from China, the US, and Europe According to media reports, the Yuanzheng A2 humanoid robot under Zhiyuan Robotics has passed four product certifications: China's CR, the EU's CE-MD, the EU's CE-RED, and the US's FCC, becoming the world's first humanoid robot with certifications from China, the US, and Europe, as well as the first humanoid robot in China to obtain CR and CE-MD certifications. As one of the representatives of embodied intelligence, the development of humanoid robots is accelerating towards the critical point of industrialisation. The year 2025 is widely regarded by the industry as the "first year of mass production" for humanoid robots. It is expected that the industry penetration rate will enter an exponential growth trajectory after 2030, with global shipments potentially reaching 4 million to 10 million units by 2035. Cinda Securities pointed out that the industrialisation progress of humanoid robots is accelerating, with domestic and overseas enterprises accelerating the deployment of robots, and it is optimistic about the domestic humanoid robot industry chain. 2. Yushi Space completes nearly 100 million yuan in Angel+ round financing, with 2025 expected to be the first year of accelerated development for satellite internet According to media reports, Yushi Space recently completed nearly 100 million yuan in Angel+ round financing, with Qiansheng Capital as the lead investor and Huacang Capital and Linge Venture Capital as co-investors. Yushi Space focuses on the R&D and manufacturing of large-capacity, low-cost, and rapidly reusable liquid rockets. The company is currently "the only team in China adopting a stainless steel rocket + 'chopstick' capture arm recovery solution," with a technological approach fully comparable to Musk's SpaceX. According to data from Cailian Press Venture Capital Tong - Zhizhong, with May 2025 as the forecast baseline, the financing forecast probability for the next two years is 66.08%. Western Securities believes that the current satellite internet industry is still dominated by thematic investment styles, with a focus on event catalysts brought about by breakthroughs at the industrial level. From a temporal perspective, 2025 is expected to be the first year of accelerated development for the satellite internet industry. As of May, Xingwang has completed the batch networking and orbit insertion of 29 satellites, while Qianfan Constellation has completed the orbit insertion and networking of 90 satellites. Meanwhile, public testing of direct-to-satellite mobile phone terminals will also commence in the second half of the year. It is recommended to continuously monitor investment opportunities in China's domestic low-Earth orbit satellite industry chain, including: 1) communication payloads; 2) phased array and RF components; 3) laser communication; 4) detection; 5) satellite ground stations; 6) satellite terminals; and 7) satellite operations. 3. Large aircraft may enter a stage of rapid development, with a significant boost in market supply capability According to media reports, the domestically produced large aircraft C919 has officially commenced regular commercial operations on the Shanghai-Xiamen route. With Xiamen joining the C919 route network, the C919's service coverage has expanded to 15 cities across the Chinese mainland over the past two years, and it has taken its first international step through the cross-border route from Shanghai to Hong Kong. On March 20, COMAC's 2025 Supplier Conference was grandly held. At the conference, COMAC provided forward-looking production planning guidelines for 2025-2029, explicitly mentioning for the first time that the C919's capacity will reach 200 aircraft per year by 2029. This fully indicates that the C919 will enter a stage of rapid development in the coming years, with a significant boost in market supply capability. Zheshang Securities pointed out that, according to disclosures from the "Aerospace Power Future" official account, COMAC's procurement volume in 2024 approached 20 billion yuan, and the procurement volume in 2025 is expected to increase by 70% compared to 2024. This substantial growth in procurement volume signifies that the C919 is expected to achieve comprehensive mass production acceleration and, at the same time, is expected to vigorously boost the development of the large aircraft industry chain. 4. Institutions claim that this specific industry chain segment will be a core beneficiary of the low-altitude economy's development Recently, reporters learned from a conference that Hubei has initiated the construction of a low-altitude flight service platform. After its launch at the end of the year, it will aggregate information from multiple sources, including low-altitude communications, navigation, surveillance, meteorology, and geographical environments, and provide various services such as flight plan submissions, supporting safe and efficient low-altitude flights. Zhiyan Consulting stated that UAVs are the pillar industry of the low-altitude economy, serving as the primary carriers for low-altitude flights. Currently, China's UAV policies are increasingly being refined, and the industry chain is becoming increasingly complete, providing foundational conditions for the development of the low-altitude economy. With the further implementation of airspace and route planning, existing major application demands in agriculture, forestry, animal husbandry, fisheries, surveying and mapping, and emergency response will be further released, while new application scenarios such as urban logistics, cargo transportation, and passenger transportation will also expand. The UAV industry chain will be the core beneficiary in the development of the low-altitude economy. In recent years, the Chinese government has encouraged the integration of logistics with the low-altitude economy. With a vast market for the low-altitude economy, it will drive the development of the logistics UAV industry. It is expected that by 2030, the market size of China's low-altitude economy will exceed 2 trillion yuan.

2025 (Phase IV) SMM Southeast Asia Industry Field Trip Amidst the ever-changing global economic landscape, manufacturing enterprises worldwide are facing unprecedented challenges. The macroeconomic environment remains volatile, with frequent geopolitical conflicts and rising trade protectionism, leading to sharp fluctuations in industrial material prices and making cost control difficult. The domestic market is experiencing intense competition, with significant overcapacity issues. Enterprises are struggling to survive amid cut-throat competition, with profit margins continuously being squeezed. Meanwhile, the Southeast Asian market is emerging as a rising star, brimming with potential. Its rapid economic growth and accelerated urbanization process, coupled with increasing investments in infrastructure, power engineering, and other sectors, have significantly stimulated demand for industrial products. Southeast Asia's abundant mineral resources also provide a solid raw material foundation for the development of the local manufacturing industry. Additionally, favorable local policies and significant labor cost advantages are attracting global capital and enterprises to establish a presence in the region. To help manufacturing enterprises seize the opportunities of the times and break through development bottlenecks, SMM Information & Technology Co., Ltd. (SMM) has meticulously organized the 2025 (Phase IV) SMM Southeast Asia Industry Field Trip . This field trip will delve deep into Southeast Asia, facilitating face-to-face exchanges with local high-quality enterprises, industrial parks, and industry associations. It will involve on-site visits to enterprises within the industry chain, enabling enterprises to gain a deeper understanding of Southeast Asia's industrial landscape, market dynamics, policies and regulations, as well as the investment environment. The aim is to build a bridge for enterprises to access the Southeast Asian market, explore cooperation opportunities, expand new business territories, tap into new growth momentum for industry development in this vibrant region, and achieve enterprise transformation, upgrading, and leapfrog development. Itinerary Visited Entities 1. Thai-Chinese Rayong Industrial Zone The Thai-Chinese Rayong Industrial Zone is a modern industrial zone developed jointly by China's Holley Group and Thailand's Amata Corporation in Thailand, targeting Chinese investors. With a total planned area of 20 km², it is located in the core area of Thailand's Eastern Economic Corridor. A large number of outstanding enterprises have already settled in the zone (including Zhejiang Zhongce, Zhejiang DunAn, Shenzhen CIMC, Jiangsu Dingsheng, AUX, and Dejinchang, among others). As a highly representative industrial zone in Thailand, we will engage in discussions with zone staff on topics such as the zone's basic information, the operational status of settled enterprises, and investment attraction policies. 2. Dejinchang Optoelectronics Technology (Thailand) Co., Ltd. It is the first overseas branch factory invested by Zhenxiong Copper Group. Established in March 2007 and officially put into operation the same year, it is located in the Amata Thai-Chinese Rayong Industrial Zone, covering an area of approximately 100,000 m² with a building area of about 48,000 m². Its registered capital is 460 million Thai baht, and the total investment is 3 billion Thai baht. The company is primarily engaged in the development and production of new materials for deep processing of various copper conductors (various copper wires). Its main products are copper wires, ranging from copper cathode to various types of copper wires, including bare copper wires, tinned wires, silver-plated wires, nickel-plated wires, alloy wires, as well as various specifications of single wires, stranded wires, and twisted wires. As a typical representative of copper wire drawing enterprises going global, we will exchange experiences and insights with Dejinchang on settling down, taking root, and developing in Southeast Asia, and seek business cooperation opportunities. 3. XINYA ELECTRONIC (THAILAND) CO., LTD The main businesses of Xinya Electronics and its series of subsidiaries include the R&D, manufacturing, and sales of consumer electronics and industrial control cables, automotive cables, communication cables and data cables, new energy series cables and components, etc. The company's end-user clients include well-known domestic and overseas brands such as Hisense, Gree, Midea, Daikin, Canon, Panasonic, Great Wall Motors, General Motors, BYD, NIO, Inspur, Huawei, Dell, HP, ZTE, CHINT, LONGi Group, Hengyineng, East, KUKA, and YASKAWA. We will head to this world-renowned electronic wire manufacturing enterprise. Please look forward to the spark of ideas and business opportunities that will emerge on-site. 4. C&D Inc. Xiamen C&D Inc. (stock code: 600153.SH) is a core member enterprise of Xiamen C&D Group Co., Ltd., a "Fortune Global 500" company. It is a modern service-oriented enterprise with dual main businesses of supply chain operations and real estate development. The company's business began in 1980 and was established and listed on the Shanghai Stock Exchange in June 1998, initiated by Xiamen C&D Group Co., Ltd. In 2024, the company achieved operating revenue of RMB 701.296 billion and after-tax net profit of RMB 5.82 billion. As a supply chain company, C&D Inc. has long-standing presence and extensive resources in Southeast Asia. We will conduct in-depth exchanges with C&D Inc. in Southeast Asia to explore solutions for capital, logistics, and industrial resources in the Southeast Asian industry, and establish effective communication channels for long-term cooperation. 5. WHA Industrial Estates WHA Corporation Public Company Limited develops and operates 12 major industrial estates in Thailand, all of which are strategically located. The group has held the largest market share since 2008. WH currently has 12 operational industrial zones, with 11 in Thailand and 1 in Vietnam, and another 3 industrial zones are still under development. The industrial zones developed and constructed by WHA Group are mainly located in the eastern coastal region of Thailand and have currently formed numerous industrial clusters, including export-oriented industries such as automotive, petrochemical, electronics, and consumer goods. As an industrial estate with a broad scope of operations, WHA Industrial Estates has unique insights into the industrial development and policies of various regions in Southeast Asia. During our exchanges, we will learn about the enterprises that have already settled in the estate, WHA's investment attraction policies, and its insights into industrial development. 6. Malaysia Non-Ferrous Metals Association The Malaysia Non-Ferrous Metals Association (MNMA) was established to integrate the entire non-ferrous metals industry in Malaysia under one entity. Under this unified entity, the objectives are: to coordinate with government authorities and standardize the import codes for non-ferrous metals, particularly in relation to hazardous and non-hazardous waste; to serve as a communication bridge between industry participants and government authorities to promote aligned goals; to educate and self-regulate members in compliance with regulations, especially those related to environmental aspects; to drive the vibrant development of the upstream industry, thereby encouraging downstream investors to invest in Malaysia; to embrace global changes through interactive cooperation and collaborate with other associations worldwide; and to envision Malaysia as the central hub for the non-ferrous metals industry in Southeast Asia. During this exchange, we will listen to the representatives of the association as they introduce Malaysia's industrial blueprint, gain a detailed understanding of Malaysia's industrial planning, and refine each representative's future strategic planning in Malaysia through our exchanges. 7. METROD(MALAYSIA) SDN BHD METROD(MALAYSIA) SDN BHD is a leading manufacturer of copper rods, copper pipes & tubes, and copper busbars in Malaysia. The company commenced operations in 1981 and was listed on the Main Board of the Kuala Lumpur Stock Exchange in 1996. Metrod's high-quality copper products are widely used in numerous applications, including power generation, transmission, and distribution, telecommunications, lightning protection, welding, electronic and automotive parts, electromagnetic coils, motors, compressors, transformers, and more. As a typical representative of local copper rod suppliers in Malaysia, we will engage in in-depth exchanges with METROD(MALAYSIA) SDN BHD and strive to reach cooperation in suitable areas for mutual benefit and win-win outcomes. 8. Zhejiang Gang Lian Jie (Malaysia) Logistics Technology Co., Ltd. Zhejiang Gang Lian Jie (Malaysia) Logistics Technology Co., Ltd., established in 2023, is a wholly-owned subsidiary of Zhejiang Gang Lian Jie Logistics Technology Co., Ltd. and falls under the Ningbo Zhoushan Port Group system, making it a state-controlled enterprise. The company primarily engages in international freight forwarding for import and export. It extends the standardized processes and management systems within the recycled metals industry to Malaysia, using Malaysia as a hub to radiate throughout Southeast Asia and carry out related businesses. This encompasses international multimodal transport, covering bulk raw materials such as non-ferrous metals, plastic pellets, cold chain products, pulp, and glycerin. Gang Lianjie will introduce the import and export policies of various Southeast Asian countries during the exchange, with detailed answers provided for areas that differ from China. They can also offer one-stop customs services. (More visiting organizations will be updated continuously...) The following are optional itineraries (participation is voluntary, and a separate conference fee is required for attendance). 1. 2025 SMM (2nd) Global Renewable Metal Industry Chain Summit (An additional conference fee of 5,000 yuan is required). Conference Time: June 12-13, 2025 Conference Venue: Hyatt Regency Suvarnabhumi Airport, Bangkok, Thailand Conference Official Website: https://global-renewable-metal-industry-chain-summit.smm.cn/home The 2024 SMM 1st Global Renewable Metal Industry Forum was held in Malaysia. The conference gathered recycling associations, government officials, and renowned enterprises in the renewable sector from various regions to discuss the current state and future development of the renewable industry. From 2024 to 2025, renewable metal policies have been continuously updated, and the industry has witnessed rapid development. To assist enterprises in navigating the changes in the renewable industry, align with industry standardization requirements, and provide a platform for business exchanges, SMM plans to hold the 2025 SMM 2nd Global Renewable Metal Industry Chain Summit in Thailand from June 12-13, 2025. At this conference, you will efficiently gain access to customer resources, industry reports, and interpretations of renewable policies from various regions globally in the renewable metal and battery recycling industries. It is suitable for organizations and individuals concerned about renewable metals to participate. 2. 2025 SMM Southeast Asia (Thailand) Automotive Supply Chain Conference (An additional conference fee of 7,000 yuan is required). Conference Time: June 16-17, 2025 Conference Venue: Hyatt Regency Suvarnabhumi Airport, Bangkok, Thailand Conference Official Website: https://automotive-supply-chain.smm.cn/home In recent years, Southeast Asia has gradually become a crucial link in the global automotive industry due to its unique geographical advantages, abundant resources, and vast consumer market, offering rich supply and demand opportunities. As a regional leader, Thailand has attracted the attention of numerous Chinese NEV manufacturers. At this conference, SMM will invite experts, scholars, enterprise representatives, and government officials from the domestic and overseas automotive industries to participate, jointly explore new trends and models in the development of the automotive industry, share the latest technologies and innovative achievements, promote collaborative development and cooperation in the automotive industry, and facilitate the improvement and enhancement of the industry chain. Meanwhile, we hope that through this conference, we can help Chinese automotive industry chain enterprises better understand the overseas investment environment, leverage the complementary advantages of different countries and regions within the automotive industry, and jointly promote the healthy and sustainable development of the automotive industry. At this conference, you will efficiently gain access to customer resources, industry reports, and opportunities to discuss new materials, processes, and technologies in the automotive and supply chain industries. It is suitable for organizations and individuals interested in the automotive industry to participate. Note: Assembly point for the inspection tour: Hyatt Regency Bangkok Sukhumvit, Bangkok, Thailand For more information about the 2025 (Phase IV) SMM Southeast Asia Industry Inspection Tour , please contact: De'an Xu: 166.0190.90 Email: xudean@smm.cn

To promote the steady progress of the battery separator industry along a path of healthy and high-quality development, Shenzhen Senior Technology Material, Bosun New Material, Huiqiang New Material, Zhongxingxin New Material, and three other separator enterprises have responded promptly, issuing statements to help the separator industry transition from a price war to a value war.

In recent years, with the explosive growth in demand for lithium batteries in fields such as NEVs and ESS, the lithium battery separator industry has entered a period of rapid expansion. However, during this development process, irrational capacity expansion has led to a severe oversupply in the market. Taking 2024 as an example, the dry-process separator industry experienced continuous price wars, with some models even falling below the cost line by the end of the year. Many separator enterprises found their dry-process product lines in a widespread state of loss. This vicious "cut-throat competition" has strained corporate cash flows, led to a severe shortage of investment in technological innovation, and posed a serious risk of decline in the overall competitiveness of the industry. Against this backdrop, the industry urgently needs an effective set of solutions to break the deadlock. In April this year, the Battery Film Specialized Committee of China Plastics Processing Industry Association issued the "Initiative to Jointly Promote High-Quality Development of the Lithium Battery Separator Industry," proposing the establishment of an industry collaborative development mechanism, strengthening self-discipline to jointly promote high-quality development, improving the supply chain credit guarantee mechanism, advocating for enterprises to avoid excessive competition and unnecessary internal friction within the industry, and promoting the steady advancement of the battery separator industry along a path of healthy and high-quality development. Subsequently, four separator enterprises—Shenzhen Senior Technology Material, Bosun New Material, Huiqiang New Material, and ZTE New Material—swiftly responded by issuing statements to assist the separator industry in transitioning from price wars to value wars. Examining the commonalities in the response statements of these four enterprises, all mentioned capacity optimization, industry ecosystem maintenance, and so on. In response to the current severe situation of supply-demand imbalance in dry-process separators and widespread losses among industry enterprises, Shenzhen Senior Technology Material will take the lead in implementing intelligent transformation, dynamically adjusting the capacity of existing production lines to achieve intelligent release management of 50% of actual capacity. This ratio will be adjusted in real-time based on changes in market demand, ensuring balanced development of market supply and demand and exploring innovative industry paths for precise supply-side matching. In response to the current issue of structural overcapacity in the industry, Huiqiang New Material will rely on its "High-Safety Composite Separator Technology Platform" to implement the "Precise Capacity Matching Plan" and the strategy of "simultaneously advancing quality and efficiency," without competing on scale or blindly expanding, but rather focusing on meeting customer needs and deeply exploring customer pain points and difficulties. In addition, Huiqiang New Material will dynamically adjust production rhythms: combining industry capacity data, enterprise dynamics, and utilizing big data to scientifically monitor and analyze market demand, dynamically optimizing production line operational efficiency, prioritizing the release of high-performance, high-value-added product capacity, implementing dynamic regulation of 50% of existing capacity, participating in capacity dynamic optimization initiatives, and ensuring balanced market capacity supply and demand. In response to the current structural overcapacity of separators, Bosun New Material will scientifically plan capacity based on market demand, reduce ineffective supply by strengthening inventory management and formulating production cuts and maintenance plans, actively eliminate or upgrade and transform outdated and high-cost production capacities, concentrate resources in high-value-added product areas, and ultimately achieve the business goal of "reduced quantity but increased profit." ZTE New Material will scientifically plan capacity, reasonably adjust production rhythms based on market demand, avoid overcapacity caused by blind expansion, and prevent industry resource waste. Overall, all four enterprises recognize the current issue of overcapacity and are actively taking measures to optimize capacity to achieve market supply-demand balance. In terms of industry ecosystem maintenance, Shenzhen Senior Technology Material advocates for the establishment of a quarterly supply-demand information sharing platform to enhance market transparency; promotes a "technological innovation premium" pricing model to objectively reflect the value of R&D investment; opposes cut-throat competition, and promotes the healthy development of the dry-process separator industry by focusing on scientific research and value creation. Huiqiang New Material proposes the establishment of a value symbiosis system to create a fair environment and lead the industry ecosystem upgrade. The company advocates for the establishment of a technology collaboration alliance and fully safeguards fair market competition order. Bosun New Material resolutely opposes vicious competition behaviors below cost prices, advocating for enterprises to reduce costs through technological innovation and process optimization rather than sacrificing product quality and long-term interests; advocates for enterprises to develop scientifically, strengthen enterprise collaboration and self-discipline, achieve mutual benefit and win-win results, and avoid vicious market share competition. ZTE New Material insists on rational competition and safeguards market order. The company advocates for the establishment of a reasonable pricing mechanism based on market supply and demand, technological R&D, and quality assurance pricing strategies to ensure sustainable enterprise development and avoid the industry falling into inefficient competition. In summary, all four enterprises emphasize maintaining a fair and competitive market environment, opposing vicious competition, and promoting technological innovation and industry collaborative development through various means to build a healthy industry ecosystem. At the same time, enterprises are also focusing on technological innovation, proposing the implementation of a "technological innovation premium" pricing model, driving value enhancement through technological innovation, advocating for pricing strategies based on market supply and demand, technological R&D, and quality assurance, continuously exploring new technological paths and product directions to adapt to industry development trends and market demands. Looking ahead, the initiatives and responses of enterprises will bring new opportunities for the development of the lithium battery separator industry. Enterprise initiatives and responses will drive the industry to shift from scale expansion to quality improvement, with some inefficient capacities being eliminated in market competition and resources concentrating on enterprises with technological, management, and brand advantages, accelerating the industry consolidation process. In addition, measures such as establishing an industry collaborative development mechanism, strengthening self-discipline, and improving the supply chain credit guarantee mechanism will effectively address current industry issues such as overcapacity and vicious competition, promoting the industry towards high-quality development. It is clear that during this process, the competitive landscape of the separator industry will transition from disorder to order, technological innovation will become the core competitiveness of enterprises, and upstream and downstream sectors of the industry chain will achieve closer collaborative development. From "price wars" to "technological games," capacity regulation and self-discipline initiatives are accelerating the reshuffle of the separator industry, with small and medium-sized players exiting the market and top-tier enterprises seizing high ground with technological barriers and scale advantages, leading to a significant increase in market concentration. Here, we also call on separator enterprises with a sense of social responsibility to take the initiative to voice their opinions, actively advocate and respond, and jointly build a green and efficient development ecosystem for the industry, guided by innovation-driven and responsibility-oriented approaches. Battery.com will continue to focus on industry dynamics, deeply track, and witness every step of the separator industry's progress towards high-quality development.

GAC Unveiled 12 Automotive-Grade Chips Today, GAC unveiled multiple automotive-grade chips, jointly developed with ZTE Microelectronics, Yutai Microelectronics, Renxin Technology, Silergy, Geehy, Eswin, Joulwatt, NationalChip, and Meitai. Among them, the C01 chip, co-developed with ZTE Microelectronics, is China's first independently designed next-generation 16-core multi-domain fusion central computing processor chip. The G-T01 chip, developed in collaboration with Yutai Microelectronics, is the first domestic automotive-grade gigabit Ethernet TSN switch chip with the highest capacity in China. The G-T02 chip, jointly developed with Renxin Technology, is the world's first SerDes chip with a bandwidth of up to 16Gbps. The G-K01 chip, developed with Silergy, is the world's first 6-core RISC-V chip that meets the ASIL-D functional safety level.

Currently, the price of magnesium metal has continued to pull back and is significantly lower than that of aluminum, making its cost-performance advantage reappear and its functional value prominent. The innovative development achievements of magnesium and magnesium alloys are increasingly growing, and innovative application cases of magnesium alloys are constantly emerging. They are expected to usher in new opportunities for expanded applications, especially in areas such as lightweight transportation, intelligent manufacturing, green construction, electronic telecommunications, solid-state ESS, and medical health, where there is great potential to open up new application blue oceans. As a lightweight structural and functional material, magnesium metal will play an important role in promoting green, low-carbon, and high-quality development, demonstrating greater potential. At this critical moment and important period, the 2025 Magnesium Industry Chain and Magnesium Market Forum will continue to be held. We will fully leverage the platform's advantages, summarize the experiences of previous events, enhance the promotion of this event, increase the participation of related industry chain enterprises, and strive to achieve greater results. SMM and Shang Magnesium Network cordially invite you to participate in the 2025 Magnesium Industry Chain and Magnesium Market Forum , which will be held from March 31 to April 2, 2025. Anhui Shunfu Precision Technology Co., Ltd. will attend this grand event in full force. We will keep pace with the times, aim for our goals, work diligently, and move forward with courage! Click Registration Form to register for the conference immediately. We look forward to meeting you at the conference. Anhui Shunfu Precision Technology Co., Ltd. Customer-centric, Striver-oriented, Honest and Pragmatic, Professional and Innovative Anhui Shunfu Precision Technology Co., Ltd. (hereinafter referred to as the company) was established in 2009, located in Nanling County, Wuhu City, Anhui Province, with a registered capital of 93.99 million yuan. It is a large-scale state-controlled die-casting enterprise integrating R&D, manufacturing, and sales of molds and aluminum alloy die-casting parts. In 2024, the company completed a strategic restructuring with Wuchan Zhongda Group, a super-large state-controlled publicly listed firm in Zhejiang Province (which has been ranked in the Fortune Global 500 for 14 consecutive years, ranking 150th in 2024). The company has won numerous honors, including National-level Specialized and Sophisticated "Little Giant" Enterprise, High-tech Enterprise, National-level Green Factory, Top 50 Chinese Die-casting Enterprises, Anhui Provincial Enterprise Technology Center, Anhui Provincial Smart Factory, and Anhui Provincial Industrial Design Center. The company has obtained more than 30 patents, including nearly 20 invention patents. The company has participated in the formulation of national standards such as "Die-cast Copper Alloys and Copper Alloy Die-cast Parts" and "Aluminum Alloy Die-cast Parts." The company possesses integrated full-process production capabilities, including mold R&D and manufacturing, aluminum alloy melting, die-casting forming, precision machining, surface treatment, and quality detection. It has more than 30 cold chamber die-casting machines and nearly 500 various machine tools such as CNC machining centers, CNC milling machines, and shot blasting machines. The company has accumulated multiple core technologies in semi-solid die-casting, vacuum die-casting technology, and low-pressure casting technology. The company mainly produces aluminum alloy precision structural parts such as NEV electric drive and control system enclosures, PV ESS integrated enclosures, and 5G communication base station enclosures. Its major customers include Inovance, ZTE, Sigen New Energy, Chery, Sungrow, Philips, and other leading enterprises. The company is also a core strategic supplier of Inovance and ZTE, the largest supplier of Sigen New Energy, and provides supporting products for XPeng, Li Auto, GAC Aion, Great Wall, SAIC, and other vehicle manufacturers. Magnesium Industry Company Business Connection Registration for the 2025 Magnesium Industry Chain and Magnesium Market Forum is now open Please contact: 13162929454 (Lu Jiaxin)

According to the official WeChat account of Wuchan Zhongda Group: On March 4, Chen Xin, Chairman and Party Secretary of Wuchan Zhongda Group, and his delegation headed to Nanling County, Wuhu City, Anhui province, to inspect and guide Shunfu Precision Company, a subsidiary of Wuchan Zhongda Industrial Investment. They conducted an in-depth understanding of the company's production and operation. After listening to the relevant work reports, Chen Xin stated that since Shunfu Precision joined Wuchan Zhongda, its business volume has steadily increased, achieving a strong and stable start. The company has a solid industrial foundation and rich experience in operation and management. He expressed hope that while continuously consolidating existing businesses, the company would strive to lead the trend, strengthen, optimize, and expand its operations, and deliver "practical actions, practical results, and practical achievements" to shareholders. Regarding the next steps, he emphasized the need for innovative development, advancing to a new level based on the existing digital factory, using digital management to control the entire production process, improving production efficiency, extending the industry chain layout, accelerating the R&D of magnesium alloy products, creating new growth points, and enhancing market competitiveness.

[Mercedes-Benz Begins Road Testing of Prototype Vehicle Based on New Solid-State Battery Technology] The solid-state battery cells are provided by industry leader Factorial Energy, while the battery system is jointly developed by the Mercedes-Benz Battery Systems Technology Center and AMG High Performance Powertrains Ltd. (HPP), achieving an energy density of 450Wh/kg, far exceeding the current market standard. The all-electric EQS prototype equipped with this battery sees a 25% increase in driving range, capable of traveling over 1,000 kilometers on a single charge, marking significant breakthroughs in safety, efficiency, and lightweight design.

【Die-Casting Zinc Alloy January Operating Rate: Why Did South and North China Accelerate?】 From the perspective of regional operating rates, the January operating rates of die-casting zinc alloy in North China, East China, and South China are expected to record 34%, 30.16%, and 33.76%, respectively. The actual January operating rates in these three regions were 40%, 30.09%, and 37.09%, with North and South China exceeding expectations, while East China was basically flat compared to expectations. So what are the actual reasons...