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Toyota Motor has formulated a production increase plan, aiming to raise the production of hybrid and plug-in hybrid vehicles to approximately 6.7 million units (expected to be achieved in 2028). This production target is 30% higher than the estimated 5 million units projected for 2026.

According to preliminary statistics from the Passenger Car Association, wholesale sales of passenger new energy vehicles in China are estimated to have reached 900,000 units in January, up 1% YoY. Among them, Tesla China performed strongly, with wholesale sales of 69,129 units, up 9.3% YoY.

Federal Reserve Governor Cook pointed out that bringing the inflation rate back to the target level in the near term is the top priority for the US Fed, which is crucial for maintaining its credibility. Cook also mentioned that the risk of a rise in inflation is currently prominent, and uncertainty in the economic outlook remains high.

The European Central Bank decided to maintain the current benchmark interest rate unchanged, marking the fifth consecutive pause in interest rate cuts since last June. Despite this, the bank has yet to provide clear guidance on the future path of monetary policy, further reinforcing market expectations that monetary policy will remain unchanged in the short term. Meanwhile, policymakers continue to monitor the appreciation of the euro, focusing on assessing its potential impact on the competitiveness of the export sector and inflation trends.

The China Photovoltaic Industry Association (CPIA) predicts that China's new PV installations are expected to pull back in 2026, ranging between 180 GW and 240 GW. During the 15th Five-Year Plan period, the average annual new PV installations are projected to reach 238 GW to 287 GW. Wang Shijiang, Deputy Director of the Electronic Information Department at the Ministry of Industry and Information Technology (MIIT), emphasized that the core task this year is to address the cut-throat competition in the PV industry.

US Fed Vice Chairman Jefferson expressed "cautious optimism" regarding the US economic outlook, suggesting that, driven by robust productivity growth, inflation is expected to pull back to the central bank's 2% target level. Additionally, Jefferson noted that the current policy stance is sufficient to effectively address economic developments.

According to big data from the commerce sector, as of February 5, a total of 335,000 subsidy applications had been received for the 2026 auto trade-in policy, effectively boosting new auto sales with a total value of 53.77 billion yuan. Further observation revealed that the average price of new cars involved in the trade-in activity in January exceeded the 160,000 yuan mark, showing a significant increase compared to the previous year.

[SMM News] It was reported that the magnesium and aluminum alloy and semi-solid mold R&D pilot center of the Anhui Luan Die-casting Mold Plant No. 3 of Ningbo Xinlin Mold Technology Co., Ltd. was officially put into operation recently. The plant had commenced production in May 2024, and the launch of the pilot center marked a key breakthrough for Xinlin Mold in capacity layout, technological R&D, and market expansion, which will further strengthen its competitiveness in the high-end die-casting mold sector.

[SMM Express] It is reported that on January 29, Chalco Qingdao Light Metal Co., Ltd. plans to invest 13.5 million yuan in implementing a technological transformation project for the aluminum alloy slab production line. The project is located within the existing processing workshop of the company's plant in the Lingang Economic Development Zone, Qingdao West Coast New Area. Due to the prolonged use of the existing vertical casting machine, which has led to higher equipment energy consumption and a decline in product quality, the enterprise intends to invest 13.5 million yuan to purchase a set of hydraulic semi-continuous casting equipment, along with supporting slab sawing machines, degassing units, filtration devices, and other equipment. This will upgrade the existing wrought aluminum a

[SMM News] It was reported that on January 29, Chalco Qingdao Light Metal Co., Ltd. planned to invest 13.5 million yuan in a technological transformation project for its aluminum alloy flat ingot production line. The project is located within the existing processing workshop of the company's plant in the Lingang Economic Development Zone, Qingdao West Coast New Area. Due to the prolonged use of the existing vertical casting machine, which has led to higher equipment energy consumption and a decline in product quality, the enterprise intends to invest 13.5 million yuan to purchase a set of hydraulic semi-continuous casting equipment, along with supporting flat ingot sawing machines, degassing units, filtration devices, and other equipment. This will upgrade the existing wrought aluminum alloy ingot (aluminum alloy flat ingot) production line and its equipment. The project is expected to commence operation in May 2026.

[SMM Express] It is reported that Xiangyang Changyuan Donggu Industrial Co., Ltd. recently received a designation letter of intent from a domestic client, confirming the company as the designated supplier for the client's engine block and front cover. The client requires the company to immediately initiate necessary work upon receiving the letter of intent to ensure timely product delivery. According to the client's plan, the designated project is expected to commence mass production in July 2026, with an estimated life cycle of five years. The total sales amount over the project's full cycle is projected to range from 350 million yuan to 450 million yuan.

[SMM Express] According to reports, Zhejiang Wanfeng Aowei Wheel Co., Ltd. is expected to achieve a net profit of 850 million to 1.05 billion yuan in 2025, up 30.11% to 60.72% YoY. During the reporting period, the company's overall business developed steadily. Among them, the lightweight automotive metal components business continuously optimized product and client structures, rapidly responded to and met downstream client demands, and increased client supporting volumes; through process improvements and technological innovation, costs were reduced and efficiency enhanced, leading to significantly improved operating performance; the general aviation aircraft manufacturing business maintained good orders and stable operations, with production processes for high-value-added models continuous

[SMM News] According to reports, Zhejiang Wanfeng Auto Wheel Co., Ltd. is expected to achieve a net profit of 850 million yuan to 1.05 billion yuan in 2025, up 30.11% to 60.72% YoY. During the reporting period, the company's overall business developed steadily. Among them, the company's lightweight automotive metal components business continued to optimize its product and client structure, rapidly responded to and met downstream client demands, and increased supporting supply volume for clients; through process improvements and technological innovation, it reduced costs and improved efficiency, leading to a significant enhancement in operational performance; the general aviation aircraft manufacturing business maintained a healthy order book and stable operations, with continuous improvements in the production processes of high value-added aircraft models and ongoing optimization of sales operations.

[SMM Express] According to data released by the China Machinery Industry Federation on February 5, 2025, the value added of China's machinery industry enterprises above the designated size increased by 8.2% YoY, with the growth rate 2.3 and 1.8 percentage points higher than that of the national industry and manufacturing sector, respectively. Value added in five major national economic sectors—automobile manufacturing, electrical machinery manufacturing, general equipment manufacturing, special equipment manufacturing, and instrument manufacturing—all achieved growth. Among them, the automobile manufacturing sector continued to play a leading role, with its growth rate reaching 11.5%.