Honggong Technology: Lithium Battery Orders Accounted For Approximately 90% Of Its 2025 Order Book

On February 8, news emerged that the People's Government of Shapingba District, Chongqing, and Seres Group signed a cooperation agreement to jointly promote the high-quality development of the intelligent connected new energy vehicle industry. According to the cooperation terms, the newly established project company will be invested in by a state-owned capital-backed market-oriented equity investment fund, which will hold a 33.5% stake. Seres Group and its subsidiaries will contribute assets related to Landian, holding a 32% stake. Other investors will hold 18.5%, while the management team will hold 16%.

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State