Ministry of Industry and Information Technology Launches Industrial Data Foundation-Building Initiative

CPCA： in January 2026, transaction volume in China’s used car market reached 1.73 million units, down 8% MoM and up 18% YoY, with transaction value at 110.6 billion yuan, up 14.8% YoY. From January to December 2025, cumulative used car transactions totaled 20.11 million units, up 2.5% YoY, with transaction value at 1,289.8 billion yuan, up 0.4%. In recent years, the proportion of inter-provincial used car transfers had fluctuated between 25% and 30%, reaching a record high of 35% for the period in January 2026, transaction volume in China’s new energy used car market reached 158,000 units, down 6% MoM and up 74% YoY, with a new energy penetration rate of 12.2%. From January to December 2025, cumulative transactions of new energy used cars totaled 1.61 million units, up 43% YoY.

Electra Battery Materials (NASDAQ, TSXV: ELBM) has signed a fresh deal with LG Energy Solution that would see the company supply battery-grade cobalt to the South Korean firm through at least 2029. The parties on Tuesday signed a new term sheet outlining Electra’s commitment to supplying 60% of the cobalt sulfates produced at its Ontario refinery, which is currently under construction. The supply agreement is valid through 2029, plus a three-year extension option. This agreement follows an initial three-year agreement signed in 2022 and the subsequent five-year extension announced in July 2023, reflecting Electra’s updated production timelines under the contract.

Recently, the groundbreaking ceremony for the Jingshan 200 MW/400 MWh power-grid-side standalone ESS project, located in Duruan Town, Pengjiang District, was successfully held, marking the full commencement of construction on this key provincial and municipal new-type ESS power station project. As the province’s first energy storage project approved for national policy-based financial instruments, and also the country’s first 100-megawatt-class technical demonstration project for colloidal LFP ESS batteries, the Jingshan energy storage project has a total investment of over 500 million yuan, a total installed capacity of 200 MW/400 MWh, and covers an area of approximately 50 mu. It is located on the north side of the 220 kV Jingshan substation in Duruan Town. The commencement of the Jingshan energy storage project is an important measure by Pengjiang District to actively integrate into the city’s “13158” new-type industrial system.