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On January 30, Shanghai's Development and Reform Commission and Finance Bureau announced a policy to support vehicle replacement. Individuals who transfer a passenger car registered in their name and purchase a new energy passenger vehicle (listed in the NEV purchase tax exemption catalog) or a fuel-powered passenger vehicle with an engine displacement of 2.0 liters or less are eligible for subsidies. The subsidy for purchasing a new energy passenger vehicle is 8% of the vehicle price, capped at 15,000 yuan. For purchasing a fuel-powered vehicle (2.0L or below), the subsidy is 6% of the vehicle price, capped at 13,000 yuan.

On January 30, 2026, the Phase 3 chemical-grade spodumene concentrate expansion project at Talison successfully produced its first batch of qualified products and has now entered the production ramp-up stage. The project will provide a stable supply of raw materials for Tianqi Lithium's global production bases, enhance synergy across the industry chain, and is expected to further strengthen the company's profitability.

On January 30, EVE Energy announced that its partially-owned affiliate HYD Investment Limited (15% indirect stake) has signed a framework agreement with Indonesian state-owned enterprises ANTAM and IBC to collaborate across the entire new energy vehicle battery industry chain in Indonesia. The required ore will be supplied by an ANTAM subsidiary. The parties will jointly develop an integrated battery industry chain project in Indonesia, encompassing mining, smelting, refining, precursor and cathode materials, battery production, and recycling, achieving vertical integration from mining to end products.

On January 30, Huayou Cobalt announced that its controlled subsidiary HYD has signed a cooperation framework agreement with ANTAM and IBC. The three parties will collaborate in Indonesia to develop the full industry chain for new energy vehicle batteries. According to the agreement, the parties intend to invest in and construct an integrated battery industry in Indonesia, aiming to establish the country as a production base for electric vehicle batteries and other battery application products. These products will supply the domestic Indonesian market, regional markets, and international markets, thereby contributing positively to Indonesia's sustainable economic development.

GAC Group disclosed its 2025 Annual Performance Forecast on the 30th. The announcement indicates that due to increased sales investment, higher asset impairment provisions, and reduced investment income, the company expects its net profit attributable to shareholders to decline year-on-year for 2025. Meanwhile, public information shows that GAC Group achieved annual retail sales of 1.8135 million vehicles across the entire group in 2025. Driven by reform measures, the company has recorded three consecutive quarters of quarter-on-quarter sales growth starting from Q2. Notably, Q4 retail sales exceeded 537,800 vehicles, marking a quarter-on-quarter increase of 25.56%. In 2025, overseas sales of GAC's proprietary brands reached nearly 130,000 units, representing a 47% year-on-year growth.

On January 30, Lang Xianpeng, former Senior VP of Autonomous Driving at Li Auto, announced via social media that he has moved to lead humanoid robotics development, stating he will "learn and welcome guidance." Reports indicate Li Auto has restructured its R&D into foundational models, software, and hardware teams, with Lang heading hardware for robotics instead of autonomous driving. CEO Li Xiang recently told staff the company will develop humanoid robots alongside vehicles and plans a prompt launch.

[Ministry of Finance: Sales of Products Related to Consumer Goods Replacement Program Exceed 2.6 Trillion Yuan in 2025] On January 30, Wu Gai, Deputy Director of the Economic Development Department of the Ministry of Finance, stated at a press conference held by the ministry that, according to preliminary statistics, the sales of products related to the consumer goods replacement program exceeded 2.6 trillion yuan in 2025. The program benefited approximately 360 million person-times. Within this initiative, over 11.5 million vehicles were traded in under the auto replacement scheme, with new energy vehicles accounting for nearly 60% of the sales generated by the automobile trade-in program.

According to data released by the National Bureau of Statistics (NBS), the total profits of industrial enterprises above the designated size nationwide reached 7.4 trillion yuan in 2025, an increase of 0.6% compared to the previous year, successfully reversing the previous three consecutive years of decline. Specifically, in December, the profit situation of industrial enterprises above the designated size improved significantly, shifting from a 13.1% decline in November to a 5.3% growth.

U.S. President Trump once again issued a threat to Iran, stating that if action is taken against Iran again, the strikes will be even more severe. Trump also revealed that a large fleet is heading toward Iran and is prepared to carry out missions swiftly. In response to this threat from Trump, Iranian Foreign Minister Araghchi stated that Iran's armed forces are on high alert and will swiftly and decisively retaliate against any violation of Iran's territory, airspace, or territorial waters.

In response to the impact of low-priced imported vehicles on the domestic automotive industry in recent years, South Africa is considering imposing additional tariffs on complete vehicles imported from China and India, with the maximum rate reaching up to 50%. Data shows that in South Africa's vehicle import market, vehicles imported from China accounted for 53% of the total in 2024, while those from India accounted for 22%.

The US experienced a trade deficit in November 2025 due to declining exports and rising imports, with the deficit reaching $56.8 billion, up approximately 95% MoM. During the month, the export value was $292.1 billion, down 3.6% MoM, while the import value reached $348.9 billion, showing a 5% increase.

The Ministry of Industry and Information Technology (MIIT) convened a symposium with entrepreneurs in the PV industry, emphasizing that under the current circumstances, the primary challenge in regulating the PV sector lies in "anti-involution." To address this, comprehensive measures are required, including capacity control, price enforcement, and prevention of monopoly risks. Through market-oriented and rule-of-law approaches, collaborative efforts should be made to steer the PV industry toward healthy competition and rational development.

Recently, at Davos, the US Trade Representative informed reporters that prior to a potential meeting between the leaders of China and the United States (or an encounter, understood here as a meeting with no specific timing confirmed), there exists an opportunity for both sides to initiate a new round of economic and trade negotiations. In response, the Ministry of Commerce stated that China is willing to work with the US to make good use of the China-US economic and trade consultation mechanism, in order to manage differences and promote cooperation.

The General Office of the State Council issued the "Work Plan for Accelerating the Cultivation of New Growth Drivers in Service Consumption," which introduces 12 policy measures across three dimensions: stimulating development vitality in key areas, fostering momentum in potential sectors, and strengthening support mechanisms. The plan explicitly identifies transportation, home services, online audiovisual content, residential tourism, the automotive aftermarket, and inbound consumption as key service consumption sectors.