[SMM New Energy] Another Lithium Battery Giant Conducts Equity Acquisition

The groundbreaking ceremony for the Heyi Xinneng Pujiang Small and Medium-Sized Solid-State Battery Intelligent Manufacturing Base was successfully held. With a total investment of approximately 1 billion yuan, this base is a key strategic move by Heyi Xinneng to establish a collaborative dual-manufacturing base layout in "South China + East China." It bears the important mission of expanding the East China market, integrating regional industrial resources, and enhancing supply chain responsiveness.

On January 29, 2026, Idemitsu Kosan officially began construction of a large-scale pilot facility for solid electrolytes, marking a critical milestone after three decades of dedication to the sulfide route and thirteen years of deep collaboration with Toyota. The plant is designed to achieve an annual capacity of several hundred metric tons, aiming to address key challenges in scaling up production and reducing costs ahead of mass manufacturing.

Ningbo Shanshan Co., Ltd. issued an annual profit forecast announcement for 2025 on January 31, projecting a net profit attributable to shareholders of the publicly listed firm ranging from 400 million to 600 million yuan for the full year, achieving a turnaround from loss to profit on a YoY basis. After deducting non-recurring gains and losses, the net profit is expected to be between 300 million and 450 million yuan.