[SMM New Energy] Honggong Technology Conference Call Disclosure Lithium Battery Orders Accounted Approx. 90% in 2025

On March 2, Youngy Group announced that it signed the "Youngy Group Guangzhou Development Zone New Energy Intelligent Manufacturing Base" project on February 24. The project plans a total investment of 12 billion yuan and will encompass three core segments: consumer batteries, power batteries, and energy storage products. The project will address the shortcomings in Guangzhou's battery industry sector and also provide strong support for the development of emerging industries in the region, such as the low-altitude economy and intelligent robotics.

Recently, the commissioning ceremony for the first phase of Gansu Jinlin Lithium Battery New Materials Co., Ltd.'s annual 100,000-ton lithium-ion battery cathode material production line project was held in Lanzhou New Area. The project covers a total area of 363 mu with a total investment of 3.135 billion yuan. It will be constructed in two phases, each with a capacity of 100,000 tons. Construction of the first phase, the annual 100,000-ton lithium iron phosphate production line, began in April 2024 and has officially commenced production after over a year of construction.

February 2026 coincided with the Chinese New Year holiday. Affected by holiday factors, production pace across core segments of China’s sodium-ion battery industry generally slowed, showing an “off-season reset” trend. From cathodes, anodes, and electrolyte to battery cells and end-users, production across all segments declined MoM to varying degrees, while YoY still maintained a certain degree of growth resilience.