[Youngy Co.: H1 2026 Revenue Of 1.524 Billion Yuan, Up 402.35% YoY]

POSCO Group announced on August 19 that it will cooperate with Chinese cathode materials producer Longbai Group across the secondary battery materials value chain, including battery-grade lithium supply and used battery recycling. POSCO Holdings signed a strategic MOU with Longbai Group at POSCO Center in Seoul. Under the agreement, POSCO Group will seek to supply battery-grade lithium produced in South Korea and overseas to Longbai Group. Potential supply sources include lithium produced from Australian ore by POSCO Pilbara Lithium Solution in Yulchon Industrial Complex, brine-based lithium from POSCO Argentina, and lithium recovered from used batteries by POSCO HY Clean Metal. POSCO Pilbara Lithium Solution plans to complete Longbai Group’s quality certification process for its ore-based battery-grade lithium hydroxide by the fourth quarter of this year. Once certification is completed, the two sides will discuss potential mass-production supply.

On August 20, EVE Energy disclosed its semi-annual report for 2026. During the reporting period, the company achieved operating revenue of 45.691 billion yuan, a year-on-year increase of 62.20%. By product segment, revenue from energy storage batteries reached 15.094 billion yuan, a year-on-year increase of 69.15%, with a gross margin of 12.51%, down 1.36 percentage points year-on-year. During the reporting period, power battery shipments reached 35.76 GWh, a year-on-year increase of 66.47%; energy storage battery shipments reached 44.46 GWh, a year-on-year increase of 54.88%. The commercial vehicle supporting business and large cylindrical battery business continued to scale up, showing significant growth momentum. Both domestic and overseas business revenue achieved growth exceeding 62%, though gross margins declined in both regions. The gross margin for domestic business decreased by 1.96 percentage points, while the gross margin for overseas business decreased by 6.23 percentage points.

[Rongjie Energy Secures 4GWh Energy Storage Order from India] Rongjie Energy and Indian energy storage integrator Lineage Power officially signed a framework cooperation agreement for 4GWh of LFP battery cells in 2027. Based on Lineage Power's preliminary demand plan for energy storage projects in 2027, it plans to purchase from Rongjie Energy a total of 4GWh of 314Ah and 588Ah battery cells, primarily for utility-scale energy storage and industrial and commercial ESS scenarios.