[Auto: Li Auto to invest RMB 2.65bn in Sunwoda EVB, becoming 2nd-largest shareholder with 8.79%]

Eight Chinese energy storage battery makers — CATL, EVE, Sunwoda, Gotion, CALB, Ganfeng, REPT and Great Power — reported combined H1 2026 revenue of RMB 464.4 billion and net profit of RMB 56.1 billion, with all companies profitable and three turning from loss to profit. CATL led with RMB 43.3 billion in net profit. Surging storage demand was the main growth driver; four companies booked over RMB 10 billion each in storage revenue, and storage now accounts for more than half of revenue at Great Power and REPT.

[Sunwoda: Subsidiary plans to introduce Li Auto with a capital increase of 2.65 billion yuan] Sunwoda announced that its subsidiary SEVB plans to expand its capital and introduce Li Auto. Li Auto intends to invest 2.65 billion yuan to subscribe for 1.4 billion yuan of newly increased registered capital, corresponding to an 8.79% stake in SEVB upon completion of the capital increase. The company's seventh board of directors has approved the proposal at its first meeting. Upon completion of the capital increase, Sunwoda Huizhou New Energy Co., Ltd.'s shareholding ratio will change from 26.38% to 24.06%, and SEVB will remain included in the consolidated financial statements.

[SMM Analysis: How to Overcome the High-Pressure Challenge in Sulphide Solid-State Batteries — An In-Depth Analysis of Global Technical Routes] On September 1, 2026, China FAW, in collaboration with Eastern Institute of Technology, achieved a major technical breakthrough in the low-pressure operation of sulphide all-solid-state batteries. The related results were published in the top international journal Advanced Energy Materials under the title "Ion-Elastomer Interface Enables Low-Pressure, High-Stability Solid-State Batteries." Addressing the industry bottleneck that all-solid-state batteries generally require an operating pressure above 20 MPa, the two parties successfully achieved stable cycling of large-capacity sulphide all-solid-state battery cells under a low pressure of 5 MPa through material morphology control, low-pressure cell structure design, and preparation process optimization. This breakthrough marks a key step forward for China in the core technologies essential for the practical application of sulphide all-solid-state batteries.