VMAX: Comprehensive Cooperation with Texas Instruments Covering NEVs and AI Infrastructure

Li Auto (02015.HK) released an update on the progress of "Li Auto to Equip All Models with Self-Developed Batteries." Li Auto's previous decade was a startup phase, and the next phase requires sustained R&D investment to build technological barriers. In 2020, we formulated a key technology strategy: the two core technologies of intelligent EVs—batteries (battery cells) and chips—must be fully developed in-house. Currently, Li Auto's self-developed batteries have been deployed in the Li L8, Li L6, and Li i8, and going forward, Li Auto's self-developed batteries will be fully deployed across all of our car models. The deployment plan for Li Auto's self-developed batteries in Q4 of this year is as follows: The first deliveries of the new-generation Li MEGA will use CATL's 5C ternary lithium batteries. Once production preparations for Li Auto's self-developed batteries are complete, a full switch to Li Auto's self-developed 5C ternary lithium batteries will take place. The Li i9 will fully switch to Li Auto's self-developed 5C ternary lithium batteries after the self-developed batteries complete their production ramp-up. We will launch the 2026 Li i6 in Q4 of this year, equipped with Li Auto's self-developed 5C battery and self-developed Mach chip. At month-end September, we will open user reservations, with deliveries starting in early November.

Shida Shinghwa announced that its controlling subsidiary, Shenghua New Material Technology (Lianjiang) Co., Ltd., plans to invest in the construction of a 200,000 mt/year lithium battery electrolyte project, with an estimated total investment of 687 million yuan and a construction period of 12 months. On September 3, 2026, the company's board of directors approved the proposal with 9 votes in favor, 0 against, and 0 abstentions, and the matter does not require submission to the shareholders' meeting for review.

Zhu Gongshan, Chairman of the Global Green Energy Council and Chairman of GCL Group, delivered a keynote speech at the "2026 World Power Battery Conference" held today. He stated that the growth logic of the lithium battery industry has shifted, with EVs remaining the fundamental base, while energy storage, AIDC backup power, embodied robots, eVTOL low-altitude mobility, electric ships, and space energy applications are opening up entirely new demand spaces. Amid integration and symbiosis, batteries have become a universal energy carrier across domains, and with scenario proliferation, technological iteration, carbon compliance dividends, and AI empowerment, effective high-end capacity will continue to earn premiums.