First of its kind in China: Shaanxi achieves a breakthrough in green hydrogen power applications

Liqi Intelligent announced that the company previously disclosed its intention to sign an Investment Cooperation Agreement with Wuxi Wanshanhu Industrial Development Co., Ltd. to invest in the construction of the Liqi lithium battery equipment intelligent manufacturing production site and R&D center project; on September 21, 2026, the company officially signed the agreement, with a total project investment of 2 billion yuan, and the main content of the agreement is consistent with the previous disclosure.

On the morning of September 28, the Comprehensive Deepening Reforms Commission of the Guangdong Provincial Party Committee held a meeting. The meeting emphasized the need to highlight application orientation and demand-driven approaches, promote the integrated development of artificial intelligence and the real economy, focus on consolidating the foundation of "machines," strengthening the advantages of "electronics," and deepening the guidance of "intelligence." It called for focusing on fields such as electronic information, NEVs, and high-end equipment, fully leveraging the demonstration and leading role of industry leaders, vigorously developing the new-type integrated electromechanical industry, and accelerating efforts to build "AI + robotics" into a high-tech, high-growth, large-scale industrial cluster. It also stressed the need to focus on important areas and key links in AI innovation applications, accelerate reform breakthroughs, strive to innovate scenario application mechanisms, concentrate on building a number of scenario display platforms, work intensively to optimize the innovation ecosystem, strengthen the supply of production factors, continuously improve regulatory systems and mechanisms, and firmly uphold the bottom line of safety to promote the high-quality development of artificial intelligence.

[NIO and Geely Holding Reach Formal Agreement on Strategic Transaction for Battery Swapping and Charging Business] On September 28, NIO-SW (09866.HK) announced on the Hong Kong Stock Exchange that it had entered into a formal agreement with certain subsidiaries of Zhejiang Geely Holding Group Co., Ltd. ("Geely Holding Group") for a strategic transaction involving battery swapping and charging business. Under the formal agreement, a subsidiary of Geely Holding Group will subscribe for newly issued equity in NIO Energy (a subsidiary of NIO operating battery swapping and charging business) using its 100% equity interest in Yiyi Interconnect Technology (Chongqing) Co., Ltd. (a subsidiary of Geely Holding Group providing battery swapping services to the commercial vehicle market) plus 640 million yuan in cash as consideration. Upon completion of the transaction, the Geely Holding Group subsidiary will hold 30% of the total equity of NIO Energy, NIO's subsidiary NIO Holding Co., Ltd. will continue to hold a controlling stake of 63.6%, and an existing investor, Wuhan Guangchuang Xinxing Technology Phase I Venture Capital Fund Partnership (Limited Partnership), will hold the remaining 6.4% equity. The transaction values NIO Energy at approximately 16 billion yuan on a post-money basis.