SAIC Capital to Establish 2.5B Yuan Fund for AI, Solid-State Batteries, and Chip Localization

On March 3, the 120,000 kW generation-grid-load-storage integrated project of Inner Mongolia Envision New Materials Co., Ltd. in Damaoqi successfully achieved grid connection. The project’s core construction covers two major segments: power supply and energy storage. The wind power section has a total installed capacity of 120 MW, with a 22 MW/22 MWh electrochemical ESS built simultaneously. The project adopts advanced grid-forming ESS technology, enabling smoothing and regulation of wind power output and flexible power dispatch, effectively improving the stability of power supply and supporting the efficient consumption of new energy power.

A blocked Strait of Hormuz would upend global methanol supplies, hammer conventional methanol markets, and elevate green methanol’s strategic value, pushing China to diversify imports and boost green methanol for supply security.

[Dawn Automobile: Production and Sales of Certain Car Models Surged YoY in February 2026] Dawn Automobile announced that in February 2026, the company’s complete-vehicle production was 281 units, up 3,022.22% YoY; cumulative production for the year was 562 units, up 1,270.73% YoY. Complete-vehicle sales were 123 units, up 61.84% YoY; cumulative sales for the year were 171 units, up 5.56% YoY. Among them, pickup and special-purpose vehicle production and sales both rose sharply YoY. However, axle production and sales both declined YoY, and the YoY decline in new-energy axle production and sales was significant.