Hoypower Completes Hundreds Of Millions Of Yuan In Series A+ Financing

Zimbabwe announces 14 minerals including lithium and nickel as 'critical minerals,' mandating state ownership – otherwise mining is not allowed. Chinese executive: mainly targets new mining projects, limited impact on existing ones.

On May 25, the board of directors of Sunwoda reviewed and approved a proposal regarding the capital increase and share expansion of its subsidiary, Sunwoda Power. It agreed that 13 enterprises—including Gongrong Financial Investment, Yuanzhi Gongrong, Nongyin Investment, Zhongyou Investment, Jinyan Business Management, Deyang Investment Holdings, Regional Synergy Fund, Zhigu Investment, United Winners Laser, Yinghe Technology, Jiaxing Jixin, Yip's Chemical, and Luohu High-Tech Investment—would jointly invest a total of 1.6798 billion yuan to increase the capital of Sunwoda Power. These enterprises will collectively hold 6.30% of Sunwoda Power's shares, while Sunwoda's equity stake in Sunwoda Power will change from 29.00% to 27.18%.

On May 26, the MIIT released its 2026 automotive standardization work priorities, focusing on expanding NEV standards. For power batteries, the ministry will accelerate safety standards for dismantling and crushing, and promote standards for battery dimensions and thermal management systems. Research will also deepen into battery cycle life, safety and performance evaluation, labeling, recycling, and BMS. Additionally, guidelines emphasize reviewing standards for chassis battery swapping, V2G, and automated charging.