State Council's State-Owned Assets Commission to Conduct Separate Assessments of New Energy Vehicle Operations for Central State-Owned Automobile Companies

[SMM Analysis: Impact on Solid-state Batteries of the Ministry of Commerce Adding 10 US Entities to the Export Control List] On June 22, 2026, the Ministry of Commerce issued an announcement and, effective immediately, formally implemented the "Export Control List (June 22, 2026)," which includes 10 US entities. This export control measure has almost no direct impact on China's solid-state battery industry, but attention should be paid to the indirect link of the rare earth supply chain. (1) China already has export controls on high-end batteries with an energy density exceeding 300 Wh/kg (including semi-solid and all-solid-state), and this measure targeting specific entities is an extension of the existing control framework rather than a new restriction specifically aimed at the solid-state battery industry. (2) The solid-state battery industry is still in the development stage and has not yet generated a significant export demand.

Recently, Farasis Energy and German energy technology company WLF Energy signed a strategic cooperation agreement. According to the agreement, both parties will jointly develop technology and product roadmaps, and collaborate on the development of next-generation battery technology and energy storage products for the utility, commercial and industrial, and distributed energy storage markets.

On June 21, Hualian Holdings Co., Ltd. disclosed the progress of the Arizaro project transaction. As the transaction is still in the process of fulfilling overseas investment approval procedures, the buyer and seller negotiated and signed an "Extension Agreement," extending the deadline for the share purchase agreement to August 20, 2026. This further extension is due to the impending expiration of the deadline stipulated in the original agreement, while the ODI approval process is still ongoing. According to the extension agreement, if the transaction has not been completed by August 20, the deadline will be automatically extended to October 20, 2026, without the need for both parties to sign additional documents.