Rivian–Redwood Sign Partnership to Power Recycling Facility with Used Batteries

The Industry Coordination and Development Branch of the China Automobile Dealers Association stated as the Beijing International Auto Show in late April gradually gained momentum, multiple heavyweight new models were launched in quick succession to stimulate consumer demand, and the front-loading of car purchase demand ahead of the Labour Day holiday provided a boosting effect, the passenger vehicle market was expected to recover steadily in the second half of April, maintaining a stable and positive operating pace. Taking the above factors into account, end-user sales of passenger vehicles for the full month of April were projected to reach 1.6 million units.

On April 16, Zhejiang Huayou Cobalt Co., Ltd. released its first quarter report for 2026. During the reporting period, Huayou Cobalt achieved operating revenue of 25.804 billion yuan, a year-on-year increase of 44.62%; total profit of 3.692 billion yuan, a year-on-year increase of 100.49%; net profit attributable to shareholders of the listed company of 2.497 billion yuan, a year-on-year increase of 99.45%; and net profit after deducting non-recurring gains and losses of 2.070 billion yuan, a year-on-year increase of 68.76%. As of the end of the first quarter, Huayou Cobalt's total assets reached 174.669 billion yuan, an increase of 9.55% compared to the end of the previous year.

On April 16, Easpring disclosed that it is accelerating the layout of its lithium iron phosphate integrated business. Beijing Easpring Material Technology Co., Ltd. signed "Equity Transfer Agreements" on April 15, 2026, with Zhejiang Youshan New Material Technology Co., Ltd. and Yunnan Yuntianhua Co., Ltd. regarding the transfer of partial equity interests in Yunnan Youtian New Energy Technology Co., Ltd. and Yunnan Yunyuneng New Materials Co., Ltd., respectively. Easpring plans to use its own or self-raised funds totaling 145 million yuan to purchase 51% equity in Youtian Technology and 49% equity in Juneng New Material held by Youshan Technology.