The Passenger Car Association announced the retail data for new energy vehicles in March. The association stated that the retail penetration rate of new energy vehicles in the overall domestic passenger car market reached 51.1% in March, an increase of 8.7 percentage points YoY. In domestic retail sales for March, the penetration rate of new energy vehicles among independent brands was 72%; among luxury vehicles, it was 35%; while among mainstream joint venture brands, it was only 6%.

The 10,000 mt Scrap LFP Battery Positive Pole Piece Recycling Project: Anhui Xiaobu New Energy Technology Co., Ltd. has completed the full-text announcement for its annual recycling and processing project of 10,000 mt of scrap LFP battery positive pole pieces. The project is located in the Jin'an Ecological Industrial Park of Chizhou Economic and Technological Development Zone. With a total investment of 100 million yuan, the project will purchase equipment such as pyrolysis furnaces, vibrating screens, vacuum ribbon mixers, iron removers, filling and packaging machines, nitrogen generators, and dust and waste gas treatment devices. It will establish a production line for the recycling of scrap LFP battery positive pole pieces, achieving an annual recycling and processing capacity of 10,000 mt of scrap LFP battery positive pole pieces upon completion.

Huaneng Power International's 2025 New Energy Project Is Expected to Exceed 50 Billion Yuan in Capital Expenditure. Huaneng Power International, Inc. plans to invest over 50 billion yuan in new energy projects by 2025. The company aims to establish large-scale clean energy bases in the "Three North" regions, coastal areas such as Liaoning, Shandong, Jiangsu, Zhejiang, and Guangdong, as well as central regions with favorable new energy resources. These bases will be characterized as base-type, clean-type, complementary-type, intensive, digital, and standardized, focusing on promoting energy structure transformation. In 2024, Huaneng Power International's capital expenditure for new energy projects was 44.8 billion yuan, with a controllable installed capacity of 9,417.7 MW for newly commissioned new energy projects. The proportion of low-carbon clean energy installed capacity exceeded 35%. By the year-end of 2024, Huaneng Power International's wind power installed capacity reached 18,109 MW, and solar power installed capacity reached 19,836 MW.