NEV sales to exceed 1.2 million units in 2020 as production soared 104.5% in October

On September 28, Sanxia New Material announced that it plans to acquire no less than 53.14% of Zhuhai Saiwei Electronic Materials Co., Ltd. by issuing shares and paying cash, a deal expected to constitute a major asset restructuring. The company’s shares will be suspended from September 29, 2026, with the suspension expected to last no more than 10 trading days. The target company is mainly engaged in the R&D and production of electronic specialty materials such as lithium-ion battery electrolytes and new membrane materials, and holds a hazardous chemicals production license.

On September 29, the China Association of Automobile Manufacturers (CAAM) published an article titled “FAW and GAC’s Strategic Cooperation Provides a New Model for High-Quality Industrial Development.” It said that, objectively speaking, corporate equity cooperation and strategic restructuring involve assets, personnel, debt, and local interests. Cross-regional integration still faces practical problems such as the transfer of production capacity quotas, tax revenue sharing, and long approval chains, which to some extent constrain industrial consolidation and high-end development. CAAM will continue to serve as a bridge between the government and enterprises, promptly collect and report the difficulties and demands encountered by enterprises during integration, and call on relevant parties to improve supporting policies in areas such as capacity replacement, tax revenue sharing, asset disposal, and personnel resettlement, so as to clear obstacles for market-based integration. At the same time, CAAM will strengthen operations monitoring and industry self-discipline, promote typical experience in resource integration, guide enterprises toward rational development, orderly competition, and collaborative innovation, and foster an industrial ecosystem featuring survival of the fittest and collaborative progress. This will inject stronger momentum into the high-quality development of China’s intelligent connected new energy vehicle industry and accelerate the building of a world automotive power.

【East China's Jiangxi (Jiujiang): Tinci's 6 Production Lines Battery Recycling Project】According to an environmental impact report disclosure, a waste lithium battery resource recycling project has been accepted for review. The project is located in the Jinshawan Zone, Hugao County High-tech Industrial Park, Jiujiang, Jiangxi. It is designed with six processing systems: a renovation system for waste LFP iron battery material recycling (two LFP battery pre-treatment lines, one cathode sheet pre-treatment line, and one hydrometallurgical recovery line), a new waste LFP battery pack cascade utilization system (one cascade utilization production line), a new waste battery and electrode sheet pre-treatment system (one LFP battery pre-treatment line, one ternary battery pre-treatment line, and one LFP cathode sheet pre-treatment line), a new iron phosphate hydrometallurgical recovery system, a new nickel-cobalt-manganese salt production system, and a new lithium carbonate production system (two high-purity lithium carbonate lines and one battery-grade lithium carbonate line).