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

Shanshan announced a private share placement to its indirect controlling shareholder Conch Group, which will subscribe in full with cash, raising up to RMB 4 billion. Part of the proceeds will fund a 150,000-ton-per-year lithium battery anode integrated base in Baotou, Inner Mongolia, with planned investment of RMB 5.106 billion and 50,000 tons of supporting graphitization capacity; RMB 1.5 billion will supplement working capital.

Do-Fluoride released its Q3 2026 report, with revenue of RMB 10.927 billion for the first three quarters, up 62.39% YoY, and net profit attributable to shareholders of RMB 592 million, up 658.72% YoY. The company said the growth was mainly driven by rising revenue from its new energy materials and battery segments.

GM outlined its fourth-generation EV platform at the GM Forward event in New York on October 21 local time. The platform will use lithium manganese-rich (LMR) prismatic cells to be manufactured by Ultium Cells, its joint venture with LG Energy Solution, in Spring Hill, Tennessee. GM’s design target is 33% greater energy density than LFP batteries at a comparable cost. Combining the new batteries, propulsion systems and aerodynamics, the company also targets approximately 20% more driving range per kilowatt-hour than its current vehicles. The new drive units are designed with 40% fewer internal components, while the electrical architecture reduces wiring length by 30%.