【SMM Analysis】Post-holiday Work Resumption Delays Cause Cobalt Sulfate Increase to Fall Short of Expectations

[Beijing's H1 Passenger Car New L2 Assisted Driving Penetration Rate Reaches 77.5%, L3 Mass-Produced Models First to Land] At the Media Roundtable of the 2026 World Intelligent Connected Vehicles Conference, Su Guobin, Deputy Director of Beijing Municipal Bureau of Economy and Information Technology, introduced that in H1 2026, the penetration rate of Level 2 combined assisted driving among new passenger cars in the city reached 77.5%, higher than the national average level of 70%; BAIC Arcfox Alpha S became one of the first L3-level conditional autonomous driving mass-produced car models nationwide, taking the lead in achieving legal road operation and commercial deployment of high-level autonomous driving; supported by the country’s first high-level autonomous driving demonstration zone, Beijing has cumulatively issued over 1,500 test licenses, with safe testing mileage exceeding 65 million kilometers. In terms of Beijing-Tianjin-Hebei collaboration, Beijing is jointly building an intelligent connected NEV technology and ecology port with Tianjin and Hebei, which has attracted over 200 industry chain enterprises, with 53 signing and settling. Next, Beijing will focus on four aspects: industrialisation of high-level autonomous driving, “Dual Intelligence” 4 construction, core technology breakthroughs, and Beijing-Tianjin-Hebei industrial collaboration, to build a world-class industrial cluster.

[CGN Ningde 200 MW Offshore PV Project Fully Connected to Grid and Generating Power] The CGN Ningde 200 MW offshore PV project has been fully connected to the grid and is generating power. The project is one of the first batch of offshore PV projects in Fujian Province, and also CGN's first "nuclear-PV co-located" offshore PV project. It has an installed capacity of 200 MW and is equipped with a 20 MW/40 megawatt hour ESS. During its 25-year operational period, the project is expected to deliver an average annual on-grid power generation of about 300 million kWh, equivalent to reducing standard coal consumption by approximately 91,300 mt and cutting carbon dioxide emissions by roughly 198,000 mt.

On the evening of July 30, Ronbay Technology issued an announcement stating its plan to invest in the construction of the Xiantao annual 300,000-ton sodium cathode material integrated project. The project has a planned total capacity of 300,000 tons per year, to be constructed in three phases and gradually put into production: Phase I for 50,000 tons, Phase II for 100,000 tons, and Phase III for 150,000 tons. The overall construction period is estimated at 24 months. The total investment for the project is approximately 4.723 billion yuan, of which 4 billion yuan is for fixed assets and 723 million yuan is for working capital. The project plans to cover approximately 380 mu of land, with a total floor area of about 350,000 square meters. Construction will include three production workshops and supporting facilities such as a wastewater treatment station, air compressor station, power distribution station, and warehouse.