[3.25 Lithium Battery Express] Trump Said He Would Announce Additional Tariffs on Cars, Chips in Coming Days

[Trump Says May Offer Tariff Concessions to Many Countries but Requires "Reciprocity"]US President Trump stated on the 24th that he will announce additional tariffs on cars, wood, and chips in the coming days. Trump also mentioned that as the April 2nd "reciprocal tariff" implementation date approaches, he may offer tariff concessions to many countries, but they need to achieve "reciprocity." Trump said the EU has agreed to reduce car tariffs to 2.5%, matching the US level. Additionally, Trump further clarified that not all tariffs will take effect on April 2nd.

[Hyundai's Georgia Plant Expected to Open This Week with Target Annual Capacity of 500,000 Units]Hyundai Motor Group announced on March 25th that its electric vehicle dedicated plant (HMGMA) in Georgia, USA, plans to hold an opening ceremony later this week. The plant is currently expected to have an annual capacity of 300,000 units, but Hyundai Motor Group plans to increase this number to 500,000 units.

[BYD: 2024 Net Profit Up 34% Plans to Pay 39.74 Yuan per 10 Shares]BYD announced that it released a summary of its 2024 annual report, achieving operating revenue of 777.102 billion yuan, up 29.02% YoY; net profit attributable to shareholders of publicly listed firms was 40.254 billion yuan, up 34.00% YoY. The company plans to distribute a cash dividend of 39.74 yuan (tax included) per 10 shares. Main businesses include NEVs, mobile components and assembly, rechargeable batteries, and PV business. Note: Q3 net profit was 11.61 billion yuan, thus Q4 net profit was 15.02 billion yuan, up 29.37% MoM.

[Capchem: 2024 Net Profit Down 6.83% Plans to Pay 4 Yuan per 10 Shares]Capchem announced that in 2024, it achieved operating revenue of 7.847 billion yuan, up 4.85% YoY; net profit was 942 million yuan, down 6.83% YoY. The company plans to distribute a cash dividend of 4 yuan (tax included) per 10 shares. During the reporting period, the growth of the new energy industry slowed down, competition in battery chemicals intensified, product prices continued to decline, and international trade frictions increased. Meanwhile, the company's newly launched projects are in the capacity ramp-up phase, leading to increased operational costs, which posed challenges to the company's performance.

[Bijiet: Seawater Lithium Extraction Project Still Under Optimization Based on Cost Analysis and Application Scenarios]Bijiet stated on the interactive platform that its core technologies, such as high-salt wastewater zero-discharge salt separation technology and efficient reclaimed water reuse process technology, have been successfully applied in the Penglai 100,000 mt/day seawater desalination project. The seawater lithium extraction project, based on cost analysis and application scenarios, is still under further optimization.

[EVE: Subsidiary Receives Supplier Designation Notice from Changan Auto]EVE announced that its subsidiary, Hubei EVE Power Co., Ltd., received a supplier designation notice from Changan Auto for HEV battery packs and other components. The progress of the project remains uncertain, and the actual supply volume will be based on formal sales orders. The impact on this year's operating performance is yet to be determined.