【3.27 Lithium Battery News】President Trump announced a 25% tariff on all imported vehicles.

【Ministry of Commerce: Launch Pilot Reforms in Automobile Circulation and Consumption, Develop New Consumption Scenarios Such as Motorsports and RV Camping According to Local Conditions, Expand Aftermarket Consumption】The General Office of the State Council forwarded a notice from the Ministry of Commerce on "Several Measures to Support the Cultivation and Construction of International Consumption Center Cities." To support Shanghai, Beijing, Guangzhou, Tianjin, and Chongqing in accelerating the cultivation and construction of international consumption center cities, create a globally attractive consumption environment, comprehensively expand domestic demand, and expand high-level opening-up, the following policy measures were formulated. Among them, it mentioned supporting the pilot construction of a modern commercial circulation system, creating modern commercial circulation node cities with strong radiation and supply resilience. Launch pilot projects for retail innovation and upgrading, promote the transformation and upgrading of retail commercial facilities, digital empowerment, and diversified innovation. According to the functional positioning of cities, implement high-quality development projects in the wholesale industry, accelerate the innovation of wholesale business models, and promote the intelligent construction of wholesale markets. Accelerate the cultivation and construction of landmark business districts with diversified formats and high-quality resource aggregation, and create a number of characteristic streets. Launch pilot reforms in automobile circulation and consumption, develop new consumption scenarios such as motorsports and RV camping according to local conditions, and expand aftermarket consumption.

【US President Trump Announces 25% Tariff on All Imported Cars】US President Trump signed an executive order at the White House on March 26, announcing a 25% tariff on all imported cars. The related measures will take effect on April 2. Trump stated that the car tariffs will be permanent. He said that if cars are manufactured in the US, no tariffs will be imposed. Trump mentioned that Tesla CEO Elon Musk did not make any suggestions regarding car tariffs nor sought any benefits from them. Trump also stated that the US will impose tariffs on lumber and pharmaceuticals.》Click for details

【Henan: Aim to Complete Scrappage and Trade-in of Around 500,000 Vehicles by the End of 2025】The Henan Provincial Development and Reform Commission and others released the "Implementation Plan for Henan Province to Expand Large-scale Equipment Updates and Consumer Trade-ins in 2025." The plan specifies that by the end of 2025, the province aims to complete the scrappage and trade-in of around 500,000 vehicles for individual consumers, trade-in of over 8 million home appliances, promote the scrappage and renewal of about 4,700 old commercial trucks and 18,000 sets of agricultural machinery, update 800 new energy city buses, and replace 4,500 power batteries, further releasing the consumption potential of digital products, e-bikes, home furnishings, and other products.》Click for details

【TotalEnergies Announces Six Battery Investment Projects Totaling 160 Million Euros】TotalEnergies announced on the 26th the investment decisions for six battery energy storage projects, which will add a total of 221 megawatts of new energy storage capacity, with a total investment of 160 million euros. These projects will start construction by the end of 2024 and are planned to be put into use by early 2026.

【Revised "Beijing Fire Protection Regulations" to Take Effect in May: Prohibiting E-bikes in Elevators】The revised "Beijing Fire Protection Regulations" was passed by the 16th meeting of the Standing Committee of the 16th Beijing Municipal People's Congress and will take effect on May 1, 2025, building a stronger legal "firewall" for the city's fire safety. Responding to public concerns, the regulations explicitly prohibit parking e-bikes or charging them in public halls, evacuation passages, and other areas, and prohibit e-bikes and charging batteries from entering elevators. Violators may face a maximum fine of 1,000 yuan. At the same time, the regulations emphasize fire prevention, detailing measures for illegal operations during construction, the setting of two independent escape routes, and fire prevention measures in key places such as hospitals.

【Tianqi Lithium: Net Loss of 7.905 Billion Yuan in 2024, Turning from Profit to Loss YoY】》Click for details