【4.24 Lithium Battery News】Six Major US Automotive Industry Organizations Jointly Oppose Imposing Tariffs on Auto Parts

Tianqi Lithium: Q1 Net Profit Expected to Turn Around to 82-123 Million Yuan, YoYTianqi Lithium (002466.SZ) announced that it expects net profit attributable to shareholders of the listed company in Q1 2025 to be between 82 million and 123 million yuan, compared to a loss of 3.897 billion yuan in the same period last year. With the gradual intake of newly purchased lithium concentrates and the digestion of inventory lithium concentrates, the cost of chemical-grade lithium concentrates consumed in the production costs of the company's production sites has largely aligned with the latest purchase prices. Meanwhile, driven by the ramp-up of self-owned plants and technological transformation, the company's production and sales of lithium compounds and derivatives achieved YoY growth in Q1 2025. (Cailian Press)

Six Major US Auto Industry Groups Jointly Oppose Tariff Hike on Auto PartsSix major US auto industry groups, representing auto dealers, suppliers, and nearly all major automakers, jointly sent a rare letter to the US Treasury Secretary, Commerce Secretary, and US Trade Representative, urging the federal government not to impose additional tariffs on imported auto parts. The letter stated that tariff hikes on auto parts would disrupt the global auto supply chain, trigger chain reactions, lead to higher car prices, lower sales, and make auto after-sales services and repairs more expensive and unpredictable. (Cailian Press)

Geely Holding Unifies Its Battery Brands Under "Shen Dun Gold Brick," Models to Gradually Adopt Self-Produced CellsCailian Press learned that Geely Holding Group recently completed the strategic integration of its battery business, officially establishing a new battery industry group, Zhejiang Jiyao Tongxing Energy Technology Co., Ltd. (referred to as "Jiyao Tongxing"). The company unified its original Gold Brick Battery and Shen Dun Short Blade Battery into the Shen Dun Gold Brick Battery brand, integrating Geely's self-developed and self-produced battery safety systems with cell products. In the future, Geely Holding's high-end luxury brands, such as Zeekr, will fully adopt the Gold Brick cells, and strategic models across Geely's brands will also be equipped with Gold Brick cells. Note: Tianyancha data shows that Jiyao Tongxing was established on January 26 this year, with actual control by Geely Group founder Li Shufu. (Cailian Press)

CATL Collaborates with Five Automakers to Launch 10 New Chocolate Battery Swap ModelsAt the 2025 Shanghai Auto Show, CATL's Chocolate Battery Swap, in collaboration with FAW, Changan, BAIC, Chery, and GAC, launched 10 new Chocolate Battery Swap models, with nine set to debut this year. GAC Group, as the first automaker to fully cooperate with the Chocolate Battery Swap ecosystem, will introduce the Chocolate standard in more of its models and collaborate with CATL in areas such as battery swap station construction, battery banking, marketing of battery swap models, and cascade utilization of retired batteries. (Cailian Press)

Honda to Jointly Develop LFP Batteries with CATLHonda announced that it will collaborate with CATL to develop an efficient platform for directly placing batteries within the auto body. The two companies will jointly develop LFP batteries, which are planned to be adopted in the upcoming third-generation YE series models. (Cailian Press)

Yicheng New Energy Plans to Acquire 80% Stake in Energy Storage Company and Increase CapitalYicheng New Energy (300080.SZ) announced that it plans to acquire an 80% stake in Henan Pingmei Shenma Energy Storage Co., Ltd. (referred to as "Energy Storage Company") held by its controlling shareholder, China Pingmei Shenma Group. After the acquisition, all shareholders of the Energy Storage Company will proportionally increase capital by 125 million yuan, with Yicheng New Energy contributing 100 million yuan. Following the acquisition and capital increase, the registered capital of the Energy Storage Company will increase from 30 million yuan to 155 million yuan, and Yicheng New Energy will hold an 80% stake, making the Energy Storage Company its subsidiary. The acquisition price for the 80% stake is 35.497 million yuan. The Energy Storage Company primarily produces and sells intelligent lithium-ion battery energy storage systems. After the acquisition, the company will achieve a combination of long-duration and short-duration energy storage, which will help strengthen and expand its main business. (Cailian Press)