[4.29 Lithium Battery News] MIIT: Advancing the Review and Approval of Standards for Power Battery Durability, Thermal Management Systems, etc.

[MIIT Releases Key Points for Automotive Standardization Work in 2025: Advancing Standard Review and Approval for Power Battery Durability, Thermal Management Systems, etc.]The Ministry of Industry and Information Technology (MIIT) has released the key points for automotive standardization work in 2025, with a focus on enhancing the safety standards of new energy vehicles (NEVs). This includes promoting the release of standards for remote services and management of electric vehicles (EVs), implementing safety requirements for power batteries, advancing the review and approval of safety standards for EVs, conducting pre-research on mandatory national standards for safety requirements of fuel cell electric vehicles and the recycling and utilization of power batteries, and continuously improving the safety standards of EVs. Efforts will also be made to advance the review and approval of standards for power battery durability, thermal management systems, etc., accelerate the development of standards for all-solid-state batteries, in-service testing of power batteries, and identification labels for power batteries, and continuously optimize the performance requirements for power batteries. The formulation of standards for efficiency test methods for drive motor systems will be accelerated, pre-research on standards for distributed drive motor systems, hybrid power systems, and onboard hydrogen systems will be conducted, and the quality requirements for key system components will be strengthened. The release and implementation of standards for the safety requirements of battery swapping for commercial vehicles will be promoted, the formulation of standards for charging performance, chassis battery swapping, and battery swapping compatibility testing will be accelerated, pre-research on megawatt-level charging standards for commercial vehicles will be conducted, and the convenience of EV use will be enhanced.

[Inner Mongolia: The Autonomous Region Provides NEV Purchase Subsidies at a 1:0.5 Ratio in Line with National Subsidy Standards]The "Administrative Measures for Special Funds for the Promotion and Application of New Energy Vehicles in the Inner Mongolia Autonomous Region" was released on April 28. It proposes that the autonomous region (the sum of subsidies from the autonomous region's finance and the finance of leagues and cities) will provide NEV purchase subsidies at a 1:0.5 ratio in line with the national subsidy standards for NEVs during the same period. The subsidy portion from the autonomous region will be shared equally by the autonomous region's finance and the finance of leagues and cities, with the total fiscal subsidies from the national, autonomous region, and league/city levels not exceeding 60% of the vehicle's selling price. The special funds will only subsidize NEVs purchased before the end of 2022, and the subsidy requirements will be implemented in accordance with the relevant provisions of the "Notice on the Fiscal Subsidy Policy for the Promotion and Application of New Energy Vehicles in 2022" (CJ [2021] No. 466) issued by the Ministry of Finance and other four ministries and commissions.

[Chengdu Introduces 20 Policies to Build a Modern, First-Class Power Grid]The General Office of the Chengdu Municipal Government issued "Several Policy Measures to Further Enhance Chengdu's Power Supply Capacity," which comprehensively implements 20 policy measures from eight aspects, including accelerating the construction of power grid projects, accelerating the construction of distributed PV and new-type energy storage projects, encouraging multi-energy complementary energy supply, and enhancing the vehicle-grid interaction level of EV charging and battery swapping facilities. These measures aim to further enhance Chengdu's power supply capacity and support the development of the Chengdu power grid into a modern, first-class grid.

[Porsche China Responds to Rumors of "Considering Halting EV Sales in China": It's a Misinterpretation; Porsche Will Continue to Accelerate Electrification in China]In response to rumors that "Porsche is considering halting EV sales in China," Porsche China responded in the evening, stating, "This is a misinterpretation. Porsche will continue to accelerate the electrification process in China at full speed and will also expedite the provision of localized solutions for product digitization. Our next EV model will be the all-new all-electric Cayenne."

[Porsche Expects Full-Year Revenue of 37-38 Billion Euros, Lower Than Previous Estimates]Porsche expects full-year revenue of 37-38 billion euros, down from the original estimate of 39-40 billion euros. The company expects a full-year automotive EBITDA margin of 16.5%-18.5%, down from the original estimate of 19%-21%. It also expects a full-year operating profit margin of 6.5%-8.5% for the Robot Operating System (ROS), down from the original estimate of 10%-12%.

[Bojun Technology: Plans to Invest 1 Billion Yuan in Jinhua to Build an Automotive Lightweight Parts Production Base Project]Bojun Technology (300926.SZ) announced that it plans to build an automotive lightweight parts production base project in the Jinhua Economic and Technological Development Zone, with a total investment of 1 billion yuan. To ensure the investment, construction, and operation management of the project, the company plans to establish a wholly-owned subsidiary, Zhejiang Bojun Technology Co., Ltd., to implement the investment, construction, and operation of the project. The new company has a registered capital of 30 million yuan and its business scope includes the R&D, manufacturing, and sales of automotive parts. The project construction period is expected to pass the completion acceptance within 30 months from the date of land delivery. The project aims to accelerate the lightweight and modular development of the company's automotive parts, expand its production and supply capabilities in the Yangtze River Delta region, and promote the regional optimization of its capacity distribution.