[5.7 Lithium Battery News] European Parliament Approves EU's Relaxation of Carbon Emission Rules for Automakers

[CATL Reportedly Seeking $1 Billion Loan to Expand Indonesian Plant]CATL is reportedly seeking a loan of approximately $1 billion to invest in its Indonesian project. The loan term is likely to be five to seven years, with the funds to support CATL's joint venture in Indonesia, which plans to build a battery factory in Karawang, West Java Province. (Financial Associated Press)

[European Parliament Approves EU's Relaxation of CO2 Emission Rules for Automakers]The European Parliament has approved the EU's more lenient CO2 emission targets for passenger cars and vans, which will give European automakers more time to comply with the regulations and reduce potential fines. The flexibility measures proposed in the revised plan will allow automakers to measure compliance with emission reduction targets based on the average CO2 emission levels over the three-year period from 2025 to 2027, rather than annual reviews. This plan still requires approval from the EU Council. (CCTV News)

[UK and India Reach Free Trade Agreement; India to Cut Tariffs on 90% of UK Imports]The UK government has stated that India will cut tariffs on 90% of UK imports, with 85% achieving zero tariffs within a decade. Additionally, India will halve tariffs on whisky and gin imported from the UK to 75%, and reduce car tariffs to 10% under a quota. It is expected that by 2040, the agreement between the UK and India will increase the UK's GDP by £4.8 billion annually, while the trade agreement will boost bilateral trade by £25.5 billion annually. (Financial Associated Press)

[Ningbo Huaxiang: Battery Housings Expected to Begin Steady Mass Production Next Year; Most Products in North America Sourced Locally]Sun Yan, General Manager of Ningbo Huaxiang, stated at the online briefing for the 2024 annual report held this afternoon that the company's capacity layout for battery housings has been basically completed, and steady mass production is expected to begin next year. Currently, the company has a relatively complete layout in North America, with most products sourced locally. Meanwhile, the company is also increasing its investment in North America to reduce reliance on imported parts. (Financial Associated Press)

[Zijin Mining: Completes Acquisition of Control Over Zangge Mining]Zijin Mining (601899.SH) announced that its wholly-owned subsidiary, Zijin International Holdings, has completed the acquisition of 392,249,869 shares of Zangge Mining and obtained its control. This acquisition brings Zijin Mining and its concert parties to hold a total of 411,051,869 shares of Zangge Mining, accounting for 26.18% of its total share capital. Through this acquisition, Zijin Mining has added new reserves of copper, lithium, and potassium resources, and improved its operational management efficiency of the Julong Copper Mine.Meanwhile, the company plans to deepen collaboration with Zangge Mining in resources, industry, and technology to accelerate the transformation of resource advantages into economic benefits and enhance overall investment value. (Cailian Press)

【Li Wang Co., Ltd.: The Company Has Certain Expansion Potential in the Industry Chain】 Li Wang Co., Ltd. released its investor relations activity record, indicating that the company has certain expansion potential in the industry chain. The company established Dongguan Li Wang An Charging Technology Co., Ltd., which is engaged in business layout in multiple fields such as R&D of new energy-related technologies, manufacturing and sales of power transmission and distribution equipment, and information system integration, while also involving diversified businesses such as investment, training, and enterprise management consulting. Additionally, the company established Hong Kong Li Wang New Energy Co., Ltd., which may engage in import and export trade activities related to Li Wang Co., Ltd.'s battery and related businesses in the international market in the future, aiming to deepen the industry chain layout, expand international business scenarios, and build an international brand. Furthermore, the solid-state battery jointly developed by the company and Tsinghua Shenzhen International Graduate School will mainly be applied in the consumer electronics field, such as 3C digital products and smart wearable devices, which will also expand the company's business in emerging fields such as lithium-ion batteries. (Cailian Press)