[5.22 Lithium Battery News] Shanghai: Intensifying and Expanding the Implementation of Trade-in Policies for Consumer Goods to Boost Automobile Consumption

[Ganfeng Lithium: The company has established a full-chain layout in the solid-state battery sector]Ganfeng Lithium (002460.SZ) stated at an earnings briefing that it has established a full-chain layout in the solid-state battery sector, possessing R&D and production capabilities in key areas of solid-state batteries, including sulphide electrolytes and raw materials, oxide electrolytes, silicon carbon anodes, lithium metal anodes, battery cells, and battery systems, and is accelerating the commercialization of solid-state batteries. The high specific energy battery developed by the company in the solid-state battery sector has achieved an energy density of 420Wh/kg, and samples with an energy density of 500Wh/kg have been developed, which can pass stringent safety tests such as the 200°C hot box and nail penetration tests. The company is actively pursuing application innovations in the solid-state battery sector. In the NEV sector, it has signed a joint development agreement with a leading international automaker, and the development and on-vehicle verification of high specific energy lithium anode batteries are underway. (Financial Associated Press)

[Shanghai's Special Action Plan to Boost Consumption: Expanding and Intensifying the Implementation of Trade-in Policies for Consumer Goods]The General Office of the Shanghai Municipal People's Government issued the "Special Action Plan to Boost Consumption in Shanghai". It mentions expanding and intensifying the implementation of trade-in policies for consumer goods. To promote automobile consumption, it will implement the national automobile scrappage and renewal subsidies and the city's automobile replacement subsidy policies. It will also implement the national home appliance trade-in subsidy policy, introduce new subsidies for the purchase of digital products such as mobile phones, tablets, and smartwatches (bands), and intensify support for green home appliance, furniture, and home improvement consumption.

[Japan's Exports to the US Fall for the First Time in 4 Months, with Automobile Exports Down 4.8%]On May 21, the Japanese Ministry of Finance announced the preliminary trade statistics for April, showing that exports to the US fell 1.8% YoY to 1.7708 trillion yen, marking the first decline in four months. In terms of specific items, automobile exports fell 4.8%, and exports of manufacturing equipment such as construction and mining machinery and semiconductors also declined YoY. (Financial Associated Press)

[Jinlongyu, with 2 Consecutive Daily Limit-ups: Solid-State Battery-Related Business Has Not Yet Generated Long-Term Stable Revenue]Jinlongyu (002882.SZ) announced that its stock price rose by more than 20% cumulatively in terms of the deviation from the daily closing price over two consecutive trading days on May 20 and May 21, 2025, constituting abnormal fluctuations in stock trading. The company has made certain progress in the R&D of solid-state battery and its key material-related technologies, and some materials have been sent to customers for evaluation. Recently, its subsidiary, Jinlongyu New Energy (Shenzhen) Co., Ltd., signed a procurement order for high-energy-density solid-state battery cells for drones with a customer. The order amount is relatively small and is not expected to have a significant impact on the company's profits for the current and future years. The company's research and development of solid-state battery and related key material technologies constitute cross-border investment. Although orders have been received, the relevant business has not yet generated long-term stable revenue and does not currently have a significant impact on the company's overall performance. (Cailian Press)

[FAW Jiefang: Has Prioritized the Layout of Solid-State Batteries] FAW Jiefang stated on an interactive platform that the high specific energy, fast charging capability, and high safety characteristics of solid-state batteries offer broad application prospects in trunk line scenarios. The company has prioritized the layout of solid-state batteries. Focusing on pain points in the commercial vehicle industry, such as short lifespan and high costs, FAW Jiefang has initiated research on new solid-state battery material systems and key preparation process technologies. It plans to integrate these technologies into the next-generation new energy long-haul trunk line platform technology of Jiefang to build a competitive advantage in total vehicle ownership (TVO) throughout the life cycle, achieve technological leadership in the industry, and maintain product leadership. (Cailian Press)

[He Xiaopeng: Sales to Double in 2025, Profitability Expected in Q4] He Xiaopeng, Chairman of XPeng Motors, stated at the 2025 Q1 earnings conference that the company is confident of achieving a YoY sales growth of more than double in 2025 and expects to achieve profitability in the fourth quarter, with full-year free cash flow turning positive on a large scale. (Science and Technology Innovation Board Daily)