[5.27 Lithium Battery News] MIIT Holds First Meeting of National NEV Power Battery Recycling Task Force

[CPCA Secretary General Cui Dongshu: China Accounts for 33% of Global Auto Market Share from January to April 2025]CPCA Secretary General Cui Dongshu stated in an article that global auto sales reached 7.56 million units in April 2025, up 5% YoY. Despite the strength of the US and Chinese auto markets in April, April 2025 sales remained 1% below the peak in April 2018, placing them at a medium-to-high level historically. From January to April 2025, global auto sales totaled 30.26 million units, a 5% increase YoY. China accounted for 33% of the global auto market share from January to April 2025, with the lower performance of Chinese automakers at the beginning of the year being a normal reflection of the Chinese New Year factor. As the effects of policy stimulus become evident, the Chinese auto market began to strengthen from March to April. (Financial Associated Press)

[Minister of Industry and Information Technology Li Lecheng Presides Over the First Meeting of the National Task Force on NEV Power Battery Recycling and Utilization]Li Lecheng, Minister of Industry and Information Technology and convenor of the National Task Force on NEV Power Battery Recycling and Utilization, presided over the first meeting of the task force on May 26, 2025, to deploy key tasks for establishing a system for the recycling and utilization of NEV power batteries. The meeting emphasized that the task force should adhere to a people-centered development philosophy, in line with the requirements of the "Action Plan for Establishing a System for the Recycling and Utilization of NEV Power Batteries," focus on problem-solving, strengthen coordination, and ensure that all tasks are implemented in detail. It is necessary to improve the regulatory and standards system, accelerate the formulation of relevant regulations and rules, develop and revise mandatory standards such as safety technical specifications for various lithium batteries, regulate recycling and utilization practices through legal means, and lead the industry's high-quality development with standards. It is essential to strengthen supervision and management across the entire chain, closely monitor battery production, vehicle scrapping, dismantling, and utilization, eliminate bottlenecks in the entire process supervision, use digital technologies to enhance the monitoring of power battery flows, and investigate and punish illegal dismantling that pollutes the environment and unlicensed operations in accordance with the law. It is crucial to enhance the industry's capabilities, increase collaborative research and development and the promotion and application of key technologies, processes, and equipment, further strengthen standardized industry management, implement dynamic management of "entering and exiting" for enterprises that meet regulatory conditions, support key enterprises in becoming excellent and strong, and guide the healthy development of the industry. (Financial Associated Press)

[Foton Motor: Plans to Jointly Invest 500 Million Yuan with EVE to Establish a New Energy Technology Company to Expand NEV Heavy-Duty Truck Business]Foton Motor (600166.SH) announced in a statement that, to expand its NEV heavy-duty truck business and provide customers with diverse battery leasing solutions, the company plans to jointly invest with EVE Energy Co., Ltd. to establish Beijing Foton EVE New Energy Technology Co., Ltd., with a registered capital of 500 million yuan. Foton Motor will contribute 250 million yuan, holding a 50% stake, with the funds sourced from the company's own capital. By establishing a joint venture, both parties can jointly explore the market, meet users' diverse needs for battery leasing, enhance the market competitiveness of the company's new energy heavy-duty truck business products, promote new vehicle sales, and improve the profitability of the company's new energy heavy-duty truck business.

[Indonesia Sovereign Wealth Fund: Four Chinese Companies Interested in Investing and Building Factories in Indonesia's EV Sector]Pan Du, the Chief Investment Officer of Indonesia's sovereign wealth fund "Danatara," revealed at an event that currently four Chinese companies are interested in investing and building factories in Indonesia's EV sector. Pan Du stated that these four companies have expressed interest in multiple areas, including EV battery development, data centers, and consumer services. "We will examine each case one by one," he said. (Cailian Press)

[Harbin Launches Car Purchase Subsidy Program Starting from the 28th, with a Maximum Subsidy of 5,000 Yuan per Vehicle]According to the Harbin Municipal Bureau of Commerce, starting from May 28th, Harbin will launch the 2025 Harbin "Summer Charm of Ice City, Affordable Shopping Journey" car sales promotion event. During the event, 48 million yuan in car purchase subsidies will be distributed on a first-come, first-served basis until the funds are exhausted. The subsidies are targeted at individual consumers, with no geographical restrictions. Anyone who purchases a new "China VI" standard 7-seater or below passenger vehicle (including NEVs) from partner merchants can enjoy government subsidies in three tiers: 3,000 yuan per vehicle for purchases of 150,000 yuan or less; 4,000 yuan per vehicle for purchases between 150,000 yuan and 300,000 yuan (inclusive); and 5,000 yuan per vehicle for purchases over 300,000 yuan. (Cailian Press)

[Henan Province: Aims to Complete Around 500,000 Vehicle Scrappages and Replacements, and Over 8 Million Home Appliance Trade-ins by 2025]The General Office of the Henan Provincial Government recently issued the "Implementation Plan for Special Actions to Boost Consumption in Henan Province." Among the measures proposed is the acceleration of trade-in initiatives. Support will be provided for vehicle scrappages and replacements. In 2025, a maximum subsidy of 20,000 yuan will be offered for scrapping eligible old passenger vehicles and purchasing new energy passenger vehicles, and a maximum subsidy of 15,000 yuan for purchasing fuel-powered passenger vehicles. A maximum subsidy of 15,000 yuan will be offered for transferring old vehicles and purchasing new energy passenger vehicles, and a maximum subsidy of 13,000 yuan for purchasing fuel-powered passenger vehicles. The province aims to complete around 500,000 vehicle scrappages and replacements, and over 8 million home appliance trade-ins by 2025. (Cailian Press)