[5.28 Lithium Battery News] Automobile Price War Leads to High Pressure on Suppliers | BYD's Blade Battery Passes New National Standard in Advance

[Jinyang Share: Plans to Issue Convertible Bonds to Raise No More Than 980 Million Yuan]Jinyang Share (301210.SZ) announced in a public notice that it plans to issue convertible bonds to raise no more than 980 million yuan. The funds raised will be used for the Jinyang Share Lithium Battery Precision Structural Components Project (Xiamen), the Jinyang Share Lithium Battery Precision Structural Components Project (Xiaogan), and to supplement working capital. (Financial Associated Press)

[Jinlongyu: Related Businesses of Solid-State Batteries and Their Key Materials Have Not Yet Formed Long-Term Stable Revenue]Jinlongyu (002882.SZ) issued a public notice regarding abnormal fluctuations in stock trading, stating that the company's research and development of technologies related to solid-state batteries and their key materials constitute cross-border investments. Although orders have been received, the related businesses have not yet formed long-term stable revenue and do not currently have a significant impact on the company's overall performance. Investors are advised to make cautious decisions and be aware of investment risks. (Financial Associated Press)

[BYD's Blade Battery Passes New National Standard Ahead of Schedule]Li Yunfei, General Manager of BYD Group's Brand and Public Relations Department, posted on Weibo that BYD's Blade Battery and Flash-Charging Blade Battery have both passed all tests of the new national standard for batteries ahead of schedule, obtaining certification from the authoritative institution, China Automotive Technology and Research Center. (Financial Associated Press)

[Yinglian Share: 2-Day Consecutive Limit-Up; Conducted On-Site Investor Survey on May 22, Introducing Development of FMCG Metal Packaging Business and Composite Current Collector Business]Yinglian Share (002846.SZ) issued a public notice regarding abnormal fluctuations in stock trading, stating that the company conducted an on-site investor survey on May 22, 2025, introducing the development of its FMCG metal packaging business and composite current collector business to investors: The easy-open end segment of FMCG metal packaging products has developed steadily, with the company accumulating profound experience in intelligent production and lean management. The industrialisation progress of the composite current collector segment continues to advance, with the company continuously expanding its capacity, gradually securing small-batch orders in downstream market development, and advancing cooperation with leading battery clients. Meanwhile, the company is accelerating its R&D process, developing lithium metal/composite current collector anode integrated materials for solid-state batteries, and continuously expanding applications in various types of batteries. (Financial Associated Press)

[Xiaomi Group: Delivered 75,869 New Xiaomi SU7 Series Vehicles in Q1, with Smart EV Revenue Reaching 18.1 Billion Yuan]Xiaomi Group announced that in the first quarter of 2025, it delivered 75,869 new Xiaomi SU7 series vehicles. Meanwhile, the company will expand its capacity, with the cumulative deliveries of the Xiaomi SU7 series exceeding 258,000 units. In the first quarter of 2025, the total revenue of the innovative business segment, including smart EVs and AI, was 18.6 billion yuan, of which smart EV revenue was 18.1 billion yuan and other related business revenue was 500 million yuan. This quarter, the gross profit margin of the innovative business segment, including smart EVs and AI, was 23.2%. In Q1 2025, the operating loss of the innovative business segment, including smart EVs and AI, was RMB 500 million.

[The automotive price war has put significant pressure on suppliers, with profits falling below 10% and payment terms extending up to 120 days. Industry insiders: This may directly impact automotive safety.]Automakers such as BYD, Geely Galaxy, and SAIC GM have successively launched price cuts and sales promotions, sparking market attention and potentially igniting a new round of price wars in China's automotive market. Previously, reporters visited multiple suppliers and found that as the "price war" intensifies in China's automotive market, the profit margins of upstream enterprises have been continuously compressed to 10%, with payment terms extending up to 120 days. Industry insiders believe that the "price war" may lead suppliers into losses and pose risks to automotive quality and safety.