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[5.29 Lithium Battery News] XPeng Motors' He Xiaopeng Predicts "Price War" Will Intensify in One of the Next Five Years

iconMay 29, 2025 09:13
Source:SMM

[Fujian: Supporting Local Auto Consumption Promotion Activities with Overlapping Car Purchase Incentives]The General Office of Fujian Provincial People's Government issued the "Implementation Plan for Fujian Province's Consumption Stimulation Special Action," which proposes measures to support auto consumption. It encourages localities to develop aftermarket consumption such as auto modification, leasing, competitions, exhibitions, RV camping, and classic cars. Local governments are urged to cultivate and expand used car dealerships, promote "reverse invoicing" for used car sales, and accelerate the transition from brokerage to dealership models. Support will be provided for local auto consumption promotion activities with overlapping car purchase incentives. By the end of 2025, the province aims to have cumulatively built over 80,000 public charging piles, achieving "full township coverage" of public charging infrastructure. (Cailian Press)

[XPeng Motors' He Xiaopeng: "Price Wars" Will Intensify in One Year During the Next Five Years]He Xiaopeng, Chairman of XPeng Motors, stated that the current "price war" is not yet at its most intense, predicting it may escalate further in one year during the next five years. "XPeng's priorities are: first, not to 'compete on price' but to 'compete on technology'; second, to expand globally beyond China; third, to transform new quality productive forces toward embodied intelligence." (Cailian Press)

[MIIT Releases 2025 Regulatory Formulation Work Plan]The Ministry of Industry and Information Technology (MIIT) released its 2025 regulatory formulation work plan. Key items include submitting the "Interim Measures for the Comprehensive Utilization of Retired Power Batteries from NEVs" and the "Interim Measures for Total Control of Rare Earth Mining and Smelting/Separation" for ministerial review within the year. Drafting projects under urgent development include the "Management Measures for Recycling and Comprehensive Utilization of Lithium-ion Batteries for E-bikes" and the "Implementation Rules for Domestic Entities Leasing Foreign Satellite Resources." (Cailian Press)

[Geely Group's Battery Subsidiary Jiyao Tongxing Passes New National Standard Testing for All Brick Battery Cell Products]Cailian Press reporters learned that all brick battery cell products from Jiyao Tongxing, a battery subsidiary of Geely Group, have obtained certification under GB38031-2025 "Safety Requirements for Power Batteries Used in Electric Vehicles" (hereinafter referred to as the "New National Standard"). Beyond meeting this standard, the brick cells also passed a more stringent military-grade safety protocol established by Jiyao Tongxing—remaining smoke-free, flame-free, and explosion-free after being simultaneously pierced by eight 0.005mm steel needles and left static for one hour. Industry note: The power battery "New National Standard" was promulgated by MIIT on March 28, 2025, and will take effect on July 1, 2026. It is regarded as the most stringent power battery safety standard to date, aiming to establish a comprehensive safety framework centered on "no fire, no explosion."

[Canmax: Solid-State Battery Project Progresses Smoothly, Some Customers Have Achieved Sales After Evaluation]Canmax stated on an interactive platform that the company has developed new cathode materials, including high-voltage lithium cobalt oxide (LCO), high-nickel ternary cathode, lithium-rich manganese-based, and spinel nickel-manganese materials, centered around the core requirements of "high specific energy, high safety, high C-rate, long cycle life, and low cost" for battery cell material systems. These products are suitable for applications in solid-state and semi-solid-state lithium batteries. The lithium-rich manganese-based and other cathode materials developed by the company have completed R&D trials and been sent to multiple solid-state battery customers for evaluation, demonstrating high specific capacity and good stability within customer systems. Among them, some customers have achieved sales after evaluation. (Cailian Press)

[New-Type Fuel Cell Prototype Device Validated with Triple Energy Density]Institutions including the Massachusetts Institute of Technology (MIT) in the US proposed a potentially breakthrough new technology solution and experimentally validated a new battery prototype device, which can achieve an energy density per unit weight more than three times that of the lithium-ion batteries currently used in electric vehicles (EVs). This achievement is expected to advance the electrification of transportation. Relevant research findings were published in the *Joule* journal on the 27th. (Cailian Press)

Related Readings:

[SMM Analysis] Domestic Lithium Carbonate Imports in April 2025 Released

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Driven by Multiple Positive Factors!The auto parts sector has seen a wave of "limit-up" rallies, with over 12 stocks hitting their daily price limits! [Hot Stocks]

Refined cobalt quotes have slightly recovered, while Co3O4 prices continue to decline. The market awaits the follow-up to the June DRC ban. [Weekly Observations]

[SMM Industry Insights] Global cobalt industry chain changes and Chinese market outlook following the DRC's cobalt export ban - Key points from the special speech by Wang Cong, General Manager of SMM Industry Research.

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