[6.1 Lithium Battery News] Cui Dongshu from the China Passenger Car Association (CPCA) said that full encouragement should be given to market-oriented price competition in the industry

[Xiaomi EV Refutes Rumors of Fatal Crash in Advanced Driving Training]In response to online rumors about a fatal crash occurring during Xiaomi EV's advanced driving training, Li Xiaoshuang, Vice President of Xiaomi EV, posted a clarification on Weibo on June 10, stating that a large number of small accounts had been widely spreading accident images on various platforms, using various tactics to smear the training program, and even fabricating rumors of casualties, which had severely misled the public and were extremely malicious. Legal proceedings would be initiated to hold the rumormongers legally accountable. Subsequently, Wang Hua, General Manager of Xiaomi Group's Public Relations Department, reposted the Weibo post and stated that evidence collection had been completed yesterday, and legal proceedings had been initiated. (Cailian Press)

[General Administration of Customs: China's EV Exports Increase by 19%, Industrial Robot Exports by 55.4% in First Five Months of This Year]The General Administration of Customs announced that in the first five months of this year, China's exports of equipment manufacturing products reached 6.22 trillion yuan, a 9.2% increase, accounting for 58.3% of China's total export value. Among them, EV exports increased by 19%, construction machinery by 10.7%, ships by 18.9%, and industrial robots by 55.4%. In the first five months, China's equipment manufacturing products contributed 73% to the overall export growth, with the contribution rate reaching as high as 76.9% in May, providing strong support for the stable growth of foreign trade. (Cailian Press)

[CPCA's Cui Dongshu: Fully Encourage Market-Oriented Price Competition in the Industry]In response to the new round of "price wars" in the recent automotive market, Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), stated that the "price wars" in the automotive market are long-term price competitions. We fully encourage market-oriented price competition in the industry to achieve better quality improvement, efficiency enhancement, and technological innovation. Currently, the price of lithium carbonate has gradually stabilized, dropping from 600,000 yuan per mt in January 2023 to 80,000 yuan per mt in July 2024, and further to 60,000 yuan per mt this year. The price of resources has significantly decreased, and costs are reasonably declining. Therefore, sales promotions are also a relatively normal phenomenon. The price competition in the automotive market has been relatively mild so far this year. We hope to protect the current mild situation, and it is a normal measure to take certain actions against "fixed-price" behaviors. (Cailian Press)

[Desun Technologies, with Two Consecutive Daily Limit-Ups: Sales Revenue from Molds and Products Produced by Subsidiaries for Solid-State Battery Production Accounts for Less Than 1% of Operating Revenue]Desun Technologies (603032.SH) announced that the cumulative deviation in the closing price of the company's stock exceeded 20% over two consecutive trading days, constituting an abnormal fluctuation in stock trading. As of the disclosure date of this announcement, the company has noticed the current market interest in the company's solid-state battery concept. The company hereby clarifies that it does not directly produce solid-state batteries. Its subsidiary, Dongguan Zhihong Precision Mold Co., Ltd., provides downstream lithium battery producers and new energy equipment manufacturers with a series of high-precision molds for automatic pole piece cutting, high-precision die-cutting blades, and other products and solutions that can meet different production processes, product performance, and application requirements. These molds and products can be used in the production of solid-state batteries. Although the sales revenue from products used in solid-state battery production accounted for less than 1% of the company's total annual operating revenue in 2024, the company still values every customer and remains committed to providing high-quality products and services. Investors are advised to note the investment risks. (Cailian Press)

[Farasis Energy: Batteries supplied to a leading US eVTOL company have entered Phase 4 of FAA certification]Farasis Energy stated on an interactive platform that it has been engaged in the R&D of eVTOL power batteries since 2012, completed sample supply in 2020, achieved mass production and installation of the first-generation products and verification of the second-generation product system in 2022, and assisted its customer in becoming the first eVTOL company to obtain FAA airworthiness certification. Currently, the batteries supplied by the company to a leading US eVTOL company have entered Phase 4 of certification by the Federal Aviation Administration (FAA) of the US, and the progress is going smoothly. (Cailian Press)

[GAC plans to enter the Argentine market by H2 2025]According to GAC International, in response to the growing demand in the South American automotive market, GAC is accelerating its layout in the two potential markets of Chile and Bolivia. GAC stated that it is actively promoting the "integrated sales and service" strategy and plans to achieve comprehensive coverage of showrooms in major South American cities within the next three years. In terms of market expansion in South America, GAC plans to enter the Argentine market by H2 2025.