[6.2 Lithium Battery News] Three Departments Hold Video Conference on Strengthening Safety Management of NEVs

[Cui Dongshu: National Passenger Vehicle Market Inventory Reaches 3.45 Million Units at Month-End in May, with 54 Days of Inventory]Cui Dongshu, Secretary General of the China Passenger Car Association, stated in an article that at the end of May 2025, the inventory of the national passenger vehicle industry reached 3.45 million units, a decrease of 50,000 units from the previous month and an increase of 160,000 units compared to May 2024, indicating a sustained high level of inventory. The current policy initiatives have brought overall optimism among producers, with high production levels driven by trade-in policies and relatively active wholesale activities by manufacturers, leading to the industry's inventory reaching a new high in nearly two years. With the promotion of central consumption-boosting policies and the activation of marketing activities such as auto shows across the country, as sales gradually transition into the off-season from June to August, sales are expected to decline over the next three months. Therefore, based on the inventory at the end of May 2025 and a comprehensive estimate of future sales, the existing inventory is projected to support 54 days of future sales, slightly increasing the overall inventory pressure compared to 54 days in May 2023 and 51 days in May 2024.

[Three Departments Hold Video Conference on Strengthening Safety Management of New Energy Vehicles]On June 19, the Equipment Industry Department I of the Ministry of Industry and Information Technology, the Quality Development Bureau of the State Administration for Market Regulation, and the Fire Supervision Department of the National Fire and Rescue Administration jointly held a video conference on strengthening the safety management of new energy vehicles to study and deploy the safety management work for new energy vehicles this year. The conference required that vehicle producers and power battery producers should consciously assume the main responsibility for product quality and safety, do a good job in risk prevention in areas such as product design verification, manufacturing, and after-sales service, strictly fulfill their obligation to inform, guide consumers to use vehicles correctly, refrain from exaggerated and false advertising, and resolutely uphold the safety bottom line. They should adhere to long-termism, avoid "cut-throat competition," and must not cut corners, use inferior materials, or sacrifice product performance and quality to achieve short-term "cost reduction and efficiency enhancement." (Financial Associated Press)

[Will JMC Ford Be Merged into Changan Ford? Company Responds: No Relevant Plans for Asset Restructuring and Integration Currently]JMC issued a statement saying that recently, there have been articles online suggesting that "JMC Ford will be merged into Changan Ford." As a publicly listed firm, JMC currently has no relevant plans for asset restructuring and integration. The company stated, "In the current fiercely competitive market environment, to maintain competitiveness and build a healthy, vibrant, and sustainable sales and service network, JMC has been working together with its joint venture partners and dealer partners to continuously improve operational efficiency and cross-network synergy, enhancing the overall profitability of the enterprise and dealers. However, we do not comment on unfounded rumors and speculations." (Cailian Press)

[Fengshan Group: Fengshan Quannuo's Semi-Solid-State Battery Electrolyte Under R&D Testing] Fengshan Group (603810.SH) disclosed the record of investor relations activities. In terms of new energy business, Fengshan Quannuo's semi-solid-state battery electrolyte is currently under R&D testing, and its sodium-ion battery electrolyte is mainly sold to companies such as Zhongna. (Cailian Press)

[3 Consecutive Limit-Up Days for Nuode Corporation: The Company's Products Are Mainly Used in Lithium Battery Production] Nuode Corporation (600110.SH) announced that the cumulative deviation of its daily closing price over three consecutive trading days has reached 20%, and it closed at the daily limit price again on June 19, 2025. The company's main business is the R&D, production, and sales of copper cathode for lithium-ion batteries, with its products mainly used in lithium battery production. The company reminds investors to be aware of the risks in secondary market trading, make rational decisions, and invest prudently. Meanwhile, the company's production and operation are normal, and there have been no significant changes in its internal and external operating environments. There are no major matters that should be disclosed but have not been. (Cailian Press)

[Toyota Tsusho and LG Energy Solution Plan to Establish a Joint Venture for Automotive Battery Recycling in North America] Toyota Tsusho announced that it has reached an agreement with LG Energy Solution to establish a joint venture for automotive battery recycling in North Carolina, US. The newly established joint venture will operate a pre-processing business to crush and sort battery scrap, extracting valuable metals such as nickel, cobalt, and lithium, with the goal of establishing a supply chain that recycles these materials into new battery production. The relevant facilities are planned to commence operation in 2026. (STAR Market Daily)