[7.4 Lithium Battery News] Ministry of Commerce to Strengthen Guidance on Used Car Export Work | Institutions Say Net Profit of Chinese Auto Suppliers Declined

[AlixPartners: Net Profit Margin of Chinese Auto Suppliers Continues to Decline]AlixPartners released a survey report indicating that despite the ongoing "price war" in China's automotive market, the EBITDA margin of mainstream original equipment manufacturers (OEMs) reached 8.3% in 2024, improving by 1.3 percentage points year-over-year. The consultancy attributes this to OEMs' cost reduction efforts in core operations (COGS), which largely shifted price competition pressures onto suppliers. The report shows China's auto suppliers' net profit margin declined from 4.8% in 2022 and 4.4% in 2023 to 4.3% in 2024. The proportion of suppliers with positive YoY profit growth dropped from 61% in 2022 and 57% in 2023 to 43% in 2024. (Finance News)

[MOFCOM: Will Strengthen Guidance on Used Car Export Business to Promote Healthy and Orderly Development]The Ministry of Commerce (MOFCOM) held a regular press conference on the afternoon of July 3. Spokesperson He Yongqian stated that automobiles are high-value durable consumer goods, and encouraging the used car market is a common practice globally. In February 2024, MOFCOM jointly formulated and announced export requirements/procedures with relevant departments, formally launching nationwide used car export operations. Over the past year, local authorities have implemented these measures, ensuring quality and safety while facilitating used car exports to meet overseas consumer demand. Moving forward, MOFCOM will continue collaborating with relevant departments to strengthen guidance on used car export operations and promote their healthy, orderly development. (Finance News)

[Zangge Mining: Subsidiary Mamicuo Mining Obtains Construction Permit]Zangge Mining (000408.SZ) announced that its wholly-owned subsidiary Zangge Mining Investment (Chengdu) Co., Ltd., through its investment in Jiangsu Zangqing New Energy Industry Development Fund (LP), has received a Construction Engineering Permit issued by the Ge'ze County Housing and Urban-Rural Development Bureau for the "Mamicuo Salt Lake Lithium-Boron Ore Mining Project." This permit facilitates the expansion of the company's salt lake lithium extraction capacity, enhances its core competitiveness and industry influence, aligns with corporate development strategies, benefits all shareholders, and creates new profit growth opportunities. (Finance News)

[Sinoma Science & Technology: Completed Semi-Solid Lithium Battery Separator Formula Development and Pilot Testing]Sinoma Science & Technology disclosed on an interactive platform that the company is conducting technology reserves and research work, having completed formula development and pilot testing for semi-solid lithium battery separators. Cailian Press)

[CORUN: Clients in Civilian Power Banks and Other Sectors Have Placed Orders Successively] An investor asked CORUN about quality control measures and sales opportunities amid peers' power bank and battery cell issues. CORUN stated on the interaction platform that it has established long-term strategic partnerships with multiple top-tier enterprises in the consumer battery sector. Orders have been received successively from clients in electric scooters, electric two-wheelers, robotic cleaners, and civilian power bank industries, with its consumer battery business expected to maintain sustained growth. (Cailian Press)

[Huaya Smart: Engaged in R&D and Production of Dry Process Electrode Rolling Equipment Systems for Solid-State Batteries; Currently Manufacturing 200MWh All-Solid-State Battery Production Line for Clients] Huaya Smart stated on the interaction platform that it is currently engaged in R&D, production, and sales of dry process electrode rolling equipment systems for solid-state batteries. The equipment boasts technical advantages including online roll gap fitting, closed-loop membrane thickness control, fully automated production, consistent surface density, easy disassembly design, and stability. The company is currently manufacturing a 200MWh all-solid-state battery production line for clients. (Cailian Press)