[Changan Auto's Hua Rong Zhu: Changan Auto Group Aims for 5 Million Vehicle Production and Sales Target by 2030]At the first media communication conference of Changan Auto Group, Chairman Hua Rong Zhu stated that by 2030, the company aims to achieve a total vehicle production and sales scale of 5 million units, with NEVs accounting for over 60% of sales and exports exceeding 30%, striving to become a top 10 global automotive brand. (Cailian Press)
[GFEX Adjusts Trading Limits for Silicon Metal, Polysilicon, and Lithium Carbonate Futures Contracts]Pursuant to the GFEX Risk Management Measures, GFEX has decided to adjust trading limits for certain silicon metal, polysilicon, and lithium carbonate futures contracts effective from August 1, 2025. Non-futures company members or clients are subject to the following daily open position limits: 500 lots for silicon metal futures SI2509, and 2,000 lots each for SI2510, SI2511, SI2512, and SI2601 contracts; 500 lots for polysilicon futures PS2509, and 2,000 lots each for PS2510, PS2511, PS2512, and PS2601 contracts; 500 lots for lithium carbonate futures LC2509, and 2,000 lots each for LC2510, LC2511, LC2512, and LC2601 contracts. Daily open positions refer to the sum of buy and sell open positions by non-futures company members or clients on a single contract day. Hedging transactions and market makers are exempt from these limits. Accounts with actual control relationships are managed as a single account.
[Azure: Unitree Robotics Is Our Lithium Battery Business Client, Tenpower's Lithium Battery Production Line Is Fully Automated Intelligent Assembly Line]Azure stated on the interactive platform that Unitree Robotics is a client of its lithium battery business. Tenpower's lithium battery production line is a fully automated intelligent assembly line. (Cailian Press)
[LG Energy Solution Secures $4.3 Billion LFP Battery Orders]South Korean battery manufacturer LG Energy Solution announced on July 30 that it recently secured an LFP battery supply project with a contract value of 5.9442 trillion won (approximately $4.3 billion), equivalent to 23.2% of its 2024 annual sales (25.6 trillion won). The contract, signed on July 29, will take effect from August 1 this year and last for three years. LG Energy Solution stated that it is not appropriate to disclose the contracting party or contract details due to commercial confidentiality considerations. The contract includes additional clauses allowing both parties to negotiate extending the term to seven years and expanding supply volumes, meaning the contract value and duration may be adjusted in the future. (Cailian Press)
[Sinexcel: Equipment Supports Solid-State and Semi-Solid-State Battery Detection but Revenue Impact Minimal] Sinexcel indicated on an interactive platform that its equipment can support the detection of solid-state and semi-solid-state batteries. However, as technological breakthroughs and practical applications for these batteries remain in early stages, their impact on the company's revenue from battery detection and formation equipment is currently minimal. (Cailian Press)
[India’s Tata Motors to Invest Nearly €3.8 Billion in Acquiring Iveco] Tata Motors and Iveco announced an agreement on July 30 to form a commercial vehicle group with annual sales exceeding 540,000 units. Tata Motors' acquisition offer values Iveco at approximately €3.8 billion, excluding its defense business and net proceeds from its divestment. The transaction is expected to be completed in H1 2026, while the sale of Iveco’s defense business is anticipated to conclude in Q1 next year, with a final deadline no later than March 31, 2026. (Cailian Press)
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