[ST Yifei: Solid-State Battery Products Have Established Sales and Cooperation Relationships With Multiple Leading Clients]ST Yifei stated on an interactive platform that its core equipment, including battery cell assembly devices, module PACK equipment, and smart logistics systems for entire factories, has been applied in the solid-state battery manufacturing sector. The company has formed sales and cooperation relationships with multiple leading clients, and several projects have passed customer acceptance. (Cailian Press)
[Trump Announces 90-Day Extension of US-Mexico Tariff Agreement]According to CCTV News, US President Trump posted on his social media platform "Truth Social" that he had just held a phone conversation with the Mexican president. Trump noted that the complexity of reaching an agreement with Mexico differs from that with other countries, and they agreed to extend the bilateral agreement by 90 days. Mexico will continue to pay a 25% tariff on fentanyl, a 25% tariff on automobiles, and a 50% tariff on steel, aluminum, and copper. (Cailian Press)
[China FAW Group Aims for Over 5 Million Auto Sales and Over 3 Million Smart Connected NEV Sales by 2030]Qiu Xiandong, Chairman and Party Secretary of China FAW Group, outlined the company's goals for the next five years: adhering to "one positioning," completing key adjustments within approximately three years, followed by two years to solidify the transformation foundation and achieve breakthroughs in new development. By 2030, the company aims to exceed six major indicators and achieve five leading industrial foundations and five first-class operational management standards. Among the "six exceeds," total auto sales, smart connected NEV sales, domestic brand sales, domestic brand smart connected NEV sales, and overseas market sales are projected to exceed 5 million, 3 million, 2 million, 1.5 million, and 700,000 units, respectively. Employee income growth will continue to surpass the average level of central state-owned enterprises. (Cailian Press)
[If Implemented, US-EU Tariff Deal Could Severely Impact EU Clean Technology Sector]The tariff agreement between the US and the EU has dealt a particularly heavy blow to EU clean technology manufacturers. NEVs and power grid equipment manufacturers, accounting for 52% and 27% of EU clean technology exports, respectively, are poised to bear the brunt of the impact. The EU's clean technology industry has been thriving, largely driven by demand from US buyers. Last year, the sector achieved a 58% growth rate, exporting clean technology products worth $84 billion, with $20 billion destined for the US. The new tariff agreement now threatens the future of this robust trade relationship. On July 27, the EU agreed to impose a comprehensive 15% tariff on all goods exported to the US. Although automakers are exempt from the 27.5% tariff effective April 3, some companies in the NEV value chain worry that even a 15% tariff could undermine EU competitiveness. (Cailian Press)
[NEA: Drafting Policy Document on Large-Power Charging Facility Construction and Upgrades]Zhang Xing, Deputy Director-General of the National Energy Administration's General Office, stated that to better address holiday travel concerns, the NEA is currently drafting a policy document with relevant departments to encourage local governments and enterprises to prioritize large-power charging facility deployment in scenarios like highway service areas. Next steps include strengthening planning coordination, policy formulation, continuous charging network improvement, service capacity enhancement, and pilot demonstration promotion to build a high-quality charging infrastructure system that better meets public NEV purchase and usage needs. (Cailian Press)
[New Aluminum Era: Plans Subsidiary Investment of ≥550 Million Yuan in Auto Lightweight Parts Project]New Aluminum Era (301613.SZ) announced plans to sign an investment agreement with Chongguan Zhanxin Technology Industry Group, with its wholly-owned subsidiary Yubei New Aluminum Era Technology Co., Ltd. investing no less than 550 million yuan in an auto lightweight parts project. Construction includes NEV battery case production lines and lightweight parts (NEV/computing/robotics) lines. The project will commence within 6 months after land acquisition and contract signing, with full completion within 2 years of groundbreaking.
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