[8.25 Lithium Battery News] Hainan Adjusts 2025 Car Replacement and Renewal Subsidy Policy

[Ganfeng Lithium: H1 Net Loss of 531 Million Yuan]Ganfeng Lithium (002460.SZ) announced that H1 operating revenue reached 8.376 billion yuan, down 12.65% YoY; net profit attributable to shareholders of the publicly listed firm was -531 million yuan, compared to a loss of 760 million yuan in the same period last year. In H1, the global lithium chemicals industry underwent a deep adjustment, with selling prices of lithium chemicals and lithium battery products declining due to shifts in the supply-demand pattern and market volatility. The company completed the development of a solid-state 304Ah square ESS solid-state battery during the reporting period, which significantly outperforms traditional liquid batteries in key metrics such as safety, low-temperature performance, and storage performance; solid-state 314Ah and 392Ah batteries are also expected to be launched by the end of this year. (Cailian Press)

[Hainan Adjusts 2025 Auto Replacement Subsidy Policy, Adds "New Vehicle Registration Location" Condition]The Hainan Provincial Department of Commerce issued an announcement on August 23, adjusting the 2025 Hainan auto replacement subsidy policy. Effective August 25, 2025, an additional condition is added to the "2025 Hainan Auto Replacement Subsidy Implementation Rules": for individual consumers who purchase a new vehicle on or after August 25, 2025 (based on the invoice date indicated on the "Uniform Invoice for Motor Vehicle Sales"), the new vehicle must be registered and licensed in Hainan Province; during the subsidy application review period, the new vehicle must be registered under the applicant’s name. The Hainan Provincial Department of Commerce stated that this adjustment only adds the "new vehicle registration location" condition to the original policy and requires that the new vehicle be registered under the applicant’s name during the subsidy application review period, serving as an effective supplement to the original policy. The relevant subsidy standards, application procedures, and other requirements remain in accordance with the "2025 Hainan Auto Replacement Subsidy Implementation Rules."

[CSC: 6F Expected to Be the First Lithium Battery Material Segment with a Supply-Demand Reversal]CSC research report stated that the supply-demand ratio for the 6F segment is expected to be 122% in Q3 2025 and 102% in Q4 2025, and 105% in Q3 2026 and 93% in Q4 2026. Starting from Q4 2025, 6F will enter a state of tight balance, and by Q4 2026, it will face a shortage of around 7,000 mt. 6F is expected to be the first lithium battery material segment to see a supply-demand reversal and already has a certain basis for price increases. CSC expects that in Q4 2025, the 6F processing fee may see an initial increase of around 2,000 yuan/mt, and by mid-2026, as the supply-demand relationship tightens further, the processing fee is expected to rise by another 5,000–20,000 yuan/mt, bringing significant earnings flexibility. ((Cailian She)

[Ganfeng Lithium: Company's Lithium Sulfide Products Already Supplied to Multiple Downstream Customers]Ganfeng Lithium (002460.SZ) released an announcement regarding its investor relations activity records, stating that in the field of sulfide solid-state battery materials, the company is simultaneously developing two key materials: lithium sulfide and sulfide electrolyte. The company's lithium sulfide product has a main content ≥99.9% and D50≤5μm. With high purity, low impurity content, and excellent consistency, it meets the technical requirements for highly conductive solid-state electrolyte materials. It has now passed customer quality certification and has been supplied to multiple downstream customers. Meanwhile, the company is also actively developing more cost-effective preparation processes for lithium sulfide. (Cailian She)

[Jiangsu Guotai: Terminates Investment in Construction of Annual 400,000 mt Lithium-Ion Battery Electrolyte Project]Jiangsu Guotai (002091.SZ) announced that its subsidiary, Ningde Guotai Huarong New Materials Co., Ltd., plans to terminate the investment and construction of an annual 400,000 mt lithium-ion battery electrolyte project. This project has not yet officially commenced construction, and the company is currently actively coordinating with the government regarding the follow-up work on the land. Reasons for the project termination include changes in external objective conditions and the industry environment, as well as intense market competition making it difficult to absorb the capacity. The company stated that the termination of this investment project will not have a significant adverse impact on its normal production and operations or its current profits. (Cailian She)

[Chengdu: NEV Production from Jan-Jul Increased 326.2%]According to a message from the official WeChat account of Chengdu Release on August 22, from January to July this year, the value-added of industrial enterprises above designated size in the city increased 8.0% YoY. The city's fixed asset investment (excluding rural households) increased 4.5% YoY, with private investment growing 5.6%. By sector, among 37 major categories, 24 sectors saw growth in value-added. The automotive manufacturing industry grew 22.9%, and the computer, communication, and other electronic equipment manufacturing industry grew 17.2%. In terms of the output of major industrial products, NEVs increased 326.2%, smart watches increased 135.2%, and lithium-ion batteries increased 41.4%. (Cailian She)