[8.26 Lithium Battery News] VOYAH Executive Says NEV Industry Faces "Rat Race" Competition, Industry Profit Margin Only Around 5%

[CPCA: H1 Passenger NEV L2 and Above ADAS Installation Rate Reaches 82.6%]The China Passenger Car Association (CPCA) released the June 2025 Automotive Intelligent Connectivity Insight Report. From January to June 2025, the installation rate of L2 and above advanced driver assistance systems (ADAS) in passenger new energy vehicles (NEVs) reached 82.6%, with further growth in the installation rate of intelligent driving features in the market below 160,000 yuan. With leapfrog technological advancements and the continuous decline in hardware and software costs, the adoption rate of intelligent driving assistance functions is steadily increasing. (Cailian Press)

[VOYAH Executive: Cut-Throat Competition in NEV Industry, Industry Profit Margin Only Around 5%]Jiang Tao, COO of VOYAH Auto, stated that the cut-throat competition in the new energy vehicle industry is not solely about low-price competition but is more reflected in the industry's low overall profit margin, which is around 5%. He believes that automakers cannot develop all industry-related technologies themselves, as many technologies rely on supply chain companies. If supply chain companies are pushed into a loss-making state due to extended payment terms, they will lack the funds to invest in the R&D of new products and technologies, making it difficult for the entire industry to achieve high-quality development. Therefore, it is necessary to ensure that supply chain companies maintain a reasonable profit margin and have relatively stable cash flow, allowing them to allocate some funds to product R&D and iteration.

[Huada Technology: Secures Project Nominations from Domestic Automakers and NEV Battery Companies]Huada Technology (603358.SH) announced that it recently secured project nominations from domestic automakers and new energy battery companies (collectively referred to as "customers") to provide various automotive parts products. The company secured 16 project nominations from 7 domestic customers, primarily joint venture brands and domestic independent brand automakers, involving auto body parts products. The projects are expected to have a life cycle of 5-8 years, with total lifecycle sales estimated at 2.6 billion yuan. The company's controlled subsidiary, Jiangsu Hengyi Industrial Technology Co., Ltd., secured 5 project nominations from 3 customers, with an expected life cycle of 2-3 years and total lifecycle sales estimated at 600 million yuan. The wholly-owned subsidiary, Huaqi New Energy Technology (Jiangsu) Co., Ltd., secured 8 project nominations from 7 customers, with an expected life cycle of 3-6 years and total lifecycle sales estimated at 300 million yuan. These projects are expected to have a positive impact on the company's future annual operating revenue and business performance, but the actual sales amount will be related to factors such as the actual production volume of customers' vehicles and is uncertain. (Cailian Press)

[GAC: Through Innovative Supervision Models, Customs Clearance Time for Imported Ore and Exported Lithium Batteries Compressed by Over 80%]Zhao Zenglian, Vice Minister of the General Administration of Customs (GAC), introduced at a press conference held by the State Council Information Office on August 25 for the "High-Quality Completion of the '14th Five-Year Plan'" series that when goods enter and exit the country, customs strictly ensures quality and safety, mainly by creating mechanisms, strengthening supervision, ensuring safety, and optimizing services to carry out related work. First, institutional innovation has made risk prevention and control more efficient. Second, strengthened supervision has better safeguarded national border security. Third, safety and reliability have made the public feel more at ease. Fourth, optimized services have provided convenience and benefits for foreign trade enterprises. The General Administration of Customs has continuously enhanced the capacity and level of policy supply to reduce costs and increase efficiency for enterprises. Through innovative supervision models, the customs clearance time for imported mineral products and exported lithium batteries has been compressed by over 80%. (Cailian Press)

[Zhuhai CosMX Battery: Plans to Invest 2 Billion Yuan in New-Type Lithium Battery Production Construction Project]Zhuhai CosMX Battery (688772.SH) announced that the company plans to use own funds or self-raised funds of approximately 2 billion yuan to implement a new-type lithium battery production construction project utilizing existing factory buildings, investing in the construction of a new-type steel shell mass production line. The project aims to enhance the core competitiveness of the company's products, meet customer demand, and consolidate and expand existing market share. The project construction period is expected to be 12 months, with funding sourced from own or self-raised funds. (Cailian Press)

[Jiuwu Hi-Tech: Wins 81.5 Million Yuan Salt Lake Lithium Extraction Membrane Treatment System Project]Jiuwu Hi-Tech (300631.SZ) announced that the company has won the bid for the membrane treatment system procurement project of the Lop Nur Salt Lake Old Brine Lithium Extraction Comprehensive Utilization Expansion and Renovation Project of SDIC Xinjiang Lithium Industry Co., Ltd., with a winning bid amount of 81.5 million yuan, accounting for 15.28% of the company's audited operating revenue in 2024. The company has received the "Notice of Winning Bid" for the project but has not yet signed a formal contract. (Cailian Press)