[Guangzhou to Suspend Auto "Trade-in" Subsidy Policy from 00:00 on August 30]The Guangzhou Municipal Commerce Bureau announced that, after deliberation, it has decided to adjust the city's 2025 auto "trade-in" policy. The auto "trade-in" subsidy policy will be suspended from 00:00 on August 30, 2025. Consumers who obtained the new car's "Uniform Invoice for Motor Vehicle Sales" and the used car's "Uniform Invoice for Second-hand Vehicle Sales" on or before August 29, 2025 (inclusive), can submit their subsidy applications via the "Suichegou" WeChat mini-program after the system upgrade is completed. The specific time will be announced separately.
[China Association of Public Companies: NEV Production and Sales Continued High Growth in H1, with Publicly Listed Firms' Net Profit Rising Over 30%]The China Association of Public Companies released the 2025 semi-annual operating performance report for Chinese listed companies. In the first half of the year, "trade-in" subsidies were steadily implemented, and new energy vehicle production and sales continued their high growth trend, with publicly listed companies' net profit increasing by over 30%. The trend of upgrading to smart home appliances became apparent, with industry revenue and net profit both growing by over 9%. The domestic substitution in consumer electronics accelerated, with industry revenue growing by 24.82%. Cultural consumption demand was released, with representative industries such as gaming and film theaters achieving revenue growth and net profit growth exceeding 70%. The total social logistics volume steadily increased, residents' logistics activity strengthened, and revenue of the five listed companies in the express delivery industry grew by 10%. New emotional consumption scenarios such as the pet economy and IP economy ignited enthusiasm among young groups, with related industry listed companies showing significant performance growth and net profit increases of 40.29% and 54.90%, respectively. (Cailian Press)
[NIO's Long-Range Version Purchase Price Remains Unchanged; Battery-as-a-Service Purchase Price Reduced by 38,000 Yuan]The NIO brand announced that all its models will now come standard with a 100kWh long-range battery pack. The vehicle purchase price remains unchanged, while the battery-as-a-service purchase price has been adjusted accordingly. The new ET5 and new ET5T, with the standard 100kWh long-range battery pack, now start at a battery-as-a-service selling price of only 190,000 yuan. The flexible rental option for the 75kWh standard-range battery pack is retained, with the original monthly battery rental fee unchanged, to meet the needs of different users. (Cailian Press)
[Shandong Fengyuan Chemical: Wholly-Owned Subsidiary Terminates Investment in Integrated Project for High-Energy Cathode Materials for Lithium Batteries]Shandong Fengyuan Chemical (002805.SZ) announced that its wholly-owned subsidiary, Fengyuan Lithium Energy, has negotiated with the Gejiu Municipal People's Government to terminate the investment agreement and discontinue the 50,000 mt integrated project for high-energy cathode materials for lithium batteries. (Cailian Press)
[Gotion High-tech: Plans to Invest Up to 4 Billion Yuan in Construction of New-Type Lithium-Ion Battery (20GWh) Intelligent Manufacturing Base Project]Gotion High-tech (002074. Gotion High-tech (002074.SZ) announced that the company plans to invest in the construction of a new-type lithium-ion battery (20 GWh) intelligent manufacturing base project in Liuhe Economic Development Zone, Nanjing. The total investment for the project will not exceed 4 billion yuan. The company's controlling subsidiary, Jiangsu Gotion, will be the implementing entity for this project. This investment will increase the company's capital expenditures and cash outflows, but in the long run, it will have a positive impact on the company's business layout and operating performance. (Cailian Press)
[Salt Lake Co., Ltd.: H1 Net Profit of 2.515 Billion Yuan; 40,000 mt/Year Lithium Chemicals Project Expected to Start Trial Run by Month-End September]Salt Lake Co., Ltd. (000792.SZ) announced that the company achieved operating revenue of 6.781 billion yuan in H1, down 6.30% YoY; net profit was 2.515 billion yuan, up 13.69% YoY. During the reporting period, the company produced 1.9898 million mt of potassium chloride and 20,000 mt of lithium carbonate, and sold 1.7779 million mt of potassium chloride and 20,600 mt of lithium carbonate. The semi-annual report shows that the overall progress of Salt Lake Co., Ltd.'s 40,000 mt/year lithium chemicals project has reached 71%. The adsorption lithium extraction unit completed intermediate acceptance on June 3, and the 40,000 mt/year lithium chemicals project is expected to enter trial production by the end of September. By then, the company will form a lithium chemicals production scale of 80,000 mt/year. (Cailian Press)
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