Vietnam Proposes EV Tax Incentive Extension to 2030

On July 13, Ningbo Shanshan Co., Ltd. released a positive performance forecast for the first half of 2026. The company expects a net profit attributable to shareholders of the listed company of 750 million yuan to 900 million yuan in the first half of 2026, representing a year-on-year increase of 262% to 334%. Benefiting from the sustained high prosperity in downstream application fields such as new energy vehicles and energy storage, market demand for anode materials remains robust. Shanshan Shares capitalized on the industry's favorable window, maintaining full order books and achieving significant growth in product sales through refined production scheduling and optimized capacity deployment.

Recently, Easpring Finland signed a green project financing arrangement totaling €514.4 million with an international syndicate in Finland, to support the construction of its cathode material production project in Kotka, southern Finland. This project is an important part of building an integrated battery industry ecosystem in Europe. The project's first phase has a planned annual production capacity of 60,000 tons of cathode materials and will adopt advanced manufacturing technologies while strictly adhering to high environmental standards. The project is expected to supply major global battery manufacturers including LGES, AESC, and SK On, meeting the region's growing demand for localized battery materials.