Sensata Technologies Q1 Sales Reached $934.8 Million, Up 2.6%

The Ministry of Commerce, National Development and Reform Commission, Ministry of Industry and Information Technology, and four other authorities have jointly formulated an action plan for a special campaign against the illegal recycling and dismantling of scrapped motor vehicles. The initiative aims to crack down on the illegal acquisition of end-of-life vehicles under the guise of "used car purchasing" and their subsequent resale to unauthorized dismantling sites. It will trace vehicle origins to sever illegal recycling supply chains.

Data from the Zhengzhou Municipal Bureau of Statistics shows that from January to May 2026, the value-added of industrial enterprises above designated size in the city increased by 13.3% YoY, accelerating by 1.6 percentage points compared to the Jan-Apr period. Notably, the value-added of the automotive manufacturing sector grew by 8.2% YoY. In terms of core product output, lithium-ion batteries and new energy vehicles (NEVs) delivered a strong performance, with output surging by 65.7% and 23.2% YoY respectively.

[SMM Flash] A magnitude 6.3 earthquake struck Dachaidan, Haixi, Qinghai on June 16, 2026. According to SMM, lithium chemical production in most areas of Qinghai has not been affected for the time being. SMM will continue to follow up on subsequent impacts.