Dongwha Electrolyte Selected for High-Manganese Battery Electrolyte Development Project

On July 17, Annada (002136.SZ) announced that its wholly-owned subsidiary, Tongling Huatai New Energy Materials Co., Ltd., plans to invest 3.298 billion yuan in the construction of the “New Energy Materials — 300,000 mt Battery-grade Iron Phosphate Integrated Project.” The project’s main construction content includes a 300,000 mt/year battery-grade iron phosphate production unit and a 150,000 mt/year rutile titanium dioxide production unit, along with supporting public works, auxiliary facilities, and environmental protection facilities. The planned total investment of the project is 3.298 billion yuan, funded through various sources such as self-owned funds and bank loans, with a construction period of 18 months.

On July 16, Li Auto launched the new-generation Li L6 with a unified national retail price of RMB 249,800. Retaining the spaciousness and dimensional advantages of its predecessor, the new model has been upgraded in core experience dimensions including comfort, handling, intelligence and driving range, with intelligent systems as a key focus of the upgrade. It is equipped with Li Auto’s self-developed Mach M100 smart driving chip, Qualcomm Snapdragon 8797 cockpit chip and a 29-inch 6K panoramic display. A dual Mach M100 embodied AI package is available as an optional extra, bringing it on par with the RMB 500,000 flagship Li L9 in terms of hardware specifications with chips of the same generation. In terms of power, the battery capacity of the new-generation Li L6 has been raised from 37kWh to 51kWh, lifting its CLTC pure electric range from 212 km to 300 km, while charging from 20% to 80% SoC takes only 12 minutes.

On July 16, GAC Group announced its 30 millionth finished vehicle rolled off the production line, which is the overseas version of M8 PHEV. Following FAW Group, SAIC Motor, Dongfeng Motor and Changan Automobile, GAC becomes China’s fifth automotive conglomerate to hit the 30-million-unit production milestone. GAC Group stated that the output of 30 million vehicles represents the choice and trust of 30 million household customers. Statistics show the group sold 144,866 vehicles in June, down 3.47% year-on-year; cumulative sales for the year reached 773,085 units, a year-on-year increase of 2.35%.