【SMM Analysis】Post-holiday Work Resumption Delays Cause Cobalt Sulfate Increase to Fall Short of Expectations

[Beijing's H1 Passenger Car New L2 Assisted Driving Penetration Rate Reaches 77.5%, L3 Mass-Produced Models First to Land] At the Media Roundtable of the 2026 World Intelligent Connected Vehicles Conference, Su Guobin, Deputy Director of Beijing Municipal Bureau of Economy and Information Technology, introduced that in H1 2026, the penetration rate of Level 2 combined assisted driving among new passenger cars in the city reached 77.5%, higher than the national average level of 70%; BAIC Arcfox Alpha S became one of the first L3-level conditional autonomous driving mass-produced car models nationwide, taking the lead in achieving legal road operation and commercial deployment of high-level autonomous driving; supported by the country’s first high-level autonomous driving demonstration zone, Beijing has cumulatively issued over 1,500 test licenses, with safe testing mileage exceeding 65 million kilometers. In terms of Beijing-Tianjin-Hebei collaboration, Beijing is jointly building an intelligent connected NEV technology and ecology port with Tianjin and Hebei, which has attracted over 200 industry chain enterprises, with 53 signing and settling. Next, Beijing will focus on four aspects: industrialisation of high-level autonomous driving, “Dual Intelligence” 4 construction, core technology breakthroughs, and Beijing-Tianjin-Hebei industrial collaboration, to build a world-class industrial cluster.

[CGN Ningde 200 MW Offshore PV Project Fully Connected to Grid and Generating Power] The CGN Ningde 200 MW offshore PV project has been fully connected to the grid and is generating power. The project is one of the first batch of offshore PV projects in Fujian Province, and also CGN's first "nuclear-PV co-located" offshore PV project. It has an installed capacity of 200 MW and is equipped with a 20 MW/40 megawatt hour ESS. During its 25-year operational period, the project is expected to deliver an average annual on-grid power generation of about 300 million kWh, equivalent to reducing standard coal consumption by approximately 91,300 mt and cutting carbon dioxide emissions by roughly 198,000 mt.

Na noite de 30 de julho, a Ronbay Technology emitiu um comunicado anunciando seu plano de investir na construção do projeto integrado de material catódico de sódio de Xiantao, com capacidade anual de 300 mil toneladas. O projeto tem capacidade total planejada de 300 mil toneladas por ano, a ser construído em três fases e colocado em operação gradualmente: Fase I para 50 mil toneladas, Fase II para 100 mil toneladas e Fase III para 150 mil toneladas. O período total de construção é estimado em 24 meses. O investimento total do projeto é de aproximadamente 4,723 bilhões de yuans, dos quais 4 bilhões de yuans são para ativos fixos e 723 milhões de yuans para capital de giro. O projeto planeja ocupar aproximadamente 380 mu de terra, com área total construída de cerca de 350 mil metros quadrados. A construção incluirá três oficinas de produção e instalações de apoio, como estação de tratamento de águas residuais, estação de compressor de ar, subestação de distribuição de energia e armazém.