L&F Signs Long-Term LFP Cathode Supply Contract With U.S. Firm Coreshell

FAW Jiefang announced on July 13 that its net profit attributable to shareholders of listed companies for the first half of 2026 is projected to range from 270 million yuan to 320 million yuan, representing a year-on-year jump of 1,274% to 1,528%. During the reporting period, the company drove sales growth by continuously optimizing product mix, expanding overseas presence and tapping into full-chain service value. Meanwhile, it advanced lean operation management, strictly controlled costs and expenses to boost profitability. Driven by coordinated efforts across products, overseas business, services and cost control, the firm saw simultaneous improvements in operational resilience and quality, leading to a sharp year-on-year surge in net profit.

According to China News Service, the Hainan Provincial People's Government recently issued the 15th Five-Year Plan for Hainan National Ecological Civilization Pilot Zone (15th Five-Year Plan for Building a Beautiful Hainan) (hereafter referred to as the Plan). It puts forward steady progress on phasing out sales of fuel-powered vehicles by 2030, when the share of new energy vehicles (NEVs) in Hainan’s total vehicle stock is projected to climb from 23.75% in 2025 to 45%. This will make Hainan China’s first province to halt sales of fuel-powered vehicles.

According to the China Association of Automobile Manufacturers (CAAM), the passenger vehicle market maintained structural divergence in June 2026. Domestic demand remained under pressure while exports posted robust growth. Sales of fuel vehicles slumped markedly amid volatile high oil prices, whereas new energy vehicles sustained steady growth with their market share further climbing. In June 2026, passenger vehicle output reached 2.373 million units and sales hit 2.402 million units, rising 5.9% and 6.6% month-on-month, yet falling 2.8% and 5.3% year-on-year respectively. For the first six months of 2026, cumulative production and sales of passenger vehicles stood at 12.721 million units and 12.72 million units, down 5.9% and 6% year-on-year.