BEV Registrations Surge 51% Across Europe in March Amid Geopolitical Tensions

On April 21, news emerged that Zhaoxin Shares disclosed an announcement regarding its wholly-owned subsidiary's external investment to establish a joint venture company. The company's wholly-owned subsidiary, Qinghai Ruiqi New Material Technology Co., Ltd., plans to sign a "Joint Venture Operating Agreement" with Shenzhen Chaochuang Sanre New Energy Technology Co., Ltd. to jointly invest in establishing a joint venture company, deepening upstream and downstream supply chain cooperation in salt lake resources. The company aims to achieve deep synergy in areas such as the development and utilization of salt lake resources, waste battery recycling, and lithium-containing raw materials.

On April 20, Tianqi Lithium Corporation released its performance forecast for the first quarter of 2026. The company expects its first-quarter performance to show a significant year-on-year increase, with net profit attributable to shareholders of the listed company ranging from 1.7 billion yuan to 2.0 billion yuan, a year-on-year increase of 1530.31% to 1818.01%. On the one hand, benefiting from the development of the new energy industry and growth in downstream demand, the company's operating revenue for the first quarter increased significantly compared to the same period last year. On the other hand, the company's investment income from its associate SQM increased significantly year-on-year.

Chinese battery maker Sunwoda unveiled its next-generation LFP battery, “Xingchi Supercharge 2.0,” during its Technology Day event. The key highlight of Xingchi 2.0 is its peak charging capability of up to 15C. Based on a 98.8 kWh battery, it can theoretically accept up to 1,482 kW of power. The showcased battery pack, built with 264 prismatic cells, operates under an 844.8V high-voltage system and can handle currents of up to 1,800A. It can charge from 5% to 75% in just 5 minutes and 30 seconds, with an average charging rate of 6.7C.