NDRC Launches a New Batch of Major Foreign-Invested Projects, with Planned Investment of $13.4 billion

Raw material side, spot lithium carbonate prices fluctuated this week, cobalt sulphate prices remained temporarily stable, and nickel sulphate prices dropped slightly.

According to Gu Chunshan, Vice President of Chery Automobile, as the countdown to mass production and popularization begins, all-solid-state batteries have become the focus of attention for both the industry and users, and Chery will place no upper limit on its future investment in all-solid-state batteries. It is reported that Chery's Rhino Battery S Series 60Ah, 400Wh/kg solid-state battery uses a sulphide-based solid electrolyte system and high-nickel ternary cathode material; the 600Wh/kg solid-state battery uses an in-situ polymerization solid electrolyte system and lithium-rich manganese cathode material, with a driving range of over 1,500 km, and the company aims to carry out vehicle validation by 2027.

On March 18, Chery Automobile announced its full-year 2025 results. In 2025, Chery Automobile recorded total revenue of 300.29 billion yuan, up 11.3% YoY; net profit of 19.51 billion yuan, up 36.1% YoY; and net profit margin improved from 5.3% to 6.5%, indicating continuously stronger profitability. Profit attributable to owners of the company was 19.019 billion yuan, up 34.6% YoY, further enhancing shareholder returns. In 2025, Chery Automobile’s self-owned brand passenger vehicle sales reached 2.6314 million units, up 14.6% YoY; new energy self-owned brand passenger vehicle sales reached 826,500 units, up 72.5% YoY, with new energy and globalization becoming key drivers of earnings growth.