Capchem's Q1 2026 Net Profit Grows Over 100%

MGL announced that the company plans to sign an investment agreement with the Management Committee of Dazhou High-tech Industrial Park and invest 500 million yuan to establish a wholly-owned subsidiary, Sichuan MGL New Material Technology Co., Ltd., to implement the fourth-generation and beyond lithium iron phosphate integrated project. This project includes two sub-projects: lithium iron phosphate and iron phosphate, both to be constructed in two phases. The lithium iron phosphate sub-project involves a total investment of approximately 1.8 billion yuan, while the iron phosphate sub-project involves a total investment of approximately 1.2 billion yuan, bringing the combined total investment to approximately 3 billion yuan.

The two parties will engage in in-depth cooperation in areas such as new energy adoption in the steel industry, green and smart mines, logistics electrification, zero-carbon industrial parks, and supply chain collaboration. The two parties will strive to deploy over 3,000 electric heavy-duty trucks during the 15th Five-Year Plan period, complete the battery swapping layout for no fewer than 16 logistics hub routes, and build and operate 100 battery swapping stations. In addition, the two parties will advance centralized and distributed wind and solar power projects, and using Jianlong Group's industrial parks as pilots, explore a two-way empowerment pathway between new energy adoption in high-energy-consuming industries and the industrialisation of new energy.

On April 11, the High-Level Forum on Intelligent Electric Vehicle Development (2026) was held. The "15th Five-Year Plan" period is the decisive phase for China to transform from a major automotive country into an automotive powerhouse. NEVs are expected to undertake the national mission of building a manufacturing powerhouse, a science and technology powerhouse, a transportation powerhouse, and achieving the "dual carbon" goals. By 2030, NEVs will become the absolute mainstream of the automotive market, with the penetration rate in China expected to exceed 70%. The goal of building China into a NEV powerhouse is expected to be achieved ahead of schedule by the end of the "15th Five-Year Plan" period.