GAC Group: Q1 Consolidated Total Operating Revenue of 20.229 Billion Yuan

On May 26, the MIIT released its 2026 automotive standardization work priorities, focusing on expanding NEV standards. For power batteries, the ministry will accelerate safety standards for dismantling and crushing, and promote standards for battery dimensions and thermal management systems. Research will also deepen into battery cycle life, safety and performance evaluation, labeling, recycling, and BMS. Additionally, guidelines emphasize reviewing standards for chassis battery swapping, V2G, and automated charging.

【Domestic Dynamics: Sunwoda 50,000-Ton Battery Recycling Phase I Begins Production】 Tengzhou Sunwoda's Phase I lithium-ion battery recycling project has commenced full production in 2026. Spanning 200 acres, the facility fills a critical downstream gap in the regional new energy supply chain. ​Operating on a closed-loop model, its 1.1-km automated line can process 50,000 tons of waste batteries annually—equivalent to recycling 60,000 EVs. ​The highly automated line integrates dismantling, pyrolysis, crushing, and restoration, achieving a 98.5% core element recovery rate to produce high-value black mass. ​By converting waste into lithium, nickel, and cobalt, the project resolves local material shortages and enhances regional supply chain security.

The Shenzhen 15th Five-Year Plan outline proposes accelerating the construction of a world-class new energy storage industry center, promoting the entire "generation-grid-load-storage" chain. Meanwhile, Shenzhen will expand its local NEV manufacturing scale, aiming for strategic emerging industry added value to top RMB 2.3 trillion by 2030.