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    2026 Automotive Supplier Outlook
    In the wake of another tumultuous year for the global automotive industry, this report provides unfiltered insights directly from the front lines. S&P Global Mobility’s Matthew Beecham engaged with 59 senior executives from across the automotive supply chain to capture their experiences and strategies. Now in its third year, this comprehensive end-of-year analysis outlines the operational and strategic challenges suppliers faced in 2025 and how they are preparing for 2026. The suppliers...
    Insights
    2026 Automotive Analyst Outlook
    S&P Global Mobility’s 2026 Automotive Analyst Outlook presents a comprehensive collection of insights, reflections and forward-looking perspectives from our team of analysts. Drawing on a year marked by volatility, innovation and adaptation, our experts examine how the global automotive industry navigated the challenges and opportunities of 2025 — from supply chain disruptions and regulatory shifts to the evolving landscape of electrification, connectivity and consumer preferences. Throu...
    Insights
    CATL begins deploying sodium-ion batteries in Changan’s electric cars
    CATL has started deploying its sodium-ion batteries in production-ready passenger vehicles, aiming to establish a leading position in developing more sustainable batteries. Together with Changan Automobile, CATL has introduced a sodium-ion battery-powered vehicle in Yakshi, Hulunbuir, Inner Mongolia, targeting a mid-2026 market launch. This is the world's first mass-produced passenger vehicle with sodium-ion batteries, although previous announcements by other Chinese automakers did not lead to l...
    News
    Foxconn opens EV technology R&D center in mainland China
    Taiwanese technology company Foxconn has started operations at its new research and development center focused on electric vehicles and associated technologies in Zhengzhou, located in mainland China. The local government announced that the facility is positioned close to BYD's factory in Zhengzhou and will concentrate on advancements in next-generation electric and electrical architecture, as well as smart driving technology. Li Guangyao, the general manager of a Henan, mainland China-bas...
    News
    Svolt’s Dragon Armor 3.0 battery achieves fire and electricity separation to control thermal runaway
    Svolt Energy has introduced its Dragon Armor 3.0 battery, designed to achieve fire and electricity separation, which physically separates the terminals from the pressure relief channels. This design ensures that in the event of thermal runaway, flames are expelled directionally away from the vehicle's passenger area. The separation is achieved by placing the positive terminal on one side and the pressure relief channel on the opposite, each with distinct paths to prevent fire from reaching th...
    News
    Ford and Geely are in talks to collaborate on manufacturing and technology
    Ford Motor and Geely Auto are in discussions about a potential partnership to share the costs of technology and manufacturing. Geely may use Ford's European factory to produce vehicles for the European market, according to a Reuters report. Additionally, the companies are considering a framework for sharing automotive technologies, including autonomous driving. Progress on the European manufacturing negotiations appears to be smoother, with Ford's plant in Valencia, Spain, likely being con...
    News
    CATL’s new 5C battery can retain 80% capacity even after 3,000 cycles
    CATL has unveiled a new battery pack, which retains 80% of its capacity after 3,000 cycles, or approximately 1.8 million km. This battery life cycle is six times the current industry average. CATL's 5C battery was introduced in a video published Jan. 29. CATL describes this technology as a significant advancement in ultrafast-charging durability, with performance that could potentially outlast the vehicle itself. The battery reportedly maintains 80% capacity even under extreme heat of 60°...
    News
    Changan deploys CATL’s sodium-ion batteries in passenger vehicles for winter testing
    CATL is reportedly now using its sodium-ion batteries in passenger vehicles, making a transition from initial use in commercial vehicles. These batteries, from CATL's sodium-ion battery brand Naxtra, have been installed in a passenger vehicle model positioned under Changan Automobile's Oshan subbrand, with winter testing scheduled to start soon. CATL's sodium-ion batteries will soon be featured in passenger vehicle models from GAC Group and Anhui Jianghuai Automobile Group Corp (JAC). CATL...
    News
    Kandi Technologies partners with Qiji Energy for battery-swap station deployment
    Kandi Technologies Group Inc., renowned for its all-electric vehicles, has announced a new three-year strategic cooperation agreement through its subsidiary, China Battery Exchange, with Qiji Energy, which is a part of CATL. This agreement focuses on the deployment of heavy-truck battery-swap stations, encompassing mass-production projects, aftersales services and ongoing operational support. China Battery Exchange will serve as a strategic supplier to Qiji Energy, providing solutions for equ...
    News
    CATL expects to begin deploying sodium-ion batteries in passenger cars in Q2 2026
    CATL, the world's largest battery manufacturer, plans to begin incorporating sodium-ion batteries in passenger vehicles in the second quarter of 2026 to promote broader adoption of this new battery technology. The first cars to feature sodium-ion batteries will come from Chinese automaker GAC Aion, according to CATL's Chief Technology Officer Gao Huan. CATL is scaling up the production capacity of sodium-ion batteries. According to Gao, as the production capacity increases, these batt...
    News
    Geely plans to commence production of solid-state battery packs later in 2026
    Leading Chinese automaker Geely Auto is set to begin production of solid-state battery packs later in 2026, marking significant progress in the research and development of the next-generation battery technology. This announcement was made at the Geely Holding Group's five-year strategy communication event, where it was stated that Geely Auto will complete production of its first in-house-developed all-solid-state battery pack in 2026 and will conduct vehicle installation verification. ...
    News
    CATL unveils world’s first mass-produced sodium-ion battery for light commercial vehicles
    Contemporary Amperex Technology Co. Ltd. (CATL), the world's largest battery-maker, has unveiled its Tianxing II light commercial vehicle (LCV) battery series, introducing the industry's first mass-produced low-temperature sodium-ion battery. Notable for its 45-kWh capacity, the newly unveiled sodium-ion battery pack offers an energy density of 175 watt-hours per kilogram (Wh/kg) and a cycle life of more than 10,000 cycles. It is the first to be certified under the GB 38031-2025 natio...
    News
    LG Energy Solution launches pilot production line for sodium batteries at its plant in mainland China
    LG Energy Solution (LGES), a South Korean battery manufacturer, is progressing with the construction of a pilot production line for sodium-ion batteries at its Nanjing facility in Jiangsu, China. This effort aims to evaluate the feasibility of mass production. The company plans to carry out research and development for next-generation batteries at its Daejeon Technology Research Institute in South Korea, followed by the creation of a prototype battery, referred to as Sample A, at its primary ...
    News
    Antolin holds signing ceremony for Global R&D & Innovation Center in mainland China
    On Jan. 16, Antolin held the official signing ceremony for its Global R&D & Innovation Center in mainland China. This event followed the completion of registration procedures and took place near Antolin's SUZ plant in Kunshan, Jiangsu province. The ceremony included key stakeholders from both Antolin and the local government, symbolizing a critical aspect of Antolin's global development strategy. According to Antolin, its China Global R&D & Innovation Center aims to fulfill th...
    News
    Chery's Exeed brand aims to roll out solid-state battery vehicles with 1,500-km range in 2026
    Chery's Exeed brand plans to equip its battery-electric vehicles with solid-state batteries by 2026, specifically in a shooting brake model named Liefeng, which will boast a driving range of 1,500 km in temperatures as low as -30°C. The solid-state battery, known as Chery's Rhino S solid-state battery, is expected to have an energy density of 600 watt-hours per kilogram. Currently, polymer, oxide and sulfide are the mainstream alternative electrolytes for solid-state battery development, ...
    News
    Mainland China introduces digital IDs for EV battery recycling
    Mainland China plans to introduce "digital IDs" for new-energy vehicle (NEV) power batteries to improve life-cycle supervision and promote safe recycling, as announced by the country's Ministry of Industry and Information Technology (MIIT). The initiative is part of new regulations designed to standardize the handling of retired batteries, with the expectation that the volume of retired batteries in mainland China could surpass 1 million metric tons annually by 2030. Wang Peng, head of the En...
    News
    Ford in talks with BYD for hybrid model batteries amid EV demand challenges
    Ford is reportedly in talks with BYD to acquire batteries for its hybrid models, according to The Wall Street Journal. This potential deal is being considered as Ford faces decreasing demand for electric vehicles. Discussions between the two companies are ongoing, with one possibility being the use of BYD batteries in markets outside the US. Ford commented that it engages in discussions with many companies on various matters, but BYD did not respond to requests for comment. The report has ...
    News
    Dongfeng’s begins extreme cold weather testing of EVs equipped with 350-Wh/kg solid-state battery
    Dongfeng Automobile has commenced testing electric vehicles equipped with its 350-watt-hour per kilogram (Wh/kg) solid-state batteries in extreme cold weather conditions. The test fleet has departed from Wuhan to the Mohe Cold Region, which is in the northernmost part of mainland China, for rigorous winter calibration testing. The solid-state batteries are expected to provide EVs with a driving range of more than 1,000 km on a single charge and have passed stringent 170°C heat-box tests, dem...
    News
    CATL signs lithium iron phosphate cathode material supply agreement with Ningbo Ronbay New Energy
    CATL, the world's largest battery manufacturer, has secured a supply of lithium iron phosphate (LFP) materials and invested in a lithium supplier to ensure the future supply of critical materials. Ningbo Ronbay New Energy Technology, which is listed on the Shanghai Stock Exchange, announced that it has entered into an agreement with CATL to supply the latter with LFP cathode materials from the first quarter of 2026 to 2031. The agreement involves the supply of 3.05 million metric tons of...
    News
    Svolt Energy unveils 80-kWh battery pack for PHEVs
    Svolt Energy has launched an 80-kWh battery pack for plug-in hybrid electric vehicles, claiming it to be the world's largest battery pack for PHEVs. Svolt unveiled the battery pack on the sidelines of its sixth Battery Day event in Changzhou, Jiangsu province, in mainland China. The battery pack is designed with an integrated system that enhances volume utilization and system energy density by 6%. Svolt Energy highlighted the pack's ultrafast-charging graphite technology, which s...
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    Volvo initiates global recall soon after Geely filed lawsuit against Sunwoda over battery safety issues
    Volvo Car Group, owned by mainland China's Geely Holding, has initiated a global recall of its battery-electric vehicles (BEVs) due to safety concerns with batteries supplied by Chinese manufacturer Sunwoda Electronic. This decision follows a lawsuit filed by another Geely subsidiary against Sunwoda over battery quality issues. Volvo confirmed that in the UK market, 10,440 EX30 vehicles are affected by potential safety hazards linked to Sunwoda's high-voltage batteries. In total, 33,777 EX30 ...
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    Chinese Ministry of Commerce, EU authorities reach consensus on BEV exports from China
    Mainland China and the EU have reached a consensus regarding the price undertakings for exported battery-electric vehicles (BEVs). The agreement includes providing general guidance to Chinese exporters of BEVs to the EU. This consensus follows the EU's decision to impose anti-subsidy tariffs on Chinese BEVs in 2024, after an investigation into state support for the segment. The tariffs imposed were up to 35.3% in addition to the standard 10% tariff, a policy mainland China disagreed with...
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    CES 2026: ProLogium Technology and FEV Group showcase advanced EV battery
    ProLogium Technology and FEV Group collaborated to exhibit their next-generation electric vehicle battery module at the Consumer Electronics Show (CES) in Las Vegas in January. The module is built on ProLogium's proprietary superfluidized all-inorganic solid-state lithium ceramic battery technology, designed to achieve high energy density, ultrahigh safety, fast-charging capability and excellent low-temperature performance. This aims to enable EVs to achieve a driving range of approximat...
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    Hylic inaugurates first factory for liquid-solid-state battery production in mainland China
    Hylic, officially known as Heyuan Lithium Innovation in mainland China, has begun operations at its first factory for the mass production of liquid-solid-state batteries in Jiangsu province in the fourth quarter of 2025. The company, founded in January 2023 and headquartered in Suzhou, mainland China, focuses on the research, development, production and sales of solid-state lithium-ion battery products for various applications, including energy storage, power and household appliance...
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    Nexen Tire supplies OE tires for the new Hyundai Elexio electric SUV in mainland China
    Nexen Tire has announced that it is supplying original equipment (OE) tires for Hyundai Motor's new electric sport utility vehicle, the Elexio, developed exclusively for the mainland Chinese market. Built on the automaker’s Electric-Global Modular Platform (E-GMP), the Elexio is the first electric vehicle produced by Beijing Hyundai, a joint venture of Hyundai Motor and BAIC Motor. Nexen Tire is providing two ultrahigh-performance tire models for this vehicle: The N'Fera Supreme S and ...
    News
    CATL and Nio strengthen partnership to advance EV battery lifespan
    Contemporary Amperex Technology Ltd. (CATL) and Nio have intensified their partnership to develop electric vehicle batteries with longer lifespans. This collaboration highlights the urgency within the industry, as the replacement of expired batteries threatens to be costly for the 40 million EV owners worldwide. Under a five-year agreement, CATL and Nio aim to pursue new technologies to extend the life cycle of EV batteries, representing enhanced synergy between the two companies. William Li,...
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    CES 2026: AUO Mobility Solutions present smart cockpit innovations
    AUO Mobility Solutions, the newly established subsidiary of Taiwan-based display company AUO, is participating in the Consumer Electronics Show (CES) 2026 in Las Vegas. The company is presenting its expertise in Visual, Computing and Connectivity under the theme Together, We Drive the New Era. AUO Mobility Solutions intends to innovate the smart cockpit concept to make it a human-centric space, enhancing the human-machine interaction (HMI) experience in software-defined vehicles (SDVs). Frank...
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    FAW Hongqi rolls out first prototype EV with solid-state batteries
    Leading Chinese vehicle manufacturer FAW Group's Hongqi brand has unveiled its first prototype electric car equipped with solid-state batteries, marking a significant milestone in the company's advanced development of incorporating solid-state batteries into a battery-electric vehicle (BEV). On Dec. 31, 2025, the all-solid-state battery pack developed by Hongqi's research and development team was installed in the Hongqi Tiangong 06 prototype vehicle, marking the brand's initiation into r...
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    Shanghai extends its policy of providing free license plates to EVs
    Shanghai has announced the extension of its policy to provide free license plates for electric vehicles registered in the city until Dec. 31, 2026. Initially set to expire on Dec. 31, 2025, the measure has been renewed for another year, applicable to consumers purchasing EVs for non-commercial use. Shanghai, which hosts Tesla's China factory and serves as the global headquarters for Nio Inc., is also home to leading automotive manufacturer SAIC Motor. Eligibility for the free license plate...
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    Nio aims to add 1,000 battery-swap stations to its existing network in 2026
    Shanghai-based electric-car maker Nio Inc. plans to increase infrastructure development in 2026 after a slowdown in 2024 and 2025. The company announced that it will deploy fifth-generation battery-swap stations starting in 2026, with the aim of adding at least 1,000 stations throughout the year. This announcement was made by Nio Founder, Chairman and CEO William Li during a live video broadcast. Nio had unveiled its fourth-generation battery-swap station at Nio Day 202...
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    Nio to add over 4,200 long-range battery packs to its swap system across China
    Shanghai-based electric-car maker Nio Inc. plans to enhance its main brand's battery-swap network in January 2026 by adding over 4,200 long-range battery packs. According to a recent announcement, the Nio brand will incorporate 1,200 units of 100-kWh battery packs for older models and over 3,000 units of 102-kWh battery packs for newer vehicles into its swap system. This move is a response to user demand, with the aim of maintaining adequate battery supply. In December 2025, Nio set a new ...
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    Mainland China invites public feedback on solid-state batteries
    Mainland China has started a public feedback process for solid-state batteries used in electric vehicles, as the country prepares for the large-scale commercialization of this next-generation technology within the next two years. The initiative began with the release of "Solid-state Battery for Electric Vehicle — Part 1: Terms and Classification" by mainland China's National Technical Committee of Auto Standardization on Dec. 30, 2025. This marks the country's first national standard for so...
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    CATL achieves 2025 goal of deploying 1,000 battery-swap stations across mainland China
    CATL has successfully achieved its goal of building 1,000 battery-swap stations in mainland China in 2025. Subsequently, the company has raised its target for 2026 as it plans to aggressively expand its battery-swap network nationwide.  Locally called the Choco swap station, CATL announced the completion of its 1,000th battery-swap station in Nanchang, Jiangxi, in mainland China. The company has installed a total of 1,020 swap stations across 45 cities within a year. CATL's revised ta...
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    CPCA expects a decline in China’s battery demand in early 2026
    Cui Dongshu, the secretary-general of the China Passenger Car Association (CPCA), anticipates a notable decrease in mainland China's lithium battery demand in early 2026, coinciding with a downturn in new-energy vehicle (NEV) sales. This decline in demand is expected to be significant compared to the fourth quarter of 2025, as discussed by Cui in a recent article on his personal WeChat account. Battery manufacturers are likely to respond to these demand fluctuations by reducing production or ...
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    Nio builds a network of 200 battery-swap stations in Shanghai
    Nio Inc. has successfully established 200 battery-swap stations in Shanghai, where its global headquarters are situated. The 200th battery-swap station was inaugurated Dec. 28 at a Sinopec gas station, constructed through a collaboration with the Chinese oil giant. As of now, Nio operates 201 battery-swap stations in Shanghai, which contains the highest concentration of such facilities globally. To date, the company has conducted approximately 10.4 million battery-swap services in the ci...
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    CATL expects a wider uptake of sodium-ion batteries in 2026
    CATL, the world's largest battery manufacturer, expects sodium-ion batteries to see widespread use across various sectors beginning in 2026, as lithium prices have increased sharply in recent months. At a supplier conference in Ningde, Fujian, CATL projected that sodium batteries would become widely adopted in applications such as battery swapping, passenger and commercial vehicles, and energy storage. The company suggested that sodium-ion and lithium-ion batteries would create a new dual-sta...
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    China mandates ‘No Fire, No Explosion’ battery rule
    Mainland China has completed the development and revision of 294 national standards across 13 key sectors, including electric vehicle power battery safety requirements, which have been upgraded to mandatory status for the first time. This information was released by the State Administration for Market Regulation on Dec. 26 and reported by CCTV. These standards were issued under a joint action plan by seven government departments and have been approved and published for future implementation. ...
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    Leapmotor secures $530 million from FAW
    Leapmotor, a leading manufacturer of new-energy vehicles (NEVs), has secured a significant investment from China FAW Group, marking a notable instance of a mainland Chinese state-owned automaker investing in an NEV startup. According to a regulatory filing, Leapmotor has signed an agreement on Dec. 28 with FAW Equity Investment, a wholly owned subsidiary of China FAW, to issue 74,832,245 domestic shares at 50.03 yuan (about $7.13) per share, raising 3.74 billion yuan. The newly rais...
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    Nio strengthens reliance on CATL as primary battery supplier amid supply strategy shift
    Shanghai-based electric-car maker Nio has adjusted its battery supply strategy, reversing its efforts to reduce dependence on Contemporary Amperex Technology Co. Ltd. (CATL). Nio halted cooperation with BYD's FinDreams Battery due to insufficient orders for its Onvo subbrand's L60 midsize sport utility vehicle, as reported by local media outlet 36Kr. As a result of reduced supply from BYD, CATL has become the primary supplier for both Onvo's 85-kWh long-range battery and 100-kWh batteries, wh...
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    Changan’s EV arm Deepal secures $874 million in Series-C funding
    Deepal, the electric vehicle unit of leading mainland Chinese vehicle manufacturer Changan Automobile, has successfully completed its Series-C funding round, raising 6.122 billion yuan (about $874 million). This funding is set to enhance Deepal's ability to compete in the intense EV market. The round introduced two new shareholders — Chongqing-based state-owned enterprise Yufu Holding Group and CMB Financial Asset Investment, a subsidiary of China Merchants Bank. Following the investment...
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    CATL's Yichun lithium mine to resume operations by Lunar New Year
    The lithium mine operated by CATL in Yichun, Jiangxi, is expected to resume operations in about two months after being shut down in August 2025 due to an expired mining permit in mainland China. The mine is anticipated to restart around the Lunar New Year in February 2026, with the holiday running from Feb. 15 to 23, 2026. CATL halted operations on Aug. 10, 2025, which led to a spike in lithium carbonate prices. During the halt, CATL was working on renewing the permit. Reports in November 202...
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    CATL subsidiary launches longest battery swap-enabled route for heavy-duty electric trucks in mainland China
    Qiji Energy, a subsidiary of CATL, has launched its longest battery-swap route for heavy-duty electric trucks in mainland China. The battery swap-enabled route is a 1,250-km stretch on the Shanghai-Chengdu Expressway's Sichuan-Chongqing-Hubei section in mainland China. Qiji Energy specializes in heavy-duty truck battery-swap solutions, with its stations being compatible with over 95% of mainstream truck models, enabling battery swaps in about five minutes. Each battery module has a ca...
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    BYD teams up with Mobil to launch engine oil for PHEVs
    BYD has announced a collaboration with Mobil to launch the world's first engine oil series specifically developed for plug-in hybrid electric vehicles. This new engine oil is tailored to BYD's DM-i (Dual Mode) hybrid technology, aimed at addressing the lubrication challenges faced by PHEVs under specific operating conditions. PHEV models, when compared to traditional gasoline-powered vehicles, have a more complex engine operating mode that includes frequent starts and stops, short-duration...
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    Zeekr delists from NYSE, completes merger with Geely
    Zeekr Group has finalized its merger with leading mainland Chinese automaker Geely Automobile Holdings, becoming a wholly owned subsidiary of the latter and ceasing to be a publicly traded company. Following the merger, Zeekr has requested the NYSE to suspend trading of its American Depositary Shares (ADS) by Dec. 22, 2025, and to notify the SEC of its delisting and deregistration of securities. This merger is part of Zhejiang Geely Holding Group's broader restructuring strategy, which aims t...
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    Eve Energy breaks ground on a 2-GWh sodium battery plant in mainland China
    Eve Energy, a leading mainland Chinese battery manufacturer, has commenced construction of a sodium battery plant in mainland China with the aim of advancing new battery technologies. The upcoming facility is expected to also serve as a business headquarters for the company's planned sodium-ion battery business in the future. The project, which also includes an AI robotics center, began on Dec. 22 in Huizhou, Guangdong. With an investment of approximately 1 billion yuan (about $140 mi...
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    Porsche to shut down proprietary EV charging network in mainland China amid market challenges – report
    Porsche has announced plans to close its proprietary charging network for electric vehicles in mainland China as the company continues to experience a decline in market share in the world's largest auto market, The Detroit News reported on Dec. 22, citing a Bloomberg report. The Volkswagen Group’s subsidiary, which operates about 200 chargers in mainland China, will begin to gradually decommission these chargers starting in March 2026. However, Porsche will continue to collaborate with externa...
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    SAIC rolls out MG4 Anxin hatchback, world’s first mass-produced EV with semisolid-state battery
    SAIC's MG brand has announced that its new electric MG4 Anxin Edition hatchback has started customer deliveries in mainland China. The MG4 Anxin hatchback is the first mass-produced passenger electric vehicle powered by a semisolid-state battery. This vehicle boasts a China Light-Duty Vehicle Test Cycle (CLTC) range of 530 km per charge and supports 2C fast charging, where C stands for the rated capacity of the battery.  Introduced at the Chengdu Mot...
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    BYD launches home charging station sharing service in mainland China
    BYD has introduced a home charging station sharing service through its official app in mainland China, targeting owners of BYD vehicles within the same community. This service allows the owners of electric vehicle chargers and end users to negotiate transaction details, including charging time slots and fees, after exchanging contact information. BYD's new initiative is designed to utilize the typically idle charging stations during the day when owners are away, providing an opportunity ...
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    CATL signs 10-year agreement with Voyah to supply advanced battery technologies
    CATL has entered into a 10-year agreement with Voyah, a new-energy vehicle (NEV) brand under Dongfeng Motor, to strengthen its position as a battery supplier. The agreement, signed Dec. 17 in Ningde, Fujian, aims to prioritize the supply of CATL's advanced technologies such as the Qilin Battery, Freevoy Battery and Shenxing Battery, for integration into Voyah vehicles. CATL will also establish production capacity near Voyah's facilities to ensure a stable supply chain as Voyah scales up ...
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    Solid-state battery company WeLion achieves 824 Wh/kg energy density in its R&D lab
    Welion New Energy, a Chinese solid-state battery company, has announced a significant breakthrough in its solid-state battery technology, achieving an energy density of 824 watt-hours per kilogram (Wh/kg) in its laboratory tests. Notably, the company has set a future goal of exceeding an energy density of 1,000 Wh/kg. Chairman Yu Huigen shared these findings during a television program on Chinese state media, CCTV. Despite this advancement, Yu pointed out that high costs, especially due ...
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    BYD expands the use of its 240-kW electric motor in other mid-range EV models
    BYD is extending the application of its 240-kW peak-power electric motor, called the TZ200XYAT, to several midrange electric vehicles, including the Seal 07 EV, Seal 06 GT, Seal 06 EV, Qin Max, Han EV and Ti3, as per recent regulatory filings. This motor, a permanent-magnet synchronous motor, is rated at 120 kW with a peak output of 240 kW, equivalent to approximately 326hp. It is compatible with BYD's 800-V high-voltage architecture and also supports the megawatt flash charge system, featuri...
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    Tellus Power collaborates with Cornerstone Technologies to boost EV charging in Southeast Asia
    Tellus Power GLOBE Holding Ltd., an innovative provider of electric vehicle charging solutions, announced a strategic cooperation agreement with Cornerstone Technologies Holding Ltd. to expand EV charging infrastructure and deploy advanced energy technologies in Hong Kong and Southeast Asian markets. Under the agreement, Cornerstone plans to expand its charging network in these regions, establishing a nonexclusive preferred supplier relationship. The partnership combines the strengths of...
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    Battery separator suppliers in China plan to raise prices, could impact EV battery cost
    Mainland China's lithium-ion battery supply chain is facing cost pressures due to proposed price increases from major battery separator manufacturers. This is expected to impact the electric vehicle battery costs in the near term. Several leading separator firms have announced price increases of up to 30% for wet-process separator products, as reported by NBD (Daily Economic News, China), with base film and coated film expected to experience similar increases. While some adjustments have begu...
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    Semisolid-state battery supplier WeLion New Energy plans to file for an IPO in mainland China
    Beijing WeLion New Energy Technology, a semisolid-state battery supplier for Shanghai-based electric-car maker Nio Inc., is preparing for a domestic stock market listing by initiating pre-IPO tutoring work. The company plans to list on China's ChiNext stock market, a board for growth enterprises, with assistance from the domestic investment bank China Securities. As documented on the China Securities Regulatory Commission website, WeLion signed the pre-IPO tutoring agreement on Dec. 8. This p...
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    Ace Green Recycling advances global zero-emissions battery recycling strategy in key markets
    Ace Green Recycling Inc. has announced significant progress in its global expansion strategy, with zero-emissions battery recycling equipment deployments in Taiwan, Thailand and Armenia. The company is shipping equipment for projects in Taiwan and Thailand, and has commenced shipments to Armenia for lead and lithium recycling. In Taiwan, Ace is collaborating with ACME Metal Enterprise, with equipment set to arrive early in 2026, marking phase two of its deployment to expand zero-emissions cap...
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    Farasis to supply 10 GWh of batteries to GAC Aion’s Europe-bound EV models
    Chinese battery manufacturer Farasis Energy announced a significant order to supply batteries for two electric vehicle models bound for Europe by GAC Aion — the Aion V and Aion UT. Farasis plans to provide its Super Pouch Solution (SPS) lithium iron phosphate (LFP) battery system solution, with a total order capacity exceeding 10 GWh, which can power 100,000 EVs equipped with 100-kWh battery packs. Farasis' SPS system offers features such as long driving range, fast charging, high safe...
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    Nio Power signs new deal to advance the construction of battery-swap infrastructure in mainland China
    Nio Power, an energy subsidiary of electric-car maker Nio, has signed a strategic cooperation agreement with Wuhan-based Optics Valley Traffic Co. to advance the construction and operation of facilities such as battery-swap stations. The agreement was inked in Wuhan, Hubei, where Nio Power is also headquartered. The company focuses on collaboration in areas key to electric vehicle infrastructure, energy innovation and brand ecosystems. Optics Valley is a state-owned enterprise established ...
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    China sees record growth in EV charging infrastructure deployment
    China has established itself as a dominant force in the global electric mobility sector, creating a charging infrastructure network that surpasses those of other countries, according to industry experts. This infrastructure development is seen as a competitive advantage, helping to accelerate the adoption of new-energy vehicles (NEVs) in the world's largest auto market. By the end of October, China's inventory of electric vehicle charging stations reached 18.65 million, marking a 54% increase...
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    Lithium producers in mainland China raise prices as growing demand tightens supply
    Chinese lithium producers are responding to a surge in demand by increasing prices, as reported by Shanghai Securities News. The report highlights that several major lithium iron phosphate (LFP) manufacturers have proposed price hikes, with one company planning to raise processing fees across its entire LFP product line by 3,000 yuan (about $420) per metric ton, effective Jan. 1, 2026. The price adjustment plan indicates that these pricing changes may be renegotiated in the event of significa...
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    Yokohama Rubber opens new car tire manufacturing plant in mainland China
    On Nov. 22, Yokohama Rubber held an inauguration ceremony for its new passenger car tire plant in Hangzhou, mainland China. This plant was the first developed under Yokohama Rubber's 1-year plant challenge, which aims to complete the construction of a plant within a year and achieve low-cost, highly efficient production.  Construction of the new plant started in December 2024 and was completed by November 2025, ahead of schedule. The plant aims to quickly achieve mass prod...
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    BYD recalls nearly 89,000 plug-in hybrids over battery safety concerns in mainland China
    BYD is set to recall 88,981 plug-in hybrid vehicles due to a potential battery-related safety hazard, according to a notice issued by mainland China's market regulator. The recall affects Qin PLUS DM-i models produced from January 2021 to September 2023, which may experience limited power output due to consistency issues with the power battery packs during manufacturing. In severe cases, these vehicles may fail to operate in pure electric mode. This action comes after a defect investigation i...
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    China plans to curb excessive competition in battery industry
    Mainland China plans to curb excessive competition in the battery industry, similar to previous actions taken in the electric vehicle (EV) sector. According to Li Lecheng, minister of the Ministry of Industry and Information Technology (MIIT), new measures will be accelerated to address irrational competition in the power battery and energy storage battery industries. At a symposium for battery industry entrepreneurs, Li emphasized the importance of enhancing capacity monitoring, early war...
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    Seres Automobile partners with Tsinghua University to open EV battery R&D center
    On Nov. 28, Tsinghua University and Seres Automobile Co. Ltd. officially inaugurated the Tsinghua-Seres Battery Innovation Technology Joint Research Centre, aimed at advancing next-generation electric vehicle batteries. The newly established research and development center will focus on integrating academic research with technological development and potential product applications. The inauguration ceremony was attended by senior leaders from both institutions. Tsinghua Vice President Peng...
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    Xing Mobility partners with Ideenion to advance EV solutions in Europe
    Xing Mobility and Ideenion have announced a strategic partnership to expedite the development of immersive and integrated electric vehicle solutions in Europe. The collaboration brings a breakthrough immersion-cooled, cell-to-pack architecture to European original equipment manufacturers, aiming to shorten the time to market from concept to scalable production. The memorandum of understanding (MOU) was signed at Xing Mobility's Taiwan headquarters by Royce YC Hong, founder and CEO of Xin...
    News
    Gore opens battery lab in Shanghai to advance EV and energy storage solutions
    W. L. Gore & Associates has inaugurated a Battery Lab in Shanghai, aiming to enhance its global research and development capabilities for advanced battery materials. The lab will focus on developing critical materials for battery cells and packs, addressing aspects such as membranes, venting solutions, moisture management, explosion mitigation and pressure equalization. The facility offers customized, integrated solutions for original equipment manufacturers in electric vehicles, energy s...
    News
    Changan subsidiary Avatr Technology files for an IPO in Hong Kong
    Avatr Technology, a premium electric vehicle subsidiary of leading Chinese automaker Changan Automobile, has filed for an IPO in Hong Kong. The company, jointly established by Changan, Huawei and CATL, has CITIC Securities and CICC as joint sponsors for the IPO. Although the fundraising amount or the trading date have not been disclosed, reports indicate a possible listing completion in the second quarter of 2026. Avatr reported a revenue of 12.2 billion yuan (about $1.7 billion), marking ...
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    BASF opens new dispersant production line in Nanjing, mainland China, to boost supply reliability
    BASF has inaugurated a high-performance dispersant production line at its Jiangbei New Material Technology Park in Nanjing, mainland China. The new facility will allow local production of dispersants using controlled free-radical polymerization (CFRP) technology, enhancing BASF’s global capacity and supply reliability, alongside its production capabilities in Heerenveen, the Netherlands. Stephan Kothrade, a member of BASF's board of executive directors and chief technology officer...
    News
    Solus Advanced Materials wins order for battery foil supply from leading mainland Chinese company
    Solus Advanced Materials announced Nov. 26 that it has signed a supply contract with a top-10 global mainland Chinese battery company. This contract involves approximately 20,000 metric tons of battery foil, specifically copper foil for batteries, aimed at fulfilling the needs of a battery plant being established in Europe. The customer company plans to begin production by the end of 2026 and enter mass production in 2027. Solus Advanced Materials anticipates supplying the battery foil over a...
    News
    LG Chem, Sinopec collaborate to jointly develop sodium-ion battery materials
    China Petroleum & Chemical Corp., also known as Sinopec, and South Korea's LG Chem have entered into a joint development agreement focused on key materials for sodium-ion batteries. This collaboration aims to advance the development of cathode and anode materials, specifically for applications in energy storage systems and low-speed electric vehicles, both domestically in mainland China and in global markets. The partnership seeks to hasten the commercialization of sodium-ion batt...
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    CATL launches its first battery-swap station in Hong Kong
    CATL jointly unveiled a right-hand-drive electric vehicle model supporting battery swap with partners in Hong Kong, as the company's first battery-swap station in the city prepares to commence operations. The launch of the new battery-swap station coincides with CATL's preparation to commence battery-swap operations in the city. The unveiling of CATL's first battery-swap station took place at Dragon Rise New Energy's battery-swap ecosystem showroom, where a battery-swappable FAW Hon...
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    GAC Group launches mainland China's first high-capacity solid-state battery production line
    GAC Group has achieved a significant milestone in the production of all-solid-state batteries by completing its first high-capacity production line in mainland China. This facility is capable of producing all-solid-state batteries over 60 ampere-hours (Ah), a level deemed sufficient for use in vehicles, as current batteries range from 20 Ah to 40 Ah. This development marks an accelerated push by mainland China to commercialize this advanced technology for the new-energy vehicle (NEV) sector. ...
    News
    SAIC Motor plans to begin mass production of solid-state batteries in 2027
    Chinese automaker SAIC Motor has announced that its battery technology partner Qingtao Power has achieved full-line commissioning of its all-solid-state battery production line in Anting, mainland China. The company expects to produce sample cells by the end of 2025, followed by prototype vehicle testing in 2026, with the aim of mass commercial delivery by 2027. SAIC had previously set technical targets for the new solid-state chemistry, including a gravimetric energy density of above...
    News
    LEAD unveils advanced machine for solid-state battery cell production
    LEAD has introduced a new solid-state battery cell stacking machine designed to address challenges in next-generation battery manufacturing. Solid-state batteries, known for their safety and energy density, face hurdles in mass production, particularly in stacking due to their solid-solid interface characteristics. The core component of solid-state batteries is the replacement of conventional lithium-ion cells' liquid electrolyte and separator with solid electrolytes such as oxides, sulfides ...
    News
    CATL plans to restart Yichun lithium mine amid fluctuating prices by early December
    CATL has drawn up a preliminary plan to restart its Jianxiawo lithium mine located in Yichun by early December, as reported by Bloomberg. The production at this mine was initially suspended on Aug. 10 due to the expiration of a key mining permit, leading to a brief surge in lithium prices. The company is preparing to resume operations amid recent volatility in lithium carbonate prices in mainland China. The battery manufacturer has asked its suppliers and partners to prepare necessary equipme...
    News
    SK On and EVE Power swap stakes in battery joint ventures
    SK On, the battery subsidiary of SK Innovation Co., announced a plan to swap stakes in its joint ventures with EVE Power Hongkong Co. as part of its portfolio rebalancing strategy. The two companies had previously established two joint ventures, Huizhou EVE United Energy Co. (EUE) in 2018 and SK On Jiangsu Co. (SKOJ) in 2019, in an effort to expand their presence in the mainland Chinese battery market. SK On holds a 49% stake in EUE and 70% in SKOJ, with the remaining shares owned by EVE Po...
    News
    Gotion begins delivering unified battery cells to Volkswagen
    Mainland Chinese battery manufacturer Gotion High-tech has started mass production of unified battery cells for German carmaker Volkswagen, with deliveries scheduled to begin in November. This development is a key milestone in the strategic partnership between Volkswagen, its battery unit PowerCo, and Gotion High-Tech. The collaboration will see Gotion supplying Volkswagen with high-performance lithium iron phosphate (LFP) and other unified cells from 2026 to 2032. A delivery ceremony t...
    News
    Nio halts production of its 150-kWh semisolid-state batteries
    Chinese electric-vehicle maker Nio has ceased the production of its 150-kWh semisolid-state battery just a year after it began mass production in April 2024. Nio's move came amid the high price of the product and the subsequent lack of demand. Nio had first announced that it was developing its own semisolid-state battery in 2021.  Unveiled for the first time at Nio's annual event in January 2021, the ultralong-range battery pack has proven more valuable as a marketing tool than as a p...
    News
    CATL, Nio leasing JV raises $94 million to fund R&D
    Weineng Battery Asset, a joint venture between Nio and Contemporary Amperex Technology (CATL), has successfully raised 670 million yuan (about $94 million) to support research and development initiatives and facilitate business expansion. The latest fundraising effort was led by Nio and CATL and received backing from two new state-owned investors, one based in Haining, Zhejiang province, and the other in Chengmai, Hainan province. The Wuhan-based company was established in 2020 with the go...
    News
    CATL begins mass production of its fifth-generation lithium iron phosphate batteries
    Chinese battery-maker CATL has commenced mass production of its fifth-generation lithium iron phosphate (LFP) batteries, advancing breakthroughs in energy density and cycle life. Robin Zeng, founder, chairman and CEO, highlighted that the current fourth-generation LFP batteries outperform the mainstream second- and third-generation products in energy density, lifespan and power output. Zeng shared these insights at the 2025 World Power Battery Conference in Yibin, Sichuan. CATL also mainta...
    News
    Svolt Energy to begin deliveries of its first-generation semisolid-state batteries in 2026
    Chinese battery manufacturer Svolt Energy plans to begin volume deliveries of its first-generation semisolid-state batteries in 2026. The mass production of these batteries is scheduled for 2026, as announced by Yang Hongxin, chairman and CEO of Svolt, at the 2025 World Power Battery Conference on Nov. 12. The company has completed the development of first-generation semisolid-state square cells, which have an energy density of 270 Wh/kg. These battery cells are set to enter C-sample batch...
    News
    Dongfeng plans to begin mass production of solid-state batteries by September 2026
    Chinese automaker Dongfeng Motor plans to commence mass production of solid-state batteries with an energy density of 350 Wh/kg in September 2026. These batteries will enable electric vehicles to achieve a driving range of 1,000 km on a single charge. The company has already set up a pilot production line with a capacity of 0.2 GWh for these batteries. At the 2025 World Power Battery Conference in Yibin, Sichuan, Dongfeng showcased its next-generation high-energy-density solid-state batter...
    News
    BorgWarner secures additional projects to supply dual inverters to Great Wall Motor
    BorgWarner is deepening its collaboration with Chinese automaker Great Wall Motor (GWM) in the field of electrified propulsion, expanding on two dual-inverter programs to include two additional projects. The company plans to begin mass production of its new dual inverters for GWM in 2026. Stefan Demmerle, vice president of BorgWarner Inc. and president and general manager of PowerDrive Systems, highlighted BorgWarner's technical expertise in electrification and dual-inverter products as ...
    News
    BorgWarner expands collaboration with Chery on advanced all-wheel-drive solutions
    BorgWarner has secured several contracts with Chery to supply advanced all-wheel drive (AWD) technologies, including its torque-on-demand transfer case with mechanical lock (Mlock TOD) and the Gen VI Cross Wheel Drive (XWD) system. The mass production of these technologies is scheduled to commence in 2027, which will further deepen the partnership between BorgWarner and Chery. Isabelle McKenzie, vice president of BorgWarner Inc. and president and general manager of Drivetrain and Mors...
    News
    CATL advances efforts to restart major lithium mine in China after months of inactivity
    Contemporary Amperex Technology Co. Ltd. (CATL) has made progress toward restarting a major lithium mine in mainland China that has been inactive since August. The company has been informed of the cost for the rights to the mine, indicating progress in negotiations with the authorities. This could lead to an increased lithium supply, which is vital for electric vehicles and grid storage globally. Receiving notification about the payment provides CATL with a clearer path for resuming productio...
    News
    Schaeffler sells Chinese turbocharger business to Xiling amid strategic realignment
    Schaeffler has decided to sell its turbocharger business in mainland China, which is experiencing a downturn, to Chengdu Xiling Power Science & Technology Incorporated Co. This business, which is consolidated under Vitesco Automotive Shanghai Co. Ltd., reported revenue of about €100 million in 2024 and employs about 50 people. Schaeffler and Xiling signed the purchase agreement for the acquisition on Nov. 5. The transaction is expected to close in the first ha...
    News
    Borgwarner to supply 7-in-1 integrated drive module to leading mainland Chinese OEM
    BorgWarner has secured a contract to supply its 7-in-1 Integrated Drive Module (iDM) to a leading mainland Chinese original equipment manufacturer. This innovative module is specifically designed for the customer's hybrid sport utility vehicle (SUV) and integrates multiple functions within a single compact unit to enhance system performance and efficiency. Mass production of the iDM is planned for 2026. The module combines two electric motors, a dual inverter integrated with an onboard charge...
    News
    Strategic shift: Impact of exclusion from mainland China’s 15th Five-Year Plan on the EV industry
    Mainland China’s electric vehicle industry has experienced remarkable growth over the past decade, backed by aggressive government policies supporting new-energy vehicles (NEVs), including battery-electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and fuel cell vehicles (FCVs). However, in the past two years, mainland China’s policy approach has evolved due to emerging challenges, such as oversupply, fierce domestic competition and a maturing market. Mainland China has dro...
    Insights
    Mainland China temporarily suspends lithium-ion export controls
    The mainland Chinese government has announced a one-year suspension of recent export controls on lithium-ion batteries and related materials, as part of a trade agreement with the US. The suspension was agreed upon by mainland Chinese President Xi Jinping and US President Donald Trump, with mainland China pausing the controls that were announced since October. Concurrently, the US has agreed to reduce tariffs on mainland Chinese imports. The controls included a requirement for exporters of hi...
    News
    Mainland China excludes EVs from strategic industries list in 2026–2030 development plan
    Mainland China has decided to exclude electric vehicles from its strategic industries list in its latest five-year development plan for 2026–2030, marking the first time in over a decade that EVs have not been prioritized. Previously classified as new-energy vehicles (NEVs), including EVs, plug-in hybrids, and fuel-cell vehicles, these were considered strategic emerging industries in the last three five-year plans, benefiting from significant governmental subsidies to boost industrial compe...
    Briefing
    BYD starts blade battery production at Xianju facility in mainland China
    FinDreams Battery (Taizhou) Co. Ltd., part of BYD, began production of electric vehicle batteries at its plant in Xianju County, mainland China. The site is a strategic base for BYD's EV power batteries, with an investment of 8.8 billion Chinese yuan (approximately $1.2 billion) aimed at achieving a production capacity of 22 GWh annually once fully operational. The facility has launched all eight of its production lines in 2025. The project utilizes BYD's sixth-generation blade battery tec...
    News
    Nio achieves 90 million cumulative battery swaps
    Nio Inc. has achieved a significant milestone by surpassing 90 million cumulative battery swap services, reaching this mark on Oct. 26. The Shanghai-based electric carmaker announced the milestone on Sunday from its Weibo handle. Nio achieved this milestone just 100 days after its 80 millionth service. The company also reported that its daily battery swap services now exceed 100,000, with the 100 millionth cumulative service anticipated soon. The company highlighted that cumulative...
    News
    Mainland China plans to regulate the naming of semi-solid-state batteries
    Chinese authorities are working to standardize the naming of semi-solid-state batteries to avoid public confusion as these concepts gain significant attention. According to a report by local media outlet Yicai, a new regulatory document will uniformly rename semi-solid-state batteries as solid-liquid batteries, based on information from an executive at a major power battery manufacturer. This initiative aims to effectively distinguish between semi-solid-state and solid-state batteries. The...
    News
    Sunwoda unveils polymer-based solid-state battery cell with 400-Wh/kg energy density
    Chinese battery-maker Sunwoda has unveiled a new generation of solid-state battery cells, marking a new advancement in this emerging battery technology space. The company showcased its Xin·Bixiao polymer all-solid-state battery, which boasts an energy density of 400 watt-hours per kilogram (Wh/kg) and a cycle life of 1,200 cycles, on the sidelines of the 2025 New Energy Battery Industry Development Conference in mainland China. The event was organized in Zaozhuang city, Shandong provi...
    News
    CATL plans to expand its battery-swap network to over 2,500 swap stations across Greater China by end 2026
    CATL plans to increase its battery-swap station count by 1.5 times next year, as it approaches its current annual target. The company intends to operate more than 2,500 battery-swap stations in over 120 Chinese cities by 2026, according to its subsidiary Contemporary Amperex Energy Service Technology (CAES). CAES has achieved 700 battery-swap stations across 39 Chinese cities and aims for 1,000 stations by the end of 2025. CATL had entered the battery-swap segment in January 2022 wi...
    News
    Chery unveils in-house developed 600 Wh/kg solid-state battery module
    At the 2025 Chery Global Innovation Conference in Wuhu, mainland China, Chery Automobile revealed its first in-house developed, all-solid-state battery module with a cell energy density of 600 watt-hours per kilogram (Wh/kg). The module is among the highest announced by a mainland Chinese automaker so far. Developed by the Chery Solid-State Battery Research Institute, the battery module features an in situ polymerized solid electrolyte system with a lithium-rich manganese cathode materia...
    News
    Chinese EV charging equipment supplier Sungrow unveils Megawatt Charging System in Europe
    Chinese electric vehicle charging equipment supplier Sungrow has introduced the ChargeStack 1000 at the Sungrow Charging Summit 2025. The ChargeStack 1000 is a 1 MW to 3.5 MW Megawatt Charging System (MCS) designed to enhance scalability, profitability and grid integration in Europe's electrified transport sector. Sungrow's ChargeStack 1000's 1+X design allows for scalable growth through a flexible power cabinet, supporting MCS and Combined Charging System 2 (CCS2) standards, enabling diverse...
    News
    Huawei-backed EV maker Luxeed switches to CATL batteries due to capacity constraints at CALB
    Luxeed, the automotive brand jointly developed by Huawei and Chery, plans to switch to higher-cost CATL battery cells for certain models from CALB batteries as the latter is facing capacity constraints, according to a news report published by CnEVPost on Oct. 17. The report credited local media outlet Lanjinger as the original source of this story. The move underlines potential supply constraints in mainland China's battery market, given the recent surge in new vehicle launches. It said...
    News
    China unveils three-year action plan to improve EV charging infrastructure
    China has launched a three-year action plan to enhance its electric vehicle charging infrastructure, aiming to bolster consumer confidence and accelerate the nationwide adoption of EVs. This plan, formulated by the National Development and Reform Commission (NDRC) alongside other government bodies, seeks to broaden the coverage of the EV charging network, improve efficiency and service quality, and encourage industry innovation. By 2027, China intends to establish a comprehensive network o...
    News
    Mainland China tightens technical requirements for EV purchase tax relief
    Mainland China has raised the technical eligibility requirements for purchase tax relief on battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles over the next two years, aiming to shift the auto industry toward more efficient and higher-performance models. BEVs must adhere to the energy consumption limits specified in the national standard GB 36980.1-2025, which was published on May 30, 2025, and will come into effect on Jan. 1, 2026, according to a notice from the Ministry...
    News
    Arcfox’s first extended-range electric vehicle with CATL battery slated for launch in October
    Arcfox has announced that its first extended-range electric vehicle (EREV), the Alpha T5 Extended Range Edition, will be launched in late October. This midsize sport utility vehicle is equipped with CATL Freevoy batteries and the BAIC Shenqing extended-range power system. The upcoming EREV will also be powered by a 1.5-liter (L) engine used as a range extender, offering 40% thermal efficiency and achieving a fuel consumption rate of 5.18L/100km in extended range mode. The vehicle has a p...
    News
    Zeekr launches updated 001 with ultrafast charging, improved powertrain
    Mainland Chinese electric-vehicle maker Zeekr has officially launched the updated Zeekr 001 shooting brake, showcasing significant specification upgrades while maintaining its exterior design. The updated model features an official starting price of 269,800 yuan (about $37,826), up from the predecessor's 259,000 yuan. With a limited-time trade-in subsidy of 10,000 yuan, the effective starting price becomes 259,800 yuan. The 2026 Zeekr 001 is developed on a 900-V high-voltage architecture, ...
    News
    Chinese consortium acquires struggling lithium battery anode materials supplier Shanshan
    Shanshan Co. Ltd., a mainland China-based supplier of lithium battery anode materials, has agreed to be acquired by a consortium led by shipping magnate Ren Yuanlin and the founder of Jiangsu Xinyangzi Trading, Yicai Global reported Oct. 9. This acquisition follows a court order for its debt-laden parent company, Shanshan Group, to undergo asset restructuring. The consortium will pay 3.2 billion yuan (nearly $450 million) to gain a 23.3% equity stake in Shanshan, with Ren becoming the new contro...
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