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China's Terrific Ten Are Beating Mag 7. Will the Current Momentum Carry On?
Eight departments: accelerate the iteration and upgrading of mature technologies such as Lithium Battery and support disruptive technological innovation.
① The plan requires accelerating the iteration and upgrade of mature technologies such as Lithium Battery, promoting engineering and application technology breakthroughs for Supercapacitors, Sodium Battery, and developing long-duration energy storage technologies such as compressed air. ② Moderate and ahead-of-time layout of hydrogen storage and other ultra-long-duration energy storage technologies, supporting basic research for next-generation battery and Asia Vets technologies.
In January, the sales of RBOB Gasoline Passenger Vehicles fell by more than 20% month-on-month: Japanese brands overall under pressure, with Honda and Dongfeng Honda both "cut in half."
① According to data released by the China Association of Automobile Manufacturers, the domestic sales of Passenger Vehicles in January were 1.738 million units, a month-on-month decrease of 35.5% and a year-on-year decrease of 0.5%; ② In January this year, GAC Honda's sales were 15,123 units, a year-on-year decline of 57.14%; Dongfeng Honda's monthly sales were 19,971 units, a year-on-year decline of 69.31%.
Does China's AI-Fuelled Tech Rally Have Legs?
BYD will start the application of Solid State Battery in vehicles in 2027, entering a period of intensive catalysis in the Solid State Battery Industry.
① BYD plans to launch mass demonstration vehicle applications for Solid State Battery around 2027, achieving large-scale adoption after 2030. ② According to the Statistics in the "Solid State Lithium Battery Technology Development White Paper," the planned domestic production capacity for Solid State Battery has reached hundreds of GWh, which will significantly boost investment in Solid State Battery equipment.
After leading Qinghai Salt Lake Industry for 5 years, Ren Hongwei resigns as Chairman, with the controlling shareholder recommending a new Director candidate | Quick Announcement
① Qinghai Salt Lake Industry announced that Ren Hongwei has applied to resign from the position of director of the Ninth Board of Directors, also resigning as Chairman, while Wang Xiangwen has resigned from the position of President but remains a director; ② On the same day, Qinghai Salt Lake Industry announced the recommendation of Mr. Hou Zhaofei as a candidate for the company's Ninth Board of Directors; Hou Zhaofei is currently the Chairman of Minmetals Salt Lake, Secretary of the Party Committee, and a member of the Party Committee and Deputy General Manager of China Salt Lake Group.
