Ministry of Industry and Information Technology: Further strengthen the management of the recycling industry for waste power batteries of New Energy Autos.

On December 24, the Ministry of Industry and Information Technology released the "Specifications for the Recycling Industry of Waste Power Batteries of New Energy Autos (2024 Edition)". It mentions actively carrying out the research and application of recycling technologies, equipment, and processes for anode materials, separator, electrolytes, etc., striving to improve the recycling level of waste power batteries, and ensuring that mainly valuable metals are effectively extracted and recovered through smelting or material restoration. Among them, the recycling rate of the powdered material after crushing and separation should be no less than 98%, with aluminum impurity content below 1.5% and copper impurity content below 1.5%; the lithium recovery rate during the smelting process should be no less than 90%, and the recovery rates of nickel, cobalt, and manganese should be no less than 98%. The comprehensive energy consumption per unit production of lithium carbonate should be less than 2200 kilograms standard coal/ton; for those using material restoration processes, the total quality of recycled materials should account for no less than 99% of the original target materials contained in the power battery. The wastewater recycling rate should reach over 90%.

Li Li, Vice President of the China Industrial Energy Conservation and Clean Production Association: With the strong support of various national departments, the recycling and utilization industry of energy batteries has made significant achievements in recent years.

In November, China exported 0.55 million Autos, a year-on-year increase of 5%.

On December 24, Cui Dongshu, Secretary General of the Passenger Car Association, published a statement showing that in November, China achieved exports of 0.55 million Autos, a year-on-year growth rate of 5% and a month-on-month decline of 6%, with pressure on both year-on-year and month-on-month trends; from January to November, China achieved exports of 5.84 million Autos, with an export growth rate of 23%. Among them, the export volume of New Energy Autos in November was 0.14 million, a year-on-year decrease of 14%, and a month-on-month decrease of 32%; the cumulative export volume of New Energy Autos from January to November was 1.86 million, a year-on-year increase of 13%.

Cui Dongshu: In 2024, the main directions for exports will be to countries in Europe such as Belgium and the United Kingdom, as well as Southeast Asia such as Brazil and Thailand.

BAIC BluePark New Energy Technology: The subsidiary's capital increase and share expansion has been completed, attracting 11 strategic investors with a total investment of 8.15 billion yuan.

On December 24, BAIC BluePark New Energy Technology announced the progress of its subsidiary's capital increase and share expansion, with the subsidiary BAIC New Energy introducing 11 strategic investors, including Beijing State-owned Capital Operation Management Co., Ltd., Beijing Infrastructure Investment Co., Ltd., Ningbo Meishan Bonded Port Area Wendong Investment Co., Ltd., and Beijing Xiaoma Yixing Technology Co., Ltd., and signing the Capital Increase Agreement, raising a total of 8.15 billion yuan. After this round of capital increase is completed, BAIC BluePark will still be the controlling shareholder of BAIC New Energy. The announcement indicated that the subscription proceeds will be used for BAIC New Energy to repay debts formed by bank loans and expenses related to normal operations, management, and investment within its business scope, which will help improve the company's competitiveness, optimize the capital structure, and align with the interests of all shareholders.

According to the Financial Association Automotive, many car manufacturers are actively enhancing their strength through expanding capital increase channels.

Contemporary Amperex Technology released the integrated intelligent chassis, Rock.

On December 23, Contemporary Amperex Technology launched the Rock chassis, which can absorb 85% of the collision energy of the entire vehicle through CIIC integrated intelligent chassis and CTC technology innovation, achieving ultra-high safety with no fire or explosion at a 120 km/h front collision under electrified conditions. On the same day, Avita Technology's president Chen Zhuo announced that Avita will become the world's first new energy brand to adopt the Rock chassis from Contemporary Amperex Technology.

According to the Financial Association Automotive, Contemporary Amperex Technology's next development of the chassis is a response to the strong market demand for 'standardized chassis'.

In 2027, a wholly-owned factory will be established in Shanghai? Lexus China: "Unofficial news, no comment."

On December 24, in response to the news of 'establishing a wholly-owned factory in Shanghai by 2027', Lexus China stated, 'It is unofficial news and will not comment.' The day before, foreign media reported that Toyota Motor had finalized the localization of Lexus and would establish a wholly-owned factory in Shanghai in 2027.

According to the Financial Association Automotive, with the increasing maturity and intensifying competition in the global automotive market, electric vehicles have become the focus of competition among major Auto Manufacturers.

The fourth generation CS75PLUS Ultra version of Chongqing Changan Automobile is launched, with a starting price of 0.1319 million yuan.

On December 24, the pricing and purchase rights for the fourth generation CS75PLUS Ultra were officially released. As a best-selling classic model from Chongqing Changan Automobile over the past decade, this Ultra version is equipped with the new Blue Whale 2.0T high-pressure direct injection engine and comes standard with an Aisin 8AT Transmission, with two models launched. The official guide price for the 2.0T+8AT new Blue Whale power version is 0.1319 million yuan, and the official guide price for the 2.0T+8AT new Blue Whale intelligent version is 0.1399 million yuan.

According to the Financial Association, the status of the CS75PLUS from Chongqing Changan Automobile as a top performer among RBOB Gasoline vehicles is unshakable.

(Caixin reporter Liu Yang整理/点评)