China's auto industry profit margin fell to 3.8% in H1 2026, a ten-year low. Total industry profits dropped 20% YoY, with single-vehicle gross profit at just 13,000 yuan. While upstream mining profits surged 34%, mid- and downstream automakers are trapped in a cost transmission dilemma.
42910 hours ago
China's Ministry of Finance announced a 2% consumption tax on mature lithium battery products effective September 1, 2026. The policy will directly impact power battery costs and ripple through NEV pricing.
4025 days ago
In 2026, the NEV battery supply chain is undergoing a silent revolution. CATL's once-dominant exclusive supply model is being systematically dismantled by Xiaomi, Li Auto, and Harmony Intelligent Mobility. Second-tier battery makers like Sunwoda, CALB, and Gotion are rapidly rising as core options for diversified sourcing. This supply chain restructuring not only reshapes domestic competition but also brings more cost-competitive battery solutions to export models targeting Central Asia, Russia, and other emerging markets.
27511 days ago
On July 16, 2026, China's Ministry of Finance, Customs, and Taxation jointly announced that lithium battery consumption tax will be restored from September 1, 2026, ending the 11-year battery tax exemption. The first-year rate is 2%, rising to 4% from September 2027. Industry estimates suggest pure EV manufacturing costs will increase by RMB 396–1,200 per vehicle. This is seen as a key signal of NEV tax incentives gradually phasing out and aligning with ICE vehicle taxation.
55511 days agoTinci Materials (002709.SZ) released its 2026 interim earnings forecast, projecting H1 net profit of 2.7-3 billion CNY, up more than tenfold year-on-year. The profit surge is driven by significant electrolyte shipment growth and cost optimization from falling raw material prices.
35119 days ago
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