MIIT issued an announcement abolishing the cascade utilization policy for retired NEV power batteries, discontinuing the cascade utilization enterprise approval system, removing 100 previously approved cascade utilization enterprises from the compliance list, while the regenerative recycling enterprise list remains valid.
1502 days ago
On July 30, 2026, China's MIIT issued Announcement No. 20 of 2026, formally abolishing power battery cascade utilization policies. 100 companies were removed from the compliance list, marking the end of the dual-track recycling model.
4455 days ago
Chinese power battery manufacturer Gotion High-Tech expects first-half 2026 net profit attributable to shareholders to reach 1.2 billion to 1.55 billion yuan, up 227% to 323% year-on-year. However, the company acknowledges that the surge is driven primarily by non-recurring investment gains rather than core battery operations. Net profit excluding non-recurring gains is expected at just 85 million to 120 million yuan, up 17% to 65% year-on-year.
36319 days agoGotion High-Tech officially became a core battery supplier for AITO M6, entering the Harmony Intelligent Driving ecosystem. Seres Chairman Zhang Xinghai warned that memory chip and lithium carbonate prices continue soaring, pushing per-vehicle cost increases beyond 15,000 yuan. Supply chain cost pressure and localization are becoming central contradictions in China's NEV industry.
49072 days ago
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