CEEC Songyuan Hydrogen Park Exceeds 10,000 Tonnes Green Ammonia, Enters Large-Scale Commercial Phase

[SMM Survey] Hydrogen Energy Weekly Electrolyzer Industry Review (20260129-0206)

China Huadian launched a 12 GWh energy storage tender for 2026, explicitly requiring ≥314Ah cells. The contract uniquely links pricing to SMM’s lithium carbonate index to manage market volatility. With bids opening February 11, 2026, this tender cements 314Ah technology and SMM benchmarks as the new standard for utility-scale projects.

China Huadian Launches 12 GWh Energy Storage Tender, Linked to SMM Lithium Prices

Last Week (2.2-2.6) Overseas Lithium News [SMM New Energy Overseas Weekly News]

This week, the cobalt sulphate market remained largely sluggish overall. However, supported by positive news from the upstream mining sector, market purchasing sentiment showed some recovery compared to the previous period. Supply side, as the Chinese New Year holiday approaches, most smelters have successively arranged for production halts and maintenance. Combined with mining news strengthening bullish expectations for the future market, some enterprises have chosen to suspend quotations, while those maintaining quotations have raised their target prices to 96,000-98,000 yuan/mt. Demand side, due to concerns about a rapid price increase for cobalt sulphate after the holiday, downstream enterprises' purchase willingness has strengthened. It is reported that some companies' purchase intention prices for high-nickel cobalt sulphate have rebounded to 92,000 yuan/mt, while the purchase intention prices for low-nickel cobalt sulphate are in the range of 95,000-96,000 yuan/mt. Overall, as logistics gradually halt before the Chinese New Year, actual market transactions are expected to be quite limited next week, and cobalt sulphate prices are likely to remain largely stable. After the holiday, as downstream enterprises gradually resume procurement, prices may regain an upward trend.

[SMM Weekly Review] The cobalt sulphate market remained generally sluggish this week, but market sentiment for procurement recovered compared to the previous period, supported by positive news from the upstream mining sector.

According to the latest data from the Passenger Car Association, in December 2025, producers with new energy wholesale sales exceeding 10,000 units accounted for 93% of the total wholesale sales of passenger NEVs that month. Based on preliminary January data, these producers achieved sales of 830,000 units in January. As most producers have already locked in their major sales figures, by applying the structural proportion from the previous month to the current month's data, the estimated wholesale sales of passenger NEVs nationwide in January were 900,000 units. According to comprehensive preliminary monthly association data: the estimated wholesale sales of NEVs by national passenger car producers in January 2026 were 900,000 units, up 1% YoY.

In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.

据中国汽车工业协会整理的海关总署数据显示，2025年12月，汽车整车进口3.0万辆，环比下降30.4%，同比下降56.1%；进口金额14.7亿美元，环比下降23.6%，同比下降52.5%。2025年，汽车整车进口47.6万辆，同比下降32.4%；进口金额236.4亿美元，同比下降39.7%。

CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.

According to CCTV News, on February 5, Canadian Prime Minister Mark Carney announced a new electric vehicle strategy, including the reinstatement of car purchase subsidies, and stated that Canada will cooperate with China to promote the local production and export of EVs in Canada.  
According to a statement released by the Prime Minister's Office of Canada, the country will make full use of existing and newly established trade agreements, including a recently reached EV cooperation agreement with China, to facilitate large-scale investment in this sector, diversify Canada’s automotive export markets, and position Canada as one of the global leaders in the electric vehicle industry.

Canada Announces New EV Strategy, to Collaborate with China

In early 2026, the intelligent EV IM5 (the overseas version of the Zhiji L6) and IM6 (the overseas version of the Zhiji LS6) from Zhiji Auto successively entered the UAE and Tunisia, marking a further deepening of the brand's strategic presence in the Middle East and North Africa markets. According to the plan, Zhiji Auto is expected to use the UAE as a hub to accelerate its expansion into surrounding regions and achieve comprehensive coverage across the entire Middle East market within the year.

IM Motors: Plans to Achieve Full Coverage in the Middle East Market Within the Year

Xiaomi Auto announced that the latest OTA update has been gradually rolled out, lowering the safety mileage threshold for assisted driving. Xiaomi Auto explained that the safety mileage requirement for assisted driving has been reduced from 1,000 km to 300 km. This threshold is set to allow users to gradually familiarize themselves with assisted driving functions and develop sufficient safety awareness. Xiaomi Auto reminds users that assisted driving is not autonomous driving; please always pay attention to road conditions and maintain timely control of the vehicle.

Xiaomi Auto Lowers Assisted Driving Safety Mileage Threshold to 300 Kilometers

Dongfeng Motor announced that in January 2026, it sold 185,000 vehicles, up 29.5% YoY. Among them, NEV sales reached 83,000 units, up 112% YoY, while sales of self-owned brands totaled 123,000 units, up 75% YoY.

Dongfeng Motor sold 185,000 units in January, up 29.5% YoY.

Recently, Guansheng disclosed that its solid-liquid hybrid battery electrolyte membrane employs a self-developed polymer solid-state electrolyte membrane. Furthermore, the company's technical focus in the solid-state battery field is primarily on polymer-based solid-liquid hybrid batteries, with a key emphasis on industrial and commercial energy storage applications. This approach offers advantages such as lower costs, high safety, and relatively mature manufacturing processes, making it suitable for mass production. Simultaneously, Guansheng also possesses technical reserves for quasi-solid-state ternary lithium batteries, with its core process involving the use of ultraviolet light cross-linking polymerization technology to achieve in-situ curing of the electrolyte membrane.

Guansheng Has Technical Reserves For Quasi-Solid-State Ternary Lithium Batteries

On February 6, Farasis Energy disclosed its annual performance forecast for 2025, estimating a net profit attributable to the owners of the parent company in the range of -830 million yuan to -580 million yuan. The estimated net profit attributable to the owners of the parent company after deducting non-recurring gains and losses is expected to be between -861.8 million yuan and -611.8 million yuan. The company has intensified its market expansion efforts during the year, cultivating new customers and optimizing its client structure. Additionally, adjustments in customer settlement models and the replacement of certain products have temporarily impacted gross margins.

Farasis Energy Anticipates Net Loss of -8.3 to -5.8 Billion Yuan for 2025

The Secretary General of the Passenger Car Association stated that global auto sales reached 8.86 million units in December 2025, up 2% YoY. Sales from January to December 2025 totaled 96.47 million units, up 5% YoY. Global auto sales grew 5% in 2025, with China (34.35 million units, up 9%), the US (16.72 million units, up 1%), India (5.58 million units, up 7%), Japan (4.56 million units, up 3%), and Germany (3.16 million units, up 1%). China's share of the global auto market continued to rise, rebounding to a high of 40% in November and remaining at a favorable level of 37% in December. China's auto market share reached 34.2% in 2024 and 35.6% in 2025, an increase of 1.4 percentage points compared to the previous year.

CPCA: China Accounts for 35.6% of Global Auto Market Share in 2025

The project plans to construct a 1.5GWh prismatic LFP battery-based standalone ESS power station, including 300 sets of 5MWh ESS battery containers and 75 sets of 5MW booster integrated cabins.

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