Battery Components & Materials

Amprius Technologies announced in late September 2026 that it entered into a US$75 million fixed-price Other Transaction Agreement with the U.S. Government for Project acCELLerate, alongside a separate U.S. Department of War IBAS grant, to build secure domestic high-energy density battery production for small unmanned aerial systems. The awards position Amprius to retrofit an existing South Korea-linked EV battery line into a U.S.-compliant facility capable of producing 12 million silicon-anode cells annually for NDAA-compliant defense customers. The company had already lifted its August 2026 guidance to at least US$140 million in full-year revenue with a narrower net loss. Amprius' narrative projects US$415.0 million in revenue and US$53.6 million in earnings by 2029, yielding a US$22.12 fair value, while the most cautious analysts assume about US$362 million of revenue and roughly US$40 million of earnings by 2029. The growing dependence on government-backed drone programs also concentrates risk should procurement cycles shift.

Arkema announced a €10 million expansion project for its Global Battery Center of Excellence in Oullins-Pierre-Bénite, in the Auvergne-Rhône-Alpes region of France. The investment will triple the center's footprint and modernize its research infrastructure, including a significant increase in the digitalization of R&D activities. The expansion builds on the Group's global battery R&D network, which spans France, China, South Korea, Japan and the United States, and follows the September 2025 inauguration of a solvent-free battery electrode manufacturing laboratory in Normandy. Arkema said the project will let its researchers replicate customers' manufacturing conditions to accelerate integration of its advanced materials into cell makers' production processes and support batteries with greater energy density, faster charging and enhanced safety. Chief Technology Officer Armand Ajdari called the investment a major milestone in Arkema's ambition to support the rapid evolution of the battery market. The project received support from the French Research Tax Credit and the French State as part of the France 2030 program.

The 15th Five-Year Plan for the Development of the New Battery Industry, jointly formulated by seven departments including the Ministry of Industry and Information Technology, was officially released on September 28, proposing that all-solid-state batteries achieve initial large-scale application by 2030. Boosted by this news, the solid-state battery concept surged again on the morning of September 30, with Transart Technology, Shanghai Xiba, and Xin Ya Zhi Cheng hitting limit up, while lithium battery materials company Lopal Technology was pulled up to a 9.99 percent limit-up. The plan makes arrangements for developing advanced battery materials and high-end manufacturing equipment, proposing to develop isostatic pressing equipment for solid-state batteries, and to develop solid-state electrolytes such as sulfide and halide materials with high air stability, as well as high-performance polymer composite solid-state electrolytes. Lopal Technology recently stated that its solid-state battery precursor product D392 is a high-nickel ternary precursor material tailored for solid-state batteries and launched by its wholly owned subsidiary Sanjin Lithium. Through measures such as element doping and structural adjustment, it has been made more stable, safer, and longer-lasting, and can better solve problems in solid-state batteries such as cracking of cathode materials and high-temperature decomposition of materials.

Chinese battery maker Gotion High-Tech will invest 1.1 billion euros, or 1.25 billion dollars, in Volkswagen's plant in Valencia in eastern Spain. As part of a broad partnership plan to jointly build a European battery supply chain, the investment will give Gotion High-Tech a 49 percent stake in VW battery unit PowerCo's Valencia plant, with PowerCo retaining a majority stake. The plant will become the European production base for lithium iron phosphate batteries. PowerCo, meanwhile, will invest 470 million euros in two of Gotion High-Tech's sites, a battery plant in Suraly in southern Slovakia and a new cathode materials production facility in Kenitra in northwestern Morocco, taking a 49 percent stake in each. Volkswagen is Gotion High-Tech's sole largest shareholder, holding 24 percent.

NextSource Materials Inc. has executed a binding Share Subscription Agreement with Japan's Hanwa Co., Ltd. and the Japan Organization for Metals and Energy Security, or JOGMEC, for a US$30 million strategic investment in its Battery Anode Facility in Abu Dhabi, UAE. Under the agreement, Hanwa and JOGMEC, through a jointly owned investment vehicle, will acquire a 15% equity interest in the UAE BAF project company, with NextSource retaining 85% ownership upon closing. The investment includes the consortium's contribution to capital expenditures for the first phase of the facility, which is designed to produce approximately 14,000 tonnes per annum of anode material with ramp-up expected to begin in H2 2027, followed by planned expansion to approximately 30,000 tonnes per annum. A related Shareholders' Agreement is expected to be executed shortly to govern the funding, development, construction and operation of the project, which is advancing through pre-EPC mobilization following the Final Investment Decision announced on May 12, 2026. NextSource said it is in advanced discussions with additional strategic investors regarding a further 35% interest in the UAE BAF project company and is progressing debt financing talks after multiple expressions of interest from prospective lenders.

Smackover Lithium has amended its binding commercial offtake agreement with Trafigura Trading LLC for the South West Arkansas Project, adding an option to deliver up to an additional 4,000 metric tonnes of battery-quality lithium carbonate per year on top of the initial 8,000 metric tonne per year commitment. Combined, the maximum possible volumes to be delivered to Trafigura on a take-or-pay basis has increased to 12,000 metric tonnes of battery-quality lithium carbonate per year over the 10-year Agreement beginning at the start of commercial production, with pricing and other key commercial terms remaining confidential. Because the additional volume is deliverable solely at Smackover Lithium's election, the partnership retains the ability to allocate that volume to other strategic customers in the future, and an additional offtake agreement is not required to move forward with Project financing. Together with the recently announced binding take-or-pay agreement with LG Energy Solution for 8,000 metric tonnes per year, total possible commitments have now reached 20,000 metric tonnes of battery-quality lithium carbonate per year, exceeding the Project's initial target of securing customer offtake for roughly 80%, or 18,000, of the 22,500 tonnes of annual nameplate lithium carbonate capacity in its initial phase. Smackover Lithium, a partnership between Standard Lithium and Equinor formed in May 2024 in which Standard Lithium holds a 55% interest and Equinor holds 45%, said due diligence is well underway with three major Export Credit Agencies on a senior secured, limited recourse debt financing package of around $1.1 billion, and it continues to target a Final Investment Decision later this year before moving into construction, enabling first commercial production of battery-quality lithium carbonate in 2029.

Jin Yinhe announced on the evening of September 27 that it plans to issue A-shares to no more than 35 specific investors, with the number of shares not exceeding 67.8599 million, representing 30 percent of the 226.1996 million total shares outstanding before this issuance, and total funds raised not exceeding 1.5 billion yuan. After deducting issuance expenses, the proceeds will be allocated as follows: 490 million yuan to the industrialization project for high-end intelligent equipment for sodium-ion batteries, consumer lithium batteries, solid-liquid batteries, and new energy storage batteries; 290 million yuan to the research and construction project for high-end intelligent equipment for dry electrodes and solid-state batteries; 270 million yuan to phase one of the silicon-based materials and polymer materials construction project; 100 million yuan to the research and construction project for high-end intelligent equipment for silicone supercritical physical foaming and vacuum thermal reduction of rubidium and cesium metals; and 350 million yuan to supplement working capital. The company's existing equipment mainly targets front-end equipment for liquid lithium batteries, and this fundraising will comprehensively cover next-generation technology routes such as sodium-ion batteries, solid-state batteries, consumer lithium batteries, and new energy storage. The construction period for all projects is 36 months. The after-tax internal rate of return for the sodium-ion battery equipment project is expected to be 15.49 percent, and for the silicon-based materials project 17.72 percent, with investment payback periods of 9.04 years and 7.32 years respectively. After the issuance is completed, Jin Yinhe's total share capital will increase from 226 million shares to approximately 294 million shares. The shareholding of controlling shareholder Zhang Qifa and his concert parties will be diluted from 19.06 percent to 14.66 percent, while control remains stable. In the first half of 2026, Jin Yinhe's dry electrode production equipment for solid-state batteries achieved batch sales and delivery, and in July 2026 it signed an equipment procurement order with Jinlongyu to supply 11 sets of front-end core equipment, including slurry mixing, coating, and cell baking, for its 2 gigawatt-hour solid-state battery mass production line project in the Dapeng New District of Shenzhen.

Nearly 100 stocks were surveyed by institutions over the past week. Among them, Guoxin Health received surveys from 139 institutions, including 31 securities firms, 47 private funds, and 10 insurance companies, making it the most surveyed stock. During the survey, Guoxin Health said the rapid revenue growth in its health services business in the first half was mainly driven by continued progress in chronic disease management and health management operations, with chronic disease management business in Shandong continuing to advance. Regarding the national healthcare security administration's personal medical insurance cloud initiative, on July 30, 2026, the Big Data Center of the National Healthcare Security Administration publicly confirmed that Guoxin Health will lead the effort, together with the China Academy of Information and Communications Technology, to undertake the preparation of the implementation plan for the personal medical insurance cloud scenario, and phased progress has already been made. Fushine Pharmaceutical expects net profit attributable to the parent company for the first three quarters of 2026 to be between 350 million yuan and 430 million yuan, up 658% to 785% year on year. Third-quarter net profit attributable to the parent company is expected to rise 50% to 119% from the second quarter, mainly because sales volume and prices of new energy lithium battery electrolyte additive products increased together, driving a sharp improvement in performance and a turnaround from loss to profit. Bojay Electronics saw first-half net profit attributable to the parent company grow more than sevenfold year on year, and new orders in the big data and AI computing power segment in the first half of 2026 rose nearly 350% year on year. Huabao Flavours and Fragrances has seen its share price rise sharply recently. In a survey, the company said this was affected by multiple factors, including improved first-half performance, increased research into core flavour raw materials for new tobacco products such as heat-not-burn and oral nicotine pouches and entry into the supply chains of leading global tobacco customers, sector valuations at historical lows, and a certain degree of increase in sugar prices. In terms of market performance, stocks surveyed by institutions over the past week rose by an average of 0.27%, with Huning Elevator, Entive Smart Kitchen, and Changlan Electric Technology among the top gainers.

Hunan Yuneng announced on the evening of September 23 that its board of directors had approved a proposal to increase investment in the Spain project, raising the construction scale from an annual output of 50,000 tonnes of lithium battery cathode materials to 70,000 tonnes, an expansion of 40%. The total investment was correspondingly adjusted from approximately 982 million yuan to approximately 1.65 billion yuan. The announcement said that the Spanish project company has been established so far, and construction is progressing in an orderly manner. The scale increase was made against the backdrop of rapidly growing demand in overseas markets. At the same time, affected by local construction and operating conditions, the unit investment intensity for civil engineering, cross-border equipment procurement, transportation and installation, and initial working capital has increased compared with earlier expectations. Funding sources are own funds and self-raised funds. This additional investment does not need to be submitted to the shareholders' meeting for review, does not constitute a related-party transaction, and does not constitute a major asset restructuring, but it still needs to be filed or approved by relevant regulatory authorities, and there is some uncertainty. The semi-annual report shows that Hunan Yuneng achieved operating revenue of 34.877 billion yuan in the first half of the year, up 142.92% year on year, with net profit attributable to shareholders of the listed company of 2.91 billion yuan, up 853.51% year on year. Sales of phosphate cathode materials reached 667,200 tonnes, up 38.77% year on year, of which overseas sales reached 18,000 tonnes, achieving leapfrog growth compared with the same period last year.

Bridge Green Upcycle and Hartree Partners have signed an eight-year commercial agreement for the purchase and marketing of lithium carbonate produced from recycled batteries, valued between $500m and $1bn at current market conditions. Under the deal, Hartree gains exclusive rights to market approximately 10,000 tonnes per annum of lithium carbonate across all grades from Bridge Green's facilities, with an option to renew for an additional seven years. Hartree has also made an equity investment in Bridge Green as part of the company's bridge financing round, intended to support its planned expansion of battery recycling and critical mineral refining operations. Hartree battery and critical minerals head Landon Berns said critical minerals are a key pillar of Hartree's growth strategy, while Bridge Green founder and CEO Balki Iyer called the agreement a defining milestone toward a circular supply chain. Initial volumes of lithium carbonate for Hartree are anticipated in 2028, and Bridge Green's upcoming Series A funding round is expected to finance integrated refining facilities in India and the US.

Shanshan Co. announced on the evening of September 22 that it plans to invest approximately 5.106 billion yuan in total to build an integrated base project with annual capacity of 150,000 tons of lithium-ion battery anode materials for Inner Mongolia Shanshan Technology Co., in order to consolidate its leading position in global artificial graphite anodes. The project involves fixed asset investment of about 4.318 billion yuan, with a construction period of 17 months. It is scheduled to start in March 2027 and be completed in July 2028. Once completed, it will form integrated production capacity of 150,000 tons of lithium battery anode materials per year, along with supporting graphitization capacity of 50,000 tons to fill the graphitization gap at the Jiuyuan plant, and will reserve flexible production interfaces for sodium-ion hard carbon anode materials. This comes just over a month after the company completed a change of control. On August 11, the company announced that Anhui Conch Group Co., Ltd. had become its indirect controlling shareholder. The current controlling shareholder is Anhui Wanwei Group Co., Ltd., and the actual controller is the State-owned Assets Supervision and Administration Commission of the People's Government of Anhui Province. Third-party data show that in the first half of 2026, China's anode material shipments reached 1.91 million tons, up 48 percent year on year, with industry capacity utilization exceeding 80 percent and leading companies continuing to run at full capacity. In the first half of 2026, Shanshan Co.'s operating revenue rose 23.04 percent year on year to 12.13 billion yuan, and net profit attributable to the parent company rose 296.73 percent year on year to 822 million yuan.

On the evening of September 21, multiple listed companies on the Shanghai and Shenzhen stock exchanges released positive announcements, covering private placement fundraising, major investments, share buybacks, and engineering contracts. Yongmaotai plans to raise no more than 998 million yuan through a private placement for projects including intelligent manufacturing of magnesium alloy precision components. Yihao New Materials plans to raise no more than 1.8 billion yuan through a private placement to increase capital and acquire no less than 78 percent equity in Mingfeng Electronics. Keda Manufacturing plans to have its controlling subsidiary invest about 4.5 billion yuan in Baotou, Inner Mongolia, to build an integrated project with an annual output of 500,000 tons of graphite anode materials. Galaxy Microelectronics plans to invest 1.078 billion yuan using its own or self-raised funds in a high-end core device industrialization and innovation capability construction project. Jiangbolong announced that the company repurchased 2.2906 million shares for 800 million yuan, and the buyback plan has been fully implemented. A subsidiary of Poly Union renewed a mining and stripping engineering contract with an estimated total price of about 4.2 billion yuan. A controlling subsidiary of Sunshine Co., Ltd. plans to purchase servers and supporting equipment for no less than 2.293 billion yuan, with the contract amount accounting for 51.22 percent of the company's total assets in the most recent audited period. The controlling shareholder of Tianchuang Fashion plans to increase its stake by 150 million to 300 million yuan. In addition, Yisheng Pharmaceutical's risk control measures have been lifted, and relevant production lines will resume production in an orderly manner. A wholly owned subsidiary of Western Mining obtained a mining license.

Hubei Yihua announced on the evening of September 21 that it plans to have its wholly owned subsidiary Hubei Yihua New Energy Technology invest in the construction of a 150,000-tonne-per-year iron phosphate project, with total estimated investment of about 1.152 billion yuan. The company said implementing this project will help extend its strategy into the new energy and new materials industries and promote the upgrading of its phosphorus chemical business. Notably, the 150,000-tonne-per-year iron phosphate capacity is only the company's first phase. Under its medium- and long-term development plan, the company will raise iron phosphate capacity in stages, with long-term planned capacity of 1 million tonnes per year. The company has previously entered the iron phosphate sector through joint ventures and other means. Its equity-participated Bangpu Yihua project with 300,000 tonnes per year of iron phosphate and 200,000 tonnes per year of nickel sulfate has been completed and is running at full capacity. In July this year, Hubei Yihua completed a 3.3 billion yuan convertible bond issuance, with the proceeds to be focused on high-value utilization of phosphorus and fluorine resources and a potassium dihydrogen phosphate project.

EVE Energy unveiled its EVE Open Source Battery 4.0: AI Battery at IAA TRANSPORTATION 2026 in Hannover, marking the product's European debut and securing on-site strategic cooperation orders exceeding 30 GWh. The AI Battery, built on the company's LMX chemistry platform, integrates a custom-built AI chip to enable cell-level active sensing, real-time diagnostics and intelligent optimisation, replacing conventional passive battery management systems. EVE also exhibited Open Source Battery 3.0 alongside the 4.0 lineup, which includes LMX chemistry cells LM815, LM285 and V63, the LM815-641kWh underfloor battery system for heavy-duty trucks and the B3E-LF206S battery system for buses. The company signed on-site cooperation agreements with BMZ, Janus Electric, Morris Commercial, Sunswap, WEG and others, with total contracted orders exceeding 30 GWh. EVE said the products comply with stringent European market access requirements and are designed to address safety, environmental adaptability and full-lifecycle economics demands in the region's commercial vehicle market.

Cabot Corporation is expanding domestic production of advanced conductive additives at its Franklin, Louisiana, and Pampa facilities through a modified $50 million grant from the U.S. Department of Energy's Office of Critical Minerals and Energy Innovation. The funding, combined with approximately $75 million of Cabot investment, is intended to meet rising demand for energy storage systems, AI infrastructure, data centers, grid modernization and broader electrification. Under the revised agreement, Cabot will redirect funding from its originally planned Michigan project toward a two-site brownfield expansion, a move expected to accelerate development, improve production efficiency and strengthen supply capabilities. The investment will support Franklin's production of LITX advanced battery-grade conductive carbons, while the Pampa facility will establish Cabot's first commercial-scale production of carbon nanostructures and part of its ENERMAX product family, with both projects expected to become operational by the end of 2028. Cabot's shares have gained 17% year to date compared with the industry's 13.7% rise in the same period.

Factorial Energy shares jumped 14.4% in Thursday's trading after the company said it will partner with Japan's Mitsui Kinzoku to accelerate the global scale-up of its Solstice all-solid-state battery platform. Mitsui Kinzoku produces sulfide-based solid electrolytes for all-solid-state batteries and is one of few companies worldwide with foundational technology in this space, Factorial said. The Japanese company also produces ultra-thin copper foil and holds an estimated 90% share of the semiconductor market for that foil. Mitsui Kinzoku Senior Executive Officer Kiyotaka Yasuda said the two companies aim to accelerate the realization of next-generation batteries by combining Mitsui Kinzoku's long-established expertise in materials and manufacturing technologies with Factorial's advanced technological capabilities. Factorial Energy shares began trading on Nasdaq in June following the completion of its business combination with Cartesian Growth Corporation III.

New registrations of battery electric vehicles in Europe rose 54.2% year-on-year in August, accounting for roughly one in three new cars sold and far outpacing forecasts for 2026. According to data from E-Mobility Europe, New Automotive and Fierce Automotive, BEV registrations across 16 major European markets rose to 202,833 units, giving fully electric vehicles a market share of 30.5%. BEV registrations across Europe as a whole have exceeded 1.67 million units since the start of the year, up 33.1% from the same period a year earlier. T&E had forecast a BEV share of 23% in the EU this year, while Rho Motion expected around 21% for Europe as a whole, but BEV registrations in the 16 markets have risen 33.1% year-to-date, exceeding forecasts for the combined plug-in market of BEVs and plug-in hybrid vehicles. By country, France's BEV market share rose to 38.3% in August and Germany's to 32.5%, with fully electric registrations reaching 36,159 units in France and 68,980 units in Germany. Among Europe's most electrified markets, Norway led with a BEV share of 98.7%, followed by Denmark at 85.9%, Finland at 52.3%, the Netherlands at 48.9%, Belgium at 46.2% and Portugal at 36.1%.

Titanium Energy Chemical announced after market close on September 16 that it plans to increase the capital of its wholly owned subsidiary, Titanium Energy Chemical Group Baiyin New Materials Company, by 3 billion yuan in cash to support the construction of a project with an annual capacity of 600,000 tons of lithium iron phosphate and sodium iron phosphate precursor, namely iron phosphate. After the capital increase, the subsidiary's registered capital will rise from 1.58 billion yuan to 4.58 billion yuan. The iron phosphate project has an estimated total investment of 5.462 billion yuan and will be built in two phases. The first phase will construct facilities with an annual capacity of 400,000 tons, and the second phase will add 200,000 tons. The previously disclosed 2026 interim report showed that the company achieved operating revenue of 4.557 billion yuan in the first half of the year, up 20.89 percent year on year. Net profit attributable to the parent company was 420 million yuan, up 61.93 percent, and non-GAAP net profit was 364 million yuan, up 65.20 percent. Second-quarter net profit was 316 million yuan, up 204 percent quarter on quarter. The company said the earnings growth benefited from recovering market prices for titanium dioxide, yellow phosphorus, and iron phosphate, as well as the advantages of its green coupled circular development across three main businesses. The new energy materials segment is accelerating as a second growth curve, and its existing 100,000-ton iron phosphate capacity has passed certification by leading downstream customers and is being supplied in bulk.

Huayou Cobalt announced that the company has completed the issuance of its eleventh tranche of green sci-tech innovation bonds for 2026, with an issuance amount of 1 billion yuan, a term of two years, a par value of 100 yuan per unit, and a coupon rate of 2.20 percent. The bond is abbreviated as 26 Huayou Cobalt GN011 Sci-Tech Innovation Bond, with China CITIC Bank, China Merchants Bank, Shanghai Pudong Development Bank, Bank of China, Industrial Bank, BOC International, and China Bohai Bank serving as lead underwriters. It was publicly issued in the national interbank bond market through bookbuilding and centralized placement. The proceeds will be used to replace procurement expenditures incurred by subsidiaries within three months for the recycling of used power batteries and their dismantled materials, as well as for raw material procurement for battery-grade lithium salt product manufacturing projects. The announcement shows that the company's 2025 annual shareholders' meeting has approved a proposal for the company and its subsidiaries to issue debt financing instruments of non-financial enterprises in 2026, with issuance methods including public offering and non-public targeted issuance.

Nano One Materials Corp. is advancing its first Development Company project to deploy lithium iron phosphate cathode production in Canada, beginning a site evaluation study for a proposed 25 ktpa cathode production facility with potential expansion to up to 100 ktpa. The project, known as Canada DevCo, aims to serve ESS, EV and defence markets in Canada and internationally, and will draw on experience from the company's existing Candiac Facility to support technical development, training and operational readiness. Early development workstreams are underway, including engineering of the standardized 25,000-tonne-per-year plant design based on the One-Pot LFP CAM Package, which is supported in part by funding from Natural Resources Canada announced on April 8, 2026. Nano One is engaging with numerous regional suppliers of lithium carbonate, phosphoric acid, iron and key plant equipment, with a particular focus on securing local iron feedstock with suitable characteristics. The Canada DevCo advances the global LFP strategy outlined in the company's August 26, 2026 news release, with each project intended to be financed on its own merits through a combination of government and private investment.

The National Electric Vehicle Policy Committee, or EV Board, approved in principle a restructuring of the excise tax on electric vehicles. The meeting was chaired by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas, and the results were disclosed on 10 September 2026 by Narit Therdsteerasukdi, Secretary-General of the Board of Investment, in his capacity as a member and secretary of the EV Board. The new tax structure rests on five principles: using imports to attract long-term investment by tying import conditions to actual domestic production investment; pushing Thailand to become a regional and global hub for electric vehicle manufacturing and export; upgrading the use of high-value-added domestic parts and raw materials; creating fair competition between domestically produced and imported vehicles; and developing domestic parts manufacturers. Tax rates will be tiered according to the level of investment, production, and value added in Thailand. Electric vehicles imported by importers with no domestic manufacturing plant will face higher taxes, while manufacturers that already have plants in the country but need to import certain models for market testing will have import volumes set according to the economic value they create in Thailand. The meeting also approved the appointment of two subcommittees: the Subcommittee on Promotion of the Modern Automotive and Parts Manufacturing Industry, chaired by the Minister of Industry, and the Subcommittee on Development of Infrastructure to Support Electric Vehicle Charging, chaired by the Minister of Energy. It also assigned the Permanent Secretary of the Ministry of Finance to study additional measures to promote the use and production of commercial electric vehicles and electric motorcycles. In the first seven months of 2026, BEV registrations totaled 126,950 units, up 88 percent from the same period a year earlier, while registrations of xEV vehicles overall, comprising BEV, HEV, and PHEV, accounted for 55 percent of all vehicle registrations. On investment, as of 31 August 2026 the Board of Investment had granted promotion to 189 electric vehicle and related projects, with investment value of 151.372 billion baht. Battery manufacturing had the highest investment value at 87.073 billion baht, followed by BEV manufacturing at 38.563 billion baht and key parts manufacturing at 12.558 billion baht. Promoted charging station projects plan to install a total of 23,135 charging heads, of which 10,249 are quick chargers, or about 85 percent of the target of 12,000 heads in 2030. Automakers with production bases in Thailand, namely Mitsubishi, Honda, Mazda, and Isuzu, plan additional investment totaling more than 50 billion baht to develop new models, upgrade production lines with automation and robotics, and accommodate HEV, MHEV, and various forms of electric vehicle technology.

FSPG Hi-Tech announced on the evening of September 3 that it plans to invest in two major green high-end separator projects in Shaoguan, Guangdong and Wu'an, Hebei through its wholly-owned subsidiary Hebei Jinli New Energy Technology, with a total investment of approximately 7.158 billion yuan. It also plans to raise no more than 4 billion yuan through a private placement for project construction and supplementary working capital. The Shaoguan base project, with an annual capacity of 4 billion square meters of wet-process separators, has a total investment of about 3.347 billion yuan, while the Wu'an base project, with an annual capacity of 4 billion square meters of coated separators, has a total investment of about 3.811 billion yuan. Jinli New Energy has achieved stable mass production of 5-micron separators and established long-term cooperation with multiple leading battery customers. Its performance commitments for 2025 to 2027 require non-GAAP net profit of no less than 230 million yuan, 360 million yuan, and 610 million yuan respectively. The controlling shareholder Guangxin Group will participate in the private placement to consolidate control. In the first half of 2026, FSPG Hi-Tech reported revenue of 3.877 billion yuan, up 259.61 percent year on year, and net profit attributable to the parent of 905 million yuan, up 1,608.12 percent year on year, mainly because Jinli New Energy has been consolidated since February 2026.

ANZ Bank forecasts that copper prices could surge to a record high in early next year, as concerns over U.S. import tariffs attract metal into the country, tightening the global market, while demand from electric vehicles and new energy remains strong. Copper on the London Metal Exchange is trading near $14,245 per ton, and ANZ expects prices to rise to around $14,500 per ton by the end of 2026 before hitting $15,000 per ton in early 2027, which would be a new record. ANZ analysts noted that increased copper imports into the U.S. due to tariff expectations have pushed U.S. stockpiles to record highs, while LME warehouse inventories have declined, tightening markets outside the U.S. Production issues at South American mines and strong demand from EVs and new energy provide additional support.