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In 2025, China's 'three new' economy generated a value added of 25.79 trillion yuan, up 6.2% year-on-year at current prices, representing 18.39% of gross domestic product. The growth rate exceeded the overall GDP growth by 2.2 percentage points, and the share rose by 0.38 percentage points from the previous year.
India has approved a 1.275 trillion rupee ($13 billion) Semiconductor 2.0 incentive plan, shifting from tentative initial steps to a full ecosystem approach. The plan targets mature-node wafer fabrication, advanced packaging, and chip design, while expanding support to materials, equipment, and talent. Despite 19% annual demand growth, India imports 90-95% of its semiconductors. The funding is smaller than the US, EU, and Japan chip subsidies, and challenges remain in infrastructure and logistics.
A shipment of 3,750 tonnes of green ammonia produced in Da'an, Jilin province, has been transported overland to Lianyungang in Jiangsu and then shipped to South Korea, setting a record for the largest single-batch export of green ammonia in China and globally. The ammonia comes from the world's largest single-unit green ammonia facility with an annual capacity of 180,000 tonnes. Powered by wind and solar resources in western Jilin, its carbon emissions are more than 90% lower than those from traditional coal-based ammonia production.
Tinci Materials said it has been supplying sodium battery electrolyte and an integrated solution including sodium hexafluorophosphate and NaFSi to leading enterprises such as CATL. The company plans to build supporting production capacity for sodium battery electrolyte and raw materials to ensure supply as demand ramps up. The market for sodium-ion battery electrolyte is still in its early stages.
Kedali announced a plan to repurchase shares worth between RMB 150 million and RMB 300 million for employee stock ownership or equity incentive plans, with a maximum buyback price of RMB 292 per share.
Volkswagen and PowerCo are in talks with Gotion High-tech over control of a planned 40GWh battery plant in Spain, as Gotion faces a severe cash squeeze. The EUR 3 billion facility, delayed to end-2026, has been visited by Gotion chairman Li Zhen. Gotion sold shares for RMB 829 million in July to raise funds. Its first-quarter net profit plunged nearly 80% to just over RMB 21 million, while investment cash outflow widened 425% to RMB 4.657 billion, leaving a funding gap of approximately RMB 12.2 billion.
Tianjin Kaixin Energy Storage Equity Investment Partnership has been established with a capital contribution of 500 million yuan. The partnership is jointly held by Sunwoda's subsidiary Shenzhen Xinneng Industrial Development Technology Co. , Ltd. , Kaixian Capital Management Co. , and others. Its business scope includes investment management, asset management services for investments with own funds, and engaging in investment activities with own funds.
Affiliates of battery giant CATL, including Xiamen Ruiting Investment, Xiamen Jinrui Investment Partnership, and Xiamen Puquan Private Equity Fund Management Partnership, have jointly established the Xiamen Ruiyuan Times Phase II M&A Equity Investment Fund Partnership. The fund has a capital commitment of about 3 billion yuan and will engage in private equity investment, investment management, asset management, and investment activities using its own capital.
LONGi Green Energy and DHL Group have signed a strategic cooperation memorandum of understanding, establishing a long-term deep strategic partnership. The MoU outlines four core cooperation directions: implementing building-integrated photovoltaic (BIPV) applications; jointly developing integrated solar-storage solutions tailored for logistics park scenarios; and establishing a regular high-level communication mechanism.
Sungrow Power Supply Co. , Ltd. has set up a wholly owned subsidiary, Sungrow Hydrogen (Suzhou) Technology Co. , with Yang Wei as legal representative. The new company will engage in the sale of gas and liquid separation and purification equipment, manufacture of new energy original equipment, electrical machinery, and station hydrogen refueling and storage facilities, among other activities.