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BASF, Li Auto forge strategic partnership to drive sustainable, digital coatings innovation
The duo announced a strategic cooperation memorandum aimed at advancing coatings innovation through sustainability and digitalization.
[SMM Analysis] On February 9, 2025, the National Development and Reform Commission (NDRC) and the National Energy Administration jointly issued the "Notice on Deepening the Market-oriented Reform of New Energy Feed-in Tariffs to Promote High-quality Development of New Energy" (NDRC Price [2025] No. 136, hereinafter referred to as "Circular No. 136"). The notice clearly stipulates the cancellation of the mandatory energy storage policy for new energy projects, marking the exit of the administrative energy storage mechanism, which has been in place for nearly eight years, from the historical stage. This policy aims to address industry pain points such as inefficient resource allocation, sharp increase in cost pressures for new energy enterprises, and the phenomenon of energy storage being "built but not used," and to promote the transition of energy storage from "policy-driven" to "economy-driven."
【SMM Analysis】On February 9, 2025, the National Development and Reform Commission (NDRC) and the National Energy Administration jointly issued the "Notice on Deepening the Market-Oriented Reform of New Energy On-Grid Tariffs to Promote High-Quality Development of New Energy" (NDRC Price [2025] No. 136, referred to as "Document No. 136"), which explicitly abolished the mandatory energy storage allocation policy for new energy projects, marking the end of the nearly 8-year administrative energy storage allocation mechanism. This policy aimed to address industry pain points such as inefficient resource allocation, surging cost pressure on new energy enterprises, and the phenomenon of "building but not using" energy storage, thereby driving the transition of energy storage from "policy-driven" to "economically-driven.
[SMM Analysis] According to the latest weekly data released by the China Passenger Car Association (CPCA), the average daily retail sales of passenger vehicles in China during the third week of March 2025 (March 17-23) reached 55,000 units, representing a year-on-year (YoY) increase of 8% and a month-on-month (MoM) growth of 11%.
[SMM Analysis] According to the latest weekly data released by the CPCA (China Passenger Car Association), the national passenger car market's daily average retail sales reached 55,000 units in the third week of March 2025 (March 17-23), up 8% YoY and 11% MoM.
