Jiangsu Eastern Shenghong: Company's Ultra-High Molecular Weight Polyethylene Products Can Be Used as Raw Materials for Lithium Battery Separators

Li Bin, the founder, chairman, and CEO, responded during a group interview at the Guangzhou Auto Show regarding the competition in the car market next year. He stated that every year in the automotive industry is brutal and bloody, and the competition for smart electric vehicles has entered what he calls the "final stage." He believes that the competition for smart electric vehicles will reach this final stage in 2024 and 2025. Fortunately, we are still in the final competition today. The investments in R&D and infrastructure over the past few years are beginning to show results. This competition has no end; both traditional private enterprises and state-owned enterprises are accelerating their layouts. The true stable state may take 10 years to manifest. The key is to persevere, develop steadily, and survive.

According to Tianyancha business information, recently, Faraday Future (China) Co., Ltd. underwent a business change, with its registered capital increasing from 459 million RMB to 475 million RMB. The company was established in March 2017, with Wang Zhigang as the legal representative. Its business scope includes automobile sales, new energy vehicle sales, manufacturing of automobile parts and accessories, wholesale and retail of automobile parts and accessories, sales of machinery and equipment, trade brokerage, and energy storage technology services. Shareholder information shows that the company is jointly held by LeEco Auto Technology (Beijing) Co., Ltd. and FF Hong Kong Holding Limited.

On November 21, 2025, Hon Hai Technology Group (Foxconn) unveiled the new MODEL A electric vehicle reference model at the HHTD2025 exhibition. This vehicle is a B-class MPV, designed with the Japanese "Being White" design philosophy, and it will debut in the Japanese market. It supports configurations ranging from two to seven seats and is compatible with both sliding and side-opening doors, making it suitable for taxi, business, and logistics applications. The new model is equipped with self-developed lidar ADAS/AS systems, immersive audio, intelligent battery and thermal management technology, and features AI translation capabilities. The MODEL A symbolizes "affordable" and "advanced AI technology." Hon Hai is currently in discussions with clients to launch a version of this model in the Southeast Asian market.

An investor asked on the investor interaction platform: What is the current progress of the iron phosphate and lithium iron phosphate new materials project invested and constructed by the company's second-level holding subsidiary, Hubei Haiges? Can the company's ultra-high molecular weight polyethylene be used for lithium battery separators? Dongfang Shenghong (000301.SZ) responded on November 21 on the investor interaction platform, stating that the progress of the related project can be found in the company's announcements. The company's ultra-high molecular weight polyethylene products can be used as raw materials for lithium battery separators.

On November 20, BASF announced that it will increase the prices of Lupranate® MDI (diphenylmethane diisocyanate) basic products in the South Asia region by $200 per ton, effective immediately. This price adjustment is a necessary measure implemented due to the ongoing rise in transportation costs, energy costs, and compliance management costs.