According to Hongrun Construction, Hongrun Green Energy (Xuancheng) Energy Technology Co. held a commissioning ceremony for its high-performance battery project. The project is planned to have annual capacity of 60 million ultra-high-power cylindrical cells and 120 million ampere-hours (Ah) of low-altitude-economy cells, focused on ultra-high-power cylindrical battery technology and high-performance, high–specific-energy solid–liquid hybrid cells. The project is scheduled to complete full produc

US ADP weekly employment change to May 9 due in 10 minutes

On Wednesday, commercial traffic through the Strait of Hormuz plunged, with only a handful of Iran-linked vessels transiting, underscoring erratic passage through one of the world's most important energy chokepoints. Bloomberg-compiled vessel-tracking data showed only two vessels entered the Persian Gulf that day, while a fuel-oil tanker appeared to pause while exiting. The slowdown followed a day in which two international ultra-large oil tankers exited the waterway, producing a brief surge in outbound energy shipments. The volatility comes as markets await the outcome of US-Iran talks aimed at ending a conflict that had nearly closed the Strait. Earlier, Iran's state TV reported a draft memorandum of understanding (MoU) and said maritime shipping could normalize within a month; the US denied that report.