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

France April PPI YoY 2.1%; prior figure revised from 0.20% to 0.0%.

The Beijing Municipal Committee of the Communist Party of China and the Beijing Municipal People’s Government issued implementation opinions on promoting high‑quality urban development, proposing a series of financing and investment reforms. Measures include establishing a sustainable investment-and-financing system for city construction and operation; deepening investment approval reform and strengthening whole‑process management of government investment; optimizing implementation of “two‑heavy” construction projects and increasing the share of spending on livelihood and safety; and strengthening government debt management. The document calls for improving public‑private partnership (PPP) models, developing patient capital to spur investment, and bolstering mid‑ to long‑term credit supply by encouraging insurance, trust and other institutions to provide financial services and by making full use of real estate investment trusts (REITs) and similar products. It also proposes an infrastructure investment–pricing–subsidy linkage mechanism and tighter cost coordination.