[4.29 Lithium Express] long-term Lithium 7 billion to build cathode Materials Factory * BYD's net profit fell 84.98% in the first quarter compared with the same period last year.

[long-term Lithium 7 billion put into Construction of cathode material Factory] on the morning of April 28, major projects in Hunan Province began to focus on 80 projects in Changsha, with a total investment of 38.8 billion yuan. Of the 80 projects, industrial projects accounted for more than half, reaching 43, with a total investment of 27.6 billion yuan. After the completion of the long-term lithium battery cathode material expansion project, it can have a ternary material production capacity of 80000 tons / a power battery. The construction of the project is committed to building a leading enterprise of battery cathode materials. After completion, it is expected to achieve operating income of about 12 billion yuan, a total annual profit and tax of about 600 million yuan, and provide about 1200 jobs. Bring good economic benefits to enterprises, lay a solid foundation for development, enhance market competitiveness, economic and social benefits are remarkable. Hunan long Lithium Co., Ltd. automotive lithium battery cathode material expansion project is committed to the research and development and production of NCM and NCA series products. The project is located in Changsha National High and New Technology Development Zone, with a total planned land area of 772.08 mu and a total investment of about 7 billion yuan.

[Ningde era LFP CTP Battery will enter the European Electric vehicle Market in 2020] recently, Ningde Times reported in the European market that it will expand its development in commercial vehicles and bring new LFP CTP (cell to pack) batteries. First, the Ningde era is expanding its partnership with VDL bus & Coach, a Dutch bus maker. The most important is the "high-energy density battery system based on its standardized product, the LFP CTP (cell to pack)-platform," which will be used in VDL electric buses later this year. In the new CTP (cell to pack) design, the lithium iron phosphate (LFP) battery of Ningde era has a rated power of 160wh / kg. This is not bad for LFP because there is no need to use modules. Because LFP has the advantages of long cycle life, good safety and relatively low price, it can be used as an ideal battery for electric buses and trucks.

[BYD's first quarter net profit fell 113 million year on year 84.98% expected to improve in the first half of the year] on April 29, BYD released its quarterly report 2020. From January to March 2020, the company realized 19.679 billion yuan in operating income, down 35.06% from the same period last year. The automobile industry has disclosed that the average operating income growth rate of individual stocks in the first quarter is-4.85%. The net profit belonging to the shareholders of listed companies was 113 million yuan, down 84.98% from the same period last year. The automobile industry has reported an average net profit growth rate of-28.65% for individual stocks in the first quarter, and the company's earnings per share was 0.02 yuan. Affected by the epidemic of Xinguan pneumonia, the automobile industry is facing greater pressure in the first quarter. In the first quarter of 2020, the narrow passenger car retail market was 3.01 million, down 41 per cent from a year earlier, according to the federation. Of these, retail sales were only 250000 in February, down 80 per cent from a year earlier.

[Guoxuan Hi-Tech expects net profit to fall 84 to 85 percent in the first quarter of 2020 compared with the same period last year] on April 29, Guoxuan Hi-Tech issued a performance forecast that the company expects the net profit of shareholders of listed companies from January to March 2020 to be 31 million to 33 million, a year-on-year change of-84.62% to-83.63%, and the average net profit growth rate of the electrical equipment industry is 28.42%. Guoxuan Gaoke said that the main reason for the year-on-year decline in net profit in the first quarter of 2020 was the impact of the outbreak of new coronavirus pneumonia and the macroeconomic downturn on the overall market demand of the new energy vehicle industry. The company's power battery sales and power transmission and distribution equipment sales fell sharply compared with the same period last year, resulting in a decline in profits.

[extension of blockade extension Tesla delays resumption of work at Fremont] it is reported that the shutdown of the Tesla Fremont plant will also be extended as a result of the extension of the blockade in the Bay area of the United States, resulting in the postponement of the recall of workers at the plant. It was reported over the weekend that Tesla had asked some workers at the Fremont plant to return to work, but the plant had not officially reopened. The Fremont plant, Tesla's main plant, was shut down after a blockade was issued in the San Francisco Bay area on March 23 this year. Initially, the Bay area blockade of ling was scheduled to end on May 4, and Tesla plans to restart production at the Fremont plant on May 4. However, six counties in the Bay area have recently confirmed that the blockade order will continue to be extended until the end of May.

[Meituan placed a single million shared motorcycles] it is reported that Meituan has placed orders for more than one million shared motorcycles this month, including Fujitsu and Xinri. At the same time, Meituan also exclusively bought out a Fujitsu Q8 model, as a contract factory, Fujitsu will no longer be able to produce motorcycles of the same design for other brands, which means that when Meituan's motorcycles are put on the market, Meituan's motorcycles will have a higher degree of recognition. According to people familiar with the matter, Meituan's motorcycles will first be launched in cities such as Chengdu.

[Guangzhou Auto Group first quarter net profit fell 95.73% in March production and sales rebounded sharply] April 28, Guangzhou Auto Group released the first quarter of 2020 results. According to the report, GAC's revenue in the first quarter was 10.765 billion yuan, down 24.48% from a year earlier, and the net profit attributable to shareholders of listed companies was 118 million yuan, down 95.73% from the same period last year. In the first quarter, Guangzhou Auto Group sold 306100 vehicles, down 38.13% from the same period last year; in March, production and sales were 109500 and 110500 respectively, up 532.69% and 471.04% from the previous month; and in March, sales of new energy passenger vehicles were 4111, up 130% from the same period last year. Among them, GAC's new energy sales increased 121% to 3503 units compared with the same period last year.

SMM Cobalt Lithium small Metal Research team

Hu Yan 021-51666809

Qin Jingjing 021-51666828

Mei Wangqin 021-51666759

Huo Yuan 021-51666898

Wuyang 021-51666818

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