[5.27 Lithium Express] the final result of the settlement of subsidies for new energy vehicles announced by the Ministry of Industry and Information Technology * Sichuan Yuneng lithium iron phosphate production line with an annual output of 20,000 tons is

[the Ministry of Industry and Information Technology publicizes the final results of the liquidation of subsidies for new energy vehicles] on May 25, the Ministry of Industry and Information Technology announced the liquidation audit of subsidy funds for the promotion and application of new energy vehicles in 2018, 2016 and previous years, and the pre-allocation of subsidy funds in 2018 and 2019. According to the first electric network statistics, a total of about 10.765 billion yuan of new energy vehicle subsidies.

According to the terminal retail data released by CNIC data, the top five domestic car building new power models in April 2020 are Tesla Model3, Lulai ES6, ideal ONE, Xiaopeng G3 and Weimar EX5, with sales of 4312, 2886, 2793, 1234 and 943 respectively.

[Xiangtan electrification: Sichuan Yuneng annual production line of lithium iron phosphate is expected to be put into production in the second half of the year] on May 25, Xiangtan Dianhua (002125) said in an interactive exchange with investors that Hunan Dianhua Houpu Technology Co., Ltd. currently has an annual production line of 2000 tons of nickel-cobalt-manganese ternary material precursors and 3000 tons of battery-grade nickel sulfate production line, and its pilot production of nickel-cobalt-manganese ternary material precursors is actively carrying out customer certification. Xiangtan Dianhua also revealed that in 2020, the company's shareholding company, Yuneng New Energy, established a wholly-owned subsidiary Sichuan Yuneng New Energy Battery Materials Co., Ltd., which is building a lithium iron phosphate production line with an annual output of 20,000 tons, which is expected to be put into production in the second half of this year. After the above production line is put into production, the total annual production capacity of lithium iron phosphate of Yuneng New Energy will reach about 50,000 tons.

Honeycomb Energy, an independent power battery supplier from Great Wall Motors, recently launched a "thin piece of cobalt-free battery" (which allows electric vehicles to achieve battery life 880km), which has set off a battle in the power battery industry. On May 25th, Honeycomb Energy had another good news. Its 51Ah lamination process cell took the lead in passing the safety tests of UL2580 and IEC62660-3 power batteries, which met the corresponding standards and technical requirements formulated by (UL) and (IEC) of the International Electrotechnical Commission. So far, the honeycomb energy core has been tested and approved by the stringent standards of China, the United States, the European Union and other major international markets.

[Ningde Times: adjust the non-public offering plan to raise no more than 19.7 billion yuan] Ningde Times announced that it would adjust the non-public offering plan from no more than 20 billion yuan to no more than 19.7 billion yuan. Fund-raising uses include Ningde Times Huxi Lithium Ion Battery expansion Project, Jiangsu Times Power and Energy Storage Lithium Ion Battery R & D and production Project (Phase III).

[aerial photos show amazing progress at the Shanghai Model Y factory: roof laying is under way.] it is reported that the automatic workers of the Tesla Shanghai super factory have been constantly bringing surprises to the outside world, and both Tesla's supporters and critics have been surprised by its unprecedented progress, and the Model Y plant located in the second phase of the project is no exception. Aerial video taken by Tesla enthusiast Jason Yang (Jason Yang) shows that roofing is currently under way at the, Model Y plant. Most of the corresponding factories have been covered with roof materials, and the walls of some factories are nearing completion.

Recently, with the wave of new infrastructure, NIO Power, the power-up solution of Lulai Motor, is accelerating the expansion of the layout of power-exchange stations across the country. Five new power stations have been added in six days, and the total number has reached 131, covering 58 cities across the country. The free power exchange policy reduces the cost of vehicles for users, and solves the most fundamental charging problem for users who do not have the conditions to install private charging piles.

SMM Cobalt Lithium small Metal Research team

Hu Yan 021 Murray 51666809

Qin Jingjing 021 Murray 51666828

Mei Wang Qin 021 Mui 51666759

Huo Yuan 021 Murray 51666898

Wu Yang 021 51666818

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