[6.17 Lithium Express] Ministry of Commerce: the national automobile market maintained a rapid growth trend in the first 5 months * Huayou Cobalt Co., Ltd. refinancing 10 billion yuan against the trend plus three yuan.

[lithium iron phosphate battery output exceeds ternary battery] news on June 17, May, China's power battery production maintained a high growth rate, lithium iron phosphate battery output reached a new high, and exceeded ternary battery for the first time. However, in terms of loading capacity, ternary battery is still higher than lithium iron phosphate battery. Industry insiders said that lithium iron phosphate batteries and ternary batteries correspond to different market positioning. The ternary battery has higher energy density and longer mileage, but its safety and cycle life are relatively inferior. Lithium iron phosphate battery has lower cost, higher safety and anti-recession ability, but lower energy density and shorter mileage. The two technological routes will develop together and complement each other.

[Ministry of Commerce: the national automobile market maintained a trend of rapid growth in the first five months] from January to May, the national automobile market continued to grow rapidly, and the sales of new energy vehicles were outstanding. According to the statistics of the China Association of Automobile Manufacturers, new car sales from January to May were 10.875 million, up 36.6 percent from the same period last year and 5.9 percent over the same period in 2019. Among them, sales of new energy vehicles were 950000, up 2.2 times year-on-year and 94.2 percent over the same period in 2019. New car sales in May were 2.128 million, down 3.1% from the same period last year and 11.1% higher than the same period in 2019. Of this total, sales of new energy vehicles were 217000, up 1.6 times year-on-year and 91.7% over the same period in 2019.

[lack of core causes factory to stop production Hyundai seeks chip localization] affected by chip shortage and routine maintenance, Hyundai Motor announced that its US plant would shut down for three weeks, while its Yashan plant in South Korea also stopped production because of a shortage of semiconductors. this is the fourth time that the Yashan plant has stopped production since April this year.

Last weekend, Huayou Cobalt issued a "preliminary plan for publicly issuing A-share convertible corporate bonds", which intends to raise 7.6 billion yuan through convertible bonds. it is used for the integration project of 50, 000 tons of ternary cathode materials for high-nickel power batteries and 100000 tons of ternary precursor materials for high-performance power batteries, and the annual output of 50, 000 tons of ternary positive materials for high-performance power batteries And replenish liquidity.

[GM will increase spending on electric vehicles by 30 per cent and build two new battery plants in the US] in order to take the lead in the field of electric vehicles, GM will increase global spending on electric and self-driving vehicles to $35 billion by 2025, 30 per cent higher than its latest estimate, according to people familiar with the matter. GM will build two more battery plants in the US and boost part of its investment in electric vehicles as part of the spending, according to people familiar with the matter.

[Foxconn will invest $36 million: working with Gigasolar to develop battery materials for electric vehicles] Foxconn said one of its subsidiaries has invested $36 million in Gigasolar Materials to develop battery materials for electric vehicles.