[5.6Lithium Express] Yiwei LiNeng: signed a strategic cooperation framework agreement with StoreDot on electric vehicles * Zeng Yuqun became the richest man in Hong Kong: $100m more than Li Ka-shing

[carmaker Stellantis: chip shortage crisis will be more serious this quarter] carmaker Stellantis warned that the global semiconductor shortage will be more serious than in the first quarter, which has reduced planned production by 11%. The company, formed by the merger of Fiat Chrysler and PSA, said it would get worse in the second quarter and show some signs of improvement in the second half of the year, according to an earnings statement on Wednesday. Richard Palmer, the chief financial officer, warned that the impact could last until 2022. "visibility is still relatively limited," Palmer said. "it is unwise to think that the problem will disappear automatically." Chip shortages reduced planned production by 190000 vehicles in the first quarter, followed by a temporary shutdown of some production lines, and Palmer said the blow in the second quarter could be even more pronounced.

[Britain is considering building rare metal inventory for electric vehicle applications] May 6 news, according to the Daily Telegraph, citing unnamed government officials, the UK is exploring plans to establish an inventory of rare earth metals for electric vehicles to protect Britain's access to important materials such as lithium and cobalt. The UK may build national stocks to avoid shortages and support attempts to build domestic resources, such as potential lithium mines in Cornwall, or to secure supplies from overseas private companies through diplomatic networks.

[Yiwei LiNeng: signed electric vehicle strategic cooperation framework agreement with StoreDot] recently, Yiwei LiNeng announced that the company has signed the "Electric vehicle Strategic Cooperation Framework Agreement" with StoreDot, hoping to cooperate on electric vehicle batteries, use the company's existing test production line at this stage, and make some modifications and upgrades to test and manufacture extremely fast rechargeable battery products. Subsequently, if the product has been successfully produced on a commercial scale and has passed all the tests jointly determined by both parties to prove its high reliability and maturity, the establishment of a joint venture for the production of this product shall be evaluated and discussed. StoreDot, a limited liability company officially registered under Israeli law, is an innovative leader in materials and equipment applications and a leader in fast rechargeable battery technology.

[Guojin Securities: Ganfeng Lithium Industry volume and price rising major projects have entered the production period] the Guojin Securities Research report believes that due to the demand for new energy vehicles in the first quarter, the domestic demand for lithium carbonate and lithium hydroxide is strong. The average price of Q1 battery-grade lithium carbonate is 72138 yuan, up 46% from the same period last year, and the average price of lithium hydroxide is 77096 yuan, up 30% from the same period last year. At the same time, Ganfeng lithium industry lithium salt products and lithium battery products, volume and price rise led to a substantial increase in performance in the first quarter. In addition, the continuous rise in the Pilbara share price of the company's shares leads to an increase in fair value change earnings. Maintain the "overweight" rating.

[invests 1 billion GM plant in Mexico to expand] General Motors announced that it will invest 1 billion US dollars to expand its plant in Alispe, Ramos, Mexico. After the expansion, battery packs and motors will be assembled here first, and then pure electric vehicles will be built from 2023.

[Zeng Yuqun has become the richest man in Hong Kong: US $100m more than Li Ka-shing] Hong Kong's richest man has been replaced. Zeng Yuqun, chairman of the board of directors of the Ningde era, is worth US $34.5 billion, surpassing Hong Kong legendary tycoons Li Ka-shing and Lee Shau-kee to become the richest man in Hong Kong. Ningde's share price has soared more than 150 per cent over the past year as demand for electric cars has risen, or 230 per cent in 2020, with a latest market capitalization of 904.2 billion yuan.