[7.30Lithium News] Evergrande 180 million additional acquisition of 9.6% stake in Kanai New Energy * Tesla sold US $1.47 billion in China in the first half of the year.

[Evergrande 180 million additional acquisition of 9.6% stake in Kanai New Energy] recently, Evergrande Health announced that Evergrande New Energy Technology Group Limited, a wholly-owned subsidiary of the company, as the buyer and Shenzhen Bangya Electronic Technology Co., Ltd. as the seller entered into a share purchase agreement relating to the acquisition, the buyer agreed to acquire 9.5890 per cent of the target company from the seller for a total consideration of RMB 178 million. Upon delivery of the acquisition, the buyer will hold a total stake of 79.859% of the target company.

[Xinte responds to Guizhou project shutdown: continue to bind FAW contract manufacturing, is carrying out B + round financing] a few days ago, it was reported that the construction of the plant project of Xinte Automobile, which is located in Guian New District of Guiyang City, Guizhou Province, has been suspended, and the local trial production workshop is also in a state of shutdown. A few days ago, the new special car CEO first confirmed that the above news is true. "We expect to complete a new round of [B +] financing by the end of this year and are currently in final negotiations with investors." Xianyue said that Xinte just completed the B round of financing led by the relevant industrial funds in Chongqing Changshou District in May this year.

[Tesla sold US $1.47 billion in China in the first half of the year to deliver nearly 22000 new cars] on the evening of July 29, Tesla filed with the US Securities and Exchange Commission (SEC) showing that in the first half of this year, China continued to become Tesla's second largest market, with total car sales in China totaling US $1.469 billion, an increase of 41.8 percent over the same period last year. Earlier, media reports said that in the first half of 2019, Tesla delivered a total of 21830 new cars in China, including Model S, Model X and Model 3. Delivery was 7978 vehicles in the same period of 2018, an increase of 173.6 per cent over the same period last year.

[BAIC New Energy EC5 99900 yuan after listing subsidies in Beijing] on July 29, BAIC New Energy EC5 was officially listed in Beijing, with a total of three new models, with a price range of 9.99-119900 yuan. The new car is equipped with 48kWh capacity ternary lithium battery pack, the comprehensive operating condition is 403km, the battery provides 8 years / 150000 km quality assurance.

[up to 500km, Chery Tiger e pre-sale 11.5-150000 yuan] recently, Chery New Energy official announced that Ruihu e officially opened for pre-sale, the new car will launch four models, the pre-price range of 11.5-150000 yuan. Meanwhile, the new car will go on sale at the end of August. Ruihu e as a new Chery new energy model, the new car is based on the T1X platform, and the current Chery Tiger 5x using the same platform. In terms of power, Ruihu e is equipped with Yasukawa motor, peak power 95kW, maximum torque 250Nm, and is equipped with 53.6kWhternary lithium battery, NEDC comprehensive range of 401km, constant speed maximum range of 500km. In terms of charging, Ruihu e fast charge can be charged from 30% to 80% in only half an hour. Using 6.6kw charger, it can be fully filled in 6 to 8 hours.

[European Electric vehicle sales list for the first half of the year: Tesla Model 3 wins again] according to European electric vehicle sales figures released on the EV Sales website, the European market sold 47384 electric vehicles in June, up 24 per cent from the same period last year. Given that sales in the mainstream car market are stagnant (down 3% from a year earlier), the European electric car market is doing well. The biggest bright spot in June was Tesla, whose Model 3 sales again exceeded 10,000, while Model S and Model X sales were the best so far this year. Interestingly, although Tesla Model 3 has been sold in China, sales of the other four models on the top five electric vehicle sales list also rose by more than 25 per cent in the first half of the year, suggesting that the Model 3 did not drain sales of other electric vehicles, but gave them momentum to thrive.

India's goods and Services tax (GST) Committee decided on the 27th to cut the goods and services tax rate on electric vehicles to 5 percent from the previous 12 percent. The decision was formally implemented on 1 August. It is reported that the Indian government cut taxes on electric cars and charging equipment in order to encourage people to use greener cars.

Hu Yan 021 51666809

Hong Lu 021 51666814

Ning Ziwei 021 51666780

Qin Jingjing 021 51666828

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