[10.12 Lithium Express] the Ministry of Industry and Information Technology announced that the amount of new energy vehicle promotion results in 2017 exceeded 20 billion * more car companies released production and sales data

[the amount of subsidy exceeds 22 billion the Ministry of Industry and Information Technology announces the results of the liquidation of subsidies for the promotion of new energy vehicles in 2017. "on October 11, the Ministry of Industry and Information Technology announced the liquidation and examination of the subsidy funds for the promotion and application of new energy vehicles in 2017. in 2017, enterprises declared a total of 236881 new energy vehicles, enterprises applied for liquidation funds of 24.4140325 billion yuan, the expert group approved 207409 new energy vehicles promotion, and the total amount of subsidy funds to be liquidated was 22.02709 billion yuan.

[Dyson announced that he had given up building cars and had planned to invest in 21.8 billion] on October 11, Dyson announced that the company had cancelled its electric vehicle manufacturing project because "the project is not commercially feasible." James Dyson (James Dyson), founder of Dyson, said in an internal email on Monday, "this decision was not made because of problems with the product, not because of problems with the car team, more complex to produce cars, and despite our painstaking efforts throughout the development process, we no longer see ways to make it commercially viable."

[cold sharp cobalt industry: cobalt product prices fell in the first three quarters pre-loss of 38 million to 42 million yuan] cold sharp cobalt industry announcement, the first three quarters net profit loss of 38 million yuan-42 million yuan, a profit of 700 million yuan in the same period of last year. From the fourth quarter of 2018 to July this year, cobalt metal prices continued to fall, and the company's cobalt products sales prices fell, reducing the company's profitability.

Boeing announced on October 10 that it is working with Volkswagen's luxury sports car brand Porsche to develop a concept electric flying car that can transport passengers in urban environments. Boeing is already competing with its main rival Airbus and other companies to develop a small autopilot that can take off and land vertically.

[Geely's January-September sales of new energy and electrified models rose 83.2 per cent from a year earlier] on the evening of October 10, Geely Motor (HK.0175) released September sales figures. In September, Geely sold 8765 new energy and electrified models, with cumulative sales of 78738 from January to September, up 83.2% from a year earlier, making it a major growth point for Geely's sales.

[Jianghuai Automobile sold 5116 new energy vehicles in September, down 24.17 percent from the same period last year] on October 11, Jianghuai Automobile announced the production and sale of KuaiBao in September. KuaiBao showed that Jianghuai Motor sold 5116 pure electric passenger vehicles in September, down 24.17 percent from the same period last year. This year, a total of 49028 pure electric passenger vehicles were sold, an increase of 29.82 percent over the same period last year.

[BAIC New Energy sales in September maintained a year-on-year increase of 20% in the first nine months of this year] on October 11, BAIC Blue Valley (600733) released the production and sales of KuaiBao, a subsidiary of Beijing New Energy in September 2019. Sales of new energy vehicles in Beijing were 10009 in September, down 696 from August and down 13 per cent from a year earlier, but sales rose 20.45 per cent from January to September to 98382 from a year earlier, according to the report.

SMM Cobalt Lithium small Metal Research team

Hong Lu 021-51666814

Qin Jingjing 021-51666828

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