[macro outlook] pay attention to the initial value of Markit manufacturing PMI in Europe and the United States in February
[overnight market] domestic and foreign metals rose across the board. Lun Copper hit a nine-year high and the oil price broke off.
Yesterday, the outer plate metal rose sharply across the board, and Lun Copper reached a 9-year high. The dollar index fell sharply yesterday as weaker-than-expected jobless claims damped hopes for the speed of the US economic recovery. The number of initial claims for unemployment benefits in the United States this week pointed out that the number of initial claims for unemployment benefits in the United States rose unexpectedly last week, but with additional fiscal stimulus and a decline in the number of new confirmed cases by COVID-19, more service companies were able to reopen.
In terms of crude oil, investors took profits despite a sharp decline in US crude oil inventories, which were driven up for several days by a cold wave in the largest energy-producing state in the United States.
In terms of precious metals, COMEX gold futures rose for the first time in five sessions on Thursday, with poor economic data having a limited impact. Gold prices had been hit as bond yields rose and the dollar continued to rebound. The recent surge in Bitcoin may also cause some gold investment interest to shift to cryptocurrencies.
LME inventory
Macro focus
[China replaced the United States as the EU's largest trading partner for the first time, the Ministry of Foreign Affairs responded] "this is good news for both China and the EU." Hua Chunying said that a recent survey by the European Union Chamber of Commerce in China also shows that more than 60% of EU enterprises have indicated that they are willing to increase investment in China. All these fully reflect the strong resilience, exuberant vitality and bright prospects of China-EU economic and trade cooperation. Hua Chunying pointed out that China is willing to continue to work with the European side to promote the early ratification and entry into force of the investment agreement, so that enterprises of both sides can benefit as soon as possible.
[the rare withdrawal of money by the central bank is not a sign of tight money] the first trading day of the year of the Ox coincides with the monthly routine operation of the medium-term lending facility (MLF). The central bank announced on the 18th that the 200 billion yuan MLF operation was carried out on the same day, and the interest rate remained unchanged at 2.95%. The central bank also carried out a 20 billion yuan reverse repurchase operation, and the winning interest rate was unchanged at 2.2%. Affected by this, the overnight capital interest rate rose to a certain extent that day. However, many analysts stressed that this does not mean that a new round of "monetary tightening" process has been launched again. Judging from the performance of the market capital interest rate, although the overnight interest rate rose significantly, the weighted average interest rate (DR007) of the pledged repo funds of financial institutions with seven-day interbank deposits, which the central bank valued more, remained stable on the same day.
[policy red packets are distributed intensively, and the central government makes every effort to promote scientific and technological innovation] it has been learned from the science and technology department that in order to stimulate the vitality and enhance the innovation capability of enterprises, the state is comprehensively strengthening the construction of carriers. "A year ago, the state accelerated the layout and construction of three national technological innovation centers in the fields of high-speed trains, new energy vehicles, and synthetic biology, relying on enterprises to set up 175 state key laboratories and 189 national engineering and technology research centers. We should give full play to the role of the core carrier of high-tech zones and pay more attention to the cultivation of high-tech enterprises and the development of A person in charge of the science and technology department said.
[Shanghai makes efforts to build "five new cities" to create a new growth pole in the Yangtze River Delta] according to the Shanghai Municipal Bureau of Planning and Natural Resources, Shanghai will focus on building five new cities, including Jiading, Qingpu, Songjiang, Fengxian and Nanhui, into a comprehensive node city in the Yangtze River Delta urban agglomeration. Xu Jian, deputy director of the Shanghai Municipal Bureau of Planning and Natural Resources, said that the five new cities must also jump out of the dual spatial model of "central city + suburbs" in Shanghai, just like other cities in the Yangtze River Delta urban agglomeration. build a modern big city and the development and growth pole of the Yangtze River Delta.
[SWIFT: in January this year RMB international payment share significantly increased to maintain the fifth place in the world] according to data released by the Global Banking and Financial Telecommunications Association ((SWIFT)), in January 2021, in the ranking of global payment currencies based on amount statistics, RMB's global payment share increased significantly and remained fifth in the world.
ECB minutes: in the eurozone, more restrictive and longer-lasting blockades put pressure on short-term growth prospects. The impact of the epidemic on the economy continues to put pressure on the service sector, but manufacturing has remained resilient. There are reasons to be cautiously optimistic about the prospects for a recovery in 2021.
Today's focus
[SMM data: national mainstream copper market inventory increased by 55400 tons month-on-month] on the first day after the Spring Festival holiday, SMM national mainstream copper market inventory increased by 55400 tons to 248600 tons compared with before the festival. Among them, the copper inventory in Shanghai increased by 16300 tons to 146200 tons compared with the pre-festival period; the copper inventory in Jiangsu increased by 18500 tons to 41500 tons; the copper inventory in Guangdong increased by 14100 tons to 48200 tons; the copper inventory in Zhejiang remained unchanged from the pre-festival period, it remained at 1000 tons; and the copper inventory in Chongqing increased by 4800 tons to 6700 tons. The copper inventory in Chengdu area decreased by 1700 tons to 3200 tons compared with that before the festival. "check the details."
[SMM data: copper inventory in Shanghai bonded warehouse increased by 1000 tons during the Spring Festival holiday] according to SMM research, the copper inventory in Shanghai bonded area increased by 1000 tons to 345300 tons on the first day after the holiday, and the previous value was revised to 344300 tons. "check the details.
[national aluminum bar inventory weekly review: aluminum bar inventory accumulated to 214200 tons after the festival, an increase of 48700 tons compared with the pre-festival] during the Spring Festival, the warehouses are basically unable to get in and out. With the continuous increase in the arrival of goods, the accumulation of aluminum bar inventory continues. After the festival, the inventory of aluminum bars increased by 48700 tons to 214200 tons compared with that before the festival. The inventory of aluminum bars in the warehouses of the five places increased to varying degrees, with the largest increment of 13000 tons in Huzhou, followed by Foshan, with an increase of 12100 tons. "check the details.
[prospects for the impact of the recovery of aluminum ingots and downstream aluminum processing consumption on aluminum prices in the first quarter after the Spring Festival] at the online live conference hosted by SMM yesterday, Liu Xiaolei, director of SMM big data, brought a speech on the impact of aluminum ingot accumulation and downstream aluminum processing consumption recovery on aluminum prices in the first quarter after the Spring Festival. The speech mainly compared and analyzed the influence of the scale of aluminum ingot accumulation during the holiday, the sharing of the return to work of downstream processing enterprises such as aluminum strip / aluminum foil / aluminum profile / aluminum wire and cable after the Spring Festival, and the prospect of import and export of aluminum ingots and aluminum products in the first quarter. "look at the details of the domestic spot price and rising water price of electrolytic aluminum from February to March."
[SMM data: China's electrolytic aluminum production increased by 8.14% in January 2021 compared with the same period last year] SMM data show that China's electrolytic aluminum production in January (31) days in 2021 was 3.323 million tons, an increase of 8.14% over the same period last year. By the beginning of February, the national operating capacity of electrolytic aluminum had increased to 39.55 million tons / year, the built capacity was 43.2 million tons / year, and the operating rate of national electrolytic aluminum enterprises had increased to 91.6 percent. In January, the second phase of Chuangyuan in Inner Mongolia and the second phase of Shenhuo in Yunnan continued to release. In that month, the domestic average daily output of electrolytic aluminum was 107200 tons, an increase of 1400 tons compared with the previous month. "check the details.
[electrolytic aluminum social inventory 901000 tons] February 18, SMM statistics domestic electrolytic aluminum social inventory of 901000 tons, accumulated storage of 126000 tons during the Spring Festival, Wuxi, Nanhai and Gongyi region contributed major increments, need to continue to pay attention to the post-holiday supply and demand mismatch. "check the details.
[SMM survey: the stock of lead ingots produced by mainstream smelting enterprises increased as scheduled during the festival] according to SMM, as of Thursday, the total inventory of lead ingots in the five places reached 43400 tons, an increase of about 1200 tons compared with Wednesday before the festival, and an increase of about 1500 tons compared with Monday before the festival. "check the details.
[SMM data: the social inventory of SMM seven zinc ingots increased by 57400 tons compared with the previous festival] according to SMM, as of Thursday, the total inventory of SMM seven zinc ingots was 224500 tons, an increase of 57400 tons over last Wednesday, and an increase of 65100 tons over last Monday. "check the details.
[SMM data: zinc ingot inventory in SMM Free Trade Zone] according to SMM, as of Thursday, the inventory of zinc ingots in Shanghai Free Trade Zone was 50500 tons, unchanged from before the festival, and the previous value (February 10 inventory data) was revised to 50500 tons. During the Spring Festival holiday, the bonded warehouse basically did not enter or leave the warehouse, and the inventory remained stable as a whole. It is expected that in the future, in the case of short-term oversupply in China, it is difficult to open the import window, and some newly arrived Hong Kong goods will continue to enter the bonded area. "check the details.
[SMM forecast: rare earth multi-product prices hit a stage high when the inflection point will appear] rare earth smelting separation plants and metal plants basically return to work today and tomorrow, and generally did not reduce production during the Spring Festival, while some large magnetic materials enterprises reflect strong orders, still adhere to production during the Spring Festival, it is expected that the Spring Festival holiday will have little impact on the supply and demand of the rare earth market. At present, praseodymium, neodymium, terbium, aniseed products are hard to find in stock, and the mood of sellers continues. Some separate factories have said that futures orders have been delivered to March, and the prices of many products have reached phased highs. At the same time, how acceptable is the downstream magnetic material factory, and when the inflection point will come has attracted the attention of the industry. "check the details."
[SMM pure nickel bonded area inventory: few foreign trade during the holiday period bonded area inventory is flat] according to SMM research, on the first day after returning from the holiday, the inventory of pure nickel in Shanghai bonded area is the same as that before the holiday (February 10), still at 17600 tons. As the import window remained closed before the festival, foreign trade trading was light, while the operation of warehouses in and out of the bonded area was suspended during the Spring Festival holiday. In addition, it is reported that no forward goods will arrive in Hong Kong during the holidays, so the inventory of pure nickel in Shanghai bonded warehouse this week is flat compared with that before the Spring Festival. "check the details.
[SMM pure nickel social inventory: inventory of domestic nickel plates arriving in Shanghai and Liaoning during the Spring Festival slightly increased by about 2200 tons] according to SMM, as of Thursday, the total inventory of pure nickel in the six places was 25760 tons, up 9.29% from 2190 tons before the Spring Festival. It is reported that during the Spring Festival, almost no imported pure nickel arrived, and the increments in Shanghai are domestic nickel plates. Among them, the railway shipments of Gansu and Xinjiang smelters totaled about 2000 tons of nickel plates, all of which have arrived in Shanghai, and it is expected that all storage procedures will be completed today and tomorrow. Inventories in Jiangsu, Zhejiang, Guangdong and Tianjin are flat. The arrival of nickel in Liaoning also increased slightly due to Xinjiang. To sum up, this week, SMM's original warehouse receipt spot inventory increased by 2070 tons to 25093 tons, and SMM national pure nickel inventory increased by 2190 tons to 25760 tons. "check the details.
[SMM data: impact of 2000 tons of Nickel plates in the domestic Base after the Spring Festival on the spot Market] according to SMM, as of Thursday, the total inventory of pure nickel in the six places of SMM was 25760 tons, an increase of 9.29% compared with 2190 tons before the Spring Festival. It is reported that although nearly 2000 tons of imported nickel plates arrived at the warehouse in Shanghai this weekend, they still recorded a drop in the warehouse. Among them, most of the imports are Russian nickel flowing into the country in the bonded area, while the Norwegian nickel plate import is less than 100 tons. Domestic brands, a small amount of Jinchuan nickel for traders to pick up the goods, Xinjiang Bofeng nickel in addition to factory delivery, there are some Jiangsu warehouses transported to Shanghai for customer delivery. In terms of nickel beans, the weekly warehouse reduction of 500t to 2000 tons, basically for the user's own goods to pick up. It is expected that more than a thousand tons of Russo nickel customs clearance will enter the country next week, while logistics and delivery will be gradually tense due to the approach of the Spring Festival, when the rate of decline will slow down. "check the details.
[Port nickel ore inventory: the nickel mine inventory in all ports across the country this week decreased by 169000 tons to 7.873 million wet tons compared with last week.] on February 18, the nickel mine inventory in all ports across the country decreased by 169000 tons to 7.873 million wet tons compared with the previous week, with a total metal volume of 62100 tons. a decrease of 1300 nickel tons. Among them, the inventory of the seven largest ports in the country is 6.27 million tons, which is 169000 tons less than that on February 10.
[both steelmaking plants of TISCO have made a good start] entering the new year, the No. 1 steelmaking Plant of Taiyuan Iron and Steel Co., Ltd. closely revolves around the annual budget target, implements the production organization model centered on continuous casting, promotes lean production management in all directions, and operates efficiently and stably. Production efficiency has been greatly improved. Compared with the previous year, in January, the smelting time of carbon steel electric furnace was shortened by 7 minutes / furnace, the refining furnace was shortened by 25 minutes / furnace, and the continuous casting ratio was increased by 4.4 heats / casting times. In that month, the two production lines of carbon steel and stainless steel exceeded the monthly output target, and the output of the carbon steel production line reached the best level in the history of the whole plant. At the same time, the "two-line" cost reduction target achieved more than 120% of the budget target, and the key quality indicators continued to improve, achieving a "good start" in January production.
Important news of metals and industry
[EU launches countervailing investigation on cold-rolled stainless steel in India and Indonesia] on February 17, the European Commission announced through an official communique that it had launched a countervailing investigation on cold-rolled stainless steel plates in India and Indonesia. The investigation was applied by (Eurofer) of the European Iron and Steel Association on behalf of local stainless steel manufacturers. The investigation period of subsidy and industrial damage is from July 1, 2019 to June 30, 2020. The CN numbers of the products involved are 7219 31 00, 7219 32 10, 7219 32 90, 7219 33 10, 7219 33 90, 7219 34 10, 7219 34 90, 7219 35 10, 7219 35 90, 7219 90 20, 7219 90 80, 7220 20 21, 7220 20 29, 7220 20 41, 7220 20 49, 7220 20 81, 7220 20 89, 7220 90 20, 7220 90 80 "View details.
[SMM analysis: resume production and start up! Foshan area most steel trade businesses open a new journey for the New year] SMM ends the Spring Festival holiday ushered in the first day of work, while learning that Foshan stainless steel market in the majority of steel traders also ushered in the new journey of the year of the Ox, although the short-term after the festival, the spot market trading atmosphere is relatively calm, but there are businesses comprehensive analysis of multiple factors for the first quarter of 2021 stainless steel consumption is still temporarily optimistic. According to SMM, the stainless steel futures 2104 main contract as a whole has a slight upward trend compared with that before the festival, with the highest falling at 14940 yuan / ton, short-term post-holiday demand market support is not strong, market trading atmosphere is calm, and the temporary impact on trading price volatility is limited. "check the details.
[MMi Iron Ore Port spot Index report (18)] on the first working day after the festival, black commodities were red in a large area. Today, even the railway opened high throughout the day. The main contract I2105 rose more than 7.05% in intraday trading; the port spot market quotation in early trading was 30-35 yuan / ton higher than before the festival. Some afternoon quotations for trade continue to be raised by 5-10 yuan / ton, and there is limited room for negotiation in the afternoon. "View details.
[thread inventory report for the third week of February: inventory accumulation is in line with expectations, and both futures markets are off to a good start.] as of February 18, the national total inventory of building materials was 14.025 million tons, with a month-on-month ratio of + 40.4%, and the lunar calendar was + 4.4% compared with the same period last year. During the Spring Festival, trading stagnated and inventory accumulated at a high speed as scheduled. Especially from the point of view of the same period last year, the growth rate has narrowed rapidly, and the inventory scale is basically the same as that of the same period last year (although there was an epidemic last year, there was no demand during the festival, and the actual demand situation is generally similar.) check the details.
[SMM hot volume inventory: the opening is successful! Hot coil inventory performance is better than expected] this week, the total hot-rolled coil inventory is 4.075 million tons, + 535000 tons compared with a year ago, + 15.11% month-on-month, and + 10.74% year-on-year. During the Spring Festival holiday, hot volume inventory accumulated normally, and the growth rate was relatively optimistic. On the whole, the situation of the hot rolls of the Spring Festival this year is optimistic. On the one hand, the spot prices of the hot rolls before the Spring Festival have risen sharply, stimulating transactions; on the other hand, the start-up of the terminal during the Spring Festival this year is higher than that of previous years.
[SMM analysis: is the price of ruthenium in a price depression due to tight supply and emerging demand? It is understood that between 2019 and 2024, an estimated 40000 ships will have to install a new ballast water treatment system, (BWT), in order to continue to operate to support the demand for iridium and ruthenium-based electrolytic chlorination systems. According to the International Maritime Organization (IMO) Ballast Water Management Convention, which was implemented in September 2019, all ships weighing more than 400 gross tons are required to install a compliant and approved ballast water treatment system (BWT) by September 2024 at the latest. According to DESMI, electrolytic chlorination is the preferred method for ballast water treatment, accounting for 1/3 of the world's installed systems. It uses iridium and ruthenium coated electrodes to produce diluted sodium hypochlorite (bleach) in situ. Over time, the electrodes will degrade, creating a regular replenishment of ruthenium iridium metal.
[on the first day after the festival, the silicon factory quoted a tentative increase] yesterday, the mainstream of silicon prices was stable. The oxygen supply of 55 million silicon in East China was around 12900 yuan / ton, while the supply of 330 million silicon rose slightly to 13900 yuan / ton. On the first day of the long holiday, some silicon factories tentatively raised their quotations, while those with less supply of oxygen up slightly, while quotations for other specifications varied, while some silicon factories said that they would not quote until the market was clear. Due to the gradual return of traders and downstream to the market and the incomplete recovery of logistics, most of the inquiries have less transactions today, and when the price trend is not clear, some buyers have indicated that they will make plans to "check the details after the 15th day of the first lunar month."
[there are few quotes in the rare earth market on the first day after the SMM: Spring Festival.] yesterday morning, the number of manufacturers who offered active quotations in the rare earth market was rare, and the price was generally stable compared with that before the festival, but the overall bullish mood in the market was strong. Many smelters and traders were optimistic about the future demand and believed that the price would continue to rise. "check the details.
[short-term post-holiday manganese factory operating rate is not high manganese price is temporarily stable] yesterday, the spot factory price including tax in the mainstream area of the manganese triangle was around 15800-16000 yuan / ton, which was the same as the average price before the Spring Festival; the spot factory price including tax in Guangxi was around 16000-16100 yuan / ton, which was temporarily stable compared with the market price before the Spring Festival. On the first day after SMM started work, we learned that the overall quotation of the spot market for electrolytic manganese in various regions was not active, and some of the suspended manganese plants before the festival had no plans to resume production in the short term, but some small factories in Guangxi and Hunan had resumed production, and the spot price was basically flat and wait-and-see. In addition, domestic logistics and transportation was strictly controlled by the epidemic in a short time and did not open the whole line, so SMM believes that there is not much trading in the electrolytic manganese market in mid-February. The price of manganese is stable for the time being. "check the details."
As of December 30, 2020, the output and profit of crude copper and sulfuric acid of Yimen Copper Co., Ltd. reached another all-time high. A "double excellent" report card of output and profit was submitted for Chinalco, China Copper Co., Ltd., and Yunnan Copper Co., Ltd. The Party Committee of Yimen Copper Industry led the cadres and staff of the company to overcome the severe economic situation and the high pressure of internal safety and environmental protection brought about by the epidemic situation of COVID-19, and fully implemented the spirit of the 2020 working conference of China Copper and Yunnan Copper Industry. Closely around the "0123-year Plan" annual production and operation objectives, use live "two belts, mass entrepreneurship and innovation" projects and company-level quality improvement and efficiency improvement projects.
Recently, Anhui Tongling Nonferrous Copper Guan Metallurgical Branch adheres to the new development concept, highlighting the orientation of problems, curing both the symptoms and the root causes, strengthening systematic promotion and prescribing the right remedy to the case. we will carry out special actions to improve environmental control, accelerate the implementation of environmental protection and "5S" problems, and continuously improve the environmental quality of the park. The time limit for the special action to improve the environmental treatment of the branch is 10 months. the main implementation projects include stabilizing ultra-low emission of pellet tail gas, treatment of unorganized dust discharge, closure and renovation of open-air storage yard, standard requirements of waste gas and wastewater treatment facilities, standardized construction of hazardous waste, special promotion action of 5S management and environmental risk control, and other environmental treatment improvement projects.
In 2020, the melting and casting plant of Southwest Aluminum closely revolved around the policy and objectives, conscientiously implemented the company's decisions and arrangements, continuously improved the level of equipment management and the quality of equipment operation, and United in fighting the epidemic. With the struggle spirit of "not half a step back to difficulties, only adding splendor to victory", Southwest Aluminum melting and casting Plant made every effort to ensure the smooth progress of production and better completed various tasks. Take the problem as the guide, take the process control as the starting point, optimize and refine the management system, introduce, formulate and revise the "melting and casting plant site inspection management system" and "melting and casting plant flammable gas and toxic gas detection alarm management system" and other system measures. Through the organization of the whole to drive the individual, the individual to promote the whole way to improve the level of plant equipment management.
[WBMS: 2020 global copper market supply shortage 1.391 million tons] according to a report released Wednesday by the World Bureau of Metals Statistics ((WBMS)), the global copper market had a supply shortage of 1.391 million tons from January to December 2020, up from 383000 tons for the whole of 2019.
[1.546 million tons of excess supply in the global primary aluminum market from January to December of WBMS:2020] according to the latest report released by the World Bureau of Metals Statistics ((WBMS)) on Wednesday, the global primary aluminum market has a supply surplus of 1.546 million tons from January to December 2020 and 462000 tons for the whole of 2019. The demand for primary aluminum in 2020 will be 64.77 million tons, 422000 tons less than in 2019. The output of primary aluminum increased by 1% in 2020. The total report bank decreased slightly in December and was 110000 tons lower at the end of December than the December level in 2019. Shanghai inventories rose steadily at the beginning of the month, but fell in the second quarter to 225300 tonnes at the end of December. It was 185100 tons at the end of December 2019. LME stocks stood at 1.341 million tons, compared with 1.473 million tons at the end of 2019.
During the Spring Festival, Yunal Yixin actively docked with "3N" high-precision aluminum customers, accelerated the production of "3N" high-precision aluminum, and the average daily output increased by 75% compared with January, contributing to the achievement of the annual target task.
[Zhongzhou Aluminum New material Company optimized consumption index to reduce cost by 17.85 million yuan] in 2020, affected by the epidemic situation, Zhongzhou Aluminum New material Company organized inefficient operation. When the epidemic situation was alleviated, it quickly organized three high-yield models of clinker kilns. By internally adjusting the product structure and tapping the potential to reduce consumption and cost, the annual consumption index was optimized to reduce the cost by 17.8553 million yuan. Strengthen consciousness and reduce alkali consumption. In the production organization, the company strengthens the cost consciousness, sets up the guiding ideology of "giving priority to ingredients, the index is king, and the balance of lye concentration is the key", combines carbon master concentration with ingredients, arranges it as a whole, allocates reasonably, and accurately controls the moisture of raw meal pulp. limit to improve the production capacity of raw material grinding table
[Rio Tinto: aluminum demand will rebound in 2021] Rio Tinto (Rio Tinto) is optimistic about the outlook for the aluminum industry, but is cautious about the continued disruption of the novel coronavirus epidemic. Although aluminum demand is expected to rebound in 2021, continuing restrictions and political risks of the novel coronavirus epidemic remain, according to Rio Tinto's 2020 financial report. Demand in the transport sector was particularly weak in 2020, but demand in the packaging industry was strong, the company said. In China, due to stricter environmental measures and the depletion of domestic bauxite deposits, China continues to boost demand for seaborne bauxite.
Terminal information
[SMM topic: solid State Battery: another tuyere! In recent years, solid-state batteries are regarded as batteries that can inherit the status of lithium-ion batteries, and their energy density is expected to be 2-5 times that of current lithium-ion batteries, with longer cyclicity and life, and higher rate performance. and may essentially solve the safety problem of the existing liquid electrolyte lithium-ion battery. The market also has high hopes for solid-state batteries. Solid-state battery companies are springing up at home and abroad, and a number of well-known global car companies have announced that all-solid-state lithium batteries will be mass-produced from 2020 to 2025. In January 2021, Xilai released a solid-state battery product with a battery capacity of 150kWh, rekindling the heat of the solid-state battery. "check the details."
[SMM summary: the boom continues to improve the net profit of photovoltaic enterprises in 2020] the prosperity of the photovoltaic industry continues to improve. Recently, photovoltaic enterprises have released their 2020 performance forecasts one after another. On the whole, the net profits of most photovoltaic enterprises show a good growth rate, and some of them have a net profit growth rate of more than 100%. "check the details.
[Ford announces that only electric cars will be promoted in Europe in 2030] Ford Motor Company says all its cars in Europe will be electric vehicles by 2030. To achieve this goal, Ford will invest $1 billion over the next 30 months to transform its car assembly plant in Cologne, Germany, into Europe's first electric car plant.
[great Wall Motor plans to produce 80,000 electric vehicles in Thailand] it is reported that Great Wall Motor plans to use Thailand as its export hub in ASEAN countries and will produce 80,000 electric vehicles in Thailand in the first quarter.
[Tesla Model 3 reduced the price of the standard extended version in Japan by 16% to 4.29 million yen] Tesla Model 3 reduced the price in Japan, the standard extended version reduced by 16% to 4.29 million yen, and the long-lasting version reduced by 23.8% to 4.99 million yen.
[EV will account for nearly half of global passenger car sales in 2030] Investorideas.com, the world's leading renewable energy and financial technology stock investment consulting website, points out that innovative companies are combining electric vehicles and financial technology (including virtual currency) with a view to bringing investors and consumers into a new era in this century.
[Mercedes-Benz will launch three pure electric models EQA and EQB in China this year] Mercedes-Benz said at its 2020 results conference today that Mercedes-Benz will launch a large-scale pure electric model architecture platform in 2021 to produce new pure electric models, including the new Mercedes-Benz EQs. In addition, following the domestic production of EQC, pure electric models EQA and EQB will be put into production in Beijing Mercedes-Benz in 2021. Soon after that, EQE will also be put into production in Beijing. By 2021, there will be four Mercedes-Benz pure electric models in the Chinese market: the EQA, EQB, EQS and the EQC already on the market.
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