Honeycomb Energy released Cobalt-free Battery with a driving range of more than 800km * the first phase of the FAW annual 20GWH power battery project will be trial-produced in June.

[honeycomb Energy releases cobalt-free battery driving range of more than 800km] on May 18, Honeycomb President Yang Hongxin said at the launch of Honeycomb Energy's cobalt-free battery line that Honeycomb's cobalt-free battery achieves a vehicle mileage of more than 800km and a life of more than 15 years and 1.2 million km through single crystal cobalt-free material technology, laminated core design technology, matrix PACK design technology and vehicle specification-grade AI manufacturing. Honeycomb Energy currently has two lithium nickel manganate battery products. The first product is based on the 590 module cell design, the capacity is 115Ah, the cell energy density reaches 245Whhand kg; the feature of this product is based on the universal core size design. It can be carried on most of the new pure electric platforms at present. The second is the L6 thin cobalt-free long cell with a capacity of 226Ah, which is the first model in the world to achieve a range of 880km and is expected to be in mass production in the second half of 2021.

[Ningde time subsidiary time FAW annual 20GWH power battery project will be trial-produced in June] it is reported that the first phase of time FAW annual 20GWH power battery project aims to be trial-produced in June 2020, and the project is divided into two phases. Time FAW is a joint venture between Ningde time New Energy Technology Co., Ltd. And China first Automobile Co., Ltd. On January 31, 2019. The scope of business is the development, production, sales and related after-sales and technical consulting services of lithium-ion batteries, power batteries, super-capacity energy storage batteries and battery systems.

[strong demand for Tesla batteries or expansion of the Nevada battery plant with Panasonic] according to other sources, Panasonic's chief financial officer said that battery demand from its US partner Tesla is very strong. The two sides are currently discussing the expansion of a joint venture battery plant in Nevada, which is already profitable. "We are seeing strong demand from Tesla," Panasonic Chief Financial Officer Hirokazu Umeda said at an earnings release meeting on May 18, which exceeds the Nevada plant's current annual capacity of 35 GWh. He also revealed that he was currently in discussions with Tesla to expand the production capacity of the joint venture plant. Umeda revealed that Panasonic has been working with Tesla to develop new batteries. "in this fiscal year, we are committed to improving materials and technology," he said.

[Tesla's Shanghai plant reached its target of producing 4000 Model 3s a week at the end of June] it is reported that electric carmaker Tesla's Shanghai plant is about to reach another milestone. Tao Lin, Tesla's global vice president, said recently that the plant would reach its target of producing 4000 Model 3s a week by the end of June at the earliest.

[official update on delivery schedule of Model Yamp 3] May 18 news, it is reported that the Tesla Fremont plant officially resumed work today. At the same time, Tesla updated the delivery schedule of the Model 3 and Model Y models for the first time. The new delivery date shows that Scylla Model 3 has a delivery time of 7 weeks for 5mi, compared with a general delivery time of 8 weeks for Model 3 before the shutdown.

[234 million Ah Power Lithium Electron Battery Project signing ceremony held in Taoyuan] on May 15, 234 million Ampere Power Lithium Electron Battery Project signing ceremony of Hunan Baote Ruineng New Energy Co., Ltd. was held in Taoyuan. Hunan Bihui Enterprise Management Co., Ltd. and Hunan Baote Ruineng New Energy Co., Ltd., invested 500 million yuan in Zhangjiang Entrepreneurship Park, Taoyuan High-tech Industrial Development Zone, covering an area of 200mu, to build an annual output of 234 million Ah power lithium-ion battery project, which is divided into two phases. after the project is completed, it is expected to have an annual output value of more than 300 million yuan and provide 1000 jobs.

[Jethydrogen Technology landed in Changshu to promote the Development of hydrogen Energy Industry in the Yangtze River Delta] on May 18, Shanghai Jethydrogen Technology Co., Ltd. and the government of Changshu High-tech Zone held a signing ceremony for hydrogen energy project. The hydrogen industry cooperation between JH Technology and the government of Changshu High-tech Zone will invest in the construction of an annual production line of 2000 sets of hydrogen fuel cell power system, which is expected to achieve a cumulative output value of about 1 billion yuan in the next 10 years.

SMM Cobalt Lithium small Metal Research team

Hu Yan 021 Murray 51666809

Qin Jingjing 021 Murray 51666828

Mei Wang Qin 021 Mui 51666759

Huo Yuan 021 Murray 51666898

Wu Yang 021 51666818

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