Volkswagen acquires Guoxuan Hi-Tech * Zhongbei Runliang invests 7 billion yuan in Huaibei to build lithium new energy industry base.

It's settled! Volkswagen buys Guoxuan Hi-Tech] on the night of May 28, Guoxuan Hi-Tech announced the results of the equity transfer. According to the announcement, Volkswagen (China) Investment Co., Ltd. will hold a total of about 440 million shares of the company, accounting for 26.47% of the total share capital, making it the largest shareholder of the company, while Li Gong, the former largest shareholder, and his concerted actors will hold about 303 million shares of the company, accounting for 18.20% of the total share capital, and "retiring" as the second largest shareholder of the company. Specifically, Volkswagen China will enter Guoxuan Hi-Tech through non-public offering and share transfer. According to the rough calculation of the plan, Volkswagen China spent 74.06-8.712 billion yuan.

[Xilai's total revenue in the first quarter of 2020 fell 15.9% from the same period last year.] on May 28, Xilai released its results for the first quarter of 2020, with quarterly revenue of 1.372 billion yuan, down 15.9% from the same period a year earlier, higher than Bloomberg analysts' expectations of 1.287 billion yuan. The net loss was 1.6918 billion yuan, down 35.5% from the same period last year. The gross profit margin is-12.2%. As of March 31, 2020, cash and cash equivalents, restricted cash and short-term investments are 2.3974 billion yuan.

[Zhongbei Runliang invested 7 billion yuan in Huaibei to build lithium new energy industrial base] recently, Zhongbei Runliang lithium new energy industrial base project officially settled in Huaibei High-tech Zone. The first phase of the project is a major project with an investment of 1 billion yuan and a total investment of 7 billion yuan. Sun Jie, general manager of Zhongbei Runliang New Energy Automobile Co., Ltd., said that Huaibei High-tech Zone has a very good foundation of lithium power industry. on this basis, we will concentrate most of our resources here and strive to build an annual lithium battery manufacturing platform for 4GWh modules and an annual production platform of 100000 sets of new energy automobile motors. A manufacturing platform with an annual production capacity of 100000 sets of new energy vehicle electronic control system.

[* ST Lion: sign a strategic cooperation agreement with Jianrui Woneng] * ST Lion announced that the company signed a "Strategic Cooperation Agreement" with Shaanxi Jianrui Woneng Co., Ltd. on May 28th, 2020, and the two sides intend to give full play to their respective advantages and cooperate together to carry out in-depth cooperation in power battery manufacturing, energy storage system manufacturing and other aspects.

[GAC Group self-developed graphene battery mass production at the end of this year] recently, GAC Group said on the interactive platform that the mass production and research and development of graphene battery is expected to move from the laboratory to the real car by the end of this year, and has not yet entered the stage of formal car testing. The super fast-charging battery developed by graphene material can charge the battery to 85% in just 8 minutes, which is equivalent to the refueling time of traditional fuel-fueled cars.

[LG Chemistry will supply batteries worth trillions of won to Hyundai Kia] it is reported that LG Chemistry will supply batteries worth trillions of won to Hyundai Kia Automobile Group. Hyundai Kia has chosen LG Chemical as its second battery supplier for E-GMP, its dedicated platform for electric vehicles, which will be in mass production from 2021. This is Hyundai Kia's second battery order, after the company chose SK Innovation as its first supplier to supply batteries from the end of 2021, while LG Chemistry will supply them from 2022.

[mileage can reach 418km Mercedes-Benz EQV Europe] recently, Mercedes-Benz's pure electric MPV-- Mercedes-Benz EQV, has been sold in the European market. The car is available in both standard wheelbase and long wheelbase versions with a starting price of 71388.1 euros (about 560000 yuan) in Europe. The new car is the second model of the Mercedes-Benz EQ series, equipped with 100kWh (available capacity for 90kWh) battery pack and pure electric mileage for 418km.

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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