The Ministry of Industry and Information Technology revises the regulations on the access management of new energy vehicles * the number of new energy vehicles in Beijing will reach 400000 in 2020.

[lower barriers to entry: Ministry of Industry and Information Technology modifies regulations on access Management of New Energy vehicles] on July 30, the Ministry of Industry and Information Technology issued a decision on revising the regulations on access Management of New Energy vehicle Manufacturing Enterprises and products, which will enter into force on September 1, 2020. The new access regulations delete the requirement for "design and development capability" for new energy vehicle production enterprises to apply for access, adjust the time for new energy vehicle production enterprises to stop production from 12 months to 24 months, and delete the interim provisions on the transitional period for new energy vehicle production enterprises to apply for access.

[Beijing Urban Administration Commission: the number of new energy vehicles in the city reached about 400000 in 2020] recently, the Beijing Municipal Urban Administration Commission issued the "work Plan for promoting the reduction and Development of Automotive Diesel fuel in 2020". New and updated public transport, rental, sanitation, postal, commuter, light logistics and other vehicles basically use electric vehicles. By the end of the year, postal services, urban express delivery and light sanitation vehicles (less than 4.5 tons) will be basically electric vehicles. The buses used in the central urban areas and urban sub-centers are basically electric vehicles, and the buses in the second Ring Road are the first to be electrified. The number of new energy vehicles in the city has reached about 400000. At the same time, carry out the policy research on the promotion and application of new energy vehicles in the next stage for diesel trucks.

[Anada: plans to increase capital and shares of the holding subsidiary for the construction of 50kt/a battery-grade iron phosphate project] Anada announcement, in view of the future development prospects of lithium iron phosphate market, it is proposed to increase capital and shares of Tongling Nayuan, a holding subsidiary, for the construction of 50kt/a battery-grade iron phosphate project. The total amount of this capital increase is 77 million yuan. After the capital increase is completed, the registered capital of Tongling Nayuan has increased to 119 million yuan, and the original shareholders intend to agree to invest in it in the same proportion. The proportion of shareholders' contribution remains unchanged, and the proportion of the company's contribution is still 70%.

[Panasonic plans to increase the energy density of Tesla batteries by 20% for 2-3 years commercial cobalt-free batteries] Yasuaki Takamoto, head of Panasonic's electric vehicle battery business in the United States, said the company plans to increase the energy density of the "2170" batteries supplied to Tesla by 20% within five years, and to commercialize cobalt-free batteries within "2 to 3 years."

[Anhui New Energy vehicle Power Battery Recycling Industry Alliance was formally established] on the morning of July 29, 2020, the founding meeting of Anhui New Energy vehicle Power Battery Recycling Industry Alliance was held in Hefei. The Congress examined and adopted the articles of Association of Anhui New Energy vehicle Power Battery Recycling Industry Alliance, and elected Hefei Guoxuan Hi-Tech Power Energy Co., Ltd. as its director. Anhui Jianghuai Automobile Group Co., Ltd., Chery New Energy Automobile Co., Ltd., Hefei Changan Automobile Co., Ltd., China Iron Tower Co., Ltd. Anhui Branch, Anhui Luwo Recycling Energy Technology Co., Ltd., Anhui Nandu Huapin New Materials Technology Co., Ltd., Anhui Green Energy Technology Research Institute Co., Ltd. and other seven units as vice chairmen, Anhui Green Energy Technology Research Institute Co., Ltd. concurrently served as the secretary-general unit, the first batch of 43 alliance director units, elected chairman, vice-chairman of the unit representatives made a speech at the meeting. Anhui Province started early in the new energy vehicle industry, and built a relatively complete industrial system. At present, the production and sales of new energy vehicles in Anhui Province account for nearly 13% of the overall national market. In 2018, seven ministries and commissions approved Anhui Province as a pilot province for the recycling of batteries for new energy vehicles.

[ideal car listed on NASDAQ] on the evening of July 30, ideal Automobile officially landed on NASDAQ and listed on NASDAQ in the United States, and the stock was represented by "LI". The company became the second domestic new car maker to be listed in the United States after Weilai Automobile. It is reported that ideal Motor's IPO price is $11.50 / ADS,. A total of 95 million American depositary shares were issued with a pre-market value of $9.724 billion in (ADS),. It is worth noting that ideal Motor ended its offering early after the launch of the IPO subscription, raising more than $950 million on July 28 and priced higher than the original pricing guidance range. As a result, the IPO process of the ideal car can be completed one day ahead of schedule.

[GM or give up electric cars] on July 29th GM CEO Mary Bora (Mary Barra) said that "nothing is impossible" to maximize the value of electric vehicles, including the divestiture of electric vehicle assets.

SMM Cobalt Lithium small Metal Research team

Hu Yan 021-51666809

Qin Jingjing 021-51666828

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