[10.29Lithium Express] BYD rose more than 7% to hit a new high * Weimar took the initiative to recall nearly 1300 "problem cars"

[BYD rises more than 7 per cent to reach a new high and expects sales of new energy vehicles in Shanghai to rise 68 per cent in 2020 compared with the same period last year] according to news on October 29th, BYD shares rose 7.24 per cent to HK $159.90, with a latest market capitalization of HK $146.308 billion. According to Xingye's latest report, the number of minibuses in Shanghai in 2019 was 5.4 million, an increase of 290000 over the same period last year, of which 1.7 million were resident in other provinces and cities, accounting for 31% of the total stock of minibuses. At the same time, traffic restrictions and road sections are needed for daily travel. Sales of new energy vehicles in Shanghai from 2020 to 2021 are expected to reach 100000 and 156000, an increase of 68% and 56%, respectively, compared with the same period last year. The demand for some foreign brand conversion is expected to contribute 16000 increments next year, and the demand for new energy vehicles will continue to grow by + 40%.

[Tesla launches UK energy plan to promote large-scale "virtual power plant" project] it is reported that electric car maker Tesla has launched a British energy plan, which may include the launch of a large "virtual power plant" project. The energy plan applies to Tesla's Powerwall, solar panels and solar roof products. Tesla's Powerwall allows homeowners to store electricity generated by solar panels or during off-peak hours for household use or to charge electric cars.

[Volkswagen new energy vehicle layout acceleration MEB industry chain company is expected to benefit] FAW-Volkswagen News, based on MEB (pure electric vehicle modularization) platform to build ID.4 CROZZ recently offline, November 3 will be released. In addition, the MEB platform factory with an investment of 17 billion yuan by Volkswagen Group was completed and put into production in Shanghai on the 27th of this month. Volkswagen electrified in-depth layout accelerated. Deutsche Bank expects Volkswagen to overtake Tesla to become the world's largest electric car maker by 2022. The Volkswagen MEB platform locates the middle and low-end models, and the MEB model is expected to become a popular style. Domestic companies in the upper and lower reaches of the industrial chain will benefit, including precision forging technology, Guoxuan Hi-Tech and so on.

[the registered capital of Xiaopeng Auto's self-built factory increased by 200% to 1.5 billion yuan] according to the APP, on October 28, Zhaoqing Xiaopeng Automobile Co., Ltd. changed its registered capital from 500 million yuan to 1.5 billion yuan, an increase of 200%. The new business scope includes non-residential real estate leasing, machinery and equipment leasing, and warehousing equipment leasing services.

[Weima took the initiative to recall nearly 1300 "problem cars" battery suppliers to ZTE High Energy] on October 27th, the State Administration of Market Supervision and Administration issued an announcement that Weima Automobile Manufacturing Wenzhou Co., Ltd. (hereinafter referred to as "Weima") decided to recall some 2020 Wilmaster electric vehicles manufactured from June 8, 2020 to September 23, 2020, which were equipped with ZNP3914895A-75A power batteries. A total of 1282. Vehicles within the scope of this recall due to the battery suppliers mixed with impurities in the production process, resulting in abnormal lithium evolution of power batteries. In extreme cases, it may cause the cell short circuit, cause the power battery to get out of control and cause the risk of fire, and there is a hidden danger of safety. Weima officials then issued a note saying that Weima will replace battery packs of other battery brands free of charge for vehicles within the scope of the recall through authorized dealers to eliminate possible risks and ensure the safety of users and vehicles.

[Funeng Technology: the company becomes the power battery supplier of brilliance Xinri W32H project] Funeng Technology announcement, the company recently received a fixed-point agreement from brilliance Xinri New Energy vehicle Co., Ltd., regarding the company as the power battery supplier of its W32H project. According to customer planning, the minimum sales volume of 100000 units in five years will be achieved in the life cycle of the project, and mass production will begin by the end of 2020.