[LG plans to increase annual production capacity of its Nanjing factory and hopes to become a major battery supplier to Tesla] Tesla partner LG wants to become a major battery supplier to electric car manufacturer Tesla and is seeking to expand its No. 2170 battery production line at its Nanjing plant. In order to vigorously develop the battery business, seize the development opportunity of electric vehicle battery, and enhance the value of the company and its shareholders, South Korean power battery company LG Chemical (LG Chem) spun off its battery business.
[proposal of Shanghai's 14th five-year Plan: promote green and low-carbon development with greater determination] the proposal of the Shanghai Municipal CPC Committee on the formulation of the 14th five-year Plan for Shanghai's national economic and social development and the long-term goals for the year 2035, vigorously promote the intelligent and green upgrading of iron and steel, petrochemical and other key industries, and speed up the transformation and development of key areas such as Taopu, Nanjing University, Wusong, Gaoqiao, wujing, Jinshan Binhai, etc. Actively explore connotative, intensive, green and high-quality land use models. We will give priority to making the energy conservation and environmental protection industry bigger and stronger, continuously promote the optimization of the energy structure, promote the green transformation of key industries and areas, speed up the cultivation of new growth points that meet the requirements of green development, and extend the industrial chain of the green economy. We will comprehensively promote new energy vehicles in the public domain, promote the construction of charging piles, replacement power stations and hydrogen filling stations, advocate low-carbon green travel, and speed up the construction of a green transportation system suited to mega-cities.
[Yiwei Lithium Energy plans to introduce SKI, into Battle Investment through debt-to-equity swap.] Yiwei Lithium, a leading domestic lithium power company, will introduce South Korea's leading power battery company SKI through debt-to-equity swap as a battle investment. On December 9, Huizhou Yiwei LiNeng Co., Ltd. announced that in order to seek greater development, the company intends to introduce South Korea's SK Innovation Co., Ltd. as a strategic investor by way of debt-to-equity swap. the company signed a "debt-to-equity contract" with Yiwei Jineng and SKI, and signed a "Yiwei JNeng joint venture contract" with SKI.
[slick: plans to invest 280 million yuan in the construction of automobile power lithium-ion battery shell project] Shrek announced that the company signed a "Strategic Cooperation Agreement" with the Management Committee of Changzhou West Taihu Lake Science and Technology Industrial Park (hereinafter referred to as "Changzhou West Taihu Lake Management Committee"). The agreement stipulates that the company plans to invest in the construction of automobile power lithium-ion battery shell project in West Taihu Science and Technology Industrial Park, with a total investment of 280 million yuan and covering an area of about 50 mu. The Changzhou West Taihu Lake Management Committee agreed to provide Shrek with about 50 mu of land and the standard leased plant needed for the production of the project during the transition period in accordance with the policy standards.
[Xiaopeng Motor raised US $2.16 billion, the largest initial public offering in the history of China.] Today, Xiaopeng Motor announced that it would issue 48 million additional US stock pricing depositary shares ((ADS)). Each ADS represents two Class A common shares of the Company at a public offering price of US $45 per ADS and is proposed to raise US $2.16 billion, which is the largest initial public offering in the history of Chinese stocks. If the underwriter fully uses the green shoes, the amount raised will reach 2.484 billion US dollars. The underwriter will have a 30-day option to purchase a total of up to 7.2 million shares of ADS from the company. According to the usual closing conditions, the issue is expected to end on December 11, 2020.
[brilliance BMW's November sales rose 6.5 per cent year-on-year] brilliance BMW's November sales information was obtained from the passenger association. Brilliance BMW sold 54183 vehicles in November, up 6.5 per cent from January to November to 550168, up 12.6 per cent from January to November.
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