China Automobile Association: it is expected that the supply of automotive chips in the second quarter will be the most tight by the end of the third quarter. * Shengxin Lithium Energy: the company's existing production capacity of lithium carbonate and li

[Ministry of Commerce: sales of new energy vehicles in China increased by more than 70% in the first quarter compared with the same period in 2019] data released by the Ministry of Commerce on April 15 show that China's automobile consumption potential continued to be released in the first quarter. New car sales, car export volume, second-hand car trading volume, scrapped motor vehicle recycling and other indicators all exceeded the level of the same period in 2019, and the sales of new energy vehicles increased by more than 70% over the same period in 2019.

[Nissan will cut Japanese production due to chip shortages in May] according to foreign media reports, on April 15, three people familiar with the matter revealed that Nissan will cut production at several factories in Japan next month, the latest blow to Nissan caused by the global semiconductor shortage. The company's plant in (Kyushu), Kyushu, southern Japan, will stop production for eight days between May 10 and May 19, the source said. The factory is responsible for the production of Serena minivans, X-Trail SUV and other models.

[Shengxin Lithium Energy: the company has a capacity of 25000 tons of lithium carbonate and 15000 tons of lithium hydroxide, respectively.] Shengxin Lithium Energy said on the interactive platform that the company's current production capacity of lithium carbonate and lithium hydroxide is 25000 tons and 15000 tons, respectively. Some of the capacity built in the fourth quarter of last year was released in the first quarter of this year, while the rest of the production line was saturated. The price of the company's products fluctuates with the market. Through its subsidiary Suining Shengxin, the company is expanding its production capacity with an annual production capacity of 30,000 tons of lithium salt, and the first phase of the lithium hydroxide project is scheduled to be completed in the fourth quarter of 2021. For the supply of spodumene raw materials, on the one hand, the company will make every effort to protect the production of its own mine Oinuo Mining, on the other hand, the company has signed an off-take agreement with overseas lithium resources enterprises such as Galaxy Lithium Industry, at the same time, the company is also continuing to strengthen its attention and cooperation on mining resources at home and abroad, continue to maintain and deepen the strategic cooperative relationship with international first-class lithium resources companies, and guarantee the supply of raw materials in all directions through various channels.

[Zhongsheng Holdings: plans to establish a strategic partnership with Xiaopeng on intelligent electric vehicles] Zhongsheng holding: the board of directors is pleased to announce that on April 16, 2021, the company and Xiaopeng will gradually establish a long-term strategic partnership through the integration of the Group's sound national distribution network and expertise as well as Xiaopeng's industry-leading intelligent electric vehicle products, Further accelerate the application of intelligent electric vehicles in China.

[Guoxuan Hi-Tech: net profit increased by 192.02% last year] Guoxuan Hi-Tech released its 2020 results KuaiBao: realized net profit of 150 million yuan, an increase of 192.02% over the same period last year. During the reporting period, in close cooperation with SAIC GM Wuling, Geely, Changan, Jianghuai Automobile, Chery Automobile and other vehicle companies, while actively expanding the field of light electric vehicles and energy storage applications, the company's sales revenue further increased.

[Chen Shihua, Deputy Secretary-General of the China Automobile Association: it is expected that the shortage of automotive chips in the second quarter may be alleviated by the end of the third quarter] recently, the 2021CIAS China International New Generation Automotive Power Semiconductor Technology Summit Forum was held in Shanghai. Chen Shihua, deputy secretary general of the China Association of Automobile Manufacturers, said at the meeting that in the next six months or even nine months, the problem of mismatch and imbalance between supply and demand will persist. It is expected that the supply of automotive chips will be tight before and after loosening in 2021. The most tense period occurs in the second quarter and may begin to ease at the end of the third quarter.