[Beijing cancels municipal financial subsidies for pure electric vehicles from 26 June] the Beijing Municipal Science and Technology Commission, the Municipal Economic and Information Bureau, the Municipal Finance Bureau, the Municipal Urban Administration Commission, and the Municipal Communications Commission issued a notice on June 26 on adjusting the relevant contents of the "Beijing measures for the Popularization and Application of New Energy vehicles," announcing the abolition of municipal financial subsidies for pure electric vehicles. The notice modifies the third article of the original "Beijing Municipal measures for the Promotion and Application of New Energy vehicles" as follows: this Municipality encourages the purchase and use of new energy vehicles, pure electric vehicles (except pure electric buses, pure electric sanitation vehicles, pure electric vehicles purchased by administrative institutions using financial funds) shall arrange municipal financial subsidies in accordance with the ratio of 1 to 0.5 between the central and local governments. With effect from June 26, municipal financial subsidies for pure electric vehicles will be abolished. Fuel cell vehicles shall be allocated municipal financial subsidies in accordance with the ratio of 1 to 0.5 between the central and local governments. If the central policy is adjusted, the corresponding policies of this Municipality shall be formulated separately in accordance with the central policy. This Circular shall enter into force on 26 June this year and shall be valid until 31 December 2020.
[Huada Technology: plans to reduce its pre-increased net profit of Ningde Times by 36 million yuan] Huada Technology (603358) announcement: the company plans to timely sell 1507881 shares of Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as "Ningde Times", stock code: 300750) by way of centralized bidding. According to the preliminary calculation of the company, it is estimated that the net profit of the company which belongs to the shareholders of the listed company in 2019 is about 36 million yuan.
[Wema EX5 new models on the market subsidy after the sale of 139800 yuan / extended 400km] June 26, Waima EX5400 Mate version of the model on the market, vehicle subsidies after the price of 139800 yuan. The shape and power equipment of the vehicle have not changed, only the configuration has been adjusted. It is reported that the new car will replace the original Entry discovery version 300 models, Wema EX5 new entry version of the model. The car is equipped with a permanent magnet synchronous motor with maximum power 160kW, with a peak torque of 315Nm and a mileage of 400km.
[Nine cities continue to refinance $50 million to advance the joint venture with FF] on June 24, US time, the ninth city of Internet companies submitted a public offering statement (F 1) to NASDAQ, planning a second public offering on NASDAQ. According to the prospectus, the underwriter of the deal is the Maxim Group of the United States (Maxim Group LLC), public offering set a limit of $50 million, while Nine cities are also promoting private equity and other financing methods. According to investment bank analysis, nine cities in the future will be in line with the stock price and corporate milestones, a number of public offerings in phases. Sources close to Nine cities said the fund-raising may be related to the joint venture between Nine cities and FF.
[Ningde era: investment in European production and research bases will be expanded] on 25 June, Ningde era issued a statement saying that according to the development of overseas business and changes in market demand, the company will further deepen the strategic industrial layout of the globalization of the company. The company examined and adopted the "Bill on increasing Investment in European production and Research Base projects," and agreed to expand the scale of investment in European production and research base projects. After the increase, the total investment in the project will not exceed 1.8 billion euros.
[cool BYD e-SEED GT SPYDER exposure] A large scale design model of BYD e-SEED GT SPYDER concept car was discovered at the inauguration ceremony of BYD's new design center a few days ago. BYD e-SEED GT concept car (hard top) was officially launched at the 2019 Shanghai Motor Show. Although the exposed convertible model is not a real car, the detailed design model still shows us the appearance of the new car and the design of the interior. In addition, BYD e-SEED GT and e-SEED GT SPYDER currently have no mass production plan, BYD said the new car is currently in the research stage, the future mass production plan is unknown.
[establishment of Hanjiang Fund Dongfeng to foster the development of new energy industry] Dongfeng Automobile Co., Ltd. (stock code: 600006; (Dongfeng shares) according to a recent announcement, Dongfeng shares intend to use their own funds to jointly set up Xiangyang Dongfeng Hanjiang New Energy vehicle supply chain Fund Partnership with Beijing Ruihe Xinye Investment Co., Ltd. (hereinafter referred to as: Beijing Ruihe) and Hanjiang Investment Holdings Co., Ltd. (hereinafter: Dongfeng Hanjiang Fund). Dongfeng Hanjiang Fund is mainly used to support Dongfeng new energy vehicle sales, focusing on supporting Dongfeng new energy vehicle operation projects.
[Lightyear shows solar electric vehicles can last 725km] according to foreign media reports, Lightyear, which has won many solar challenges, has released a solar-powered electric vehicle called Lightyear One. The company claims the, Lightyear One has an astonishing 450 miles (725km) on a single charge.
SMM Cobalt Lithium New Energy Research team
Hu Yan 021 51666809
Hong Lu 021 51666814
Ning Ziwei 021 51666780
Qin Jingjing 021 51666828
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