Xin Guobin: define the development path of China's new energy vehicles, and the Ministry of Industry and Information Technology took the lead in preparing the new energy vehicle industry plan. Xin Guobin, vice minister of industry and information technology, attended and spoke at the 2019 World New Energy vehicle Conference. Xin Guobin stressed: in order to further clarify the development path and policy support of new energy vehicles, gather industry consensus, and strengthen development confidence, with the approval of the State Council, the Ministry of Industry and Information Technology took the lead in the preparation of the "New Energy vehicle Industry Development Plan (2021-2035), through in-depth research and discussion on major topics, to study and formulate industrial policies that stimulate the driving force and vitality of independent innovation of enterprises. It is necessary to better realize the good cycle and sustainable development between the popularization and application of new energy vehicle technology innovation and environment, resources and society.

[up to 25000 yuan in subsidies] affected by the decline of subsidies, Weilai recently announced the latest subsidy standards for car purchases. From July 1, 2019, individual users who buy ES8 and license before December 31 will receive a subsidy of up to 20, 000 yuan, and individual users who buy ES6 and license before December 31 will receive a subsidy of up to 25000 yuan. At the same time, for the users of the first commemorative version / performance version of ES8 and ES6 from July to September 2019, Weilai Automobile also provides three kinds of time-limited financial car purchase schemes.

[new Design BAIC New Energy EC5 goes on sale on July 13] A few days ago, we learned from BAIC New Energy officials that its small pure electric SUV--EC5 will go on sale on July 13. The new car, which has been unveiled at the 2019 Shanghai Motor Show, can be seen as a modified model of BAIC's new energy EX360, after BAIC New Energy adopts the name of the new product sequence. At the same time, officials say the new car will provide quality assurance for eight years and 150000 kilometers in the future.

After three years, Chery New Energy has once again ignited its "dream of going public." [Chery New Energy may be landing on the board] three years later, Chery New Energy has once again ignited its "dream of going public." Qixinbao shows that a few days ago, Chery New Energy vehicle Technology Co., Ltd. has changed its name to "Chery New Energy vehicle Co., Ltd.", and the main body of the market has been changed from "other limited liability companies" to "other joint stock limited companies." Behind the change of name is that Chery New Energy is seeking an independent listing.

[delivery record / stock rose, Tesla delivered 95200 new cars in the second quarter] recently, Tesla said that in the second quarter of 2019, the company produced 87048 vehicles, an increase of 12.9 percent over the first quarter, and delivered 95200 vehicles, an increase of 51 percent over the first quarter and 133.5 percent over the same period last year. Among them, the production of, Model S and Model X was 14517 vehicles, the delivery volume was 17650 vehicles, and the production capacity of Model 3 was 72531 vehicles, and the delivery volume was 77550 vehicles. Tesla officials said more than 7400 customer vehicles were shipped at the end of the quarter. This broke the record for Tesla's highest delivery of 90700 vehicles in the fourth quarter of 2018.

[continental Group shows 48V High Power Hybrid Technology] A few days ago, auto parts manufacturer Continental Group of Germany unveiled the latest 48V high power drive system with power up to 30kW. The new system consists of a motor, integrated power electronics and batteries designed to reduce energy consumption. Mainland engineers have successfully developed a 48V hybrid system that functions similar to high-voltage electric drive (48V high-power) technology. With the new 48V high-power technology, the functionality of the hybrid system remains the same, but the core component is a new water-cooled motor whose peak output doubles to 30kW.

[Geely and Baidu strategic cooperation strongest AI enabling the strongest car to lead the new intelligent travel experience] July 3, "Baidu Create 2019" Baidu AI developer conference kicked off at the Beijing National Convention Center. Li Shufu, chairman of Geely holding Group, attended the scene in person and announced jointly with Robin Li, founder, chairman, and chief executive of Baidu, that Geely Holdings and Baidu will carry out comprehensive strategic cooperation on the application of AI technology, such as intelligent network association, intelligent driving, smart home, and e-commerce, in the field of automobile and travel, jointly study and explore "the strongest car + the strongest AI," and join hands to accelerate the large-scale popularization of smart vehicles in China. Lead the global intelligent travel experience.

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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