BYD officially entered the German market: it won an order for 22 12-meter pure electric buses. Recently, BYD announced that it had won an order for 22 12-meter pure electric buses in Germany. This order comes from BOGESTRA, a public transport operator in Ruhr, Germany, which also marks BYD's official entry into the German market. The 22 pure electric buses are expected to be delivered in the summer of 2020 and will be put into operation on route 354 in Bochen, Germany, route 380 in Gelsenkirchen and the Hearn region. This batch of buses carry up to 80 passengers, high performance and long voyage, after a single charge, the mileage can still exceed 200 kilometers under the condition of air conditioning on.
[the import and export volume of China's new energy vehicles increased from January to May this year, totaling 141800 units] according to Chinese customs statistics, the import and export scale of China's new energy vehicles is showing a trend of expansion. From January to May 2019, China's total import of new energy vehicles reached 61900, with a total import value of 2.43 billion US dollars, and 79900 new energy vehicles were exported, with a total export value of 260 million US dollars. Among them, the imported models are mainly non-plug-in hybrid cars and off-road vehicles, while the exported models are mainly pure electric cars and off-road vehicles.
[Volkswagen began testing lithium batteries on its own production line] A few days ago, Volkswagen said it had opened a power battery test line at (Center of Excellence), a centre of excellence in Salzgit, Germany, with about 300 experts involved in the development, which is seen as another milestone in Volkswagen's foray into the electric car market. In the future, Volkswagen will build a complete battery manufacturing plant here with Swedish startup NorthVolt.
[Weilai Automobile's second quarter revenue 1.508 billion yuan net loss 3.285 billion yuan] on September 24, Weilai Automobile reported second quarter revenue of 1.508 billion yuan, with the market expected to reach 1.309 billion yuan, compared with 46 million yuan for the same period last year. The second quarter attributable to a net loss of 3.285 billion yuan for shareholders, the market is expected to lose 2.944 billion yuan, compared with a loss of 6.11 billion yuan in the same period last year.
[LG Chemical started producing batteries in Nanjing to supply Tesla Shanghai Factory] according to the latest news, LG Chemical, one of the global lithium battery manufacturing giants, has begun mass production of 2170 lithium batteries used in Model 3 at its factory in Nanjing, China. According to reports, LG Chemical is producing "NCM 811" batteries for Tesla Model 3, which have a nickel content of more than 80 per cent.
Honda plans to stop selling diesel vehicles in Europe in 2021 and fully electrify them in 2025. Honda said on September 24 that it plans to phase out all diesel vehicles in Europe by 2021 and switch to electric propulsion systems. all cars sold in Europe will be electrified by 2025.
German Chancellor Angela Merkel said on Sept. 20 that Germany had planned to own more than a million electric cars by 2020. Greenhouse gas emissions may not be 40 per cent lower than in 1990, German Chancellor Angela Merkel said on September 20 that Germany had planned to own more than a million electric vehicles by 2020. Greenhouse gas emissions may not be met. At the same time, the German government has released a separate Climate Protection Plan 2030, which plans to reduce greenhouse gas emissions by 55 per cent from 1990 by 2030 and meet the target of 6 million electric vehicles on the road. To complete Germany's "climate protection plan 2030", Merkel proposed a series of policies to save energy and reduce emissions, which would cost as much as $60 billion.
[Huayu Cobalt Industry abandoned the merger and acquisition of Bamo Technology to buy 15.68% stake in Huayu Quzhou] Huayu Cobalt Industry (603799) issued a notice on September 19, saying that the company had adjusted the assets and trading parties that won the original restructuring plan. Before the adjustment, the company intends to acquire 100% equity interest in Bamo Technology (3.2 billion yuan) and 15.68% equity interest in Huayu Quzhou (862.4 million yuan), and raise no more than 3.2 billion yuan of matching funds. After the adjustment, the company intends to acquire 15.68% equity interest in Huayu Quzhou (priced at 805 million yuan) and raise no more than 800 million yuan in supporting funds. Issue price from the original 32.24 yuan / share, adjusted to 23.60 yuan / share. After the completion of the transaction, listed companies will hold 100% stake in Huayu Quzhou.
SMM Cobalt Lithium small Metal Research team
Hong Lu 021-51666814
Qin Jingjing 021-51666828
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