[Ningde Times plans to invest no more than 10 billion yuan to build a power battery manufacturing base] Ningde Times said in an exchange announcement this morning that in order to further promote the layout of production capacity, the company plans to invest in the construction of a power battery manufacturing base in Yibin City, Sichuan Province. The total investment in the project does not exceed 10 billion yuan. The source of funds is for enterprises to raise their own funds. The construction of the project is divided into two phases, the first phase of the project will not exceed 26 months from the beginning of the construction, and the second phase of the project is scheduled to start within two years after the first phase of production.
[research says the new lithium-ion battery has a life span of millions of miles, Tesla may produce] A new study released recently by researchers who reached a partnership agreement with Tesla said that the new lithium-ion battery it has developed can provide more than 1 million miles of total mileage for electric vehicles. Tesla also applied for a patent for a new type of battery. The batteries it developed are suitable for self-driving taxis and long-distance electric trucks, the team said. The figure of 1 million miles is more than twice the current battery life of Tesla.
[Weilai expects gross profit margin to remain negative this year] on the evening of Sept. 25, Weilai management said at a second-quarter earnings exchange that it expected the gross profit margin to remain negative this year. At the meeting, Wei Lai clarified rumors that he had lost $5.7 billion over the previous four years, saying that the current loss was actually 20 billion yuan. The financial report showed that the company lost 3.285 billion yuan in the second quarter. Referring to the company's sharp decline in profit margins in the second quarter, Weilai said the car recall was an important reason for the sharp decline in profit margins.
[Lithium Americas cuts Thacker Pass lithium production plan] Lithium Americas is recently considering cutting production plans for the Thacker Pass lithium project by 1/3. At present, the company has launched a confirmed feasibility study on the first stage of (DFS), lithium carbonate equivalent (LCE) with an annual production capacity of 20, 000 tons.
[BMW Thailand makes batteries for local models] it is reported that BMW Group will work with DR XLMAIER Group to launch the production of high voltage battery modules and battery packs in Thailand. DR XLMAIER Group has been a partner of BMW Group since 1966 and one of BMW's longest suppliers.
[Yongxing Materials: lithium Power New Energy Project will enter the trial production stage] Yongxing material announcement, a wholly owned subsidiary Yongxing New Energy annual production of 10,000 tons of battery lithium carbonate project has now completed the construction of the main body of the project and equipment installation, commissioning, and the trial production plan has been reviewed and approved by experts, will enter the trial production stage.
[Jianrui Warner and Aerospace Burke will supply Watma batteries to China Tower] on September 23, Jianrui Warner issued an announcement saying that in order to strengthen the market channel development cooperation between the two sides in lithium power application integrated solutions and related products, promote the development of various businesses on both sides. Jian Rui Woneng Co., Ltd. and Aerospace Burke (Guangdong) Technology Co., Ltd. signed the "Strategic Cooperation Framework Agreement" to form a comprehensive strategic cooperation relationship.
[Tesla began mass production of batteries for its Model 3 model at its Shanghai super factory] LG Chemical (LG Chem) last week began "mass production of batteries for Tesla Model 3 electric vehicles at its Nanjing plant in China," according to LG, citing South Korean media the Elec. It is worth noting that the Model 3 made in China will use NCM batteries produced by LG chemistry. Tesla uses both NCA and NMC batteries, but Tesla uses NCA batteries in electric cars and NMC batteries in fixed energy storage products, such as Powerwalls and Powerpacks. If the South Korean media report is accurate, this will be the first time Tesla has used NMC batteries in his car.
SMM Cobalt Lithium small Metal Research team
Hong Lu 021-51666814
Qin Jingjing 021-51666828
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