[10.10 Lithium Power Express] General Administration of Market Supervision: new energy vehicles have to be reported within 12 hours of fire * the production and sale of new energy vehicles is still 600000 units away from the target for the whole year.

Published: Oct 10, 2019 10:09

[general Administration of Market Supervision: new energy vehicle enterprises report basic information within 12 hours after the accident] on October 9, the State Administration of Market Supervision and Administration issued the Supplementary Circular of the quality Development Bureau of the State Administration of Market Supervision on further standardizing the accident report of New Energy vehicles. New energy vehicle enterprises should report the basic information of the accident within 12 hours after the accident; If casualties or significant social impact are caused, they shall be reported within 6 hours after the occurrence of the accident.

[lithium battery supplier Cologne Sineng Chuangke is expected to raise 613 million yuan] recently, the official website of the Shanghai Stock Exchange showed that Henan Cologne New Energy Co., Ltd. (hereinafter referred to as: Cologne New Energy) Science and Technology Innovation Board IPO application has been accepted and is submitting for registration. According to the prospectus, Cologne plans to issue no more than 106 million shares and raise 613 million yuan, and the funds raised will be used for high-performance ternary cathode materials and precursor expansion projects. Public data show that Cologne new energy products mainly include ternary precursors, ternary cathode materials, as well as zinc-silver batteries, lithium batteries and other secondary batteries and battery systems. Terminals are used in new energy vehicles, 3C electronic products, energy storage equipment, rail transit and military equipment and other fields.

[the production and sale of new energy vehicles is still 600000 units away from the target for the whole year] in the first three quarters, the cumulative production and sales of new energy vehicles in January and August reached 799000 and 793000 respectively, up 31.6 per cent and 32 per cent respectively from the same period last year. At the beginning of this year, the China Automobile Association expected to sell more than 1.6 million new energy passenger vehicles for the whole of 2019. Although the target was later lowered to 1.5 million, sales in September would be about 100000, according to the growth rate of sales in July and August. 600000 units are still close to the target of 1.5 million for the whole year. To meet the target set at the beginning of the year, sales will have to reach an average of 200000 per month in the fourth quarter.

[Lithium: raise its performance expectations and triple its net profit in the first three quarters] Lithium announced that the company had expected net profit of 885 million yuan to 951 million yuan in the first three quarters, an increase of 134% to 151% over the same period last year. After the revision, the net profit is expected to be 1.138 billion yuan-1.171 billion yuan, an increase of 201%-209% over the same period last year. Performance correction is mainly: the company's main business sales increased by more than 50% compared with the same period last year, the market demand of various series of products is strong, the gross profit margin of products is rising, and the profitability is growing rapidly.

[Wuhan's first driverless electric vehicle charging station] 9, located in Wuhan Development Zone (Hannan District) Chuanjiangchi Park, the "network car base" charging station was completed and put into use. According to reports, Dongfeng independent intelligent network automobile covers the whole area of the intelligent ecological city of Wuhan Economic and technological Development Zone, and plans to open a demonstration road with a total length of 159 kilometers, including residential areas, business districts, logistics channels, scenic spots, industrial parks and highways.

[Nemaska plans to complete the Pallinghurst financing of Whabouchi spodumene production by the end of the year to reach 7 million tons] Canadian lithium miner Nemaska lithium recently announced the progress of financing negotiations with investment company Pallinghurst Group, as well as the latest status of the Whabouchi lithium mining project. The Whabouchi lithium project expects a total production of 7 million tons of spodumene during its entire mining period, which will be converted to 770000 tons of battery grade lithium hydroxide and 361000 tons of battery grade lithium carbonate.

Fuzhou New deal: electric bicycles will be banned in a timely manner in the main urban area after 2024. The notice on strengthening the standardized Management of Electric bicycles issued by the officials of Fuzhou on the 9th pointed out that after 2024, electric bicycles will be completely banned on roads within the third Ring Road (including) in urban areas at the right time. Fuzhou officials said comprehensive measures such as "reducing stocks, controlling increments, strict management and improving the public transport system" should be taken to gradually reduce the number of electric bicycles.

[Changan sold 965 new energy vehicles in September, down 33.4 percent from the previous month] on October 9, Changan Automobile (SZ.000625) released the latest sales figures. In September, Changan sold 965 new energy vehicles, down 33.4 percent from 1449 in August, and sold 29000 vehicles this year.

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[10.10 Lithium Power Express] General Administration of Market Supervision: new energy vehicles have to be reported within 12 hours of fire * the production and sale of new energy vehicles is still 600000 units away from the target for the whole year. - Shanghai Metals Market (SMM)