[the 11th batch of vehicle and ship tax reduction catalogue was released, and 344 new energy models, such as Mercedes-Benz E300 eL/ Audi A6L / BMW X1 PHEV, were selected] on October 10, the Ministry of Industry and Information Technology announced the catalogue of new energy-saving vehicles with preferential vehicle and ship tax reduction (11th batch). In terms of new energy vehicles, a total of 344 new energy vehicles were selected, including 24 plug-in hybrid passenger vehicles, 294 pure electric commercial vehicles, 6 plug-in hybrid commercial vehicles and 20 fuel cell commercial vehicles.

[four Chinese car companies were exposed to the Internet to file for bankruptcy cheetah car Lifan Zhongtai response: Zi false] on the evening of October 9, a "network exposed four Chinese car companies filed for bankruptcy" self-media news widely circulated in the market, its core content is a picture of an internal email alleged to be a joint-stock bank, which mentions "four car companies will enter bankruptcy proceedings at the end of the year" and other information. "false reports, we are negotiating with each other." on the morning of October 10, Tian Yongjun, secretary of the Party General Branch and Deputy General Minister of the Cheetah Automobile sales headquarters, denied the rumor of "bankruptcy." Minister Zhang of Lifan Automobile News Department also said that the relevant bankruptcy rumors were "false." Zhongtai Motors also issued a statement saying it had reported the case to the public security department.

[410km Buick will push the new VELITE 6] recently learned that Buick will launch a new VELITE 6, the new car in the appearance of the interior and other aspects of the same as cash, power will carry a maximum power of 150hp of the new motor, the corresponding power battery pack energy density of 140hg, VELITE range to 410km.

[affected by the decline in sales of Tesla in September, overall sales of pure electric models in the United States fell 19.5 percent] it is reported that overall sales of pure electric vehicles in the United States fell 19.5 percent in September due to the decline in Tesla sales. In September, about 27000 pure electric vehicles were sold in the US market, of which 22000, or about 81 per cent, were Tesla. Tesla's September sales fell 27 per cent compared with the same period last year, directly dragging down overall sales of pure electric vehicles.

[Dyson abandons its £2.5 billion electric car project] (Dyson), a British company known for vacuum cleaners, announced the abandonment of a £2.5 billion electric car manufacturing project on October 11, Beijing time. James Dyson, the company's founder, said its engineers had developed a "very good electric car", but it would not hit the road because it was "not commercially viable". In an email sent to all employees on Thursday, Dyson said the company had tried unsuccessfully to find a buyer for the project, which was launched in 2017. In October 2018, Dyson revealed that the electric car would be produced at a new factory in Singapore. It is expected to be completed next year and the first batch of vehicles will be offline in 2021. But in an email, Dyson said it would close electric car plants in the UK and Singapore. The project employs 523 people, 500 of whom are in the UK, and Dyson praised their "great" achievements.

[BYD announced that pure electric car sales rose 129.29% from January to September compared with the same period last year] on the evening of October 10, BYD Co., Ltd. released September sales of KuaiBao. BYD sold 13681 new energy vehicles in September, compared with 27903 in the same period last year, and 192620 from January to September, compared with 143418 in the same period last year, up 34.31 percent from a year earlier, according to the announcement. For pure electric models, sales were 7359 in September, compared with 12120 in the same period last year, down 39.3 per cent from a year earlier, compared with 123658 in January-September and 53931 in the same period last year, up 129.29 per cent from a year earlier. For plug-in hybrid models, sales totaled 62261 from January to September, down 23.52 per cent from a year earlier.

[Weihua shares proposed to purchase 100% stake in Shengtun Lithium Industry was conditionally approved] on the evening of October 9, according to the results of the 47th meeting of the merger and reorganization Committee disclosed on the website of the Securities and Futures Commission in 2019, Weihua shares proposed to purchase 100% stake in Shengtun Lithium Industry was conditionally approved. Data show that before this transaction, Weihua shares the main business is divided into two major sectors, one is the new energy materials business, mainly the production and sales of basic lithium salt and rare earth products; the other is the production and sales of medium and high density fibreboard, forest planting and sales. After the transaction, the production and sales of new energy materials such as lithium salt and rare earth products, one of the main businesses of Weihua shares, have been extended to the mining and separation business of upstream lithium mines.

SMM Cobalt Lithium small Metal Research team

Hong Lu 021-51666814

Qin Jingjing 021-51666828

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