[Ministry of Finance: suggesting that subsidies for hydrogen fuel Cell vehicles withdraw on time] recently, in response to the proposal of Chen Hong, chairman of SAIC, on subsidies for hydrogen fuel cell vehicles, the Ministry of Finance pointed out: in terms of policy design, the withdrawal of subsidies should be completed in accordance with established policies.

Samsung SDI reportedly announced plans to invest 390 billion Hungarian forint (9.2 billion yuan) to expand its electric car battery factory on the outskirts of Budapest, Hungary. It is reported that the investment will create about 1200 jobs, when the factory is completed, the annual production capacity will meet the battery configuration needs of 50, 000 electric cars.

[Ningde Times Investment Lithium miner Pilbara plans to own 8.5% of it] Lithium miner Pilbara Minerals announced today that it has completed its share allocation to Ningde era, worth A $20 million. The A $20 million investment is the first step in a A $55 million strategic investment plan for the Ningde era.

[Renault is considering making electric cars based on Nissan platform] recently, according to foreign media reports, Renault needs to speed up the electrification process to catch up with competitors. It is reported that Renault is considering using Nissan production platform to speed up the development of electric vehicles to meet the growing market demand.

Guangzhou Auto New Energy Group recently officially released sales data for September this year. Its monthly sales in September were 4010 vehicles, up 100% from the same month last year, the highest for the whole year, and from March onwards, it has maintained growth for seven months in a row; from January to September, cumulative sales reached 22162 vehicles, an increase of 100 percent from the same period last year.

[Tesla has delivered 255200 electric vehicles this year than for the whole of last year] Tesla delivered 63000, 95200 and 97000 electric vehicles to consumers in the first three quarters of this year, respectively, according to a filing filed with the Securities and Exchange Commission (SEC). A total of 255200 electric vehicles were delivered in the three quarters. Tesla delivered more electric vehicles in the first three quarters of this year than in the same period last year, but also for the whole of 2018. In the first three quarters of last year, Tesla delivered 154200 electric vehicles, compared with 244900 for the whole of 2018.

[Tesla Shanghai Plant Phase II Project accelerates the production of Model 3 from this month] it is reported that the No. 3 super factory will start producing Model 3 this month. Images of leaks inside the factory and complete vehicles in the test driveway indicate that trial production of the Model 3 appears to have begun. The leaked images of the final assembly building also show that the vehicle has been painted, indicating that the painting workshop of the facility is in operation.

SMM Cobalt Lithium small Metal Research team

Hong Lu 021-51666814

Qin Jingjing 021-51666828

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