[10.16 Lithium Express] Weilai is negotiating a new round of financing of more than 5 billion yuan * BAIC New Energy plans to buy assets from BAIC Group for 191 million yuan

[Weilai is negotiating a new round of financing cooperation of more than 5 billion yuan for Huzhou City, Zhejiang Province] it is reported that in addition to introducing investment from Beijing Yizhuang State Investment Co., Ltd., Weilai is also negotiating a financing cooperation of more than 5 billion yuan with Wuxing District, Huzhou City, Zhejiang Province. Along with the financing, Weilai will have a factory with a capacity of 200000 years to settle in Wuxing District. In response to the news, Weilai car CEO Li Bin told us, "at present, there is not much information to disclose, Wei Lai is indeed in contact with a lot of local governments."

[battery Alliance: September Power Battery load 4GWh Lithium rose to third] on October 14, the China Automotive Power Battery Industry Innovation Alliance released new energy vehicle battery production, sales and loading data for September 2019. In September, the output of power batteries in China totaled 7.6GWhH, an increase of 14.7% over the previous month and 9.7% over the same period last year. Among them, the output of ternary batteries was 4.7 GWH, accounting for 61.7% of the total output, an increase of 3.4% over the previous month, and an increase of 15.1% over the same period last year, while the output of lithium iron phosphate batteries accounted for 37.5% of the total output, an increase of 38.3% over the same period last year, an increase of 2.5% over the same period last year. From January to September 2019, the total output of power batteries in China was 63.5GWhh, an increase of 37.9% over the same period last year.

[BAIC New Energy plans to buy assets from BAIC Group for 191 million yuan] on October 15, BAIC Blue Valley said in an announcement that BAIC New Energy, a subsidiary of BAIC, intends to pay cash or bills not exceeding 191368633.77 yuan (excluding tax). Purchase from BAIC some of the production auxiliary equipment facilities and assets under construction, machinery and equipment and intangible assets, which are located in the south of No. 205 National Road, Huanghua City, Hebei Province.

[Western Australia approves Earl Grey lithium mine development to produce 300-5 million tons per year] the Western Australian Environmental Protection Agency (EPA) has approved the environmental license for the Earl Grey lithium project. The project is open-pit mining, and the annual output of lithium mine is expected to reach 300-5 million tons.

[configuration upgrade / Price does not rise, ideal ONE will deliver 2020 models directly] on October 15, ideal Automobile officially announced that it would deliver the ideal ONE 2020 models directly to the first batch of users. The ideal car said that the cost of the new configuration will be increased, the ideal car will bear the full burden, the price will not rise a penny. The ideal car will directly schedule 2020 models for all orders, and a small number of 2019 models will be digested through internal use. Due to the large number of upgraded parts of the 2020 products, the ideal delivery start time for ONE will be adjusted from November 2019 to December 2019.

[Weilai 1972 vehicles in September ranked first] on October 14, the China Automotive Technology Research Center released risk data for new car brands in September this year. In September this year, the overall number of risks was 1972, accounting for about 35% of the total number of risks in the new power camp, and from January to September, the total number of risks reached 12430, accounting for about 30% of the total number of new forces. In September, there were 1487 Xiaopeng cars in second place and 1344 Weimar cars in third place.

[trial operation of the first hydrogen power integrated energy supply service station in Zhejiang Province] on the morning of October 15, the integrated energy supply service station of Zhejiang Petroleum Jiashan East passenger Transport Center completed the hydrogenation operation of the first hydrogen energy vehicle, marking the commissioning of the first integrated energy supply service station with hydrogenation function in Zhejiang Province.

SMM Cobalt Lithium small Metal Research team

Hong Lu 021-51666814

Qin Jingjing 021-51666828

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