In order to promote strategic cooperation with Posco and ECOPRO Co., Ltd in the field of echelon utilization and recycling of new energy vehicle batteries, Greenmei signed a memorandum of understanding with the Posco Municipal Government and ECOPRO of South Korea on October 21, 2019 on the promotion of echelon utilization and recycling project of new energy vehicle batteries, in accordance with the principle of trust and integrity in order to promote the strategic cooperation with Korea Posco City and Korea ECOPRO Co., Ltd. in the field of echelon utilization and recycling of new energy vehicle batteries. Greenmei said that the signing of the memorandum of understanding will help promote the strategic cooperation between the company and the ECOPRO and the South Korean government in the field of power battery utilization and recycling, and strengthen the construction of the new energy life cycle value chain recycling industry system of "battery recovery-raw material recycling-material recycling-battery package recycling".
[Xingyuan material three Quarterly report interpretation: gross profit margin decline operating cash flow net negative] recently, lithium battery diaphragm manufacturer Shenzhen Xingyuan material Technology Co., Ltd. (hereinafter referred to as "Xingyuan material" or "Company") released its 2019 quarterly report. In the third quarter, the company realized revenue of 162 million yuan, up 53.5 percent from the same period last year, down 14.9 percent from the previous month, and realized net profit of 24 million yuan, down 7.57 percent from the same period last year and 75 percent from the previous month. In the first three quarters of this year, the company realized revenue of 515 million yuan, an increase of 21.7 percent over the same period last year, and realized a net profit of 196 million yuan, an increase of 9.45 percent over the same period last year.
[investing 1.2 billion yuan in cooperation between Aichi and the Karamay Municipal Government] recently, Aichi Motor signed a strategic cooperation agreement with the people's Government of Karamay City, Xinjiang Uygur Autonomous region. The two sides will focus on new energy vehicles and supporting spare parts, charging infrastructure construction, industrial investment and financing and high-tech projects, waste battery recovery, power energy and other areas of cooperation, giving full play to their respective advantages. Build long-term strategic customer and partnership relationships.
Toyota will launch a solid-state battery-powered car in 2020, according to autocar. Toyota will launch an electric car with solid-state batteries at the 2020 Olympics to showcase its battery technology, Takeshima (Shigeki Terashi), Toyota's executive vice president and chief technology officer, revealed ahead of the Tokyo Motor Show.
[canceling middleman BMW will purchase cobalt and lithium directly from 2020] it is reported that BMW Group will change its strategy for purchasing raw materials for electric vehicles. In the procurement of important materials such as lithium and cobalt, middlemen will disappear from the supply chain. "We have restructured the supply chain and will start purchasing cobalt and lithium directly from 2020," Andres Wendt, BMW's chief procurement officer, told German media. " BMW has previously indirectly purchased raw materials through suppliers. Wendt said BMW hoped to increase the transparency of raw material sources through new procurement methods.
[Toyota may start selling electric vehicles in Europe in the early 2020s] Toyota plans to start selling electric vehicles in Europe in the early 2020s, Shigeki Terashi, executive vice president, said in Tokyo on Tuesday. In Europe, the company plans to start with small electric cars; in the United States, it will offer a variety of models, including large electric cars.
[Fengyuan Co., Ltd., 580 million Code Lithium Battery material Business] on October 21, Fengyuan Co., Ltd., a wholly owned subsidiary of Shandong Fengyuan Lithium Energy Technology Co., Ltd. (hereinafter referred to as "Fengyuan Lithium Energy"), plans to implement a high nickel ternary material project with an annual output of 10000 tons of lithium ion battery, with a total investment of about 585 million yuan. Since 2019, Fengyuan has made great efforts to enter the lithium battery materials industry. In the first half of this year, the company realized operating income of 214 million yuan, an increase of 56.70% over the same period last year, of which the operating income of lithium battery cathode materials alone reached 96.8463 million yuan, accounting for 45.36% of the total revenue. If all the lithium battery projects invested in this investment can be put into operation, the total production capacity of Fengyuan ternary materials will reach 15000 tons per year, with an average annual sales income of about 2 billion yuan and a net profit of about 200 million yuan.
[Tesla Global Vice President: the Shanghai Super Factory is "ready" for foreign sales only waiting for product certification and national approval. Tao Lin, vice president of Tesla, told the Global Times recently: "Tesla Shanghai factory is ready. Production and sales will begin after obtaining product certification and government approval." Tesla's official tweet also shared the news from the Global Times. In May, Tesla announced the opening of bookings for the domestic Model 3 standard life upgrade model, which starts at 328000 yuan and is expected to be delivered in 6 to 10 months.
SMM Cobalt Lithium small Metal Research team
Hong Lu 021-51666814
Qin Jingjing 021-51666828
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