[Yiwei Lithium's third quarter profit rose 199.23% from a year earlier] on Oct. 25, Yiwei Lithium released its third quarter report for 2019. According to the report, the company achieved operating income of 4.577 billion yuan from January to September, an increase of 52.12% over the same period last year; net profit attributable to shareholders of listed companies was 1.159 billion yuan, an increase of 205.94% over the same period last year; and net cash flow from operating activities was 849 million yuan, an increase of 594.37% over the same period last year.
[in the first three quarters, Ningde era achieved a net profit of 3.464 billion yuan, up 45.65 percent from the same period last year] on the evening of October 25, Ningde Times announced its results for the third quarter of this year. The announcement showed that in the first three quarters, Ningde era achieved revenue of 32.856 billion yuan, an increase of 71.7 percent over the same period last year, and the net profit of shareholders was 3.464 billion yuan, an increase of 45.65 percent over the same period last year.
Tesla's market capitalization once again surpassed GM to become the first in the United States. According to media reports, Tesla overtook GM to become the most valuable car brand in the United States with a market capitalization of $53.7 billion. Analysts say Tesla has finally turned over from an electric car maker to a true carmaker.
[Xu Jiayin went to Europe to inspect the world auto parts leader overweight strategic cooperation will be announced soon] from October 23 to 25, European time, "car labor model" Xu Jiayin led senior executives to travel to Germany and Spain. It has successively inspected six world auto parts leading enterprises, such as BASF Group (BASF), ThyssenKrupp Group (thyssenkrupp), Hella Group (HELLA), Boze Group (Brose), Heistemp Group (Gestamp), Antunlin Group (Antolin), including a number of Fortune 500s. The core products and cutting-edge technologies of the six companies have been investigated in detail. And focus on their production base in China, production capacity and future construction and investment plans in China.
[Baili Science and Technology and Chengdu Bamo signed big single] Baili Science and Technology: subsidiary Changzhou Lithium Power and Chengdu Bamo signed the "Advanced Intelligent Manufacturing Project for industrialization of High Energy density Power Lithium Ion Battery Materials (Phase I) production Line equipment and Integration contract", the contract value is 471 million yuan.
[Baiteng signed a memorandum of cooperation with European enterprises to open up the European electric vehicle market] recently, Baiteng signed a memorandum of understanding with local retail and after-sales partners in a number of European countries to jointly open up the European electric vehicle market. The partners who signed the memorandum include Hedin Automotive of Sweden, BYmyCAR Group of France, Salvador Caetano of Portugal and Modern Driving of Switzerland.
FAW Volkswagen Pure Electric and Golf Pure Electric are listed simultaneously. FAW-Volkswagen Golf Pure Electric and Pola Pure Electric are pure electric versions of Volkswagen classic models. The two models will go on sale simultaneously on October 29. The new car conducted extensive user research in China at the beginning of its research and development, and the results show that the 200-300 km range best meets the needs of urban residents. After various studies by experts, the endurance mileage of Golf Pure Electric and Polar Pure Electric is finally set at 270 km. The new car will be equipped with a ternary lithium battery with an energy density 121wh/kg from FAW-Volkswagen and Ningde Times. Thanks to the accurate control of the electronic control system, as well as the five-stage braking energy recovery and the blessing of the choice of three driving modes, the urban mileage of Golf Pure Electric and Bora Pure Electric is guaranteed.
SMM Cobalt Lithium small Metal Research team
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Qin Jingjing 021-51666828
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