[10.30 Lithium Express] by the end of next year, nearly 20,000 rental vehicles in Beijing will be updated as new energy models * global lithium inventory situation and future lithium price trend

Published: Oct 30, 2019 10:05

[nearly 20,000 taxis in Beijing will be updated to new energy models by the end of next year] on the morning of October 30, the relevant person in charge of the Beijing Municipal Communications Commission said during a visit to the Beijing Traffic Radio "talk about congestion" program that nearly 20,000 taxis in Beijing will be updated to new energy electric taxis by the end of next year. The relevant person in charge of the Beijing Municipal Communications Commission said that at present, the state also has a Taiwan policy, requiring new or updated taxis to be replaced by new energy electric models. Many cities have begun to use new energy taxis, and Beijing has also issued a three-year action plan to gradually replace oil vehicles with trams to reduce exhaust emissions.

[Volkswagen plans to produce 1 million electric vehicles a year China becomes a key market] Volkswagen is reportedly speeding up production of electric vehicles and plans to produce about 1 million electric vehicles a year worldwide by 2022, surpassing US competitor Tesla and making China a key battlefield. By 2022, Volkswagen will transform eight factories around the world to specialize in electric vehicles and license its MEB electric platform to other competitors, making it on track to become the world's largest electric car maker, according to a Volkswagen executive. According to Volkswagen's plan, it will start production of electric vehicles in two factories in China next year, with an annual production capacity of 600000 vehicles, including two plants in Anting and Foshan. Volkswagen also said it expected to produce a total of 22 million electric vehicles by 2028, of which 11.6 million will come from Chinese factories.

[ABB's acquisition of a 67 per cent stake in Shanghai Lianzhang aggressively attacks the Chinese electric car charging market] it is reported that ABB, a Swedish electric company, will acquire a 67 per cent majority stake in Shanghai Lianzhang New Energy Technology Co., Ltd., China's leading provider of electric travel solutions. The deal is expected to close in the next few months and ABB is likely to increase its stake further over the next three years.

[skyline Automobile: ME7 small batch trial production in Shaoxing Factory] A few days ago, we learned from Skyline officials that the skyline car Shaoxing Intelligent Factory has entered the phase of small batch trial production of Skyline ME7, and the new car will be delivered in the first quarter of 2020. Skyline ME7 is the first mass production model of Skyline car, located in a medium-sized pure electric SUV model, the Ministry of Industry and Information Technology announced that the mileage is 500km, equipped with Bosch permanent magnet synchronous motor, the maximum power is 170kW (231Ps), the maximum torque is 330N ·m.

[global lithium stocks and future lithium price trends] global lithium stocks continue to grow, and the pressure of oversupply is gradually shifting to mines. Until 2017, the global supply and demand of lithium ore is in a tight balance. And as lithium prices soared in 2017, new mines in Australia began production, boosting inventories. SMM predicts that lithium prices will fluctuate between 50 and 60 yuan per kilogram by 2020.

[after the subsidy, the price is 65800 yuan from Guoji Zhijun three pure electric cars on the market] on October 29, Guoji Zhijun GX5, GC1, GC2 three pure electric cars were officially announced on the market. Among them, the market price after GX5 subsidy is 115800-139800 yuan, the market price after GC1 subsidy is 68800-83800 yuan, and the market price after GC2 subsidy is 65800-81800 yuan. The soft package core of NCM622 ternary lithium battery is selected for power battery, and the energy density of battery package is more than 160Wh/kg. The maximum speed of GX5 is 140km, the endurance mileage of NEDC is 338km, and the NEDC mileage of Gc1 and GC2 are 338km and 368km, respectively.

[the subsidized price is 139800-146800 yuan, and the new BYD Qin EV will be listed on November 5.] recently, we learned from BYD officials that the new BYD Qin EV will be officially launched on November 5, 2019. In terms of power and endurance, the new BYD Qin EV is equipped with a permanent magnet synchronous motor with a maximum power of 100kW and a maximum torque of 180N ·m. In terms of navigation, the new Qin EV carries a 53.1 kWh ternary lithium battery, NEDC operating conditions to continue the 421km. In terms of price, the new car provides a high sustainable version of the distinguished version and high sustainable version of the luxury type of 2 configurations, after the comprehensive subsidy, the pre-selling price is 139800 yuan and 146800 yuan respectively.

[China's first four-seater electric aircraft lifted off: zero pollution 1.5 hours] China's self-developed new energy electric aircraft-RX4E (Ruixiang) four-seater electric aircraft realized its first flight in Shenyang, Liaoning Province on the 28th, which is also the first four-seater electric aircraft in China to take off successfully.

 

SMM Cobalt Lithium small Metal Research team

Hong Lu 021-51666814

Qin Jingjing 021-51666828

Scan QR code, apply to join SMM metal communication group, please indicate company + name + main business

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
SK On Consolidates Georgia Operations into Single Production System
Apr 5, 2026 17:13
SK On Consolidates Georgia Operations into Single Production System
Read More
SK On Consolidates Georgia Operations into Single Production System
SK On Consolidates Georgia Operations into Single Production System
SK On will transition to a unified production system centered on its SK Battery America (SKBA) operations in Georgia to improve efficiency in North America. According to the company on the 3rd, starting April 6 (local time), production volumes from SKBA’s first plant will be transferred to the second plant. In addition, part of the second plant’s production lines will be converted from electric vehicle (EV) battery manufacturing to energy storage system (ESS) production. The Georgia Plant 1 has an annual capacity of 10GWh and began commercial operations in the first quarter of 2022, while Plant 2 has a capacity of 12GWh and started operations in the fourth quarter of 2022.
Apr 5, 2026 17:13
LG Energy Solution Joins Global Automotive Software Marketplace SDVerse as First Battery Maker
Apr 5, 2026 17:12
LG Energy Solution Joins Global Automotive Software Marketplace SDVerse as First Battery Maker
Read More
LG Energy Solution Joins Global Automotive Software Marketplace SDVerse as First Battery Maker
LG Energy Solution Joins Global Automotive Software Marketplace SDVerse as First Battery Maker
LG Energy Solution announced on April 3 that it has joined the automotive software open marketplace platform SDVerse, becoming the first battery manufacturer to participate. SDVerse is a B2B vehicle software platform founded by General Motors, Magna International, and Wipro. The platform provides an open ecosystem where automakers, global suppliers, and software developers can trade software solutions, supporting the transition toward software-defined vehicles (SDVs).
Apr 5, 2026 17:12
SK On Terminates Natural Graphite Supply Agreement with Westwater
Apr 5, 2026 17:11
SK On Terminates Natural Graphite Supply Agreement with Westwater
Read More
SK On Terminates Natural Graphite Supply Agreement with Westwater
SK On Terminates Natural Graphite Supply Agreement with Westwater
According to Westwater Resources on the 3rd, it received a contract termination notice from SK On on March 31 (local time). Under the agreement, SK On had planned to source up to 34,000 tons of natural graphite produced at Westwater’s Kellyton facility in Alabama between 2027 and 2031, but the plan has been canceled following the termination.
Apr 5, 2026 17:11
[10.30 Lithium Express] by the end of next year, nearly 20,000 rental vehicles in Beijing will be updated as new energy models * global lithium inventory situation and future lithium price trend - Shanghai Metals Market (SMM)