[11.12 Lithium Express] the Ministry of Industry and Information Technology plans to revoke 141 new energy models from purchase tax exemption * Evergrande increased capital by US $3 billion

According to the website of the Ministry of Industry and Information Technology, the Ministry of Industry and Information Technology recently announced its intention to abolish the list of "catalogue of new energy vehicle models exempted from vehicle purchase tax", a total of 141 models. It is reported that the list involved includes Shanghai Automotive Group Co., Ltd. Roewe eRX5, Roewe ei6, Visa eMG6; Lanzhou Zhidou Electric vehicle Co., Ltd. Zhidou D3 model; Weimar Automobile Manufacturing Wenzhou Co., Ltd. EX5 400, EX5 pro; FAW hippocampus E7 and so on. In addition, Guangxi Shenlong Automobile Co., Ltd., Zhengzhou Nissan Automobile Co., Ltd. and other enterprises produced pure electric buses, transport vehicles, engineering vehicles and other types, have also been included in the list.

[Evergrande increased US $3 billion in NEVS3 billion for the New Energy Industry] on November 11, Evergrande Health (00708.HK) announced that, Mini Minor and National Modern entered into an investment agreement on November 10, 2019. Under the agreement, Mini Minor will also inject US $2.852 billion (HK $22.32 billion) into NEVS in batches, which will increase shareholders' capital to NEVS in the form of cash or equivalent assets. Evergrande Health statement said that the total amount of the further capital increase is US $3 billion, which will be paid off with internal resources within the group. According to an earlier announcement, Evergrande Health acquired Mini Minor Limited held by Kerryman Holdings Limited for $930 million on January 15. Mini Minor Limited has a 51 per cent stake in NEVS.

[great Wall Automobile: Taizhou vehicle Project officially started with a total investment of 8 billion yuan] on November 11, 2019, the Great Wall Automobile Taizhou vehicle Project, the eighth vehicle production base in China, officially began construction. The project is located in Gaogang District, Taizhou City, with a total investment of 8 billion yuan and covers an area of about 1173 mu. The whole project is composed of Taizhou vehicle production Base and Taizhou Automobile Science and Technology Industry Park. After the Great Wall Automobile Taizhou vehicle production Base is put into production, it will mainly produce new platform products and new energy vehicles with core competitiveness. The whole vehicle is scheduled to be launched in batch in December 2020.

[Evergrande signed strategic cooperation with more than 60 automobile enterprises] on the afternoon of November 12, Evergrande held the Evergrande Strategic Partnership Summit on New Energy vehicles in Guangzhou. Xu Jiayin, chairman of Evergrande's board of directors, said he planned to invest 45 billion yuan over three years. Hengchi 1, Hengchi's first car, plans to debut in the first half of next year and plans to mass-produce it in 2021. At the meeting, Evergrande New Energy vehicles also signed strategic cooperation agreements with the world's top 60 auto parts suppliers.

[Bic Battery: Bic claims have been fully guaranteed will actively promote the return of payments by vehicle manufacturers] on November 12, Shenzhen Bic Power Battery Co., Ltd. issued a statement saying that recently, some suppliers announced that Bike accounts receivable have received widespread attention from the media. Bick expressed its personal understanding and sincere apology for the pressure faced by the relevant partners. Bike Battery said that Bike creditor's rights have been fully protected, will actively promote the vehicle manufacturer to pay back. Actively develop payment solutions, the normal production and operation of the company is not affected.

[Dongfeng Automobile: completing the record of New Energy Automobile Industry Fund] recently, Dongfeng Automobile Co., Ltd. (Dongfeng Automobile for short) and Hanjiang Investment Holdings Co., Ltd., Beijing Ruihe Information Investment Co., Ltd., jointly invested in the establishment of Xiangyang Dongfeng Hanjiang New Energy Automobile Industry Fund, and obtained the "Private Investment Fund record Certificate" issued by China Securities Investment Fund Industry Association. The completion of the record means that the official launch of the Dongfeng Automobile New Energy vehicle Industry Fund is not far away, and the project will focus on supporting the operation of Dongfeng New Energy vehicles.

According to BMW's official plan, the brand will have 12 pure electric vehicles by the end of 2023, which will gradually complete the transition to new energy sources, according to BMW's official plan. [BMW's new pure electric car i6 exposure back styling 700km] according to BMW official planning, the brand will have 12 pure electric vehicles by the end of 2023. At present, the brand has undertaken the production of MINI pure electric version, iX3, i4 and iNEXT mass production version in the Dingolfing factory in Germany to cope with the rising demand for electric vehicle production. In terms of follow-up products, the brand will also launch a new I family model, the i6, in 2024, further enriching the brand product matrix. In terms of power, the new car will be equipped with the fifth generation eDrive pure electric drive system, and adopt front and rear dual motor layout, with a comprehensive maximum power of 500kW, and equipped with battery packs with capacity of 90kWh and 120kWh respectively, and the maximum mileage is expected to reach 560km and 700km respectively.

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