Summary of Market Dynamics of New Energy Automobile Industry in November

SMM12, March 3: in the past month, the new energy vehicle industry chain has not shown a positive side, but industrial investment is still continuing, investors are still actively optimistic about the future market, positive layout and adjustment of all sectors of the industrial chain. SMM collated the market dynamics of the new energy vehicle industry chain in November for everyone to understand.

Cobalt lithium and battery materials

[trader Traxys agrees to enter into cobalt sales agreement with Nornickel]

On November 4, it is reported that Traxys will collect all cobalt metals and hydroxides from Nornickel. There are also sources that Traxys will sell large amounts of nickel and cobalt within two to three years. After Traxys's contract with Vale ends next year. Traxys needs a new cobalt partner. Brazilian miner Vale has made arrangements to sell cobalt from 2021.

On November 11, AVZ signed a conditional subscription agreement with Yibin Tianyi Lithium Co., Ltd., and upon completion of the strategic placement of A $14.1 million, Yibin Tianyi will hold a 12 per cent stake in AVZ Mining Co., Ltd. Yibin Tianyi has the support of a number of Chinese companies, including Ningde Times, China's largest electric vehicle battery maker, and Suzhou Tianhua Super Clean Technology Co., Ltd. According to the subscription Agreement, upon completion of the placing, the parties will negotiate in good faith to agree on and implement a binding acceptance agreement for the products of the Manono Lithium and Tin Project. Yibin Tianyi is currently building the first phase of its lithium chemical plant in Yibin, China, which is expected to be completed in the second quarter of 2020. The second phase of the expansion is expected to be completed in 2023 / 2024.

[Luoyang Molybdenum acquires a stake in Huayue Nickel Cobalt (Indonesia)]

Luoyang Luanchuan Molybdenum Group Co., Ltd. intends to acquire a 100% stake in Huayue Nickel Cobalt (Indonesia) Co., Ltd., an existing shareholder of Huayue Nickel Cobalt (Indonesia) Co., Ltd., through CMOCLIMITED, a wholly owned subsidiary in Hong Kong. At the same time, Woyuan Holdings acquired a 10 per cent stake in Huayue Nickel Cobalt held by existing shareholder IndonesiaMorowaliIndustrialPark (hereinafter referred to as "IMIP"), which will eventually result in an indirect 21 per cent stake in Huayue Nickel Cobalt. Upon completion of the above equity transfer, the Company intends to increase the capital of Huayue Nickel and Cobalt through Woyuan Holdings in a currency not exceeding US $69.1 million or its equivalent, thereby increasing the Company's final stake in Huayue Nickel and Cobalt from 21 per cent to 30 per cent upon completion of such capital increases. Based on the total approved investment of US $1.28 billion and the progress of the project, the Company will provide financing guarantee and shareholder loans to Huayue Nickel Cobalt in accordance with the agreed proportion.

[Nemaska Lithium closes Whabouch lithium mine Shawinigan hydrometallurgical plant and subsequently closes]

Due to falling lithium prices and the current lack of financing, Nemaska Lithium in Quebec City has been forced to temporarily close its operations at the Whabouchi lithium mine 300km northwest of Chibougamau in Quebec. Shawinigan's hydrometallurgical plant will also complete the remaining orders before closing. As of September 30, 2019, Nemaska said it had invested C $392 million in two plants. It currently costs C $187 million in mines and C $690 million in factories. The total budget for both is C $1.3 billion. Mines and factories will be closed one after another in order to resume operations after the settlement of funds.

[Hanrui Cobalt Industry plans to raise 1.9 billion yuan to build a new ternary precursor project with an annual production capacity of 26000 tons]

On November 14, Hanrui Cobalt Industry released a feasibility analysis report on the use of funds for the non-public offering of A-shares in 2019. According to Hanrui Cobalt, the funds raised were mainly used for the construction of "10000 tons / year cobalt metal new materials and 26000 tons / year ternary precursor project" project. The total scale of the project is 10, 000 tons of metal cobalt new materials and 26000 tons of ternary precursor per year. The main products of the first phase of the project are cobalt sulfate, cobalt chloride and cobalt tetroxide products are the important raw materials of cobalt industry. the ternary precursor produced in the second phase is an important raw material for ternary materials for power batteries of new energy vehicles.

[Lithium Electric Materials Cooperation Agreement signed between Hedong Science and Technology subsidiary and Taifeng]

[BMW Group's New Core Technology Center opens: energy density doubles by 2030]

On November 14, BMW Group's new core technology center was officially opened in Munich, Germany. The new Core Technology Center aims to promote the development of BMW's cell technology and apply the relevant research results to the production process. BMW Group has invested 200 million euros in the core technology center and currently has 200 employees. BMW Chairman Ziptzer said he hopes to double the energy density of the cell to provide a higher range of pure electricity. The time point for the plan is 2030.

[Huayu Posco's annual production capacity of 30,000 tons of power lithium ternary precursor material project (phase I) has been successfully tested with materials]

[Tianli Lithium can raise 150 million yuan for industrial fund subscription]

Tianli Lithium can disclose the share issue subscription announcement on November 4. Anhui Gao Xin Investment New Materials Industry Fund Partnership intends to subscribe for 7.6923 million shares of the company for 19.50 yuan per share, with a subscription amount of 150 million yuan. Tianli Lithium Energy is mainly engaged in the production and sales of ternary cathode materials for lithium batteries. The company said that at present, the company produces lithium battery ternary cathode material customer acceptance is high, the existing production scale can not meet customer requirements. In order to continue to expand market share, further improve the profitability of the company, enhance the comprehensive strength and core competitiveness of the company, the company invested in Anhui Huaibei Economic Development Zone to set up a wholly owned subsidiary Anhui Tianli Lithium Energy Co., Ltd.

Battery and New Energy vehicle

[Ministry of Industry and Information Technology: national Lithium Ion Battery production increased 7.7% from January to September this year compared with the same period last year]

From January to September, among the main products of the national battery manufacturing industry, the output of lithium-ion batteries was 10.83 billion, an increase of 7.7 percent over the same period last year; the output of lead-acid batteries was 148.81 million KVA, an increase of 5.2 percent over the same period last year; and the output of primary batteries and original battery packs (unbuttoned) was 29.53 billion, an increase of 2.6 percent over the same period last year.

[lithium Energy plans to increase battery capacity to 50GWh in 2021]

EW Lithium plans to increase power battery capacity to 50GWhH by 2021, which means that EW Lithium will increase 39GWh capacity over the next two years, which is not an easy challenge. Liu Jincheng believes that when they were ready to enter the field of power batteries in 2015, they knew that if they did not make power batteries, they would not lose, but they would never win. Today, Lithium still has this original intention.

[Guoxuan Hi-Tech plans to invest 5.5 billion yuan in Tangshan to build a new power lithium battery capacity 7GWh]

On the evening of November 18, Guoxuan High Technology issued an announcement that the company and the Tangshan Municipal Government signed a cooperation framework agreement to invest in Jianguoxuan High Technology (Tangshan) "5G" new energy industry base project, with a total investment of 5.5 billion yuan. The main purpose of the project is to build a new energy industry base, build a new power lithium battery capacity of 7GWhH, and form a total production capacity 10GWh with the previous project. The investment and construction cycle of the project is about 2 years. It is expected that the project will be fully completed in the third quarter of 2021 and officially put into production in the fourth quarter.

[Indonesian plant LG Chemical will spend $2.3 billion to build batteries]

LG Chemical, a South Korean battery maker, is conducting preliminary research and plans to spend $2.3 billion (16.2 billion yuan) to build a comprehensive battery factory in Indonesia, Indonesia's industry minister said.

[Weilai's monthly delivery reached a record high of more than 2000 vehicles for the second month in a row]

On November 4, 2019, Weilai released a monthly sales figure of 2526 units for October 2019, up 25 per cent from a month earlier and 61 per cent from a year earlier, the highest monthly delivery since 2019. As of press time, Weilai shares were up 4.83% to $1.52. In terms of specific model sales, the ES6 sold 2220 units in October, making it the absolute mainstay of sales. The other ES8 sold 306 units, a big gap compared with the ES6. It is understood that the overall pricing of the ES6 is lower than the ES8, the model focuses on optimizing the energy consumption in the drive system, so that the mileage has a better performance than the ES8, and in the interior configuration and driving feeling has also been optimized.

It is reported that the German government plans to increase the subsidy for the purchase of electric vehicles by half in the five years from 2020, as the latest in a series of measures to speed up the adoption of low-emission vehicles. According to a government document seen, the German government plans to increase the subsidy for electric vehicles to 4500 euros from 3000 euros now, and to 5000 euros for models that sell for more than 40, 000 euros.

[Zhejiang formulates Intelligent vehicle Development Plan and plans to break trillion yuan in output value in the next five years]

The Zhejiang Provincial Development and Reform Commission recently issued the Zhejiang Intelligent vehicle Innovation and Development Plan (20202025), which proposes that by 2022, the province will basically form a coordinated development pattern of intelligent vehicles, intelligent transportation, intelligent facilities and intelligent cities, and the output value of intelligent vehicles and related industries will exceed 800 billion yuan. By 2025, the output value of intelligent cars and related industries will exceed 1 trillion yuan.

On Nov. 8, SAIC Volkswagen's new energy vehicle factory opened, the first new factory built by Volkswagen Group specifically for the production of MEB platform models. The new factory is located in Anting, Shanghai, with a total construction area of about 610000 square meters, a total investment of about 17 billion yuan, and a planned annual production capacity of 300000 vehicles. It is also the largest and most efficient pure electric vehicle factory in China.

[Evergrande increases NEVS3 billion US dollars]

On November 11, Evergrande Health (00708.HK) announced that, Mini Minor had entered into an investment agreement with National Modern on November 10, 2019. Mini Minor and National Modern have entered into an investment agreement with, Mini Minor for a subscription price of 539 million Swedish kronor (HK $438 million) for new shares in NEVS, equivalent to 42.19 per cent of the total enlarged issued share capital. 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.

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