[Ministry of Industry and Information Technology: key points for Standardization of New Energy vehicles in 2020] in respect of electric vehicles, complete the technical review of the standards for safety requirements for electric vehicles after collision, and carry out the pre-research on the relevant standards for the evaluation methods and test rules for the safety performance of electric vehicles in use. complete the formulation of pure electric vehicle energy consumption and driving mileage, hybrid electric vehicle energy consumption test method standards, and perform the approval procedures; Promote the revision of standards for power performance test methods for pure electric vehicles and hybrid electric vehicles. In the field of power battery, carry out the pre-research on the standards of power battery safety test methods to meet different needs, speed up the establishment of standards related to the electrical performance and cycle life of power battery, and carry out the pre-research on the revision of power battery specifications and sizes. improve the modular standard system of power battery; Complete the technical review of the standards such as power battery recycling discharge specification and echelon utilization product identification, and solicit the opinions of the standards such as echelon utilization design guide and recycling service network construction code.

[Guangdong Province to promote cars to rural residents to buy new energy vehicles to give subsidies] on April 15, the Guangdong Provincial Development and Reform Commission and other 10 departments jointly issued "Guangdong Province on promoting rural consumption a number of measures." Among them, in promoting cars to go to the countryside and promoting rural car consumption, it is proposed to encourage automobile enterprises to cede profits to rural residents in Guangdong Province. On the basis of enterprise profits, provincial finance gives subsidies to new energy vehicles or fuel vehicles purchased by rural residents in the province. Subsidies are given to the use of new energy vehicles or the purchase of fuel vehicles.

BAIC New Energy will officially build a high-end intelligent ecological factory for new energy vehicles in Yizhuang. BAIC New Energy will formally build a high-end intelligent ecological factory for new energy vehicles in Yizhuang, with a total investment of 2.72 billion yuan in the first phase of the project. it is planned to build welding, painting and total three processes and form an annual production capacity of 50, 000 high-end new energy vehicles, which is scheduled to be completed and put into production in March 2022.

[Guizhou: new energy automobile manufacturing plant is stepping up construction] at present, the Guizhou Baoneng Automobile Industry Park project undertaken by the eighth Bureau of China Railway has done a good job in epidemic prevention, control and production at the same time, and the resumption rate has reached 100%. It is understood that the project has a total investment of 16.4 billion yuan and a planned production capacity of 300000 new energy vehicles per year. When completed, it will become the largest vehicle manufacturing plant for new energy vehicles in Guizhou.

On March 31 this year, the executive meeting of the State Council decided to extend the policy of subsidy for the purchase of new energy vehicles and exemption from purchase tax for two years in order to promote automobile consumption. This means that subsidies for new energy vehicles, which should have officially ended by the end of the year, will continue into 2022, which is undoubtedly good news for the entire industry chain. However, the extension of subsidies does not mean that subsidies will not retreat. Recently, tramways learned from a number of sources that the next stage of subsidies will be fully retreated by 10% on the basis of the subsidy standard in 2019. It is worth noting that this subsidy adjustment passenger cars, special purpose vehicles, buses are all retreating at the same time, this policy change, some bus enterprises have carried out internal publicity.

[not just mobile phone brand Huawei is starting to move into the field of charging new energy vehicles] A few days ago, Netcom news agency learned from officials that Huawei will launch a new HUAWEI HiCharger DC fast charging module on April 24. As one of Huawei's fastest growing product lines, Huawei's network energy product line covers four areas: data center energy, communications energy, intelligent photovoltaic and intelligent electric. Among them, Huawei Intelligent Electric is committed to creating high-quality, high-standard automotive electric solutions, providing charging power supply, electronic control and battery management and other parts.

[Huayu Cobalt Industry's first quarter net profit increased by 1385% compared with the same period last year] Huayu Cobalt Industry disclosed that in the first quarter of 2020, it realized operating income of 4.424 billion yuan, an increase of 0.53% over the same period last year, and realized net profit attributable to shareholders of listed companies of 183 million yuan, an increase of 1385.1% over the same period last year. Net profit attributable to shareholders of listed companies after deducting non-recurrent profit and loss was 132 million yuan, an increase of 693.42% over the same period last year. Huayu Cobalt has previously said that the growth is mainly due to the company's high-end products, industrial integration of the implementation of the business strategy has achieved good results, with the relative stabilization of cobalt prices, promoted the rise in gross profit margin of cobalt products, at the same time, the gross profit margin and sales of copper products are also on the rise.

SMM Cobalt Lithium small Metal Research team

Hu Yan 021-51666809

Qin Jingjing 021-51666828

Mei Wangqin 021-51666759

Huo Yuan 021-51666898

Wuyang 021-51666818

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