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[5.6Lithium Express] China Construction eighth Bureau to build 80GWh Lithium Battery production Base * SK Innovation is considering expanding production in Hungary and the United States
May 6,2020 09:36CST
The content below was translated by Tencent automatically for reference.

[annual capacity 80G watt-hour China Construction eighth Bureau to build a world-class lithium battery production base] Zhejiang Dawan District Wanxiang Innovation Lithium Battery No. 6 base project has entered a state of tension, after the completion of the project will reach 80G watt-hours, becoming the world's first lithium battery production factory. Annual production of 80g watt-hours! China Construction eighth Bureau to create a world-class lithium battery production base, to create a world-class industrial platform. In 2014, Wanxiang Group acquired Fisk, which is on a par with Tesla, and in 2019, Wanxiang Group invested in the construction of Wanxiang Ju Neng City to launch a battle for domestic new energy vehicles. The project is located in the core of the construction of Dawan District in Zhejiang Province, and Xiaoshan Science and Technology City, the frontier of the development of Yongjiang in Hangzhou, is the largest industrial project in Xiaoshan at present, and it is also the first industrial project with a single investment of more than 200 billion yuan so far in Hangzhou.

[Sany Group holding hands with Ningde era to usher in the era of electrification of Construction Machinery] recently, Sany Group and Ningde era signed a strategic cooperation agreement in Fujian. According to the agreement, the two sides will deepen the partnership, carry out close cooperation in the field of new energy construction machinery, and promote the electric development of the construction machinery industry. The two sides will give full play to their advantages in their respective industries, jointly open up markets, and speed up the development of new energy products in concrete machinery, mining machinery, port machinery, lifting appliances, excavators, heavy trucks and other fields.

[Samsung SDI 2020 Q1 net profit fell 54.6%] Samsung SDI reported 2020 Q1 sales of 2.39 trillion won (13.96 billion yuan), up 4.1% from a year earlier; operating profit fell 54.6% to 54 billion won (320 million yuan); net profit was 729 million won (4.259 million yuan), down 99% from the same period last year.

[Luoyang Molybdenum Industry's net profit to shareholders in the first quarter was 448 million yuan cobalt sales increased by 50% compared with the same period last year] Luoyang Molybdenum Industry announced that in the first quarter of 2020, the company realized operating income of about 22.38 billion yuan (the same unit below), an increase of 400% over the same period last year, and attributable to the net profit of the parent company of 448 million yuan, an increase of 39% over the same period last year, and basic income per share of 0.021 yuan. During the reporting period, China produced 3520 tons of molybdenum and 2355 tons of tungsten, while the output of copper and cobalt in the Democratic Republic of the Congo was 42700 tons and 3244 tons, respectively. Luoyang molybdenum sold 5344 tons of cobalt in the first quarter, up 50 per cent from a year earlier.

[SK Innovation is considering expanding production in Hungary and the United States] South Korean battery maker SK Innovation clearly wants to further increase its production capacity in the United States and Hungary to meet the growing demand for EV batteries. Quoting Chief Executive Kim Jun, SK Innovation is planning to open a second plant in Georgia with an annual capacity of 10 GWh, but did not say which customers the batteries will supply. The company's first plant in Georgia, which began construction in March 2019 and is expected to start production in 2022, will supply 10 GWh batteries to the Chattanooga plant near Volkswagen, Tennessee.

[Yibin Tianyi reduced AVZ subscription to avoid FIRB approval of Gatumbeixiang 5.3 million Australian dollars to exercise all options] Yibin Tianyi successfully completed 9% share subscription of AVZ Mining, with a total investment of 10.6 million Australian dollars (about 47.79 million yuan). The funds obtained from this additional issue can be used to repay US $1 million in convertible bonds, start the preliminary development of the Manunu project and maintain the daily expenses of the company. In addition, the previous investment company Gatumbeixiang (Canaccord Genuity Australia Limited) executed a securities underwriting agreement and exercised a A $5.3 million listing option due to expire on May 24. AVZ is also negotiating a final binding underwriting contract with Yibin Tianyi.

[Tesla Shanghai Super Factory has begun building Model Y production plant] according to reports from electric car maker Tesla, its super plant in Shanghai has begun building a plant to produce Model Y, a crossover sports multi-purpose electric vehicle. Tesla disclosed in its first-quarter results that the Shanghai Super Factory had begun to build the Model Y production plant, in which they released a number of pictures of the "Shanghai Super Factory-the Future Model Y Factory."

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