[Zhejiang Hongyou Power was filed for bankruptcy liquidation] on May 9, the Zhejiang Huzhou South Taihu New District people's Court issued a "notice on accepting the bankruptcy liquidation of Zhejiang Hongyou Power system Co., Ltd." the announcement said that according to the application of the creditor Huzhou Jinyuan Construction Engineering Co., Ltd., on April 13, 2020, it ruled to accept the bankruptcy liquidation case of the debtor Zhejiang Yuanyou Power system Co., Ltd. The relevant creditors shall declare their claims to the manager of Zhejiang Wanyou Power system Co., Ltd before August 7, 2020. Wanyou Power was established in November 2016. at present, there are two major battery production bases in Huzhou and Zhaoqing, with a capacity of 5GWhH in 2019 and is expected to reach 8GWh in 2020.

[BAIC New Energy sales fell 88.3% in April from a year earlier] on May 8, BAIC Blue Valley released a production and sales report for April 2020 from its subsidiary Beijing New Energy Automobile Co., Ltd. Production in April was 432, down 25.26% from the same period last year; sales were 586, down 88.3% from the same period last year. From January to April 2020, the cumulative output was 6165 vehicles, an increase of 79.74% over the same period last year, and the cumulative sales volume was 9586 vehicles, down 68.13% from the same period last year.

[Jianghuai iC5 listed on the subsidy after the sale of 14.99-175900 yuan] on May 10, Jianghuai iC5 officially went on sale, with a price range of 14.99-175900 yuan after the subsidy. As a new pure electric compact vehicle built by Jianghuai Automobile, Jianghuai iC5 is based on Jianghuai's new 432 platform, equipped with ternary lithium battery pack with 54.8kWh and 64.5kWh capacity, and the integrated mileage of NEDC is 450km and 530km respectively.

Yabao reportedly revealed on Thursday that it was considering buying all or part of Tianqi's stake in the Greenbushes mine in Western Australia, which has the world's largest hard rock lithium reserves. [Yabao is interested in Greenbusheses, which is in the hands of Tianqi Lithium.] Yabao said Thursday it is considering buying all or part of Tianqi's Greenbushese mine in Western Australia. According to the first quarter, Kent Masters, head of lithium mining at Yabao, said the company was interested in Tianqi Lithium's stake in Greenbushes. Masters added that Yabao, one of the world's most important battery makers, will make decisions on a case-by-case basis.

[Yiwei Lithium Energy won the bid for China Mobile Lithium Phosphate Battery purchase Project] A few days ago, Yiwei Lithium can successfully win the bid for China Mobile Lithium Iron Phosphate Battery purchase project by virtue of its strong technical strength and perfect and meticulous service. Yiwei Lithium can show that this project marks a new breakthrough in the field of 5G communication power supply market, which is of great significance, in line with the company's development strategy, and has a positive impact on the development of the company.

According to statistics, a total of 12995 new vehicles were sold by BYD in April this year, down 45.9% from the same period last year. From January to April 2020, BYD's cumulative new energy sales were 35187, down 63.79% from the same period last year.

[Tesla said US factories resumed operations this week to emulate the Shanghai model] on May 11, Tesla said it had begun the process of resuming operations and issued a plan to return employees and contractors to work, at a time of escalating controversy between the company and its CEO Musk and local health authorities in California over local home quarantine orders. The company's Fremont plant in California has been idle during the New Crown outbreak. "our restart plan is the result of months of careful planning and preparation," Tesla management said in a blog titled "back to work". It is modelled on the full resumption plan of our Shanghai super factory, which has been operating smoothly and healthily in the past three months. "

SMM Cobalt Lithium small Metal Research team

Hu Yan 021-51666809

Qin Jingjing 021-51666828

Mei Wangqin 021-51666759

Huo Yuan 021-51666898

Wu Yang 021 51666818

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