[Hainan: 10,000 yuan reward for buying new energy vehicles] recently, the Hainan Provincial Department of Industry and Information Technology, the Provincial Department of Finance, and the Provincial Public Security Department jointly issued the Circular on implementing the temporary Policy of promoting consumption of New Energy vehicles in Hainan Province. consumers who buy new energy vehicles in Hainan Province will be rewarded. The date of purchase and initial registration must be between April 30, 2020 and December 31, 2020. The total amount of comprehensive awards for new energy vehicles shall be controlled, and the total amount of awards shall not exceed RMB 150 million yuan, the award standard shall be RMB 10,000 yuan for each new energy vehicle, and the total amount of awards for new energy vehicles shall not exceed 15000.

[Nanjing: promoting more than 500 new energy trucks every year] A few days ago, the Nanjing Municipal Government issued the "implementation Plan of Nanjing Urban Green Freight Transport Distribution demonstration Project". It is mentioned in the implementation Plan that the new distribution vehicles in new energy cities will account for more than 50 per cent of the new (updated) urban distribution vehicles by the end of 2021, and the proportion of piles for pure electric trucks will reach 2:1. The "implementation Plan" also mentions the promotion of more than 500 new energy trucks every year, and gives preferential policies to freight distribution vehicles with unified identification in terms of passage, parking, and so on.

[Tesla Shanghai plant will increase production capacity to 4000 vehicles per week next week] at last month's earnings call for the first quarter of 2020, Tesla announced plans to increase production capacity to 4000 vehicles per week by mid-2020. Tao Lin, Tesla's vice president of foreign affairs in China, said the goal could be achieved as soon as next month. A capacity of 4000 vehicles per week means that Tesla's Shanghai plant can produce about 200000 vehicles a year. Tesla currently has a production capacity of 3000 vehicles per week. Tao Lin also revealed the production plan of the domestic version of Model Y, and the pure electric SUV Model Y will be offline at the Shanghai plant in the first quarter of 2021.

On May 19, Langu Smart Energy Co., Ltd. (Beijing) Energy Technology Co., Ltd. held the signing ceremony of the first batch of power exchange projects with France Power Changfeng (Sanya) Energy Co., Ltd. and Beijing Qingxian Technology Co., Ltd. in Sanya, Hainan, officially launched the layout of Hainan power exchange market.

[Shanghai: 4000 yuan of financial subsidy for each new car with national sixth emission standard to actively support the consumption of new energy vehicles] Automobile sales enterprises registered in this city purchase new fuel vehicles that meet the requirements of the sixth national emission standard. The city gives a financial subsidy of 4000 yuan to each car. For the electricity charges generated by consumers charging with individual charging piles with independent newspaper pile meters in this city, as well as charging in the city's public or special charging facilities and using the Shanghai charging facilities public data collection and monitoring municipal platform to pay the settlement of electricity charges and service charges, the city gives each consumer a subsidy of 5000 yuan.

[Yin Tongyue, chairman of Chery Automobile: proposed to abolish the restriction on positive integral carry-over of new energy] Representative Yin Tongyue put forward four suggestions based on the in-depth practice and investigation of the automobile industry. focus on the development of new energy vehicle industry, commercial vehicle points policy, the construction of new automobile standards and other issues, in order to solve the outstanding problems encountered in the process of coordinated development of China's automobile industry and the globalization of China's automobile industry. Promote the innovation and efficient development of China's automobile industry. Yin Tongyue suggested that the restrictions on the conditions related to the positive integral carry-over of NEV should be lifted to improve the enthusiasm of traditional automobile enterprises to develop the new energy automobile industry.

[Panasonic is in talks with Tesla to expand the capacity of the Nevada Geishi processing plant] it is reported that Panasonic is in talks with Tesla to expand the capacity of the Nevada Geishi processing plant to exceed its existing capacity of 35 GWh a year. The global installed capacity of power batteries in the first quarter of 2020 was 20.4 GWH, down 14.2% from the same period last year. Among them, Panasonic installed 5.2GWhs, accounting for 25.7% of the market, ranking second in the world.

SMM Cobalt Lithium small Metal Research team

Hu Yan 021 Murray 51666809

Qin Jingjing 021 Murray 51666828

Mei Wang Qin 021 Mui 51666759

Huo Yuan 021 Murray 51666898

Wu Yang 021 51666818

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