Home / Metal News / Minor Metals / General Motors and LG Chemical Joint Venture Battery Plant opens * Zhuhai Guoxuan 17 million shares unpledged or pave the way for Volkswagen Holdings
General Motors and LG Chemical Joint Venture Battery Plant opens * Zhuhai Guoxuan 17 million shares unpledged or pave the way for Volkswagen Holdings
May 22,2020 09:43CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

[GM and LG Chemical Joint Venture Battery Plant opens] recently, it has been reported that GM will start construction of the LG Chemical battery plant in Loddstown, Ohio. The plant, with an investment of US $2.3 billion, will use batteries from the 2022 GMC HUMMER EV electric full-size pickup to the new Chevrolet Bolt. It is reported that the new factory, named Ultium Cells LLC, covers an area of about 30 football fields and will be able to provide 1100 new jobs a month when it is officially completed. It is expected to start production in 2022, and the planned annual production capacity is 30GWh.After 2023, the production capacity will reach its peak.

[Tianjin: 35000 new personal indicators are given 2000 yuan chargeable coupons] on May 21, the General Office of the Tianjin Municipal people's Government officially released "Tianjin measures to promote Automobile consumption" (referred to as the "measures"). Among them, it is clearly proposed that there will be 35000 additional individual incremental indicators for minibuses in 2020, all of which will be allocated by lottery, and the monthly allocation of specific indicators will be arranged as a whole by the Municipal Transportation Commission. With regard to new energy vehicles, from January 1, 2021 to December 31, 2022, new energy vehicles will continue to be exempted from vehicle purchase tax. During the period from June 1 to December 31, 2020, people living in this city or units registered in this city will purchase new energy minibuses in this city, and each car will be given a consumption voucher of 2000 yuan for car charging, with no more than 30000 cars in the city.

[SQM's first-quarter net profit is about $45 million affected by the epidemic. First-quarter lithium sales fell short of expectations.] on May 19, SQM released its first-quarter results, showing that SQM's first-quarter net profit was about $45 million, lower than the results of the same period last year. SQM said at the meeting that its sales were severely affected by the new crown virus in the first quarter of 2020, lithium prices fell sharply at the beginning of this year, and lithium sales were lower than the record set in the first quarter of last year and lower than expected in this quarter.

[17 million shares of Zhuhai Guoxuan are released from pledge or pave the way for Volkswagen Holdings] on May 21, Guoxuan Hi-Tech Co., Ltd. issued an announcement that part of its largest shareholder, Zhuhai Guoxuan, has been released from pledge. This is the second announcement of Guoxuan Hi-Tech in three days. On May 21, sources familiar with the cooperation said that the "manufacturing" deal mentioned in the announcement was made by Volkswagen, and that the stake in Guoxuan was 30% of the previously rumored shares.

Recently, Tesla Global Vice President Tao Lin said in an interview that Tesla's second pure electric SUV Model Y will be offline at the Shanghai plant in the first quarter of 2021. At present, the second phase of the Shanghai super factory is also progressing very smoothly, and the construction is expected to be completed by the end of this year.

[general Electric: power battery rookie "million Mile Battery" is about to be developed. According to foreign media reports, Doug Parks, executive vice president of General Motors, said that the company is close to success in developing a power battery for electric vehicles with a range of 1 million miles. It is reported that this kind of power battery can keep the electric vehicle driving for 1 million miles (1.61 million kilometers). However, the GM executive did not specify a timetable for the launch of the million-mile battery. GM and its subsidiaries and joint ventures sell Cadillac, Chevrolet, Baojun, Buick, GMC, Horton and Wuling brands around the world.

[Xu Heyi: it is suggested that the government should lead the establishment of a power battery industry guidance fund to provide innovative financial support] Xu Heyi proposed that the government should lead the establishment of a power battery industry guidance fund to provide innovative financial support to the whole industry chain. to co-ordinate and enlarge the life cycle value of power batteries. "the special battery industry guidance fund, which can be mainly guided by the government and supplemented by the capital of the new energy vehicle industry chain, can explore the construction of an industrial operation mode under the" separation mode of battery and vehicle assets ", that is, the battery and the whole vehicle are not physically separated and can be oriented to the traditional charging mode and power exchange mode." Xu Heyi said.

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

Click to register: "2020 (Fifth) China International Nickel, Cobalt and Lithium Summit Forum"

To sign up for the Nickel-Cobalt-Lithium Summit or apply to join the SMM New Energy vehicle / Cobalt-Lithium Industry Exchange Group, please scan the QR code below:

Cars
batteries
cobalt lithium
new energy

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news