[7.2Lithium Express] SKI adds $940 million to expand the second battery plant in the United States * Tesla surpasses Toyota to become the world's largest car company by market capitalization

[Tesla overtook Toyota to become the world's most valuable car company] Tesla replaced Toyota as the world's most valuable car company, highlighting investors' enthusiasm for Tesla's attempt to challenge the internal combustion engine industry, which has a history of more than 130 years. Tesla's shares have more than doubled since the start of the year, climbing 3.5% in intraday trading on Wednesday, with a total market capitalization of $207.2 billion, surpassing Toyota's $201.9 billion. Tesla produced 103000 vehicles in the first quarter, accounting for only about 4 per cent of Toyota's nearly 2.4m production, while Toyota's brand is based on the cost-effectiveness and reliability of cars brought about by mass-production innovation. Tesla overtook Volkswagen in January to become the world's second-largest carmaker by market capitalization. Its market capitalization is more than twice that of the German car giant.

Increase capital by US $940 million! SK Innovation wants to expand its second battery plant in the United States] SK Innovation has signed an additional $940 million investment agreement to expand its electric vehicle battery plant in Commerce Ga, Georgia. It is reported that the company initially planned to invest US $1.67 billion to build its first factory in the city of Commerce Ga, which will create 2000 jobs for Commerce Ga, while the additional expansion is expected to add about 600 jobs. According to previous news, SK innovation's first plant broke ground in March 2019 and is expected to start mass production in 2022, while construction of the second plant is expected to begin in July and start production in 2023. When both plants are completed in 2023, they will work with plants in Europe and Asia to provide SK innovation with a global annual production capacity of 71 GWh, making it one of the world's leading electric vehicle battery manufacturers.

[global list of New Energy vehicles in May: more than half of China's Market share] according to EVsales data, global sales of new energy passenger vehicles reached 145000 in May, up 31.1% from the previous month, down 19.3% from the same period last year, and the decline has been reduced. Tesla Model 3 has global sales of 20, 000 vehicles and its Chinese market accounts for 53.2 per cent. So far, Tesla's cumulative global sales of the Model 3 have exceeded 100000, making it the only model so far this year that has sold more than 100000.

[Tianli LiNeng has submitted an application for listing on the gem with a sales income of about 983 million yuan of ternary materials last year] on July 1, Tianli LiNeng announced that today the company has submitted the application materials for an initial public offering of shares and listing on the gem to the Shenzhen Stock Exchange, and the company's shares will be suspended from trading in the national share transfer system for small and medium-sized enterprises from July 2, 2020. According to public data, Tianli LiNeng was established in March 2009, and the new third board was listed in 2015 to open the door to financing. On May 24, 2019, the National Stock transfer Company released the list of companies listed in the innovation layer in 2019. Tianli LiNeng has been selected in the innovation layer for three consecutive years. In November 2019, Tianli LiNeng announced that it had been 150 million owned by the State-owned assets Supervision and Administration Commission of Anhui Provincial Government. Tianli LiNeng, a high-tech enterprise specializing in the research, development, production and sales of cathode materials for lithium-ion batteries, is one of the few suppliers with the production capacity of both precursor and finished ternary materials in the industry. Among them, the annual production capacity of ternary nickel-cobalt lithium manganate is 5000 tons, that of hydrogen storage alloy powder for Ni-MH battery is 1000 tons, and that of zinc powder for disposable zinc-manganese battery is 3000 tons.

[BMW electric vehicles will use batteries made from renewable energy] BMW said on Tuesday local time that its electric vehicles would use batteries made from renewable energy. The company also said that with the increase in BMW electric vehicle production, the use of green energy will reduce carbon dioxide emissions by about 10 million tons over the next 10 years.

[maximum reward 10 million Sichuan 18 measures to support the development of new energy vehicles] recently, the Sichuan Economic and Information Office issued a request for "several policies and measures in Sichuan Province to support the development of new energy and smart car industry (draft for soliciting opinions). 18 policies have been put forward to support the development of new energy and smart car industry. Sichuan Province gives 1 million yuan to each model after the annual sales of new energy models newly developed by enterprises in the province reach a certain level, as well as a one-time reward of 0.5% of sales. Hydrogen fuel cell products are rewarded to development units and user units in a certain proportion according to the unit price of complete sets of equipment and individual equipment and the actual total sales volume, with a maximum of 5 million. Projects that have made major technological breakthroughs will be rewarded with 30% of the actual investment, and a one-time special subsidy of 10 million yuan will be given to the newly identified provincial manufacturing innovation centers.

[Shanghai will add 10 to 200000 charging piles in the next three years will speed up new infrastructure for new energy vehicles] Wu Jincheng, director of the Shanghai Economic and Information Commission, said on July 1 that Shanghai will further speed up the new infrastructure of charging piles for new energy vehicles. 100000 to 200000 new public and private charging piles will be added in the next three years, making the network of charging piles more intensive. At the same time, it will also promote the rapid update iteration of shared charging technology, so that more new energy vehicles can achieve fast charging, and cars with low time requirements can adopt slow charging, so as to achieve reasonable and optimal allocation of resources.

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

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