Ningde Times plans to purchase 10, 000 tons of battery-grade lithium carbonate and 3000 tons of battery-grade lithium hydroxide * Tesla's second-quarter sales exceeded expectations

Published: Jul 03, 2020 09:43 (GMT+8)

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[Ningde Times purchased 10, 000 tons of battery-grade lithium carbonate and 3000 tons of battery-grade lithium hydroxide from Weihua in the coming year] on July 2, Guangdong Weihua Co., Ltd. (hereinafter referred to as "the company") and Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as "Ningde Times") signed the "long Association contract for 2020," Ningde Times plans to purchase 10, 000 tons of battery-grade lithium carbonate and 3000 tons of battery-grade lithium hydroxide from the company from July 2020 to June 2021. Ningde Times is the world's leading power battery system provider, with core technical advantages and sustainable R & D capabilities in key areas of the industry chain, such as battery materials, battery systems, battery recycling, and so on, forming a comprehensive and perfect production and service system. The company's cooperation with it is conducive to the expansion of the company's lithium salt business. The smooth implementation of this contract will have a positive impact on the company's performance in 2020mur2021.

[Hefei Guoxuan and Liuzhou Investment set up a joint venture company to implement the annual 10GWh power battery production base project] on July 1, Guoxuan Hi-Tech announced that the company's wholly-owned subsidiary Hefei Guoxuan Hi-Tech Power Energy Co., Ltd. (hereinafter referred to as "Hefei Guoxuan") signed a "cooperation agreement" with Guangxi Liuzhou Dongcheng Investment and Development Group Co., Ltd. (hereinafter referred to as "Liuzhou Investment") in June 2020. The two sides jointly contributed 150 million yuan to set up a joint venture Liuzhou Guoxuan Battery Co., Ltd. (hereinafter referred to as "Liuzhou Guoxuan"). Among them, Hefei Guoxuan contributed 100 million yuan with its own funds, accounting for 66.67% of the registered capital of Liuzhou Guoxuan, while Liuzhou Investment contributed 50 million yuan, accounting for 33.33% of the registered capital of Liuzhou Guoxuan. After the completion of this investment, Liuzhou Guoxuan became a holding subsidiary of the company. At the same time, Guoxuan Hi-Tech also disclosed a pre-plan for a non-public offering of A-shares, the total amount of funds raised this time does not exceed 7.306 billion yuan, and according to the agreement between the company and the subscriber Volkswagen China, the total subscription amount of the subscriber is not less than 6 billion yuan, that is, the total amount of funds raised is not less than 6 billion yuan. After deducting the issuing expenses, the net funds raised will be used for the industrialization project of Guoxuan battery with annual production of 16GWh high specific energy lithium battery, 30000 tons of high nickel ternary cathode material with annual output of Guoxuan materials and supplementary liquidity.

[Tesla second quarter sales: 90650 vehicles worldwide China 31000 vehicles] on the evening of July 2, Tesla released its second quarter sales figures. Data show that Tesla delivered 90650 vehicles in the second quarter, including 10600 for Model X and Model S and 80050 for Model 3 and Model Y.

Tesla is hot again! The market capitalization has soared by 8%, "crushing" Toyota by 300 billion! By Thursday's close, Tesla was up 7.95%. In just four trading days this week, Tesla has risen by more than 25%.

[Tesla cut the price of Model S and Model X by 8000 yuan in China.] on July 2, Tesla cut the starting price of its Model S in China from 764900 yuan to 756900 yuan, and the starting price of Model X in China from 780900 yuan to 772900 yuan, a drop of 8000 yuan, according to Tesla's official website.

On July 2, Weilai released delivery data for June and the second quarter of 2020. The data showed that a total of 3740 vehicles were delivered in June this year, an increase of 179.1% over the same period last year, of which 2476 were ES6. Xilai delivered 10331 vehicles in the second quarter of 2020, an increase of 190.8 per cent year-on-year and 169.2 per cent month-on-month. As of June 30, 2020, the cumulative delivery volume of ES8 and ES6 has reached 46082 vehicles, of which 14169 vehicles were delivered in 2020.

[BMW's German plant expands production of electric car parts] BMW reportedly said it would invest 500m euros ($563 million) in its largest plant in Europe to produce electric car parts.

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