[China Automobile Association: new energy vehicles can be purchased in the countryside with a discount of up to 8000 yuan.] on July 15, the China Association of Automobile Manufacturers (CAA) learned that after the three departments organized activities for new energy vehicles to go to the countryside, a number of car companies have responded positively to participate. Car purchases of different models in different regions can be discounted by 2000 yuan to 8000 yuan, and the final preferential measures are still being determined. Earlier in the day, the General Office of the Ministry of Industry and Information Technology, the General Office of the Ministry of Agriculture and Village, and the General Office of the Ministry of Commerce issued a notice on the activities of new energy vehicles going to the countryside. According to the notice, the time for the new energy vehicles to go to the countryside is from July 2020 to December 2020.
Recently, the company's wholly-owned subsidiary Green Mei (Wuxi) Energy Materials Co., Ltd. (hereinafter referred to as "Wuxi Greenmei" or "Party B") and Wuxi Airport Economic Development Zone Management Committee (hereinafter referred to as "Wuxi Airport Economic Development Zone Management Committee" or "Party A") signed an investment in new energy high-value recycling project (hereinafter referred to as "Wuxi Airport Economic Development Zone Management Committee" or "Party A"). The project invests 528 million yuan to form an industrial scale of high-value recycling of 100000 new energy vehicles per year, high-value recycling of 100000 sets of power battery packs per year, and a research and development platform for an engineering research center for high-value utilization of power batteries and new energy vehicles in Jiangsu Province. to build an industrial demonstration base and engineering technology research center for green recycling of power batteries and new energy vehicles in Jiangsu Province. It has become the world's advanced recycling and green disposal center for power batteries and new energy vehicles. Party B plans to start construction of the project before October 2020 and is expected to be completed and put into production by September 2022.
[LG Chemistry wants to take the lead in Lithium Battery to compete with Ningde Times] LG Chemical CEO Shen Kezhe (ShinHak-cheol) said in a recent interview that the company currently has orders worth 150 trillion won ($125 billion), which will keep the company busy for the next five years. "We need to expand capacity to meet the backlog of orders."
[BMW signs 2 billion euros supply contract with Swedish battery core maker Northvolt] BMW has signed a 2 billion euro contract with Swedish battery core maker Northvolt to ensure the supply of its upcoming electric models. BMW said the new orders would begin in 2024, when Northvolt's Skelleftea plant plans to expand capacity. In cooperation with Northvolt, raw materials for battery production, including cobalt and lithium, will be purchased from "mines that meet the high sustainability standards of the two companies".
[Hyundai intensive meeting with Chinese and South Korean battery companies to put purchase orders in multiple baskets] it has been reported that Ningde Times will supply power batteries to South Korea's Hyundai Motor Group globally. Hyundai Motor responded today that China's Ningde era only supplied batteries to Beijing Hyundai and Dongfeng Yueda Kia and did not know the information about expanding supply. Ningde Times declined to comment on the news. Hyundai not only has the possibility of reaching global power battery cooperation with Ningde era, but also has frequent contact with Korean power battery companies. Recently, Zheng Yixuan, chief vice president of Hyundai Motor, successively met with the leaders of Samsung SDI, LG Chemistry and SKInnovation to discuss the cooperation of the power battery industry, the future research and development of batteries and the development of electric platforms.
[Hyundai and Kia plan to sell 1 million electric vehicles in 2025] Hyundai and Kia plan to sell 1 million electric vehicles in 2025, Zheng Yixuan, head of Hyundai Motor Group, said on Tuesday. The goal is to occupy more than 10% of the global electric vehicle market. In December, Hyundai said it planned to invest 61.1 trillion won ($51.81 billion) in research and development and future technology over the next six years, of which about 1/3 would be spent on electric and self-driving cars.
[attracting Tesla's local government to agree to cut taxes by at least $14.7 million] Travis County, Texas officials voted on July 14 that if the country's electric car maker Tesla builds a plant near Austin Airport, there will be at least a $14.7 million tax cut. Tesla proposes to build a car assembly plant near Austin, where the Texas capital is located. Tesla may need to spend $5 million to buy the land and another $1.1 billion to build a factory, Consumer News and Business Channel reported on the 14th. The factory will be used to make Cybertruck pick-up trucks.
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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