[Ministry of Industry and Information Technology: more than 4.5 million new energy vehicles account for more than 50% of the world] recently, at a press conference held by the State Information Office, Xin Guobin, vice minister of industry and information technology, said that since the pilot demonstration and promotion of "ten cities and thousands of vehicles" was launched in 2009, after years of continuous efforts in various fields, China's new energy vehicle industry has made great progress and has become an important force in leading the transformation and upgrading of the automobile industry. At present, the scale of the new energy vehicle industry is the leading in the world, and its production and sales have ranked first in the world for five consecutive years. The cumulative promotion of new energy vehicles has exceeded 4.5 million, accounting for more than 50% of the global total.

[Fujian issued an action plan for new energy vehicles from 2020 to 2022, and a total of 560000 vehicles will be promoted by 2022] recently, 11 departments, including the Fujian Department of Industry and Information Technology and the National Development and Reform Commission, jointly issued a circular on "further accelerating the promotion and application of new energy vehicles and the high-quality development of the industry to promote the construction of" Electric Fujian "three-year Action Plan (2020-2022). The notice clearly will focus on cultivating and building industrial clusters of new energy vehicles, energy storage batteries and new energy equipment, and expand and extend the industrial chain. By 2022, the output value of the whole industry chain will exceed 280 billion yuan.

By 2022, a total of 560000 new energy vehicles will be popularized and applied in the province, doubling on the basis of the cumulative promotion and application in 2019. All the new and updated buses in the province adopt new energy vehicles; the new and updated highway passenger transport lines suitable for the application of new energy vehicles all adopt new energy vehicles; the new and updated urban parade taxis and net-booked taxis in the province all adopt new energy vehicles in principle, and accelerate the adoption of new energy vehicles in time-sharing rental vehicles. The new and updated sanitation and postal logistics vehicles in the central urban area all adopt new energy vehicles in principle.

[Tesla Austin Super Factory starts construction covers an area of 2000 acres] Tesla's Gigafactory in Texas has already begun construction. A few days ago, an aerial video taken by foreign media showed the early progress of the plant in Austin, Texas. Tesla has not yet provided a list of models and time nodes produced at the new factory, but there has been some very positive news from the outside world. Foreign media Electrek previously reported that Tesla plans to try to quickly deploy a Model Y assembly line in the new plant.

[Daimler's second-quarter net loss of 1.9 billion euros is expected to be positive for the full year.] on July 23, Daimler released its second-quarter financial results. Financial results show that the company has withstood the impact of the novel coronavirus pandemic and performed better than expected. Specifically, in the second quarter of this year, Daimler Group sold a total of 541800 passenger and commercial vehicles, down 34% from 821700 in the same period last year; revenue fell 29% to 30.2 billion euros (same period in 2019: 42.7 billion euros); profit before interest and tax was negative 1.682 billion euros (same period in 2019: negative 1.558 billion euros); adjusted profit before interest and tax was negative 708 million euros (same period in 2019: 2.447 billion euros); A net loss of 1.906 billion euros (compared with a net loss of 1.242 billion euros in the same period in 2019); industrial free cash flow was positive and industrial net liquidity remained stable compared with the first quarter of 2020.

[a more comprehensive range of sales will be added to the used car business] recently, it has been learned from relevant channels that industrial and commercial changes have taken place in Shanghai Yulai Automobile sales and Service Co., Ltd., with new used car dealerships and used car brokers in its business scope. This means that Ulai will focus on the second-hand car business. Up to now, there is official second-hand car business in the car mall of Weilai APP, while the new second-hand car dealership, second-hand car brokerage business should be mainly aimed at the purchase of customers, if it is the replacement of other brands of models, then Weilai will be able to sell these second-hand models.

[ideal Auto Renewal prospectus: IPO raises up to $1.473 billion] in the early morning of July 25, ideal Motors updated its prospectus and the company will issue 95 million shares of ADS, and IPO underwriters have oversubscribed rights to 14.25 million shares of ADS at a price range of $8 to $10. Based on this calculation, the ideal car IPO fundraising range is between $874 million and $1.093 billion. On July 11, ideal Motor submitted its prospectus to the United States for the first time. According to the updated prospectus, existing shareholders of ideal Motor have agreed to buy $380 million of Class A common shares. Among them, Meituan subscribed for US $300m, byte jump subscribed for US $30 million, and Wang Xing subscribed for US $30 million for, Kevin Sunny Holding Limited subscriptions of US $20 million.

[mass production Volkswagen ID.1 concept Edition released in 2023] Volkswagen is working to promote its ID. line of products. A few days ago, foreign media reported that ID. The conceptual version of the series entry-level model ID.1 will be officially released in 2023 and the production version will be launched in 2025.

SMM Cobalt Lithium small Metal Research team

Hu Yan 021-51666809

Qin Jingjing 021-51666828

Mei Wangqin 021-51666759

Huo Yuan 021-51666898

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