[Xiangfenghua gem IPO successfully has a production capacity of 60, 000 tons of lithium electrode materials in the next three years] Xiang Fenghua plans to issue no more than 25 million shares, accounting for no less than 25% of the total share capital after the offering. The sponsor institution of this issue is Shen Wanhongyuan underwriting sponsor, and the audit institution is Zhonghua Accounting firm (Special General Partnership). According to the prospectus, Xiang Fenghua plans to raise 500 million yuan. After deducting the issuance expenses, the funds raised will be invested in the construction project of 30000 tons of high-end graphite anode material production base. According to Xiang Fenghua's plan, in the next three years, the company will focus on the research and development of new technologies and new products in the field of new energy and new materials, conscientiously implement fund-raising projects in accordance with the plan, realize high-end intelligent manufacturing, and expand production scale. firmly seize the opportunity of rapid development of the industry to form an annual production capacity of 60,000 tons of lithium battery anode materials.

It is reported that in the first half of this year, a total of 22267 electric vehicles were sold in South Korea, an increase of 23% compared with the same period last year. (Tesla's sales in South Korea soared by 1500% in the first half of this year compared with the same period last year. However, Tesla's sales of electric vehicles soared in South Korea in the first half of this year. Thanks to the increase in sales of Model 3 in South Korea, their sales in South Korea surged by 1587.8% in the first half compared with the same period last year, and the market share of electric passenger cars also increased to 43.3%.

According to foreign media reports, BMW will cooperate with German recycling professional company Duesenfeld to recycle as many as 96% of electric vehicle batteries in the future. When announcing the 2030 sustainable development strategy, BMW Group pointed out that one of the key elements to achieve a circular economy is the recycling of high-voltage electric vehicle batteries.

[the number of electric cars in the UK may reach 30 million in 2040] it is reported that, driven by the government's policy of suspending the sale of internal combustion engines, the number of electric cars on Britain's roads may soar to 30 million in the next 20 years. According to a report released on July 27th by (ESO), a power system operator owned by (National Grid Plc), the UK is very likely to achieve zero emissions by 2050. Electric vehicles and heat pumps are the key equipment to replace gas-fired boilers.

[Toyota will reorganize TRI-AD Technology Research Institute to form a new self-driving company] recently, Toyota announced that it will reorganize Toyota Research Institute-Advanced Development, a senior research and development company of Toyota Research Institute, and improve its business. It will set up a new holding company and two operating subsidiaries in January 2021. The new holding company, Woven CORE and Woven Alpha, two operating subsidiaries named Woven Planet Holdings, will focus on self-driving technology. The latter will look for new business opportunities and incubate innovative projects.

[BYD's cumulative promotion of pure electric commercial vehicles has shocked the launch of more than 70,000 new commercial vehicles] so far, BYD has promoted and applied more than 70,000 pure electric commercial vehicles around the world. Bus electrification has spread across six continents, more than 50 countries and regions, and more than 300 cities. It is the first Chinese car brand to enter Europe, the United States, Japan and other developed markets. On July 28, "Innovation leads the Future-2020 BYD Commercial vehicle launch ceremony" was solemnly held in Shenzhen. With a luxurious lineup of new shapes and technologies, Yaoshi debut and grand launch, BYD commercial vehicles scale new heights, set a new benchmark in the industry, continue to lead the development of new energy commercial vehicle technology and market, and open a new era of new energy commercial vehicles.

[ideal car IPO will raise $1.1 billion at $11.50] people familiar with the matter have reportedly revealed that ideal Motor will raise $1.1 billion in an (IPO) in New York after selling shares to investors at a higher-than-expected price. Ideal Motor will issue 95 million shares at $11.50 a share, according to sources, while the company's initial goal is to issue shares at a price of $8 to $10 a share. The IPO values the ideal car at about $10 billion. Hillhouse Capital (Hillhouse Capital), a private equity firm, agreed to invest $300m in it as part of IPO, the company said in a regulatory filing.

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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