Ningde Times has become the head supplier of Mercedes-Benz * the new base of Kaiwo Automobile will produce 15000 new energy vehicles a year.

Published: Aug 6, 2020 09:32

Ning Jizhe, deputy director of the National Development and Reform Commission: in the second half of the year, we should firmly grasp the strategic starting point of expanding domestic demand. In terms of investment, we will focus on promoting the "two new and one heavy" construction of major projects such as new infrastructure, new urbanization, and transportation and water conservancy, increase efforts to make up for deficiencies in areas such as public health, emergency materials reserves, and transportation and energy, and implement urban renewal. we will speed up the transformation of old urban neighborhoods. In the second half of the year, China will accelerate the development of new types of consumption such as smart retail and online education, promote the transformation and upgrading of automobile and home appliance consumption, encourage cities with limited purchases to appropriately increase car purchase limits, relax restrictions on the purchase of new energy vehicles, and give appropriate subsidies to the purchase of new energy vehicles.

[Ningde Times becomes Mercedes-Benz head supplier and the two sides will jointly develop the next generation power battery] on the evening of August 5, Ningde Times officials learned that it will further strengthen its cooperation with Mercedes-Benz in the field of battery technology to support the large-scale electrification of Mercedes-Benz models. It is reported that the strategic agreement covers all areas of power battery technology, including the cells and modules for Mercedes-Benz passenger car products, and the overall battery pack for its light business vehicle products, which will have promising innovative technology configurations, such as Ningde-era CTP (module-less battery pack) product design.

[fixed increase of 19.7 billion yuan the pace of development of the Ningde era is accelerating] on August 4, 2020, the Ningde era's new non-public offering shares were listed on the Shenzhen Stock Exchange. according to the previously issued listing notice, 122360248 new shares were added in this non-public offering. the issue price is 161.00 yuan per share, and the fund raised is about 19.7 billion yuan. According to the notice, a total of 38 investors participated in the purchase, and nine issuance targets were finally identified. They are Hillhouse Capital Management Co., Ltd., Honda Technology Research Industry (China) Investment Co., Ltd., Pacific Asset Management Co., Ltd., UBS AG, Beixin Ruifeng Fund Management Co., Ltd., J.P. Morgan Securities plc, Guotai Junan Securities Co., Ltd., JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, Zhuhai Hillhouse Suicheng Equity Investment Partnership (limited partnership).

[Kaiwo Automobile Group's new Hohhot smart base will produce 15000 new energy vehicles per year] on August 4, the foundation laying and product promotion meeting of Kaiwo Automobile Group's Hohhot intelligent base was held in Hohhot Jinshan High-tech Zone New Energy Automobile Industry Park. Kaiwo New Energy Automobile Group Co., Ltd. invested in the new "Kaiwo New Energy vehicle Intelligent Manufacturing Base" project in Tuzuoqi, with a total investment of 1.5 billion yuan. Build an annual output of 5000 large and medium-sized buses, 5000 pure electric semi-trailers, 5000 pure electric special purpose vehicles and supporting parts industry projects, to create a domestic first-class production base of new energy vehicles.

[Tesla plans to build more retail stores in North American and overseas markets, with emphasis on the Chinese market] it is reported that Tesla will greatly expand the size of his retail stores, and plans to build more retail stores in North American and overseas markets to tie in with the earlier announced plans to increase production. In the North American market, it is known that Tesla will set up new retail stores in Arizona, Texas and Wisconsin in the United States, as well as new retail stores in Quebec and Montreal, Canada. In overseas markets, China will be the focus of expansion; Singapore, which has been unable to enter the market because of regulatory problems, will also make progress.

 

 

[3 times the size of the Berlin factory Tesla started construction of the second US factory in the United States] Tesla's second vehicle factory in the United States, the Austin Super Factory in Texas, has begun construction, covering an area of more than 2000 acres (about 8.09 million square meters). It is three times the size of Tesla's Berlin car super factory.

[Lu Bin, co-founder of Weima Motor, has left the company at the end of the year at the earliest.] on August 5, it was learned exclusively from a number of people familiar with the matter that Lu Bin, co-founder and chief travel officer of Weima Automobile, had resigned. As of press time, Weimar did not respond to the news. According to public data, in 2015, Lu Bin and Shen Hui, founder of Weimar, jointly founded Weimar. Lu Bin is in charge of strategic planning and implementation, and has established business systems such as product planning, marketing, sales channels, customer management, public relations, after-sales support and travel services.

SMM Cobalt Lithium small Metal Research team

Hu Yan 021-51666809

Qin Jingjing 021-51666828

Mei Wangqin 021-51666759

Huo Yuan 021-51666898

Scan the code to apply to join the SMM industry communication group:

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
22 hours ago
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
Read More
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.
22 hours ago
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
22 hours ago
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
Read More
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.
22 hours ago
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
22 hours ago
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Read More
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.
22 hours ago