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

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.

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