LG Chemical signs 140GWh Power purchase Agreement * Weilai signs Deep Cooperation Framework Agreement with State Grid Electric

[Weilai signed deep cooperation framework agreement with State Grid Electric] on December 14, Weilai and State Grid Electric vehicle Service Co., Ltd. (hereinafter referred to as "State Grid Electric") signed the "Deep Cooperation Framework Agreement on recharging and Energy Services" at the Weilai Center in Beijing's Oriental Plaza. The two sides will fully integrate their respective advantageous resources, actively explore the innovation of business models for vehicles and charging, carry out cooperation in the co-construction of charging stations and vehicle network interaction, and jointly promote clean energy consumption.

[LG Chemical signs 140GWh Power purchase Agreement to cover electricity needed by Wuxi cathode material Factory] recently, Leyou New Energy material (Wuxi) Co., Ltd., a cathode material factory in Wuxi, Jiangsu Province, signed a power purchase agreement (Power Purchase Agreement, PPA) for 140GWh with the local wind and solar power company, Jiangsu Runfeng New Energy Co., Ltd., LG Chemical announced on December 14. According to public information, LG Chemical is a subsidiary of the LG Group. Since December 1 this year, the company has officially divided its battery business and set up a new company to take charge of the battery business. The new company name is tentatively named "LG ENERGY SLOLUTIONS" (LG Energy solution). After the spin-off, LG Chemical will hold a 100 per cent stake in the new company.

[Tesla domestic Model Y appears in Shanghai factory test zone] the domestic version of Tesla Model Y production car recently appeared in the test area of Shanghai Giga factory. This may indicate that domestic Tesla Model Y has been produced in China.

[the first batch of 7000 domestic Tesla Model 3s have all arrived at European ports] according to news on December 14, after the first car carrier Toscana carrying 3500 domestic Tesla Model 3 arrived at European ports on the 26th of last month, another car carrier carrying 3500 domestic Model 3s has also arrived at European ports, and so far the first batch of 7000 domestic Model 3s exported to Europe have all arrived in Europe.

[550km Volkswagen ID.3 will enter China next year at the earliest] the Volkswagen ID.3 real car has appeared in China, and the new car will enter the country and be sold as soon as 2021. At the same time, Volkswagen ID.3 will be made separately by North and South Volkswagen like ID.4.

[Mercedes-Benz plans to produce eight EQ models in seven factories in 2022] in 2022, Mercedes-Benz will include eight EQ models in its product portfolio, and its global production network is ready for an electrification offensive to produce EQ models in its existing plants.