[1.7 Lithium Express] Tesla's market capitalization soared * Wei responded to the plan to launch a lithium iron phosphate version of the car.

[GM China fourth quarter sales growth of luxury cars, SUV strong momentum] GM said on Wednesday that it had retail sales of more than 2.9 million vehicles in China in 2020. A total of 954325 vehicles were delivered in China in the fourth quarter, with sales up 14% from a year earlier. Subdivided into models, luxury models and SUV deliveries increased, with Cadillac up 56% in the fourth quarter, with full-year sales reaching a record 230527. Buick grew 28 per cent to 290027 in the fourth quarter and 4.1 per cent for the year to more than 885000. Sales of cars made by Wuling, GM and SAIC rose 35 per cent in the fourth quarter and 8.8 per cent in 2020 to 1.1 million units.

[Xilai responds to plans to launch a Lithium Iron Phosphate version: no comment] there are market news that LIfePo has contracted a lithium iron phosphate battery production line in Ningde era, and the Lithium Iron Phosphate version is in preparation for testing. Weilai did not deny this, saying only that it would not comment. Ningde Times, on the other hand, said that it could not answer on behalf of the customer.

[Zhenhua New Materials Co., Ltd. IPO accepted proposed to raise 1.2 billion plus code lithium cathode materials business] on January 5th, Guizhou Zhenhua New Materials Co., Ltd. applied for listing on Kechuang Board has been accepted, with CITIC Construction Investment Securities as its sponsor. IPO, Zhenhua new material plans to raise 1.2 billion yuan for lithium-ion battery cathode material production line construction project (Shawen II), lithium-ion power battery ternary material production line construction (Yilong II) and supplementary liquidity.

[the new Tang EV all-wheel drive high-performance version Honor model is sold at a subsidy of 283500 yuan] recently, BYD officially said that the 2021 Tang EV four-wheel drive high-performance version is officially on the market, with a subsidised price of 283500 yuan. The new car is a new model, between the previously listed long-lasting version of the Honor model and the four-wheel drive high-performance version of the Genesis flagship. The power part will be equipped with super intelligent electric four-drive system, the acceleration time of 0-100km/h is 4.6 seconds, and the range of NEDC is 505km.

[the market value of Tesla's delivery of about 500000 vehicles in 2020 soared to nearly $670 billion] Tesla, a US electric car maker, said in a statement that it produced and delivered more cars in the fourth quarter of 2020 than ever before.

Geely's total sales last year exceeded 1.31 million for four consecutive years. Geely's total sales in 2020 was 1320217, achieving its annual sales target and winning the title of passenger car sales of Chinese brands for four consecutive years. In addition, Geely aims to sell 1.53 million vehicles in 2021.