[3.3 Lithium Express] New energy vehicle stocks fell collectively on Tuesday * independent car companies scrambled to enter the "China Core" ice-breaking operation

On the evening of March 2, U.S. stocks opened slightly higher, with the Dow up 0.08%, the S & P 500 up 0.12% and the Nasdaq up 0.05%. The Chinese stocks of new energy vehicles fell collectively, with Weilai down 7%, Xiaopeng car down 5%, and ideal car down 3%.

[new energy car stocks fell 13% on Tuesday. Xiaopeng Motor fell more than 11%.] at the close of trading on Tuesday, new energy vehicle stocks fell collectively, and shares of NYSE:NIO fell 13% to $43.29.

[Hainan Province plans to issue "Hainan Provincial guidance on supporting the Construction of Electric vehicle Exchange Power stations"] the Hainan Provincial Development and Reform Commission issued a circular on doing a good job in the construction of electric vehicle charging infrastructure in 2021: in 2021, all levels should thoroughly implement the decisions and arrangements of the provincial party committee and provincial government, further enhance ideological understanding, and take various measures to vigorously promote the construction of charging infrastructure. To ensure the achievement of the provincial government's annual target that the overall ratio of vehicle piles in the province is less than 2.5 per cent.

[Hainan Province plans to issue guidelines to support the construction of electric vehicle exchange stations] the Hainan Provincial Development and Reform Commission issued a circular on the construction of electric vehicle charging infrastructure in 2021, which pointed out that the province plans to build 10000 new charging piles this year. Sinopec, CNOOC, CNOOC, and Provincial Transportation Investment holding Co., Ltd., etc., should earnestly do a good job in the construction of charging piles in highway service areas, so as to achieve full highway coverage by the end of this year. Hainan Province plans to issue the "Hainan Provincial guidance on supporting the Construction of Electric vehicle Exchange Power stations", which should be conscientiously implemented at all levels.

On the evening of March 2, Volvo unveiled its global electrification strategy and said it would sell only electric cars in 2030. At the same time, Volvo launched a new all-electric sedan SUV--C40 Recharge. It is reported that the new car, which is based on the pure electric version of Volvo XC40, will be officially launched in China next year and will be sold only online.

[independent car companies scramble to enter the "China Core" icebreaker] the embarrassment of China's automobile industry, which has long been strangled by chips, is expected to be gradually alleviated in the era of smart electric vehicles. Due to the new generation of automotive technologies such as self-driving, car networking, and new energy vehicles, the demand for chips has reached a new height, which has spawned a large number of local players in the past two years, including vehicle companies that have rarely set foot in this field in the past. also scramble to enter the chip industry on a large scale, through self-research or joint ventures with leading automotive chip companies to strengthen the sense of presence in the chip field. At the same time, the national level also began to give guidance and support related to industrial development.