[Yongxing material: net profit in the first quarter is expected to increase 60% over the same period last year.] Yongxing material announced that the company expects to achieve a net profit of 119 million yuan to 126 million yuan belonging to shareholders of listed companies in the first quarter of 2021, an increase of 60% and 70% over the same period last year. During the reporting period, thanks to the rapid development of new energy vehicles and energy storage industry, the price of lithium salt materials continued to rise, the production and marketing of the company's lithium new energy business was good, and its profitability improved significantly, which was the main growth point of the company's profits in the current quarter. During the reporting period, the company's special steel new materials business improved steadily, and its production and sales increased significantly compared with the same period last year, leading to the growth of the company's performance. At the same time, the company released its annual results, KuaiBao, with a net profit of 258 million yuan, a decrease of 24.91 percent over the same period last year.
[aiming at the energy storage market, Beit Nano plans to invest in the construction of lithium iron phosphate soft package battery project] Hubei Beneng investment construction and production of high-performance lithium-ion battery project is located in Qichen Road, Xiangzhou District, Xiangyang City, Hubei Province, covering an area of 200mu. The project is planned to be built in two phases. The first phase of the planned production capacity of 1.5GW, the production of 68Ah lithium iron phosphate soft package battery; the second phase of the planned production capacity of 2GWH, planning 80~260Ah lithium iron phosphate soft package battery.
[Shanshan shares: the company's existing production capacity of lithium hexafluorophosphate is 2000 tons] Shanshan shares said on the interactive platform that the company has an existing capacity of 2000 tons of lithium hexafluorophosphate, which has been put into production, both for self-use and for export.
[he long, chairman of Fudi Battery, appeared at the launch site of Ford Electric vehicle. BYD supplied batteries to Ford] on April 13, he long, chairman of BYD's Fudi Battery, appeared at the launch site of Ford's Mustang electric vehicle in China and took a photo with Ford's senior executives in China. According to Ford insiders, the BYD ternary lithium battery is used in the Ford Mustang electric car. Earlier, there was news in the industry that BYD would supply batteries to Ford.
Despite the impact of factors such as the epidemic on China's automobile industry, most car companies still choose to adhere to independent research and development in the midst of the impact. In 2020, most car companies did not reduce their R & D investment, but increased the proportion of R & D in business revenue. Despite the influence of the epidemic and other factors, in April last year, four ministries, including the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the National Development and Reform Commission, jointly issued a notice that the subsidy policy for new energy vehicles was extended to the end of 2022, clarifying the principle that subsidies will be withdrawn gently. According to the annual reports of listed car companies, most car companies have gradually got rid of their dependence on subsidies.
[sources say Apple is close to signing an agreement with LG to produce Apple Car] LG Magna Electronic Powertrain, a joint venture between LG Electronics and Canadian car supplier Magna International, is close to signing a deal with Apple to produce its early electric vehicles.

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