Tesla Europe sales plummeted in April * Ganfeng Lithium Industry plans to launch the second phase of Cauchari-Olaroz Lithium Salt Lake Project not less than 20, 000 tons of Lithium Carbonate expansion Project

[Ganfeng Lithium Industry: plans to launch the second phase of Cauchari-Olaroz Lithium Salt Lake Project not less than 20,000 tons Lithium Carbonate Project] on May 28th, Ganfeng Lithium Industry announced that Sun Company Minera Exar its Cauchari-Olaroz Lithium Salt Lake project. Recently, the company's debugging and construction team has arrived at the project site to help promote the production start-up of the first phase of the battery-grade lithium carbonate project with an annual design capacity of 40,000 tons. At the same time, considering the rich lithium reserves of the Cauchari-Olaroz Lithium Salt Lake project, and based on the judgment of the growth prospect of market demand for high-end lithium salt products at home and abroad, MineraExar decided to initiate the evaluation of the feasibility of production expansion of the second phase of the Cauchari-Olaroz lithium salt lake project, and initially planned that the production capacity of the second phase of the project would not be less than 20,000 tons of lithium carbonate equivalent. The construction of the second phase of the project is scheduled to begin in the second half of 2022, that is, after the first phase of the project has a capacity of 40,000 tons of battery-grade lithium carbonate and put into production, and production will begin in 2025.

[Xingyuan material: plans to invest 10 billion yuan in lithium battery diaphragm R & D and production project] on May 28th, Xingyuan material announced that the company plans to invest in the R & D and production project of lithium battery diaphragm in Nantong Economic and technological Development Zone. the investment and construction of the project is divided into three phases, with an annual output of 3 billion square meters of wet diaphragm and coated diaphragm, with a total investment of 10 billion yuan.

[Hon Hai contacts or cooperates with Formosa Plastics on electric vehicle power batteries] Hon Hai and Formosa Plastics conspired to cooperate. Liu Yangwei, chairman of Hon Hai, led a team to call on Formosa Plastics Group a few days ago and met with Wang Wenchao, member of the standing Committee of Formosa Plastics Enterprise Management Center, and other executives, and received a friendly response, completing the first type of contact between the two groups. According to informed sources, the Formosa Plastics Group has made great achievements in the development of electric vehicle power batteries in recent years. Liu Yangwei's visit mainly hopes to rely on the relevant energy of the Formosa Plastics Group to complement the most critical jigsaw puzzle for the development of the electric vehicle business of the Hon Hai Group.

[EV Sales: Tesla Europe sales plummeted last month] the new energy vehicle sales statistics website EV Sales released the ranking of new energy vehicle sales in Europe in April, and Tesla fell out of the top 20. The European market delivered more than 159000 vehicles last month, up 23 per cent from a year earlier, while Tesla delivered only 1244 Model 3 in Europe in April, down 95 per cent from March.

[Li Bin: the average price of Weilai is 430000, which is more than one hundred thousand more expensive than Tesla and has initially established a high-end brand.] the fourth National Young Entrepreneur Summit was held in Nanjing on May 30th, 2021. Li Bin, founder, chairman and CEO of Xilai Automobile, attended and delivered a speech. Li Bin revealed that by the end of April, 102803 cars had been delivered in the past three years, with an average price of 434700 yuan. Higher than the average selling price of BMW and Audi, and more than 100,000 more expensive than the average selling price of Tesla in China, a high-end brand has been initially established.

[Rivian seeks valuation of IPO at $70 billion] A new company is expected to go public in the high-profile field of electric vehicles, and foreign media reports show that US electric car maker Rivian, is seeking a valuation of IPO at $70 billion.