[9.22 Lithium Express] China Automobile Association: commercial vehicle production and sales dropped sharply in August compared with the same period last year | Lanxiao Technology signed strategic cooperation agreements with Jintai Potash and Jintai Lithiu

Lanxiao Science and Technology: sign strategic cooperation agreement with Jintai Potash and Jintai Lithium Industry] Lanxiao Science and Technology announcement, in order to adapt to the changes in the market environment and combine the business needs of all parties, adjust the mode of cooperation under the original cooperation mode between the company and Jintai lithium industry. restructure the relevant creditor's rights and debts, deepen the cooperation with Jintai lithium industry and its parent company Jintai potash fertilizer, the company signed a "strategic cooperation agreement" with the above-mentioned companies. Jintai potash owns the salt lake of Barun Mahai Lake (mining right area 197.96 square kilometers, exploration right 174.14 square kilometers). It is rich in potassium and lithium resources in brine, has been exploiting potash fertilizer for many years, and has profitability and stable cash flow. The company has signed two phases of 3000t/an and 4000t/a lithium carbonate production line construction and operation service agreements with Jintai Lithium Industry, of which the 3000t/a lithium carbonate production line has been completed and put into production.

The company announced that the company intends to sign a cooperation framework agreement with Rongjie Investment Holdings Group Co., Ltd., AVIC Trust Co., Ltd., on the cooperation in the development of phosphate resources, joint venture production of iron phosphate and lithium iron phosphate products and other related cooperation agreements. The company plans to set up lithium iron phosphate company with Rongjie Investment holding Group Co., Ltd. in Guizhou Province or Anhui Province. The total investment is expected to be 2 billion yuan, and the target output of lithium iron phosphate is 50, 000 tons per year. Sirte holds a 70% stake in lithium iron phosphate, while Rongjie investment holding group co., Ltd holds a 30% stake in lithium iron phosphate.

[Yahua Group intends to invest US $1.05 million in Dongfang Iron and Steel to further deepen cooperation in lithium project] Dongfang Iron and Steel Co., Ltd. announced that it signed a subscription agreement with Yazhwa International Investment and Development Co., Ltd. to carry out a strategic placement of US $1.05 million to Yahua, and Yazhwa readily agreed to this. This means that Yahua will join the ranks of shareholders of Oriental Iron and Steel. It is reported that Dongfang Steel will issue shares and options to Yahua after receiving the subscription amount. As a result, Yahua will become a major shareholder of the company, holding 5.05% of the company's issued capital. "View details

[CAA: commercial vehicle production and sales dropped sharply in August 2021 compared with the same period last year] according to the statistics of the China Association of Automobile Manufacturers, in August 2021, commercial vehicle production and sales completed 229000 and 247000 respectively, down 27.5% and 20.9% respectively from the previous month; the year-on-year decline was 46.2% and 42.8% respectively, which continued to expand significantly by 13% and 12.6% respectively compared with July. Compared with the same period in 2019, the production and sales of commercial vehicles decreased by 23.1% and 19% compared with the same period last year, and the growth rate has changed from positive to negative compared with July.

[electric cars could halve global refining demand by 2050] Electric vehicles could halve global refining demand by 2050. A global campaign to electrify road transport to reduce carbon emissions could halve global demand for oil refining capacity by 2050, according to Rystad Energy, a consultancy.

[ideal car: expected to deliver about 24500 vehicles in the third quarter of 2021] ideal said that due to the slower-than-expected recovery of chip supply, vehicle delivery is currently expected to be about 24500 in the third quarter of 2021. The pre-market decline of the ideal car widened to 3.5%.