[2.3Lithium Express] Ningde era invested another 29 billion yuan to expand production capacity * BYD increased its investment in three wholly-owned subsidiaries

On the evening of February 2, Ningde Times issued an announcement on investment and expansion of production capacity. The company intends to invest no more than 29 billion yuan in Yibin in Sichuan, Zhaoqing in Guangdong and Xiapu in Ningde. It is used for new / expanded capacity construction. The new / expansion plan of the three major power battery and energy storage battery projects in Yibin, Guangdong Zhaoqing and Ningde Xiapu, in addition to 25GWhin Zhaoqing, Guangdong, according to the investment cost of 300 million yuan / GWh, the fifth and sixth phase of Yibin manufacturing base project is about 40GWh. the total planned capacity of time FAW expansion project is about 16.7GWh. the total planned capacity of this investment may exceed 80GWh.

[it is reported that Apple will invest $3.6 billion in Kia to produce electric cars.] according to unquoted sources in South Korea's East Asia Daily, Apple will invest 4 trillion won ($3.6 billion) in Kia Motor Company. as part of a partnership with South Korean carmakers to produce electric cars. According to the report, Apple plans to work with Kia to produce Apple cars at its plant in Georgia. The two companies are likely to sign an agreement on February 17 and plan to launch Apple cars in 2024. According to the report, their initial goal is to sell 100000 cars a year. Kia shares jumped 14% on Wednesday, the highest level since 1997.

[BYD increases capital to three wholly-owned subsidiaries with a total amount of 6.85 billion] it is reported that BYD Co., Ltd. issued an announcement on increasing capital to its holding subsidiaries. The board of directors of the company agrees to increase the capital of the wholly-owned subsidiary BYD Automotive Industry Co., Ltd. by US $850 million or the equivalent RMB respectively in the form of cash contribution, and RMB 3 billion to the holding subsidiary BYD Automobile Co., Ltd. the capital of Shenzhen BYD supply chain Management Co., Ltd., a wholly-owned subsidiary, will be increased by 3 billion yuan.

[get Hyundai fixed-point BYD "blade battery" or export supply next year] learned from people familiar with the matter that BYD's "blade battery" has been designated by Hyundai Automobile Group, and has set up a Hyundai project team, which is expected to start supplying overseas next year. In this regard, BYD Dong said, "do not rule out the possibility of cooperation with the modern future."

[ideal car January delivery of 5379 ideal ONE surged 355% year-on-year] February 2, ideal car released January delivery data. Ideal ONE delivered 5379 vehicles in January, an increase of 355.8 per cent compared with January 2020. The cumulative delivery volume of the ideal ONE has reached 38976 vehicles. As of January 31, ideal Automobile has 60 retail centers across the country, covering 47 cities, and 121 after-sales maintenance centers and authorized sheet spray centers, covering 89 cities, providing a full range of services for consumers.

[Volkswagen Group Power Battery Recycling pilot Plant officially opened] Volkswagen Group parts Company's first automotive power battery recycling pilot plant in Salzjit was officially opened a few days ago. With the development of the project, Volkswagen Group has taken a solid step in realizing the end-to-end sustainable development of the whole value chain of power batteries. The goal of the plant is to create a closed-loop management system for raw material recovery and industrialize the industrial recovery of valuable battery raw materials such as lithium, nickel, manganese, cobalt, aluminum, copper and plastics, with the goal of recovering more than 90 per cent of the raw materials.