[2.7Lithium Express] Chile's "nationalization of Lithium Mine" has taken a key step | LG New Energy and General Motors will jointly build the fourth battery factory.

[Jiuwu Tech: signed 65 million yuan general contract for lithium chloride project design, equipment supply and installation with Jinhai Lithium Industry] Jiuwo Hi-Tech announced that recently, the company and Jinhai Lithium Industry signed a "1000 tons of lithium chloride project design, equipment supply and installation general contract", with a total contract price of 65 million yuan, including 13% value-added tax. Lithium chloride is mainly used in the production of lithium metal, which is an important material for the next generation lithium battery. If the lithium chloride project contract is successfully completed, it will help to verify the feasibility of the company's "adsorption + membrane method" process of extracting lithium chloride from raw brine, and further improve the company's research and application level and business undertaking capacity in the field of lithium extraction from salt lakes, which will have a positive impact on the company's operation and development.

Last week, Chile's Constituent Assembly tentatively adopted a proposal submitted and approved by the Parliamentary Environment Committee to promote the nationalization of copper, lithium and other strategic assets. This shows that the nationalization of Chilean lithium and other mineral resources has taken a key step. As part of Chile's proposed new constitution, the proposal will face a vote by all members of parliament in the future, and the final draft will be held in a referendum later this year. The market believes that in the medium to long term, the supply of Chilean lithium ore will be limited, and there is uncertainty about the long-term release of global lithium resources. With the acceleration of the "double carbon" process in various countries, green energy resources, including lithium mines, have become a hot "cake" in the market. The tendency of countries to set a threshold for lithium mining is also becoming clearer. Based on the "profiteering" of the lithium mining industry chain, many governments intend to strive for more control and interests.

[the battery plant jointly built by SK Innovation and Ford opened in December.] South Korea's East Asia Daily reported that SK Innovation and Ford battery plants opened in December, earlier than previously planned for the second quarter, citing unidentified industry sources. The two companies initially planned to start construction in the second quarter, with the goal of starting production in 2025.

[BYD: sales of 93200 new energy vehicles in January increased 361.73% over the same period last year] BYD disclosed that in January 2022, KuaiBao produced and sold 94101 vehicles, an increase of 97.62 percent over the same period last year, and sales of 95422 vehicles, an increase of 125.05 percent over the same period last year. Among them, the output of new energy vehicles was 91736, an increase of 309.66 percent over the same period last year, and sales were 93168, an increase of 361.73 percent over the same period last year. In addition, the total installed capacity of the power battery and energy storage battery of the new energy vehicle in January 2022 is about 4.770GWH, and the total installed capacity in 2022 is about 4.770GWh.

[Volvo and Northvolt will jointly build 50GWh battery plant in Gothenburg, Sweden, expected to start production in 2025.] Volvo car and battery manufacturer Northvolt said in a statement on February 4th that the two companies will jointly set up a battery manufacturing plant in Gothenburg, western Sweden, which will start construction in 2023 and is expected to start production in 2025. The new 50GWh plant will produce batteries developed specifically for the next generation of pure-electric Volvo and Polar (Polestar) cars, which are expected to provide batteries for 500000 cars a year, the two companies said in their respective statements.

[LG New Energy and General Motors will jointly build a fourth battery plant] General Motors and LG New Energy plan to jointly build a fourth battery plant. Mary Bora, CEO of General Motors, said she plans to finalize the location of the fourth plant in the first half of this year, will cooperate with LG New Energy, and announce specific plans in the near future. LG New Energy sources said the details have not yet been finalized, but given the recent rapid growth of the global electric vehicle market and the increased demand for GM's electric vehicles, the two companies are exploring ways to strengthen cooperation, such as the construction of a new fourth plant.

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