[7.8 Lithium News] Evergrande spent another $800 million to build a car to buy land * R & F Group took a stake in Huatai Motor Co., Ltd.

Evergrande has bought 1.46 million square meters of land for another three months to build a car. Evergrande is still taking land for the production of new energy vehicles. On July 5, on the land market in Nantong, Jiangsu Province, Jinhao Life Service (Jiangsu) Co., Ltd. won two of the residential sites at a reserve price of 704 million yuan, and the other industrial land was won by Junjiang New Energy Technology (Jiangsu) Co., Ltd. at a reserve price of 138 million yuan. Since April, Evergrande has frequently taken land in Tianjin, Guangzhou, Zhengzhou and Nantong, which is controlled by Guoneng New Energy vehicles. The total amount of land taken by the four places is about 2.1 billion yuan, with a land area of about 1.46 million square meters.

[Fudi New Energy vehicle R & F Group takes a stake in Huatai Motor] on July 6, Huatai Automobile and Real Estate Company R & F Group held a press conference in Beijing. The two sides formally reached strategic cooperation, R & F Group shares in Huatai Automobile, will jointly develop the new energy vehicle industry in the future. The two sides will carry out in-depth cooperation in electrification, intelligent networking and driverless technology, and apply lightweight new materials, new technologies and new processes to the whole process of vehicle development and manufacturing. This strategic cooperation, Huatai Automobile will receive more capital and resources support, R & F Group has also officially entered the new energy vehicle industry, the two sides will jointly promote their own transformation and upgrading process.

[BYD: sales of new energy vehicles increased 95% in the first half of the year, pure electric vehicles increased 300%] on July 5, BYD (BYD, 002594.SZ) released sales of KuaiBao in June 2019. In terms of new energy vehicles, BYD sold 145653 vehicles between January and June 2019, up 94.5 per cent from 74884 in the same period last year. Among them, the growth of pure electric passenger vehicles was the most significant, with a total sales of 95779 vehicles, an increase of 301.76 per cent. By contrast, sales of plug-in hybrid passenger cars fell slightly, with sales down 5.16%.

[burst! Spontaneous combustion of Geely Electric vehicle] on the afternoon of July 5, at a charging station for a new energy vehicle in Hongshan District, Wuhan City, a Geely electric vehicle suddenly burst into smoke, mainly from below the rear of the vehicle, and there was no open fire at the scene. After receiving the alarm, two fire engines and 12 firefighters from the Hongshan South Lake Fire Squadron rushed to the scene. At this time, the ground under the vehicle had been blackened, and firefighters immediately used water to cool the vehicle.

[plans to launch 30 new energy models Audi new energy models by 2025] A few days ago, we learned a map of Audi's new energy vehicles by 2025. Among them, there are five pure electric models, six hybrid models, and the remaining 19 models have not been identified. In the field of pure electric vehicles, Audi has only one e-tron model on the market, with a pre-price range of 70-830000 yuan, focusing on the luxury car market. The Q2L e-tron, which was first exposed at this year's Shanghai Motor Show, is aimed at entry-level pure electric models. Prior to this, some foreign media have taken Audi e-tron Sportback road test spy photos, it is reported that the car will be officially put into production at the end of 2019. In addition, Q4e will become the first Audi electric car to carry the MEB platform, which may be produced at the SAIC Volkswagen plant in the future.

[Europe wants to invest 100 billion euros to establish a local battery industry] in the past few months, a group of government officials led by (Maros Sefcovi), vice president of the European Commission, has held talks with manufacturers, development banks and commercial lending institutions to invest more than 100 billion euros to create a supply chain of lithium-ion batteries to power electric vehicles. The European Union believes that China has taken the lead in battery technology for electric vehicles, and Germany and France want to catch up, so they have come up with the plan. In Europe, where the auto industry has created 13.8 million jobs, or 6.1% of all jobs in Europe, European governments want traditional carmakers to make changes to provide consumers with electric cars and batteries for vehicles.

[extended to 410km or 100000, Chery New Energy blockbuster SUV will go on sale] recently, Chery released a June sales data report, from which it can be clearly seen that in June 2019, Chery sold a total of 46496 new cars, up 8.7% from the previous month and 6.8% from the same period last year. Today's protagonist is Ruihu e, another of Chery's new energy family models, which greeted consumers at the Shanghai auto show in April. In terms of configuration, the new car is equipped with main driver seat 6-way electric adjustment, front seat heating, reverse image, reversing radar, electronic handbrake and so on. The NEDC currently has a range of 401 km, but specific data will not be announced until it goes public.

[BYD's new energy sales rose 97.5% in the first half of the year, and S2 went on sale.] BYD auto officials learned that BYD's cumulative sales from January to June were 223180, of which new energy models performed well, with total sales from January to June 140761, an increase of 97.5% over the same period last year. 21679 vehicles were sold in June, up 3.3% from a month earlier. At the same time, BYD is also launching new products in the new energy sector, covering more market segments, of which the first pure electric SUV--S2 in the e-series has achieved an outstanding performance of 2061 vehicles in the first month of launch.

SMM Cobalt Lithium New Energy Research team

Hu Yan 021 51666809

Hong Lu 021 51666814

Ning Ziwei 021 51666780

Qin Jingjing 021 51666828

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