[7.22 Lithium Express] Jianghuai Automobile and Volkswagen China Investment plans to increase capital to Jianghuai Volkswagen * EU reaches economic recovery agreement new energy vehicles will develop rapidly

[EU reaches economic recovery agreement new energy vehicles will develop rapidly] EU leaders have reached an agreement on a package of measures for EU economic recovery after the epidemic, with a scale of 750 billion euros. Soochow Securities believes that EU support policies continue to exceed expectations, with sales of new energy vehicles recovering significantly in May, 50% growth in June compared with the same period last year, and 100% growth in July. The leader of the domestic battery industry chain has a production schedule of more than 40% this month, superimposed overseas recovery, and a higher year-on-year growth rate. With the delivery of new models and the recovery of corporate customers, the industry demand is increasing month by month, and the performance of the leading company in the third quarter is expected to return to high growth. Related companies include Pu Tai Lai, New Zeus, and so on.

[Yiwei Lithium Energy: subsidiary Jingmen Chuangneng increases the production, marketing and R & D of battery materials] Yiwei Lithium Energy subsidiary Jingmen Chuangneng has changed its business scope due to the needs of business development and management, and other information remains unchanged. After the change, the business scope of Jingmen Chuangneng has increased the "production of battery materials". Recently, Yiwei Lithium Energy announced that the company had received notice from its subsidiary Jingmen Yiwei Chuangneng Lithium Battery Co., Ltd. (hereinafter referred to as "Jingmen Chuangneng"). Jingmen Chuangneng has changed its business scope due to the needs of business development and management. other information remains the same. After the change, the business scope of Jingmen Chuangneng has increased the "production of battery materials".

[ModelY stamping equipment installation at Tesla Shanghai Super Factory has been basically completed] Tesla's Shanghai super factory is carrying out large-scale construction this year, mainly to build a production plant for cross-border sports multi-purpose vehicles (ModelY). The latest foreign media reports show that during the construction of the roof, the ModelY production plant of Tesla Shanghai Super Factory is also installing relevant production equipment, including car body stamping equipment, stamping equipment installation, which has been basically completed.

[Jianghuai Automobile: company and Volkswagen China Investment plans to increase capital to Jianghuai Volkswagen] Jianghuai Automobile: company and Volkswagen China Investment plan to increase capital to Jianghuai Volkswagen. After Volkswagen China Investment and JAC completed the subscription for the new equity of the joint venture company respectively, the total registered capital of the joint venture company increased from 2 billion to 7.356 billion yuan. This capital increase is an important link in the strategic cooperation between the company and Volkswagen China investment. This capital increase is conducive to promoting the strategic cooperation between the company and Volkswagen China investment and promoting the development of the joint venture company.

[the latest news of SAIC Volkswagen ID.4 is going on sale this year over the 500km/] A few days ago, it was learned from relevant sources that the SAIC Volkswagen version of ID.4 will be officially unveiled in October. The new car is based on the MEB platform, and the NEDC pure electric endurance will exceed 500km, far exceeding the pure electric model based on the MQB platform. The Volkswagen ID.4 will be made by FAW-Volkswagen and SAIC-Volkswagen respectively, and the new car will debut in October and launch this year. In terms of power, the new car will be based on the MEB pure electric platform and will be equipped with a drive motor with a maximum power of 150kW. In terms of driving range, the new car uses ternary lithium-ion batteries with an energy density of 175Whhand kg and a comprehensive power consumption of 16.2 km. the mileage can reach 555km under NEDC operating conditions, which is much higher than the previous petrol-to-electric models based on the MQB platform.

[Volvo suspends merger negotiations because of Geely's plan to return to A-share Volvo] Volvo announced that the merger talks had been temporarily shelved due to Geely's recent plan to return to A-share. It also said the two sides plan to resume negotiations this autumn. A Volvo spokesman said: "since Geely plans to list in A-shares, it is not possible to discuss the merger plans of the two companies at this time." and said that "as soon as Geely ends its related activities", negotiations will resume.

[Volvo's latest results] Volvo posted a net loss of 1.17 billion Swedish kronor ($130 million) in the first half, while Volvo sold 269962 vehicles, down 20.8 per cent from a year earlier. The company said it expected results to pick up strongly in the second half of the year, with sales and profits returning to levels last year.

SMM Cobalt Lithium small Metal Research team

Hu Yan 021 Murray 51666809

Qin Jingjing 021 Murray 51666828

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