[3.4Lithium Express] Weilai's loss of 2020 narrowed to 5.3 billion * Nezhu was granted another 5 billion credit.

[lithium iron phosphate supply and demand tightening new production capacity may take several months] as the two main directions of power batteries, lithium iron phosphate batteries and ternary lithium batteries have ups and downs and compete with each other for many years. Since 2016, the mileage has become the focus of attention and research of electric vehicle factories. For a time, the ternary lithium battery with high energy density and strong endurance has become the fragrant steamed bun in everyone's eyes.

[Weilai Financial report: spending on selling cars continues to rebound this year] the 2020 financial results show that the current situation of Weilai selling one and losing one has not been fundamentally changed. The data show that with the increase in delivery volume, the net loss of Weilai narrowed significantly to 5.3 billion in 2020, but the cost of sales is still rising, which means that the model of selling one unit at a loss continues.

[Deutsche Bank: recommending bargain buying, reiterating Weilai's target price of $70] after NIO.N reported mixed fourth-quarter results, Deutsche Bank analyst Edison Yu reiterated its "buy" rating on the company with a target price of $70. Yu said delivery could reach 100000 vehicles in 2021, although he conservatively expected delivery of 96000 vehicles, 6000 more than previous forecasts. Yu believes that with the increase in brand awareness of Weilai, the company is expected to become a leader in China's high-end automobile market. In addition, he says, there are several untapped areas for growth. Xilai may develop different brands by establishing partnerships to cater to the mid-market / mass market. The subscription model of the company's autopilot system, NAD, will also bring opportunities. Yu pointed out that the company will enter the European market in the second half of this year, and investors may have underestimated the potential sales of its products in Europe. Overall, Yu believes that Xilai has the ability to actively invest in expanding its service network and improving its autopilot software / engineering capabilities. The recent weakness in the stock price may be a good opportunity to buy.

[Nezhong received another 5 billion yuan in cumulative credit volume of more than 10 billion yuan] he Zhong New Energy Automobile Co., Ltd. signed a comprehensive strategic cooperation agreement with the Shanghai Regional Branch of the Synergetic Committee of CITIC Group. It opened all-round and in-depth cooperation with the Shanghai Branch of CITIC Bank, CITIC Securities and CITIC Prudential Life Insurance Shanghai Branch, and was awarded a comprehensive credit line of 5 billion yuan by CITIC Bank. The financing funds will be mainly used for the research and development of intelligent technologies such as intelligent cockpit and intelligent driving.

[Wang Fengying, president of Great Wall Motor, suggested: speed up the marketization of fuel cell vehicles] Wang Fengying said that in recent years, thanks to policy support, technological innovation, large scale and other first-mover advantages, China has cultivated the world's largest new energy vehicle market and new energy vehicle industry.

[BoCom International: CIMC Enrico maintains a buy rating target price of HK $7.25] BoCom International released a report that CIMC Enrico (03899-HK) and Hesco have finalised a joint venture agreement for the production of hydrogen cylinders for fuel cell vehicles. The bank expects the joint venture's sales of hydrogen cylinders to reach 700 million yuan by 2025 (the same below). Enrico's goal is to make hydrogen-related business a new growth driver for the company in the next few years, and its product range will fully cover the upstream and downstream industrial chains of hydrogen energy.