[3.12 Lithium Express] General Motors will fully turn to the field of electric vehicles * GAC magazine batteries will be mass produced in the second half of the year, and Ningde era completed its development in September last year.

[general Motors CEO: will fully shift to electric vehicles, the US commercial electric car market will exceed $850 billion.] GM CEO said recently that its share price will continue to rise in the future as the company shifts its focus to all-electric vehicles. GM's shares are up 36% this year after a decade of sluggish growth, after the company unveiled a series of new products, announced a move into auto insurance and plans to shift its entire product line to electric vehicles by 2035. The commercial market is expected to be a major growth area for electric vehicles. General Motors estimates that the market for parcels, food delivery and logistics in the United States will exceed $850 billion by 2025.

[investment bank Jefferies: raises Ningde era to buy battery demand is expected to grow rapidly in the next five years] Jefferies reported that power battery replacement is included in China's 14th five-year Plan, which means that the implementation government will have more support in the future, raising the compound annual growth rate of battery demand from 40 per cent to 46 per cent from 2021 to 2025. Upgrade Ningde Times rating to buy, and raise the target price to 400 yuan. Ningde Times is an industry leader with a 50 per cent market share. As a result of its cooperation with Tesla, the company's battery installation is expected to grow at a compound annual growth rate of 47 per cent from 2021 to 2025, and its market share is expected to expand to 52 per cent in 2025. The agency also reiterated its buy rating on Guoxuan Hi-Tech and raised its target price to 58.8 yuan.

A year-on-year increase of more than 28 times! Lithium iron phosphate battery loading soared in February] the automobile industry information conference held by the China Association of Automobile Manufacturers on the afternoon of March 11 revealed that sales of new energy vehicles in China increased by 584.7% in February compared with the same period last year. At the same time, the China Automobile Association also disclosed monthly information on power batteries. China's lithium iron phosphate batteries loaded a total of 2.2 GWH in February, up 2826.0% from a year earlier. At the same time, the China Electric vehicle Company, which replaced the lithium iron phosphate battery, began to show a significant effect of cost reduction and profit improvement. Industry experts pointed out that lithium iron phosphate counterattack ternary battery may become a trend.

[byte Jump Investment Autopilot details revealed: joint lead Investment contributed more than 160 million] just this month, it was reported that the self-driving company Light Boat Intelligence Airlines received $25 million (162 million yuan) in financing, and Byte Jump is also one of the investors. attracted a lot of attention from the outside world. Light boat intelligence subsequently responded that it had indeed completed tens of millions of dollars in A1 round financing, but did not disclose investor information, so the news of whether byte jump is involved in the investment remains a mystery. Byte Jump does participate in this round of financing and is one of the joint leaders. The investment of Byte Jump alone is more than 25 million US dollars.

[GAC magazine battery was mass produced in the second half of the year, and Ningde era also completed development in September last year.] GAC Ean announced the release of "magazine battery" on March 10, realizing for the first time that the whole package of ternary lithium battery could not catch fire. In response, the head of GAC related technology said that the increase in the energy density of the magazine battery is only a by-product, mainly due to the optimization of the module; in addition, unlike the limited production capacity of the blade battery, the magazine battery can be mass produced in the second half of the year. The former technical person in charge of the Ningde era revealed to him that the magazine battery has indeed made great progress in high temperature resistance, but for the ternary battery itself, there is no systematic and essential technological breakthrough. The ternary battery, which does not catch fire but emits smoke, was actually announced in the Ningde era in September last year.

[in February sales of 5739 units surpassed Lincoln Land Rover] the China Automotive Center released national terminal retail data for February. Lailai sold 5739 units in February, surpassing Lincoln and Land Rover to rank ninth in the top 10 luxury brand sales list for the first time. It is also the only Chinese brand of new energy electric vehicles among the top 10 luxury brands.