[4.25 Lithium Express] New applicants for the New Energy Index in Beijing may receive in 9 years' time the net profit of the Ningde era in 2019 was 4.56 billion yuan, up 34.64 percent from the same period last year.

[Beijing minibus Index Office: Beijing New Phase New Energy Index New applicant or obtained nine years later] on April 25, according to the Beijing Municipal minibus Index Office, according to the Beijing Municipal minibus Index Office, as of 24:00 on April 8, 2020, there are 3376458 valid codes and 50467 units for ordinary minibus index applicants, and 437539 valid codes and 7973 units for new energy minibus index applicants. It is estimated that new applicants for the new phase of new energy indicators in Beijing may be obtained in nine years' time.

[Chongqing government plans to invest 2 billion yuan in Jinkang New Energy to produce 150000 medium and high-end new energy vehicles a year by 2025] on April 23, well-off shares (SH601127) issued a statement saying that the company and Chongqing Liangjiang New District Management Committee and Dongfeng Motor Group Co., Ltd. jointly signed the "Agreement on the Co-Construction of High-end New Energy vehicles" in order to promote the rapid development of Jinkang New Energy. Dongfeng Company and well-off shares agreed to Jinkang New Energy as a platform for cooperation between the two sides in the high-end new energy vehicle plate, the announcement said. At the same time, in order to support Dongfeng Company and well-off shares in the further deepening of cooperation based on Jinkang New Energy, the Chongqing Municipal people's Government and the Liangjiang New District Management Committee will jointly set up SPV, to invest 2 billion yuan in Jinkang New Energy by SPV. After the capital increase, SPV is expected to hold a 28.74 per cent stake in Jinkang New Energy. According to the announcement, all parties plan to build Jinkang New Energy into a medium-and high-end new energy vehicle manufacturer with an annual production capacity of 150000 units by 2025.

[the net profit of Ningde Times in 2019 was 4.56 billion yuan, up 34.64% from the same period last year] on April 25, Ningde Times announced its full-year results for 2019. According to the annual report, Ningde era achieved revenue of 45.78 billion yuan last year, an increase of 54.63 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 4.56 billion yuan, an increase of 34.64 percent over the same period last year. The net profit after deduction was 3.915 billion yuan, an increase of 25.15 percent over the same period last year. Revenue growth in Ningde era rebounded compared with 2018, but net profit growth after deduction was declining, with net profit after deduction rising 31.68 per cent in 2018, up from 25.15 per cent in 2019.

[three departments issued "guidelines for the Construction of National Automobile networking Industry Standard system (vehicle Intelligent Management)"] on April 24, the Ministry of Industry and Information Technology, the Ministry of Public Security and the National Standardization Management Committee issued the National Automobile networking Industry Standard system Construction Guide (vehicle Intelligent Management). The guide points out that the standard system of vehicle intelligent management should be established in stages: by the end of 2022, the basic technical research should be completed and more than 20 key standards in the fields of intelligent network automobile registration management, identity authentication and security should be revised. By 2025, the system will form a standard system that can support vehicle intelligent management in the vehicle network environment, and revise more than 60 key standards in the business areas such as road traffic operation management, vehicle-road collaborative control and service.

[new energy model subsidy retreat Mercedes-Benz EQC policy] on April 23, 2020, the four ministries jointly issued a notice on the adjustment of new energy model subsidy policy. In this regard, Mercedes-Benz launched a price policy, that is, June 30, 2020 car buyers can still enjoy the original subsidy amount (16000 yuan). In addition to Mercedes-Benz EQC, Wei Lai also launched the corresponding pricing measures. The new policy on subsidies for new energy models states that the pre-subsidy price for subsidized new energy passenger vehicles must be less than 300000 yuan (including 300000 yuan). At present, there are only two Mercedes-Benz EQC models on sale, priced at 579800 yuan and 622800 yuan respectively before the subsidy and 563800 yuan and 606800 yuan respectively after the subsidy. Under the new subsidy policy, Mercedes-Benz EQC will not be subsidized for new energy models (the transitional period is April 23, 2020 to July 22, 2020), but officials say buyers will still be entitled to the original subsidy from now until June 30, 2020.

According to foreign media reports, Tesla CEO Elon Musk (Elon Musk) hopes to extend the battery life of electric vehicles to 1.6 million kilometers, and the company's latest new patent is expected to accelerate the achievement of this goal. The patent describes a new lithium process for batteries, which can not only improve battery quality, but also save costs. The patent submitted by Tesla is called "Nickel Cobalt Aluminum (NCA) electrode Synthesis method". This paper summarizes a new high efficiency electrode synthesis method which can be used in battery production, which is called nickel cobalt aluminum electrode heating process. Previous heating methods sometimes lead to the formation of impurities called lithium substrate L15AIO4, and reducing the lithium content in the battery can reduce pollution, but it can also lead to "poor electrochemical performance".

[Ministry of Commerce: vigorously promote automobile consumption and reduce VAT on used car sales] on April 24, the official website of the Ministry of Commerce issued the "guidance opinion of the Ministry of Commerce on the overall Promotion of key work in promoting consumption in the Business system" (abbreviated as "opinions"). The opinions put forward that we should vigorously promote automobile consumption, pay close attention to the implementation of new policies and new measures, such as extending subsidies and tax concessions for the purchase of new energy vehicles, reducing value-added tax on used car sales, and supporting the elimination of old diesel trucks. With the improvement of motor vehicle scrapping, second-hand vehicle circulation policies and regulations, strengthen the implementation of laws and regulations; We should innovate and draw lessons from various localities to optimize car purchase restrictions, promote new car consumption, speed up the elimination of old cars, abolish pickup truck restrictions, improve the car consumption environment, and actively promote the change from car purchase restrictions to guided use policies. we will further release the space for automobile consumption.

SMM Cobalt Lithium small Metal Research team

Hu Yan 021-51666809

Qin Jingjing 021-51666828

Mei Wangqin 021-51666759

Huo Yuan 021-51666898

Wuyang 021-51666818

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