Cui Dongshu: new energy vehicles continue to grow in September. Tibet Mining Industry said that Xigaze Lithium Industry and Donghua Science and Technology formally signed the EPC project general contract, etc.

[Tibet Mining: Xigaze Lithium formally signs EPC Project General contract with Donghua Technology] Tibet Mining announcement, on September 29th, the company disclosed the progress announcement on the signing of a major contract by its holding subsidiary Tibet Xigaze Zabuye Lithium Industry Hi-Tech Co., Ltd., confirming Donghua Science and Technology as the winning bidder for the 10,000-ton battery-grade lithium carbonate project for comprehensive green development and utilization of Zabuye Salt Lake in Tibet. On September 30th, 2021, the holding subsidiary Xigaze Lithium Industry formally signed the "EPC Project General contract" and "Operation (O) contract" with the above-mentioned projects of Donghua Science and Technology. The main information such as the content and amount of the contract is consistent with the notice of winning the bid.

[BMW announced it will invest in lithium technology start-ups to produce automotive battery materials more efficiently] BMW said on Wednesday that it would invest in lithium technology startup Lilac Solutions to produce electric vehicle batteries more efficiently. BMW said that with the growth of demand in the electric car market, Lilac technology will become a mainstream way to increase global lithium production in the future. BMW participated in the round B financing of Lilac along with SK Materials, Presidio Ventures, the investment arm of Sumitomo Group, and other companies. BMW declined to discuss the amount of its investment, but all investors announced on Wednesday totaled less than $20 million, according to regulatory documents.

[Mexico launches reforms to reverse previous government policies seeking to strengthen the state's control over the electricity market and lithium mining] the Mexican government proposed a constitutional reform on Friday, seeking to strengthen the state's control over the electricity market. the move is aimed at reversing business-friendly energy legislation enacted by the previous government. The reform plan announced by Mexican President Lopez is to let the country's Federal electricity Commission (CFE) take over half of the electricity market and put it in charge of setting terms for private generating units. According to media sources, the bill that Lopez sent to Congress on Thursday also proposed leaving future lithium mining rights to the state and abolishing the energy regulator and assigning its functions to the Department of Energy and the Federal Power Company.

[Tesla: the goal is to achieve annual sales of 20 million vehicles by 2030] Tesla held his annual shareholders' meeting, which said that the goal is to achieve annual sales of 20 million vehicles by 2030, with more than 100000 employees worldwide. At the annual meeting of shareholders in 2021, Tesla shareholders voted in support of the proposal to elect Kimba Musk and James Murdoch as board members.

[Cui Dongshu: the good situation of the continuous growth of new energy vehicles in September] Cui Dongshu, secretary general of the bus Association: domestic new energy vehicles are basically not seriously affected by lack of core, and sales not only did not decline compared with the same period last year. On the contrary, most of them achieved a good situation of doubling year-on-year. The car is still that car, but the demand has doubled, which is also a reflection of the good market acceptance of new energy vehicles. The sales performance of new power car companies is very strong, and there is a clear contrast between the market performance of new energy vehicles and traditional fuel vehicles since the second quarter of this year. The current production and marketing situation is divided, due to the rationing of no reasonable price of chip resources, traditional cars continue to decline to a miserable situation. The chips on the market have certain resources, so some enterprises can buy high-priced chips. The independent supply chain of new energy vehicle companies is more flexible, there are more ways to obtain a stable supply of chips, and many of the new energy chips are high-end chips, what is currently lacking is low-end chips, similar to pork supply characteristics, there will be a serious shortage period of several months, and when the next generation of piglets come out, pork prices will return to reasonable. The supply of chips is similarly passive.

The Bank of Japan downgraded its assessment of five of the country's nine regions on Thursday as supply restrictions disrupted factory output of products such as cars and cast a shadow over the export-dependent economic outlook. The Bank of Japan downgraded its view on output in four regions, including the East China Sea in central Japan, home to car giant Toyota Motor Co., in a sign of growing damage caused by global shortages of chips and parts. In a quarterly report on the regional economy, the Bank of Japan said output was stagnant because of a shortage of auto parts. The recent rise in energy prices has also increased pressure on manufacturers, although it will help accelerate consumer inflation towards the BoJ's 2 per cent target.