Xiaomi won the April car market traffic
The discount rate in the automobile market has reached a new high, yet inventory pressure has not decreased.
BMW CEO warns that the EU's imposition of tariffs on Chinese electric vehicles is to “take a stone and hit yourself in the foot”
① Under von der Leyen's strong impetus, the EU will decide whether to impose additional tariffs on Chinese electric vehicles during the year; ② The BMW CEO warned that implementing the tariff policy could be counterproductive and endanger Europe's green transformation.
The Ministry of Industry and Information Technology plans to guide lithium battery companies to reduce production capacity and expand, and the industry is expected to reverse ahead of schedule
On May 8, the Ministry of Industry and Information Technology publicly solicited opinions on the lithium battery industry specifications and administrative measures (draft for comments). The draft for solicitation of comments mentions guiding enterprises to reduce manufacturing projects that simply expand production capacity, strengthen technological innovation, improve product quality, and reduce production costs.
Summary of the 2023 Annual Report of Shanshan Co., Ltd. (revised version)
Shanshan Co., Ltd. 2023 Annual Report (revised version)
Announcement on correction of accounting errors in the 2023 Annual Report
Buck the trend and buy mines! Ganfeng Lithium added 2.5 billion yuan to “finger” African lithium mines
① Ganfeng Lithium announced that the subsidiary plans to acquire the remaining 40% of Mali Lithium's shares for 340 million US dollars (about 2.5 billion yuan); ② This transaction will help the company obtain the right to operate and manage the Goulamina spodumene mine project. According to calculations, the company will invest a total of about 4 billion yuan to win 100% of Mali Lithium's shares.
Within two days, the three cities made a statement to push driverless cars to launch intelligent connected vehicles in many places to “run” throughout the city
Local governments are taking action to let more “smart cars” drive on the “smart road.” On May 7, the Shenzhen Municipal Transportation Bureau officially released the “Shenzhen Intelligent Connected Vehicle Road Test and Demonstration Application Sixth Batch Open Road Catalogue”. A total of 43 roads were opened this time, with a total mileage of about 106.01 kilometers.
Questionnaire responds to the M7 Yuncheng accident: the battery did not fire and the signal was cut off, so the car door could not be automatically unlocked
① AITO officially released technical instructions to answer the four major questions about the Yuncheng accident in Shanxi; ② Cyrus said that in response to false information posted on social media platforms, evidence preservation and legalization was carried out as soon as possible in order to report the case to the public security authorities.
“Catfish” is really here! BYD Financial Insurance has been approved to use unified national traffic insurance policies and rate coefficients. Can it stir up the NEV insurance market?
① On the morning of May 6, the official website of the State Administration of Finance issued an approval, agreeing that BYD Financial Insurance will use nationally unified Jiaotong Insurance terms, basic insurance premium rates, and corresponding rate fluctuation factors in some regions. ② On May 3, BYD set up an insurance service portal in the official app. ③ New energy vehicle insurance faces the problems of high insurance, high compensation, and profit difficulties, which is the reason why many car companies are currently “passively” entering the financial insurance market.
BYD, big announcement!
During the May 1st holiday, the NEV market is booming.
Under multiple pressures, the performance of new car builders in April was very different: ideally to respond with price cuts, NIO surged year-on-year
① Ideal completed the delivery of 25,787 vehicles in April, a slight increase of 0.4% year-on-year and a decrease of 11.03% month-on-month. ② NIO Auto delivered 15,620 vehicles in April, up 134.6% year on year. Since the beginning of April, NIO Auto's price reduction strategy has been showing results. ③ Zero Sports delivered 1,5005 vehicles in April, a year-on-year increase of 71.96%.
Tram delivery “Super Smash” in April: NIO is booming, Xiaopeng is left behind, and the Xiaomi SU7 delivered over 7,000 vehicles in the first month
On the first day of the May 1st holiday, domestic electric vehicle companies' delivery reports were released one after another!
The last major increase in efficiency of crystalline silicon modules? Longji Green Energy's performance will push BC Technology to “break the siege” and new products are expected to be released in 2025 | Direct access to the results
① The company is about to release HPBC second-generation modules, and the module battery conversion efficiency has reached 24.4%; ② The company believes that BC technology is mainstream, and composite passivated back contact batteries are the definitive direction; ③ The company believes that according to the current market supply situation, without any special external factors, the supply chain imbalance problem will be difficult to resolve in the short term, and the elimination of backward companies will be accelerated.
The “power” of inventory and asset impairment is too great, Longji Green Energy turned profit and loss in the first quarter | Financial Report Interpretation
① Longji Green Energy's Q1 net loss was 2.35 billion yuan, and current inventory asset impairment preparations reached 2,649 billion yuan, which is an important reason for profit and loss; ② Regarding the annual target, the company head said that the overall shipping growth rate this year will not be lower than the average growth rate of the industry, and product shipments will continue to grow.
Express News | BYD's Q1 net profit was 4.569 billion yuan, up 10.62% year-on-year
The automotive sector is once again strengthening, and the joint efforts of the central government, local authorities, and enterprises are expected to drive an increase of 1 to 2 million new cars
Combined with factors such as the intense hosting of the Beijing Auto Show and the successive introduction of “trade-in” policies and rules by local authorities and companies, the market closed on April 29, and related sectors, including complete vehicles, car dismantling, and auto parts, once again strengthened collectively. Among them, stimulated by the continuous introduction of local automobile consumption policies, Hong Kong stocks such as Zero Run, NIO, and Ideal generally rose; among A-shares, Zotye Auto had the highest increase, reaching 6.67%, and at one point it was close to a standstill in the intraday period.
Why Tesla Rival BYD Charges Up To 3x More For EVs In Europe While China Prices Remain Shockingly Low
While fears of a Chinese EV invasion grip the United States, a surprising trend has emerged: China's top electric vehicle maker, BYD Co. (OTC:BYDDY) (OTC:BYDDF), isn't flooding Europe with bargain-basement cars. Instead, it's charging significantly higher prices compared to their home market, raking in hefty profits.
Component prices continue to bottom out, GCL integration slows down this year's growth target | Financial Report Interpretation
① GCL integrated achieved a double increase in net revenue and profit last year, with component shipments of 16.42 GW. According to institutional statistics, GCL's integrated shipping rankings are back in the top ten in the industry; ② The company plans to increase revenue by more than 50% in 2024, which is slower than 2023. Analysts believe that the relationship between supply and demand will improve as production capacity is cleared faster.
Counting down to 2 days, industry leaders gathered at the Chongqing Battery Show “Ning Wang” to earn 10 billion dollars in Q1, and Tianqi Lithium is expected to lose 4 billion dollars in the lithium battery industry. Who is working for whom now? |Chongqin
① Under the “volume increase and price reduction” market, the Q1 performance of lithium battery industry chain companies was divided, and the future development trend of the battery industry attracted market attention. Coinciding with this, CIBF 2024 will be held in Chongqing from April 27 to 29; ② New technologies such as solid-state batteries have become a hot topic in the market. The Co-CEO of Zhiji Auto said that the first generation of Lightyear solid-state batteries will actually be mass-produced within this year.