Wang Chuanfu resigned as Chairman of BYD Lithium Battery Company; Great Wall Motors Responds to EU Anti Subsidy Investigation and Says It Will Not Slow Down Sailing to Sea
home newsNational Energy Administration: Further Strengthening Power Generation Safety Production WorkOn October 23rd, the Comprehensive Department of the National Energy Administration issued a notice on further strengthening the safety production work of power generation, requiring all power enterprises to deeply learn from the lessons of accidents, analyze the patterns of areas, links, and time periods prone to power generation accidents, and highlight the key issues of safety investigation. All dispatched agencies and local power management departments at all levels should strengthen power safety supervision and territorial management, strengthen supervision and inspection of production operations of power generation enterprises, especially accident enterprises. For enterprises and their personnel with chaotic on-site management and prominent risk hazards, regulatory measures such as appointment, notification, shutdown, and administrative penalties should be taken to handle them strictly and quickly.Shaanxi Launches "Million Subsidies for Family Charging Piles" ActivityRecently, under the guidance of the Shaanxi Provincial Department of Industry and Information Technology and the Energy Bureau of the Provincial Development and Reform Commission, and led by Xi'an Lingchong Chuangxiang New Energy Technology Co., Ltd., the "Million Subsidies for Home Charging Piles" campaign for Shaanxi Province's new energy vehicles and supporting facilities in rural areas has been launched. This subsidy activity was conducted by Xi'an Lingchong Chuangxiang New Energy Technology Co., Ltd. in cooperation with Alipay, and targeted at the whole province. Consumers who bought charging posts were subsidized online and offline. Consumers who purchase a designated charging post in Alipay APP and complete the binding of charging posts on Alipay will receive a subsidy of 1200 yuan, including 600 yuan in cash and 600 yuan in auto related coupons.All cities and regions in Hebei Province have lifted restrictions on motor vehicle tail numbersThe People's Government of Langfang City, Hebei Province recently issued a notice stating that after research, it has been decided to lift the restrictions on motor vehicle tail numbers throughout Langfang City from October 23, 2023. The People's Government of Qinhuangdao City recently issued a notice stating that the number limit will be suspended from October 23rd. This means that the only two limited number cities in Hebei Province will all be "lifted" this time. According to previous policies, multiple cities in Hebei Province, such as Shijiazhuang, Tangshan, Handan, Langfang, Xingtai, Baoding, and Hengshui, have implemented or have previously implemented measures to restrict traffic and access.Guosheng Securities: Automobile consumption exceeds expectations, and the prosperity is expected to continueOn October 23rd, Guosheng Securities reported that car consumption exceeded expectations and several companies performed well. Since the Chengdu Auto Show, multiple high-quality new cars have been launched, coupled with a continuously improving purchasing environment, resulting in hot car sales during peak seasons. Domestic consumption of fuel vehicles and new energy is strong, with continuous breakthroughs in independent exports. The industry's capacity utilization rate remains high, costs are relatively stable, and exchange rates fluctuate slightly. Most companies that have disclosed data have performed well. Looking forward to the fourth quarter, it is expected that the terminal will not reduce the discount intensity, and with the delivery of popular models, the prosperity is expected to continue.international newsSome Toyota factories and production lines in Japan resumed productionAccording to Japanese media on October 23rd, Toyota Motor Company resumed production on the same day at its four factories in Iwate, Miyagi, and other areas, which were affected by previous component factory explosions. The start time for other production lines that are still in suspension has not been determined.Samsung SDI will supply electric vehicle batteries to Hyundai starting from 2026On October 23rd, Samsung SDI announced that it will supply electric vehicle (EV) batteries to Hyundai starting from 2026 for a period of seven years, marking the first battery supply agreement between the two companies. Samsung SDI stated in a statement that it will provide prism batteries produced at its Hungarian factory for Hyundai Motor Company's electric vehicles for the European market, with a supply period from 2026 to 2032.Saudi Public Investment Fund: Will establish a joint venture with Hyundai Motor to build a factory in Saudi Arabia, with a total investment of over 500 million US dollarsOn October 22nd local time, the Saudi Public Investment Fund (PIF) announced the signing of a joint venture agreement with Hyundai to establish a highly automated automotive manufacturing plant in Saudi Arabia. PIF and Hyundai Motors will hold 70% and 30% of the shares in the new joint venture. The total investment of this project is estimated to exceed 500 million US dollars. The factory plans to break ground in 2024 and start production in 2026, with the goal of producing 50000 vehicles annually, including electric and fuel vehicles. It is reported that this is also the first automobile factory built by Hyundai in the Middle East.Swedish researchers propose a new plan for recycling automotive waste batteries, which can recover 100% aluminum and 98% lithiumChalms University of Technology in Sweden recently announced that its researchers have proposed a new method for recovering metals from waste electric vehicle batteries. This method can recover 100% aluminum and 98% lithium from batteries, while minimizing the loss of precious raw materials such as nickel, cobalt, and manganese.Corporate NewsGreat Wall Motors Responds to EU Countervailing Investigation: Will Not Slow Down Sailing to Sea and Has Started to Quickly Advance European Factory Site Selection WorkOn October 23rd, in response to the European Commission's decision to launch a countervailing investigation into pure electric passenger cars imported from China, Great Wall Motors stated that every enterprise needs a fair and just trade environment, and Great Wall Motors will also respect the market rules of every region. Great Wall Motors is rapidly advancing the site selection work for European factories and will not slow down its pace of going to sea. "Great Wall Motors has revealed that it has started to rapidly promote the site selection work for European factories and will launch more new energy models in Europe, accelerate the construction of a localized research and development team in Europe, and introduce more new energy, intelligent technology and resources into Europe.Wang Chuanfu Resigns as Chairman of BYD Lithium Battery CompanyAccording to the Tianyancha App, recently, there was a business change at Shenzhen BYD Lithium Battery Co., Ltd. Wang Chuanfu stepped down as the legal representative and chairman, and He Long took over.Huang Jihong Resigns as Chairman of Pangda Auto TradeAccording to the Tianyancha App, recently, there has been a business change in Pangda Auto Trade Group Co., Ltd. Huang Jihong has resigned as the legal representative and chairman, and Cheng Zhengzhi has taken over. At the same time, the enterprise type has been changed from other limited liability companies (listed) to other limited liability companies (non listed). Pangda Automobile Trading Group Co., Ltd. was established in March 2003 and listed on the A-share market in April 2011. In June of this year, the Shanghai Stock Exchange delisted the company's shares.Geely Meijie Investment Company Renamed Geely Technology GroupAccording to the Tianyancha App, recently, Geely Meijie Investment Co., Ltd. underwent an industrial and commercial change, with the company name changed to Geely Technology Group Co., Ltd. The company was established in October 2015, with Xu Zhihao as its legal representative and a registered capital of approximately 430 million RMB. Its business scope includes asset management services invested by its own funds, enterprise headquarters management, enterprise management consulting, energy recovery system research and development, resource recycling technology research and development, new material technology research and development, etc. Geely is affiliated with Ningbo Ruima Enterprise Management Partnership (Limited Partnership), Zhejiang Jidi Technology Co., Ltd Hangzhou Jixing Technology Co., Ltd. jointly holds shares.The new car launch of Chery (Guizhou) Industrial Base will be held on October 27thThe new car launch ceremony of Chery (Guizhou) Industrial Base will be held on October 27th in Gui'an New Area, and in the future, it will assist Gui'an New Area in building a new energy vehicle industry cluster with a complete upstream and downstream industrial chain of new energy vehicles. It is understood that Chery (Guizhou) Industrial Base is a new energy vehicle industry base that integrates research and development, production, sales, and service of new energy vehicles. The base covers an area of more than 1800 acres, with an investment of 3 billion yuan, and an annual production capacity of 15000 pure electric vehicles.Tesla invites Hesai to build a factory? Hesai: 'No final decision has been made yet'Recently, during a trip to Shanghai, the Governor of New Leon, Samuel Garcia, stated that Tesla's two Chinese suppliers will invest nearly $1 billion in the northern state of New Leon, where Tesla is planning to build a new factory. The media reported that the two proposed factories are Tuopu Group and Hesai Group. According to Hesai Technology, the news was not released by Hesai, and the company has not yet made a final decision to build a new factory in North America. The other party stated that they were not aware of whether the company's LiDAR was supplying Tesla cars or humanoid robots.NIO applies for registration of the driver's internet trademarkAccording to the Tianyancha App, recently, NIO Automotive Technology (Anhui) Co., Ltd. applied to register the "NIO Driver Interconnection" trademark, which is classified as a scientific instrument internationally. The current trademark status is awaiting substantive review. According to reports, NIO, Geely, Xiaopeng, Nezha and others are all increasing their investment in the "Driver Interconnect" track. Not long ago, Hubei Xingji Meizu Group Co., Ltd. also applied to register the "Handcart Internet" trademark, and the current trademark status is awaiting substantive review.Linglong Tire: Net profit of 399 million yuan in the third quarter, a year-on-year increase of 278.01%On October 23rd, Linglong Tire announced its third quarter report, with a revenue of 14.53 billion yuan in the first three quarters, a year-on-year increase of 13.72%; Realized a net profit attributable to the parent company of 960 million yuan, a year-on-year increase of 343.88%. Among them, the net profit in the third quarter was 399 million yuan, a year-on-year increase of 278.01%. During the reporting period, the utilization rate of production capacity increased, raw material prices decreased, gross profit margin increased, and sales volume increased year-on-year, comprehensively affecting the year-on-year increase in main business gross profit.
2023-10-24