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
Lithium prices plummeted, falling out of 19% profit growth in the Ningde era | Insight Research
Q1 In the Ningde era, revenue declined, but profit increased
Metals & Mining Monitor | Gold Hits Record High Again; Alamos Gold to Buy Argonaut Gold for $325M, Spin Off Argonaut's Non-Canadian Assets
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Nio Aims for Longer-life EV Batteries Through Tech Partnership With CATL
Nio (NYSE:NIO) inked a framework agreement with Contemporary Amperex Technology Co. to carry out innovation in the research and development of long-life batteries according to the needs of the electric vehicle maker's power swap.
Domestic market share returned to 50% during the Ningde era | Insight Research
The flames of the NEV price war have already burned into the power battery market. In February of this year, some second- and third-tier power battery manufacturers, such as Gateway Power, were still in a state of shutdown and production. Combined with holiday disturbances, the recovery of the power battery market was slightly slow. In February, power battery production reached 43.6 GWh, down 33.1% from month to month, down 3.6% year on year; sales volume was 37.4 GWh, down 10.1% year on year, down 34.6% month on month; installed capacity reached 18 GWh, down 18.1% year on year and 44.4% month on month. Overall, the power battery market sentiment did not perform well in February
The achievements of the Ningde era relied on “volumes” to go overseas | Insight Research
Compared with second- and third-tier power battery manufacturers, the Ningde era still performed excellently
Ningde Times, China Shenhua, Muyuan Co., Ltd.... A number of A-share giants are forecasting annual results!
On the evening of January 30, a number of A-share listed companies announced their 2023 annual results forecasts. A few companies are happy and a few are sad. The Ningde Era expects net profit to increase by more than 30% over the same period last year, reaching 42.5 billion yuan to 45.5 billion yuan, with daily earnings exceeding 116 million yuan; China Shenhua's profit in 2023 will drop 9.9% to 14%, and the drop in coal prices will affect performance. Sluggish pig prices have caused most listed pig companies to report losses in 2023, and industry differentiation has intensified. Among them, Muyuan Co., Ltd. expects a net loss of 3.9 billion to 4.7 billion yuan in 2023, and a profit of over 13.2 billion yuan in 2022. The price of lithium carbonate fell sharply, with a decline of more than one year
Net profit declined for the first time in 4 years. Dangsheng Technology's financial report revealed a cold wave of ternary materials? | Insight Research
Launching the first performance forecast, Dang Sheng Technology, and net profit turned negative.
Why This Lithium Miner Doubles Its Supply Amid Price Plunge
Pilbara Minerals stated this increase demonstrates the demand for Pilbara Minerals' spodumene concentrate while preserving optionality for the Company as they assess long-term downstream opportunities in line with their growth strategy.
Ganfeng Lithium bucked the trend and bought lithium ore | Insight Research
Pilbara drastically increased the supply of lithium concentrate to Ganfeng Lithium from 24 to 26
Report: BYD discusses the acquisition of Brazilian lithium miner Sigma Lithium to form an integrated supply chain
The Volkswagen and Ningde era are also potential bidders.
Tesla Plans to Revamp Model Y at Shanghai Plant, Mass Production May Begin by Mid-2024, Report Says
Tesla is currently working on preparations for the updated Model Y in China, which could begin mass production as early as mid-2024, according to Bloomberg. The post Tesla plans to revamp Model Y at Shanghai plant, mass production may begin by mid-2024, report says appeared first on CnEVPost. For more articles, please visit CnEVPost.
Detailed list! A new batch of “Catalogue of New Energy Vehicle Models Exempt from Vehicle Purchase Tax” was announced. The M9 EV, Tesla Model Y, and BYD Song PLUS are on the list
IT Home reported on November 20 that the Ministry of Industry and Information Technology today announced the “Catalogue of New Energy Vehicle Models Exempt from Vehicle Purchase Tax” (71st batch), which includes 61 pure electric passenger cars, 6 plug-in hybrid passenger cars, and 26 pure electric buses.
The Ningde era started a battle to defend 40% market share | Insight Research
There has been a negative increase in power battery production, and the removal of batteries to storage has not been reversed
Lithium Giants Earnings Downgrades: What is Behind Lithium Price Plunge?
In fact of chilling prospects, Albemarle argued that global EV demand growth is on-track amid weaker sentiment, and downstream inventories has drawn to historic lows.
Profits in the Ningde era will also depend on overseas | Insight Research
Q3. In the Ningde era, profit growth slowed, and domestic market share declined. How big was the impact?
Next week's big schedule: China's economic data for September, GDP for the third quarter, Tesla and Ningde Times financial reports, “Belt and Road” summit
Next week, we will focus on China's economic report card for September, GDP for the third quarter, US retail sales data for September, and CPI data for Europe and Japan for September. On the central bank side, the central bank of China will announce the October 1/5 LPR and MLF renewal resolution, the Federal Reserve will announce the Beige Book on economic conditions, and Powell will deliver a speech. In addition, companies such as Ningde Times, Tesla, and TSMC have published three quarterly reports, and the 3rd “Belt and Road” International Cooperation Summit will be held in Beijing from October 17 to 18.
Has Ganfeng Lithium invested 1 billion dollars in Celis to “build cars”? | Insights Research
On September 25, at Huawei's most exciting press conference, Yu Chengdong, the chairman of Huawei Auto BU, unveiled two “far ahead” new models — the Zhijie S7, which surpasses the Tesla Model S, and the “best SUV within 10 million”, the “best SUV within 10 million”, which has aroused a buzz in the market. On the same day, Celis, a good car-building partner of Huawei, silently issued an announcement stating that Ganfeng Lithium would subscribe for an additional 100 million yuan of registered capital of its subsidiary, Ritz Electric, for 1 billion yuan. Under the current boom in cross-border car building, does Lithium King also have ambitions to build cars collaboratively? 1. Does Lithium King also want to cooperate to “build cars”?