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LG New Energy will build a new 4680 battery production line
Time: Jun 14, 2022

1. LG New Energy will build a new 4680 battery production line

According to media reports, on June 13, LG New Energy announced that it will invest 730 billion won to expand production. Among them, 580 billion won will be used to build a new 4680 battery production line in South Korea with an annual production capacity of 9GWh, which will be supplied to Tesla. The remaining 150 billion won will be used for the expansion of the 2170 battery, and the production capacity will increase by 4GWh. The two production lines are expected to start production in the second half of 2023.

2. Foxconn will form a joint venture with the National Petroleum Corporation of Thailand

According to foreign media reports, the Board of Investment (BOI) of Thailand officially approved Foxconn and the State Oil Company of Thailand (PTT) to set up a joint venture worth 36.1 billion baht ($1.04 billion) to produce electric vehicles.

Horizon Plus, a joint venture between Foxconn and PTT, was one of several investment applications approved on June 13, Thailand's Investment Commission said in a statement. The above-mentioned approved projects have a total investment of 209.5 billion baht, involving manufacturing and infrastructure.

3. The domestic Mercedes-Benz EQE is officially off the assembly line

A few days ago, it was learned from Mercedes-Benz that the 4 millionth domestic Mercedes-Benz was off the assembly line, and the 4 millionth was also a brand-new EQE model, which also represented the acceleration of Mercedes-Benz's domestic electrification.

In terms of power, the maximum power of the 350 model motor reaches 215kW, and the configuration will also be equipped with a rear-wheel steering system and an air suspension configuration. In terms of battery life, the long-range version of the Mercedes-Benz EQE has reached a more exaggerated 752km, and the slightly shorter version has 717km, and the battery capacity is 96.1kWh.

4. Lantu's first store in Norway officially opened

On June 13, according to the official news of Lantu Auto, the first store of Lantu in Norway was officially opened and scheduled to be delivered in the fourth quarter. Norway has also become the first overseas market of Lantu Auto.

Earlier, Lantu Automobile CEO Lu Fang also said, "'Created in China' is becoming China's core competitiveness, giving Chinese cars the strength and confidence to look at the world. While Lantu Automobile continues to develop the domestic market, it is also making every effort to Going to the vast international new energy market, we are committed to becoming a leader in high-end electric vehicles."

5. BYD established an automobile sales company in Haikou, whose business includes the sales of electrical accessories for new energy vehicles

On June 14, Haikou Denza Automobile Sales Co., Ltd. was established. The legal representative is Yuan Bin, and the registered capital is 2 million yuan. The company's business scope includes new car sales; auto parts wholesale; new energy vehicle sales; new energy vehicle electrical accessories sales; new energy vehicle waste power battery recycling and cascade utilization, etc.

It is understood that Denshi Automobile Sales and Service Co., Ltd. was established on February 14, 2022. Its legal representative is He Zhiqi, with a registered capital of 50 million yuan. Its business scope includes new car sales; new energy vehicle sales; new energy vehicles Electric accessories sales, etc. The company is 100% controlled by BYD Auto Industry Co., Ltd. The company currently has 39 foreign investment enterprises, including Shenzhen Denza Automobile Sales Co., Ltd., etc.

6. Jinhua Bada New Energy and Wucheng Power Supply signed a roadside charging station construction agreement

Recently, Zhejiang Jinhua Bada New Energy Vehicle Co., Ltd. and Wucheng District Urban Investment Group successfully signed the province's first "Street Electric Convenience Charging" Roadside Charging Station Construction Cooperation Agreement in the State Grid Zhejiang Jinhua Wucheng Power Supply Branch Building. . According to the content of the agreement, the two parties will build a batch of roadside fast charging piles on the sidewalks of Luojiatang Food Street to provide new energy vehicle owners who come for leisure, entertainment and shopping with a worry-free battery life charging service of "charging while shopping".

7. Sichuan Chengyu Subsidiary plans to transfer related assets such as charging stations of New Energy Company

On June 13, Sichuan Chengyu announced that Sichuan Shudao New Energy Technology Development Co., Ltd. (formerly known as "Sichuan Chengyu Transportation Technology Development Co., Ltd."), a wholly-owned subsidiary of the company, has been renamed and operated on June 1, 2022. Scope change, referred to as "Shudao New Energy Technology Company") intends to sign an "Asset Transfer Agreement" with Sichuan Jiaotou New Energy Co., Ltd. (referred to as "Jiaotou New Energy Company"). The charging station and its ancillary facilities in operation and the 5 trademarks that have been registered (referred to as "Subject Assets").

According to the Asset Evaluation Report of the Market Value Evaluation Project of the Physical Assets and Intangible Assets of the Transaction New Energy Company Involved in the Assets to be Acquired by Beijing North Asia Business Assets Appraisal Office (Special General Partnership) (North Asia Business Review) Bao Zi [2022] No. 11-009, referred to as the "Asset Evaluation Report"), as of the evaluation base date of December 31, 2021, the evaluation value of all the charging station physical assets and intangible assets of the New Energy Company is RMB 8022 .470,000 yuan, this asset transfer will be based on the evaluation as the transaction price, and the transfer price will not exceed 85.84 million yuan.

-END Tramway 2022/6/14

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