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There has been no further news on the collaboration with Contemporary Amperex Technology, and CNNC Hua Yuan Titanium Dioxide is partnering with Guangdong Construction to sign a 4.27 billion yuan Energy project丨Quick Read Announcement.
① CNNC Titanium-White and Guangdong Construction Engineering plan to invest a total of 4.27 billion yuan to build related energy projects; ② Previously, the 10 billion yuan new energy project that the company and Ningde Times planned to invest did not follow.
Aim for 30 million vehicles for the whole year, with RBOB Gasoline vehicles experiencing a "four consecutive months increase". The China Association of Automobile Manufacturers calls for early implementation of consumer promotion policies next year.
1. The domestic sales of traditional fuel Passenger Vehicles reached 1.21 million units, a decrease of 0.105 million units compared to the same period last year, with a month-on-month growth of 16.2% and a year-on-year decline of 8%. 2. Chen Shihua, deputy secretary-general of the China Automobile Industry Association, urged that relevant policies to promote Consumer spending on Autos continue next year and be implemented as soon as possible.
Accelerating the layout in Europe! Contemporary Amperex Technology plans to build a factory in Spain for 4.1 billion euros.
After "the European version of Contemporary Amperex Technology" Northvolt filed for bankruptcy, Europe seems to realize even more that it is difficult to reduce dependence on Battery from China.
Another overseas Battery factory has been officially announced! Contemporary Amperex Technology plans to partner with an automotive giant to invest over 30 billion yuan | Quick read announcement.
① After investing in factories in Germany and Hungary, Contemporary Amperex Technology announced a partnership with Stellantis to invest over 4 billion euros in the construction of a power battery factory in Spain; ② The project construction is expected to yield a production capacity of 50 GWh of power batteries per year, with a construction period of about 4 years.
Last night, china assets went "crazy."
Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
The momentum for trade-ins is strong! In November, china's sales of new energy fund vehicles increased by 50% year-on-year, setting a new record, while exports fell by 6.3%.
In November, the Passenger Vehicle market achieved historic highs in retail, wholesale, production, and exports, with explosive growth in Electric Vehicles. The Passenger Car Association noted that the majority of scrappage replacements and some trade-in customers chose to purchase Electric Vehicles. Subsidy policies, particularly those promoting entry-level pure electric vehicles and the narrow plug-in hybrid market, strongly boosted growth and further solidified the expansion foundation for Electric Vehicles penetration.