The European Union car market is shrouded in gloom: new car sales in August hit a three-year low, with EV sales falling sharply by 43% year-on-year.

① The EU's new car sales in August fell by an astonishing 18.3% year-on-year, reaching the lowest level in three years; ② The European Automobile Manufacturers Association (EAMA) stated that sales of electric cars in the EU in August fell by 43.9% year-on-year, marking the fourth consecutive month of decline.

cls.cnSep 19 05:14 ET

Prince Ning vigorously attacks the commercial vehicle market.

Development will be conducted on 80 vehicle models.

wallstreetcnSep 13 10:04 ET

Goldman Sachs: The short-term reduction in production by Contemporary Amperex Technology may cause lithium prices to bottom out, but the overall prospects for the lithium cycle are still very negative.

Goldman Sachs analysts Trina Chen and Joy Zhang said in a client report on Thursday that Ningde Times' production cuts may provide a 'short-term' bottom for lithium prices in the years-long bear market, temporarily alleviating concerns of oversupply. However, they emphasized that the overall outlook for the lithium cycle remains very 'negative'.

wallstreetcnSep 12 11:09 ET

Lithium carbonate "long-lost surge"! Contemporary Amperex Technology plans to adjust the production arrangement of lithium carbonate in Yichun. Industry analysis believes that "production suspension is mainly due to cost."

1. Regarding the rumored suspension of lithium production in Jiangxi, Contemporary Amperex Technology expressed to the Cailian Press journalists that based on the recent situation in the lithium carbonate market, the company plans to adjust the production arrangement of Yichun lithium carbonate. 2. An informed source informed the Cailian Press journalists that Contemporary Amperex Technology has not yet taken any measures to stop, and further communication and coordination are needed before a decision is made. 3. Industry insiders analyze that the main reason for the suspension at this time is cost-related.

cls.cnSep 11 07:59 ET

With a scale exceeding 5 billion yuan, contemporary amperex technology's new fund has landed in Xiamen.

Recently, Contemporary Amperex Technology has launched a new fund in Xiamen with a scale of over 5 billion yuan. LPs include local state-owned asset funds in Xiamen, as well as Zhejiang Tongxiang City, Ningde City in Fujian Province, and Luoyang City's state-owned asset funds. Contemporary Amperex Technology is also constructing the phase one of an electrochemical energy storage system project in Xiamen, aiming to create a top-notch platform for energy storage system research and development testing, as well as technological innovation verification.

cls.cnSep 11 07:57 ET

[Data Analysis] Institutions have been buying Baoding Tianwei Baobian Electric for two consecutive days, while powerful speculative capital has invested over 100 million yuan in the rush to buy Tianqi Lithium Corporation.

①State-owned enterprise reform concept stock baoding tianwei baobian electric received institutional buy-in of over 60 million yesterday, and also received institutional buy-in of over 60 million yesterday. ②The lithium battery sector surged. Multiple stocks received buy-in from institutions and retail investors, with tianqi lithium corporation receiving 0.106 billion buy-in from citic sec's Xian Zhuque Avenue business department.

cls.cnSep 11 06:22 ET