Last week, what major events occurred in the domestic and foreign new energy vehicle markets?

FF listed on Nasdaq

On the evening of July 22, Beijing time, Faraday Future (FF) officially landed on the Nasdaq exchange with the stock code “FFIE”. It is reported that the issue price of FFIE was US$13.78, the pre-market increase was as high as 50%, and the opening rose by more than 22% on the first day of listing, but it broke 45 minutes after the opening and fell to US$12.91. In response, FF internal staff responded that there is no issue price for a merger and listing, so there is no break.

Highlights of Week E|Jia Yueting Faraday Lands on Nasdaq, Evergrande Motor’s share price staged a “roller coaster”

According to FF officials, FF successfully landed on Nasdaq and raised a total of more than US$1 billion. This will provide FF 91 Futurist with timely mass production and delivery, subsequent product development, and continuous creation of the most competitive product strength, providing sufficient funds and investment platform. According to the plan, FF91 will be delivered within 12 months after the completion of the listing transaction.

Comment: There is a silver lining when you are alive.

Evergrande Motor’s stock price staged a “roller coaster” within a week

On July 19, Hong Kong stocks “Hengda Group” collectively plummeted. At the close of the day, Evergrande Automobile fell more than 19%. On the news, a screenshot of the court ruling was circulated on the Internet that day. The ruling showed that China Guangfa Bank Yixing Sub-branch applied to the court for pre-litigation property preservation, requesting to freeze the respondent Yixing Hengyu Real Estate Co., Ltd. and Evergrande Real Estate Group Co., Ltd. Bank deposits of RMB 132.01 million or other properties of equivalent value are sealed up or seized.

In response to the above news, Evergrande Real Estate Group issued a statement on the same day that the project company Yixing Hengyu Real Estate Co., Ltd. and China Guangfa Bank Yixing Sub-branch project loan of 132 million expired on March 27, 2022. For Yixing branch’s abuse of pre-litigation preservation, our company will sue according to law.

Highlights of Week E|Jia Yueting Faraday Lands on Nasdaq, Evergrande Motor’s share price staged a “roller coaster”

It is understood that by the end of this year, the Volkswagen brand will roll out 5 ID. models in China. Among them, ID.4 CROZZ, ID.6 CROZZ, ID.4X, ID.6X are already on the market. In the first half of this year, the Volkswagen brand delivered more than 36,600 new energy vehicles in China, a year-on-year increase of 89.6%.

Comment: Jia Yueting rescued Evergrande when its stock price fell for several months.

Volkswagen expects ID. Electric family to have a blowout in China in the second half of the year

On July 23, Beijing time, according to the report of the “European Automotive News” website, Volkswagen Group CEO Herbert Dis said that Volkswagen expects the ID. electric car family to usher in a blowout in the Chinese market in the second half of this year.

Diss said that by the end of this year, Volkswagen plans to sell 80,000 to 100,000 ID. electric vehicles in China. He also revealed that the sales of ID. models in the Chinese market in July will double from 3,000 in June to 6,000.

Highlights of Week E|Jia Yueting Faraday Lands on Nasdaq, Evergrande Motor’s share price staged a “roller coaster”

It is understood that by the end of this year, the Volkswagen brand will roll out 5 ID. models in China. Among them, ID.4 CROZZ, ID.6 CROZZ, ID.4X, ID.6X are already on the market. In the first half of this year, the Volkswagen brand delivered more than 36,600 new energy vehicles in China, a year-on-year increase of 89.6%.

Comment: Compared with Volkswagen’s sales of new energy in China in the first half of the year, the ID. family has a major task in the second half of the year.

Guoxuan Hi-Tech subsidiary plans to build a 20GWh battery plant in Hefei

On the morning of July 20th, Hefei Guoxuan High-tech Power Energy Co., Ltd. (Hefei Guoxuan), a wholly-owned subsidiary of Guoxuan High-tech Technology Co., Ltd., officially signed a cooperation agreement with the Management Committee of Hefei Xinzhan High-tech Industrial Development Zone. The district will build a 20GWh power battery production base, which will focus on the production and manufacture of Volkswagen standard batteries, which means that Volkswagen’s world’s first standard batteries are expected to be “made in Hefei”.

Highlights of Week E|Jia Yueting Faraday Lands on Nasdaq, Evergrande Motor’s share price staged a “roller coaster”

Comment: After the senior executives of Volkswagen Group entered Guoxuan Hi-Tech, the progress of the work of both parties seems to be faster.

Yiwei Lithium Energy intends to build multiple battery production line projects in Jingmen

On July 22, Yiwei Lithium Energy released an announcement announcing that its subsidiary Hubei Yiwei Power Co., Ltd. intends to sign the “Contract” with the Jingmen High-tech Zone Management Committee to invest in the construction of 3GWh cylindrical lithium iron phosphate battery production lines and Auxiliary facility project, 0.7GWh cylindrical ternary lithium battery production line and auxiliary facility project, 3GWh square lithium iron phosphate battery production line and auxiliary facility project, 4GWh ternary square lithium ion battery production line and auxiliary facility project and 1.5GWh ternary square lithium ion battery The total investment in fixed assets of the production line and process testing station project is about 2.45 billion yuan.

On June 10 this year, Yiwei Lithium Energy and Jingmen High-tech Zone Management Committee signed a “strategic investment agreement.” According to the agreement, Yiwei Lithium Energy and its subsidiaries intend to invest in the construction of a new energy power energy storage battery industrial park with an annual output of 104.5GWh in Jingmen’s Dao Dao District (including 11 GWh of built capacity, 11 GWh of capacity under construction and plans to be invested in further phases. The production capacity is 82.5GWh), and the lithium-ion power storage battery supporting industry is introduced according to production needs; the Jingmen High-tech Zone Management Committee provides necessary support for the construction of the new energy power storage battery industrial park and the introduction of the lithium-ion power storage battery supporting industry And assistance.

Comment: Successively received fixed-point supply from OEMs, and capacity expansion is a precautionary measure.

Source: Shanghai Kinmachi New Material Technology organized from the Internet

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