NE Research said that the profitability of Korean battery manufacturers during the epidemic was mainly due to the European government's allocation of part of the economic stimulus plan to increase the sales of electric vehicles and new vehicles of car companies such as Volkswagen. Image source: LG Chem According to foreign media reports, when the epidemic has hit the demand for electric vehicles this year, South Korea’s LG Chem expects that its battery sales will reach new highs, mainly due to strong demand in the European market and cooperation with Tesla factories. Signed contract. LG Chem CEO Hak Cheol Shin said in an interview that the company's operating income is expected to reach 13 trillion won (approximately US$11 billion) this year and 30 trillion won in 2025. Xin Xuezhe said: \"Although the epidemic is spreading, our supply chain has no problems and can supply products for all customer orders. \" Although battery demand may decline for the first time in 2020, South Korea

The explosive growth of the European new energy vehicle market on the one hand brings infinite possibilities, on the other hand, it will also become a new stage for the world's major battery manufacturers to fight. Recently, CATL (CATL) announced that it has become the leading supplier of Mercedes-Benz batteries. The two parties will jointly develop leading battery technology to support the large-scale electrification of Mercedes-Benz models. At the same time, CATL stated that with the advancement of the construction of the Thuringia plant in CATL, this will enable Mercedes-Benz to purchase batteries from the Thuringia plant of CATL and further increase its localized procurement rate in its supply chain. The Thuringia plant of the Ningde era was established as early as July 2018 in Thuringia, Germany. It is a battery production base and an intelligent manufacturing technology research and development center. According to the plan at the time, the base will be constructed in two phases, mainly engaged in lithium-ion batteries. R&D and production, planned to be put into production in 2021, and 14GWh will be formed after reaching production in 2022

On July 30, the Ministry of Industry and Information Technology issued a decision on amending the\"Regulations on the Administration of New Energy Vehicle Manufacturers and Product Access\", which will be implemented on September 1, 2020. There are three main amendments: 　　 One is to delete the\"design and development capabilities\" requirements for applying for the entry of new energy automobile manufacturers. In order to better stimulate the vitality of enterprises and lower the entry barriers for enterprises, the relevant content related to\"design and development capabilities\" in Article 5 and the\"New Energy Automobile Manufacturers Access Review Requirements\" and other annexes have been deleted.　　 The second is to adjust the time for new energy automobile manufacturers to stop production from 12 months to 24 months. Article 34, paragraph 3 of the\"Measures for the Administration of Road Motor Vehicle Manufacturing Enterprises and Product Access\" (Order No. 50 of the Ministry of Industry and Information Technology) stipulates that if a manufacturing enterprise cannot maintain normal production and operation for two consecutive years, special publicity is required. The\"Access Regulations\" on the special announcement requirements of new energy vehicle manufacturers should be maintained with them