[headline announcement Nuggets]
Time Electric (03898): CRRC era Semiconductor plans to invest 11.119 billion yuan in medium and low voltage power device industrialization construction project.
Time Electric announced that Zhuzhou CRRC Times Semiconductor Co., Ltd., a subsidiary of the company, intends to invest in the industrialization of medium and low voltage power devices, with a total investment of about 11.119 billion yuan, of which Yixingzi project and Zhuzhouzi project invest about 5.826 billion yuan and 5.293 billion yuan respectively.
Yixingzi project can increase the annual production capacity of 360000 pieces of 8-inch medium and low voltage components after reaching production, and the products are mainly used in the field of new energy vehicles. After reaching production, the Zhuzhou sub-project can increase the annual production capacity of 360000 pieces of 8-inch medium and low voltage component substrates, which are mainly used in the fields of new energy power generation, industrial control and household appliances.
Comments:Time Electric is the leading traction converter system supplier in China's rail transit industry, with the comprehensive capabilities of research and development, design, manufacturing, sales and service, and the domestic market share of urban rail traction system has been leading the industry for 10 consecutive years.
The company's domestic market share of the main products is stable, and closely follow the pace of the mainframe factory to "go out", in Asia, Europe, America and other overseas markets to achieve. The urban rail transit market maintains a good development trend, and the traction system continues to lead the industry with new orders; rail construction machinery and equipment actively develop the urban rail market and make new breakthroughs; and many projects of the urban rail signal system are carried out in parallel, and the engineering ability continues to improve.
Third-generation semiconductors, the company's forward-looking layout of SiC, the construction of silicon carbide industrial base. The 2021 report revealed that the company mastered the design and manufacturing technology of MOSFET chip and SBD chip with core independent intellectual property rights, and constructed a full set of features and advanced silicon carbide technology 4-inch and 6-inch compatible professional silicon carbide chip manufacturing platform; full voltage grade MOSFET and SBD chip products can be used in new energy vehicles, rail transit, industrial transmission and other fields.
Attachment: another announcement today says that CRRC Times Semiconductor has recently passed a series of reviews by Valeo, which has reached its fixed point requirements and obtained the fixed point of a certain project. CRRC Times Semiconductor will be the official supplier of IGBT modules for an electric drive system project of Valeo Group. The electric drive system project will first be carried on a certain model of Renault, with a projected project cycle of four years, mass production from 2023, and a total delivery of more than 2.5 million units.
[key announcement Nuggets]
Li Auto Inc.-W (02015): officially released in advance of September 30th, 2022, the ideal L8 for the medium and large SUV- of six intelligent luxury blocks.
Li Auto Inc. announced that the ideal L8 (less than RMB 400000) of the six smart luxury seats built for families will be officially launched on September 30, 2022, and the delivery will be officially launched in early November.
Comments:Founded in 2015, Li Auto Inc. focuses on incremental technology, which not only solves the mileage anxiety of pure electric vehicles, but also provides a convenient energy supplement experience comparable to that of fuel vehicles. At present, the company is selling two models, ideal ONE and ideal L9. Ideal ONE positioning in large luxury electric SUV, delivered since 2021. Ideal released its second full-size SUV ideal L9 in June 2022, becoming another phenomenal product.
Two-wheel drive, extended range and pure electricity in parallel, make up the pure electric short board. Li Auto Inc. is currently vigorously developing high-voltage pure electric vehicle technology, focusing on the development of pure electric vehicles with ultra-fast charging capacity. in terms of follow-up platforms, Whale and Shark platforms will be developed, and it is planned to launch at least two high-voltage pure electric models a year based on Whale and Shark platforms from 2023 to make up for the shortcomings of pure electric vehicles. The current ideal high-voltage fast charging technology can be recharged for 10 minutes to meet the 400km battery life.
In addition to the upcoming L8, another flagship of home intelligence, the five SUV- ideal L7, will be released and delivered in the first quarter of 2023.
China Molybdenum (03993): the first benefit distribution period of the first phase of the employee stock ownership plan in 2021 has been completed.
China Molybdenum issued a notice saying that the performance evaluation indicators for the first equity distribution period of the company's first phase of the employee stock ownership plan in 2021 have been reached, and the employee stock ownership plan management committee can allocate the unlocked shares and ancillary rights and interests during the first equity distribution period. Unlock about 12.3039 million shares, accounting for 0.057% of the company's total share capital.
Comments:China Molybdenum is the world's leading producer of tungsten, cobalt, niobium, molybdenum and important copper, as well as Brazil's leading producer of phosphate fertilizer, and the company's basic metals trading business ranks among the top three in the world.
The company holds 32.41 million tons of copper resources, ranking second in China, with a copper output of 233000 tons in 2021, ranking second among A-share listed companies; the company has retained cobalt resources of 5.55 million tons, with an output of 18500 tons in 2021, second only to Glencore and ranking second in the world.
In the past few years, the company has successfully acquired world-class mines at the bottom of the industry, owning two of the world's top copper and cobalt resources, TFM and KFM. TFM copper-cobalt deposit is one of the copper-cobalt ores with the largest reserves and the highest grade in the world, and its mining cost is very competitive. The construction of these two world-class projects will be accelerated this year, of which the TFM project will double the company's copper and cobalt mining capacity.
[list of important announcements for Hong Kong stocks]