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If epidemic generally ends next month, it will suppress
#China#EV production and sales short-term, but mid and long-term it'd have a temporary effect,#GAC#NEV VP says. If it lasts until May, w'd have to see the magnitude & government's response to make a judgement, VP said.pic.twitter.com/khNKOUmZEO
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Epidemic to have a short-term effect on
#China auto sales, but long-term no effect, BYD Auto Sales GM says. Epidemic will boost demand for passenger vehicles, GM said.pic.twitter.com/VfmV2zQXri
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#China Q1#EV sales will certainly see epidemic effect, as for 2020 it is too early to say, but Feb is usually the lowest month, so I don't think it'll have a big effect on annual sales,#BAIC#BJEV GM said. We will not change our targets and will continue as planned, GM added.pic.twitter.com/6cVCnBKfZV
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Leap Motor T03 to enter market as scheduled in H1, company says as it reveals production to continue as of February 10th. Novel coronavirus outbreak so far has not affected our supply chain or manufacturing, company explained.pic.twitter.com/tzaSNtfGoG
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Joyson to supply airbags, safety belts, etc for Tesla Shanghai Model 3, Model Y,
#China media reports. Earlier GGII estimated Tesla to localize 80% of its supply chain by Q3, which would help gross margin/unit pass 30%. Currently, 50% of Tesla's China suppliers in Shanghai area.pic.twitter.com/dFLJUGsKPQ
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Big
#China#LFP producers continued production during Lunar & got new orders recently. February looks bleak for small/medium ones as they did not get any orders/inquiries, SMM reports.#LCO Feb production to
ca. 40% MoM due to delayed downstream demand and outbreak, SMM adds.pic.twitter.com/z971bky9Ke
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#China#lithium salt February production
ca. 40% MoM as logistics becomes an issue for country's major production areas in Qinghai, Sichuan and Shandong due to novel coronavirus outbreak, SMM estimates.
#Cobalt salt February production
ca. 25%, SMM forecasted.pic.twitter.com/a0u3SxAWnt
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Once epidemic under control,
#China#auto market to bounce back, but only short-term as outbreak just adds pressure on already downward trends, Shanxi Securities analyzes. Current situation reduces mobility, logistics demand, so short-term epidemic effect significant, it added.pic.twitter.com/HKkQFfNeiQ
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BMW 5, BYD Tang and Passat led Top 30
#China registered#PHEV models in 2019.pic.twitter.com/rRj3GBoSVe
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Zhongtong, Yaxing, Yutong win Weifang's ¥260 M tender for 100 city
#FCEV buses. Zhongtong to provide 40, Yaxing & Yutong 30 buses each. Last August, Weifang became Shandong's 1st city to have FCEV city buses. It plans to have 300 FC buses, sanitation & official vehicles by 2022.pic.twitter.com/VQql7N5wgx
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#China second tier cities recorded highest December passenger#NEV sales, 60.9 K, -59.02% YoY, vehicle registration data shows. (Shengang Securities)pic.twitter.com/RxxtnVjbFe
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#China#auto market downward trends from 2018-19 have not ended. Consumer power and confidence are still weak, so the outbreak will just delay market's recovery,#XPeng CEO. We produce based on orders, so we have no issues with inventory, CEO commented extended production halts.pic.twitter.com/T1mS2ty8gz
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Bullwhip effect shows that 15 days of market turbulence brings 2-3 months of operating cost losses, so I believe gov't will help co's reduce the losses, Chery
#NEV GM commented the outbreak. I hope subsidies won't be cut & local gov't money will go to charging subsidies, GM said.pic.twitter.com/9vAPlpwJLN
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Once epidemic is under control, part of consumers will want to reduce dependence on public transport and buy a car, says
#JAC#NEV Sales GM. Q1 production to be affected by extended holidays, so sales to depend on existing inventories, GM added.pic.twitter.com/xgadXmYk1E
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Short and mid-term, Wuhan outbreak will definitely affect not only
#auto industry but#China economy as a whole. It will be a huge challenge, especially for#EV startups,#NIO president says. However, long-term this will increase demand for private vehicles, president added.pic.twitter.com/loNDsDzsWQ
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MIIT allows delayed 2019
#CAFC-#NEV credit reports. Companies are allowed to rearrange time of reports according to epidemic situation and holiday extension situation in their provinces.#China#auto companies were supposed to submit the reports by the end of February.pic.twitter.com/iiB1Ife5i6
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#NIO Shanghai HQ to continue working on February 10th, the company said. Earlier, Anhui province, home of NIO's OEM, ordered holiday extension for factories until February 10th.pic.twitter.com/fuEAtpVjNr
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Great Wall's Fengchao to deliver >7GWh of
#EV#battery to a European#auto manufacturer,#China media reports. Manufacturer was not revealed, but earlier reports showed PSA, BMW, Audi & Mercedes were assessing Fengchao's prismatic 51Ah cell / 1P12S, 355VDA module.pic.twitter.com/hvMXfndZ2X
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Tesla (Shanghai) to delay February planned deliveries due to novel coronavirus outbreak,
#China media reports. The company is currently rearranging delivery plans, media cited Tesla official.pic.twitter.com/rTZWbHN2HS
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Short-term effect of Wuhan outbreak on
#China#auto production can be solved by exploiting currently low utilization rate of national production capacity. Outbreak won't affect long-term trends. Once epidemic under control, next quarter bounce back. (BOC International)pic.twitter.com/frBf5x2Jlf
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