Understanding lithium demand, page-285

China's National Development and Reform Commission issued a policy to promote the renewal of consumption of automobiles. This news promoted the overall rise of the auto sector. At the close, BYD(01211.HK) rose 5.76%, quoted at 47.75 Hong Kong dollars, Geely Automobile(00175.HK) rose 2.23%, Great Wall Motor(02333.HKH) rose 2.06%.

Three ministries jointly issued a policy document

　　According to the news of the National Development and Reform Commission on June 6, in order to implement the spirit of the Central Economic Work Conference and the deployment of government work reports, further promote the upgrading and upgrading of key consumer goods, smooth the recycling of resources, and promote the formation of a strong domestic market, the National Development and Reform Commission and the Ministry of Ecology and Environment, and business. The Ministry jointly researched and formulated the “Implementation Plan for Promoting the Recycling of Key Consumer Goods and Unblocking Resources (2019-2020)”.

According to the "Proposal", all localities may not impose restrictions or purchases on new energy vehicles, and those that have already been implemented shall be cancelled . It is strictly forbidden to introduce new restrictions on automobile purchases in various places. Local governments that have implemented automobile purchase restrictions should speed up the transfer from restricted purchases to guided use according to urban traffic congestion, pollution control, and traffic demand control effects.

　　The "Proposal" requires to consolidate the momentum of industrial upgrading and continuously optimize market supply. Firmly grasp the new round of industrial transformation trends, vigorously promote the automotive industry to be electrified, intelligent, green , actively develop green smart appliances, accelerate the commercial application of 5G mobile phones, and strive to enhance the supply of new products.

The "Proposal" also mentioned that it will enhance the consumption support capacity and improve the supporting use environment. Actively develop used car business and auto finance, improve the home appliance marketing network, improve the infrastructure of charging and replacing, parking, network, etc. , and create a market environment that is convenient for consumption and safe to consume.