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Recently, Jiangte Electric explained the company's situation in the investor activity: among the three major industries of the company, the motor industry enjoyed a boom in production and sales this year, and its performance improved steadily; The automobile industry also grew in the first half of the year; With the completion of lithium carbonate expansion, the scale of lithium industry will expand and the profitability will be improved.

The details are as follows:

1、 How to cope with the declining subsidies for new energy vehicles?

Since 2013, the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the National Development and Reform Commission and other four ministries and commissions have launched the promotion and application of new energy vehicles, launched a series of policies to subsidize consumers' purchase of new energy vehicles, and defined the schedule for the gradual decline of subsidies for new energy vehicles until the complete cancellation. Therefore, the company has full expectations and preparations for the decline or even cancellation of subsidies for new energy vehicles. The following measures are mainly adopted to flexibly adjust the existing product structure according to the changes in market demand and policy orientation, expand overseas sales channels, lay out the market after the subsidy completely declines, increase R&D investment, increase the reserve of new models, and improve market competitiveness.

2、 What is the progress of the project?

There are mainly two projects invested by the Company this time, of which the lithium carbonate project has started trial production, and the Jiulong technical transformation project is in the early stage of preparation, and will speed up the construction after the raised funds are in place.

3、 There are many lithium extraction enterprises from lithium mica in Yichun, where is the main competitiveness of the company?

The company has achieved industrial production of lithium extraction from lithium mica. The company has rich experience and technology in the industry, and has strong advantages in cost control, product quality, etc; At the same time, the company has mastered relatively rich lithium mineral resources, improving the company's ability to resist risks.

4、 Is the motor of the company's new energy vehicles self used and its current development status?

The company's new energy automobile products basically use the company's own motors. At the same time, the company is also building and upgrading the new energy automobile motor production line to expand the scale and improve efficiency.

5、 How about the development of MiG motors, lithium carbonate production lines and Kowloon's performance?

The performance of MiG Motor remained stable and the industry had a good development trend; At present, the company has a 5000 ton/year production line, and the newly built 10000 ton lithium mica production line for lithium carbonate and 15000 ton spodumene production line for lithium carbonate and lithium hydroxide are also under trial production and construction in succession; Kowloon Automobile has fulfilled its performance commitment in the first three years. The peak production and sales season of new energy vehicles is mainly in the third and fourth quarters. Kowloon has expanded its sales through new models such as em3 and overseas channels such as Thailand and South Korea.

6、 What is the future development of the company?

Among the three major industries of the company, the production and sales of the motor industry are booming this year, and the performance is steadily improving; The automobile industry also grew in the first half of the year; With the completion of lithium carbonate expansion, the scale of lithium industry will expand and the profitability will be improved.

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