lpr
According to China Financial News Network, combined with the signal released by the central bank in the early stage, market participants believe that MLF continues to exceed the quota, the liquidity of the banking system is reasonable and abundant, and the loan market interest rate (LPR) may fall in two daysLPR over 5 years is more likely to decline.
There have been precedents in history where the MLF rate has remained unchanged but the LPR has fallen, and the LPR** bank will lower the rate based on factors such as the cost of funds, market supply and demand, and risk premium**.
Photovoltaics
On February 8, 2024, Norway-based REC Silicon announced that its wholly owned subsidiary, REC Advanced Silicon Materials LLCWill shut down polysilicon capacity at its plant in MontanaThe main reason for the shutdown was the high cost of electricity.
It is worth noting that REC is restarting about 20,000 tons of production capacity for FBR granular silicon capacity in Washington state, which is expected to reach production by the end of 2024, explainedGranular silicon production capacity has certain advantages in the context of high electricity prices
Oriental Fortune** believes that some overseas high-cost production lines have been shut down, indicatingThe industry has entered the stage of gradual liquidationThe competitiveness of enterprises with scale, low cost and technological advantages is more significant.
Oriental Fortune**).
Intelligent driving
On February 18, the first day of the Year of the Dragon, He Xiaopeng, CEO of Xpeng Motors, wrote an internal letter to all employees.
Xpeng will hire about 4,000 people in 2024, and its R&D budget will increase by more than 40% year-on-year.
It is understood that Xpeng Motors invests 3.5 billion yuan in R&D every year in AI technology with intelligent driving as the core.
February** Dynamic Incentive Program