Domestic News:

Guangzhou: By 2027, the city's regulated recycling and dismantling volume of scrapped cars is expected to increase by 2 times compared to 2023.

Shenzhen's first officially filed "20+8" fund, with 100% investment directed towards new energy and intelligent connected vehicles.

Main European car companies held a closed-door meeting, with some companies requesting higher provisional tariffs for large-displacement gasoline cars imported from Europe.

International News:

LG Electronics has partnered with ChargePoint, the largest charging pile operator in the U.S., to expand its electric vehicle charging business globally.

Japan's trade balance in May showed a deficit for the second consecutive month, with a 45.9% increase in semiconductor-related manufacturing equipment.

Stellantis is recalling about 1.16 million vehicles in North America due to potential interference with the rearview camera display caused by the vehicle's radio software.

Ford plans further layoffs in Europe.

Corporate News:

GAC Group is accelerating multiple cooperation projects with Guangzhou Production Investment.

Gao Yueqiong, former deputy general manager of BAIC Group and chairman of Beijing Hyundai, has reportedly joined Chery.

Contemporary Amperex Technology Co., Ltd. (CATL) and China Pacific Insurance (Group) Co., Ltd. have become shareholders of IM Motors.

Chery and Jaguar Land Rover have signed a strategic cooperation letter of intent to promote a new cooperation model.

Polestar's board chairman Håkan Samuelsson is stepping down, with Winfried Vahland, former CEO of Volkswagen China, taking over.

Yahua Group: A subsidiary has signed a long-term purchase and sale agreement for lithium carbonate with Tesla.

JAC Motors has added a second-hand car business.

Kaima B: Plans to transfer 50% of the equity and related registered trademark rights of its holding subsidiary Wuxi Kaima.