🚗 Automotive News Summary 🚗

Domestic News 🇨🇳

Beijing is drafting regulations to support the use of autonomous vehicles in ride-hailing and other services to promote the high-quality development of the autonomous driving industry.

Shanghai has banned the use of National III diesel passenger vehicles within the S20 outer ring expressway from July 1, 2024, to improve air quality and reduce pollution from high-emission vehicles.

Sichuan New Energy Vehicle Innovation Center is on the verge of mass-producing nano-level "sulfide electrolyte," a key material in solid-state batteries.

A report from AlixPartners suggests that by 2030, Chinese car brands are expected to account for 33% of the global market share, with most growth coming from outside China.

International News 🌏

Japanese domestic new car sales decreased by 13% in the first half of 2024, with microcars experiencing a 18% drop, marking a 13-year low.

South Korea's five major car manufacturers reported an 11.7% decrease in June sales, marking five consecutive months of year-on-year decline.

Hyundai Motor is seeking to establish a software research center in Silicon Valley to focus on advanced automotive technologies for the next 5-10 years.

Amplify Cell Technologies LLC (ACT) has started construction in Mississippi, a joint venture producing square lithium iron phosphate batteries for the North American commercial vehicle market.

Corporate News 🏢

Toyota is reportedly discussing the possibility of establishing a wholly-owned factory in Shanghai to produce Lexus vehicles, seeking similar treatment to Tesla's Shanghai factory.

Contrary to market rumors of a production decline, CATL (Contemporary Amperex Technology Co., Limited) stated that its operations are in good condition with a steady increase in global market share.

Xiaomi's first car, the Xiaomi SU7, delivered over 10,000 units in June, with expectations to maintain this volume in July.

GAC Aion's smart ecological factory in Thailand is set to be completed in mid-July, with the global launch of the second-generation AION V.

He Xiaopeng, chairman of XPeng Motors, believes that Tesla's FSD will surpass Waymo by 2025, as it has shown rapid progress and increasing data volume.

BYD reported a 34.17% increase in new energy vehicle sales in June 2024, with a total of 161.3 million vehicles sold in the first half of the year, a 28.46% increase year-on-year.

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