🚗 Automotive News Summary 🚗
Domestic News
Shanghai is expected to launch a public test of unmanned driving vehicles for citizens within a week. The test will be free of charge throughout the period. It is reported that 5 vehicles will be put into public test in the first batch, and more new vehicles will be added later, with the specific model to be adjusted according to the actual performance after the test.
Chengdu Seeks Public Opinion to Build a Low-altitude Flight Service Hub City
The Chengdu Municipal Bureau of Economy and Information Technology recently released a public notice on the "Several Measures to Accelerate the Improvement of Low-altitude Flight Service Capability and Cultivate the Low-altitude Economy Market (Draft for Comments)" and its implementation details. It is proposed to accelerate the construction of low-altitude ground infrastructure, including general airports, unmanned aerial vehicle hub take-off and landing sites, eVTOL take-off and landing sites, and drone take-off and landing points.
China Machinery and Electronics Chamber of Commerce Urges US to Correct Discriminatory Subsidy Policies
The China Machinery and Electronics Chamber of Commerce stated on July 16 that the United States' "Inflation Reduction Act" has introduced discriminatory policies against Chinese products and industrial chains, aiming to support its local new energy vehicle industry by suppressing specific countries. The Chamber calls on the US to strictly abide by the WTO rules and obligations, to correct the discriminatory subsidy policies, and to stop unilateralism and trade bullying practices.
Shenzhen Pingshan: The Main Body of the Vehicle-Road-Cloud Integration Project Infrastructure to be Completed This Year
According to the "Pingshan Release" public account on July 16, this year, Shenzhen Pingshan District will complete the main body construction of the vehicle-road-cloud integration project infrastructure, strengthen cooperation with whole vehicle and front and rear terminal enterprises in the field of vehicle-road collaborative autonomous driving, and promote the mass production, road operation, and operation of the first batch of conditionally autonomous driving vehicles.
International News
Elon Musk, CEO of Tesla, confirmed on July 16 that Tesla will postpone the launch of the autonomous taxi (Robotaxi), and he requested important modifications to the front design of the vehicle. However, Musk did not confirm a new release date. According to a report by Bloomberg last week, Tesla postponed the release of the autonomous taxi from August 8 to October to provide more time for the project team to manufacture more prototypes.
Russia's Ministry of Economic Development: The North Caucasus Region is Willing to Strengthen Investment Cooperation with China
Sergey Nazarov, Deputy Minister of the Russian Ministry of Economic Development, said in an interview on July 15 that the North Caucasus region of Russia hopes to cooperate with China and is looking for opportunities to attract Chinese companies to invest. Nazarov said during the 2024 Caucasus Investment Forum that Russia is interested in multi-field cooperation with China, such as discussing the possibility of cooperation with several Chinese companies in the automotive industry, especially promoting the localization of automotive parts production.
South Korea's Automobile Export Volume Grew by 3.8% in the First Half of the Year, Setting a New Record for the Same Period
The Ministry of Industry and Trade of South Korea released data on July 16 showing that the export volume of South Korea's automobiles grew by 3.8% in the first half of the year, reaching $37 billion, setting a new record for the same period. According to the first half of the year, the export volume of South Korea's automobiles has increased for four consecutive years. In terms of export destinations, exports to North America grew by 25.9%, reaching $21.72 billion, driving the growth of the total export volume. In contrast, exports to Europe (-22.7%), Asia (-11.2%), and the Middle East (-17.7%) have all decreased year-on-year.
Corporate News
Huawei's cooperation with JAC Motors has officially named the brand "Zunjie," not the widely circulated "Ao Jie." Now, all four major car brands under Huawei's HarmonyOS Smart Travel Alliance have official names. The other "three realms" are "Wenjie," "Zhijie," and "Xiangjie."
BYD to Build its Second Electric Vehicle Factory in Southeast Asia in Cambodia
Cambodian Prime Minister Hun Sen said on social media that he has met with Liu Xueliang, General Manager of BYD Asia Pacific Automobile Sales Division, and BYD plans to invest in setting up an electric vehicle assembly plant in Cambodia, which can assemble 20,000 electric vehicles annually. The Cambodian factory will become BYD's second production base in Southeast Asia.
FAW's 60 Millionth Vehicle and 9 Millionth Jiefang Truck Roll Off the Production Line
On July 16, a Jiefang J7 Leading Edition high-end heavy truck slowly drove off the production line in Changchun, Jilin Province. This marked the official production of the 9 millionth Jiefang brand truck independently developed by China, and also marked that FAW's total output has reached 60 million vehicles.
Dongfeng Corporation: Song Hanming Recommended to Serve as General Manager of Dongfeng Motor Corporation
On July 15, Dongfeng Motor Corporation held a cadre announcement meeting. Zheng Hongyi, Minister of the Organization Department of the Party Committee of Dongfeng Motor Corporation, announced the adjustment decision of the leadership team members of Dongfeng Motor Corporation: recommended Song Hanming to serve as the General Manager of Dongfeng Motor Corporation; Chen Bin no longer serves as the General Manager of Dongfeng Motor Corporation.
Guanghui Automobile: Even if the Stock Price Hits the Daily Limit in the Next Trading Day, It Will Still Trigger the Trading Delisting Index Due to Continuously Being Below 1 Yuan for 20 Trading Days
On July 16, Guanghui Automobile announced that the closing price of the company's stock on July 16, 2024, was 0.87 yuan per share, which has been below 1 yuan per share for 19 consecutive trading days. Even if the stock price hits the daily limit in the next trading day, it will still trigger the trading delisting index due to continuously being below 1 yuan for 20 trading days. According to relevant regulations, the company's stock and convertible corporate bonds "Guanghui Convertible Bonds" may be terminated from the market trading.
Jiangling Motors: Unmanned Driving Trucks Jointly Developed with WeRide Have Been Applied to the Urban Freight Scene on Public Roads
On July 16, Jiangling Motors said on the interactive platform that the unmanned driving trucks jointly developed with WeRide have been applied to the urban freight scene on public roads. In May 2024, the unmanned driving freight trucks jointly developed by both parties were approved to carry out "fully unmanned testing" and "cargo testing" of autonomous driving urban freight vehicles in Guangzhou City. This is the first permit for fully unmanned remote testing of L4-level autonomous driving freight vehicles on open urban roads in China, and also the first 24/7 autonomous driving freight vehicle cargo testing activity supported in China.
Qianfang Technology: Luobo Kuaibao and Innovation Center Do Have Cooperative Business
On July 16, Qianfang Technology said on the interactive platform that in the equity of Beijing Intelligent Vehicle Union Innovation Center, Beijing Qianfang Technology Co., Ltd. holds 59.5%, and Beijing Baidu Netcom Technology Co., Ltd. holds 10%. Based on supporting the policy-oriented testing work of the Beijing Municipal and Yizhuang autonomous driving test demonstration, the Beijing Intelligent Vehicle Union Industry Innovation Center has vigorously expanded the business of autonomous driving and intelligent networked product R&D testing and certification testing. Luobo Kuaibao and the Innovation Center do have cooperative business.
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