May Auto Sales Reach 2.417 Million Units

According to the China Association of Automobile Manufacturers (CAAM), in May, auto production and sales reached 2.372 million and 2.417 million units respectively, marking year-on-year increases of 1.7% and 1.5%.

Saudi Aramco to Acquire 10% Stake in HORSE Powertrain

Renault announced that Saudi Aramco will acquire a 10% stake in HORSE Powertrain Limited, a powertrain technology company. This acquisition will make Saudi Aramco a shareholder alongside Renault Group, Geely Holding Group, and Geely Automobile.

Geely Automobile Q1 Revenue Grows by 56% YoY

Geely Automobile reported that its first-quarter sales increased by 49% year-on-year, with group revenue rising by 56% compared to the same period last year. Net profit attributable to shareholders grew by 119% to 1.56 billion yuan.

Leapmotor C16 Launched, Starting at 155,800 Yuan

The new Leapmotor C16 features a 2+2+2 six-seat layout and is available in both extended-range and all-electric versions, with prices ranging from 155,800 to 185,800 yuan.

Neta L Pure Electric Version Launched, Starting at 139,900 Yuan

The new Neta L, available in three models, is priced between 139,900 and 162,900 yuan. It features integrated CTB battery technology and has a CLTC pure electric range of 510 km.

Lifan Technology Denies Rumors of Acquiring HiPhi

Lifan Technology staff responded to acquisition rumors, stating that they had not heard of such plans and suggesting that recent stock price increases might have led to the speculation. They confirmed that there was no information to support the acquisition rumor.

Seres Automotive Deploys 10,000-Ton Super Die-Casting Machine

Seres Automotive, in collaboration with Wencan Group, held a ceremony to launch the application of IDRA's 10,000-ton super die-casting machine for integrated robot processing. This marks the official production and application of the machine.

Toyota’s Global Production Declines in May, Plummets in China

According to Reuters, Toyota's global production in May fell by 4.1% year-on-year, marking the fourth consecutive month of decline. In China, production saw a significant year-on-year decrease of 21.7%.

Volkswagen's First Electric Coupe SUV to Launch in Mid-July

On June 28, Volkswagen (Anhui) opened its first 38 retail outlets. The brand's first intelligent electric coupe SUV, the ID. with distinctive features, was unveiled in offline stores and is set to launch in mid-July.

Ford Plans to Launch a $30,000 Electric Vehicle

Ford CEO Jim Farley announced plans to introduce a fully electric vehicle priced at $30,000. This model is expected to become profitable in approximately two and a half years.