RECENT HEADLINES MAY 12th
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Nissan reports sales of 3.44 million vehicles globally for the fiscal year 2023

Nissan Motor Company recently released its fiscal year 2023 and fourth quarter financial reports. The full-year operating profit for fiscal year 2023 was 568.7 billion yen, a 51% increase year-over-year; the automotive business segment had an operating profit of 260 billion yen. Fiscal year 2023 marked the final year of the "Nissan NEXT Transformation Plan," and despite increased market competition, Nissan's global sales remained at 3.44 million vehicles.

The BYD SEAL 07 EV is on the market, priced between RMB 189,800 to 239,800 

The BYD SEAL 07 EV was officially launched recently, offering four versions priced between RMB 189,800 to 239,800. The SEAL 07 EV features oceanic aesthetic design, positioned as a pure electric mid-size SUV based on the new e-platform 3.0 Evo, incorporating a series of new technologies to enhance overall product performance. The new vehicle has already rolled off the assembly line at BYD's Changzhou factory and will be delivered to customers within this month.
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DENZA D9 four-seater flagship model surpassed 1,000 orders in two months, with deliveries expected in the second quarter

Today, DENZA officially announced that orders for the DENZA D9 four-seater flagship model have surpassed 1,000 units in two months. Priced at RMB 600,600 , deliveries are expected to begin in the second quarter. The new vehicle is based on the DENZA D9DM-i plug-in hybrid platform and features a luxury MPV with a comprehensive upgrade in interior design, including 18-way seat electric adjustments and dynamic headrests.
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Since its launch, Aito M9 has received over 80,000 orders in 136 days, starting at RMB 469,800 

Hongmeng Smart Drive announced the latest order figures for the Aito M9. Since its launch 136 days ago, the M9 has received over 80,000 orders. The new vehicle, launched on December 26, 2023, offers four models priced between RMB 469,800 to 569,800. Nationwide deliveries began on February 26, 2024.
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Musk: Tesla to spend over $500 million this year to expand its supercharging network

According to Reuters, Tesla CEO Elon Musk stated that Tesla would invest more than $500 million this year to expand its fast-charging network, building thousands of new charging stations. However, just a few days ago, Tesla abruptly laid off employees responsible for this business. This move has raised concerns among analysts who believe that charging infrastructure is crucial for consumer adoption of electric vehicles.
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The U.S. plans to impose new tariffs on China's "strategic" sectors! The Foreign Ministry urges the U.S. to cancel all additional tariffs against China

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It is reported that the Biden administration may announce new tariffs on China as early as next Tuesday, primarily targeting the electric vehicle and solar equipment sectors. In response, a spokesperson for the Chinese Ministry of Foreign Affairs stated that the U.S. is politicizing trade issues and misusing the so-called Section 301 tariff review process by increasing tariffs, which is a mistake. China urges the U.S. to adhere to World Trade Organization rules, cancel all additional tariffs imposed on China, and refrain from increasing tariffs.
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Xiaomi SU7 deliveries exceed 10,000 units, ensuring 100,000 deliveries this year

Official sources have announced that deliveries of the Xiaomi SU7 have surpassed 10,000 units over a period spanning from April 3rd to May 15th, totaling 43 days. Xiaomi's Chairman, Lei Jun, expressed the company's ongoing efforts to expand its production capacity, aiming to achieve the delivery of 100,000 new cars within the year.
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Expected to launch in June: latest updates on XPeng’s new MONA brand

Recently, Jiang Wen was appointed as the head of XPeng's newest brand, "MONA." The first vehicle under the new brand is currently being manufactured at XPeng's Zhaoqing factory. With the prototype already off the production line and advancing to the PT2 stage, the vehicle is slated for release in June and expected to begin deliveries in the third quarter.
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Thoughts on cooling Investment in the lithium battery industry

Several listed companies have recently announced the suspension or termination of their lithium battery projects, signaling a cooling in investment enthusiasm within the industry. This shift marks the beginning of a period of deep adjustment, where the focus is shifting towards high-quality development. Companies are now prioritizing technological innovation and quality improvement in an effort to refine their offerings and enhance overall industry standards.
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XPeng enters the French market, with the first model XPeng G9 set for July delivery

Recently, XPeng Motors held the launch event for the XPeng G9 in Paris, officially entering the French market and beginning a new chapter in its international strategy. The 2024 XPeng G9 is priced between 59,990 and 73,990 euros in France (approximately RMB 470,000 to RMB 580,000) and is scheduled for delivery starting in July this year.

The Philippines extends zero-tariff policy for electric vehicles to 2028

According to global media reports, the Philippine government’s economic committee announced that the zero-tariff policy for electric vehicles and parts has been extended to 2028 to reduce the country's dependence on fossil fuels and promote the development of its electric vehicle market. The committee, chaired by Filipino President Marcos, has also expanded the preferential tax rates to include hybrid vehicles, electric motorcycles, and electric bicycles.