1. Two departments summoned and warned automakers suspected of irrational competition.
2. Guangzhou: Fully promoting the implementation of major projects in intelligent connected and new energy vehicles, artificial intelligence, semiconductors and integrated circuits, and low-altitude economy.
3. Cui Dongshu of the China Passenger Car Association: The average price of new energy passenger vehicles in May was 169,000 yuan, an increase of 7,000 yuan year-on-year.
4. Geely Galaxy responded to automakers' focus on the World Cup: Increasing investment in sports marketing.
5. Xiaomi Automotive Technology Co., Ltd. increased its range-extended electric passenger vehicle product range.
6. Guangzhou's automotive industry achieved 100% domestic design of vehicle chips.
7. General Motors plans to abandon the lithium iron phosphate battery route and focus on lithium-rich manganese-based battery technology.
8. Li Auto, China Automotive Technology and Research Center (CATARC), and others established an advanced technology standard research group for intelligent chassis to promote research on drive-by-wire chassis technology and standards.
9. Changan Automobile responded to the listing and transfer of its 40% stake in Changan Ford New Energy: A normal structural adjustment at the shareholder level; there is no so-called "sale at a 40% discount". 10. Chery Automobile and Yinwang signed a strategic cooperation agreement to deepen cooperation on technologies such as Level 3 and Level 4 autonomous driving.
11. Porsche CEO confirmed: There will be no all-electric version of the 911 sports car.
12. Alphabet's self-driving car company Waymo will launch a $30 monthly membership plan.
13. US automotive parts and powertrain supplier Dana will merge with Eaton's Mobility business.
