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Market news: The Internal Revenue Service (IRS) failed to follow relevant review standards in a case involving a $384 million fine.

2026-06-29

Market news: The Internal Revenue Service (IRS) failed to follow relevant review standards in a case involving a $384 million fine.

Other News
2026-06-29

The Hang Seng Tech Index continued its upward trend, rising by more than 3%.

The Hang Seng Tech Index continued its upward trend, rising by more than 3%.
2026-06-29

1. Cui Dongshu of the China Passenger Car Association (CPCA): China imported 38,000 cars in May, a year-on-year decrease of 19%. 2. Tesla announced its Q2 2026 analyst delivery forecast: over 406,000 vehicles, a 12% increase quarter-on-quarter. 3.

1. Cui Dongshu of the China Passenger Car Association (CPCA): China imported 38,000 cars in May, a year-on-year decrease of 19%. 2. Tesla announced its Q2 2026 analyst delivery forecast: over 406,000 vehicles, a 12% increase quarter-on-quarter. 3. NIO Energy and Zhong'an Energy signed a strategic cooperation agreement. 4. New standards for automotive safety are being implemented, with side-impact collision standards being upgraded to the strictest level in 20 years. 5. Reports indicate that Mercedes-Benz will cancel year-end bonuses for 90,000 employees in Germany. 6. Volkswagen plans to lay off up to 100,000 employees globally over the next few years and close four German factories. 7. Seven automakers completed the first round of mandatory ESG information disclosure, with refined quality improvement and transformation becoming the direction for improvement. 8. Reports suggest that Porsche plans to move Cayenne SUV production back to Germany to improve capacity utilization. 9. Toyota's global sales in May reached 834,000 vehicles, a year-on-year decrease of 7.2%, with sales in the Chinese market declining by 31.7%. 10. "New Three Types" of solid waste are finding new uses: Domestic power batteries are experiencing a peak in retirement this year, and photovoltaic modules are being transformed into color-generating building materials. 11. Faraday Future launches Faber, the "first industrial-grade wheeled robot in the US," and simultaneously launches the new Futurist robot series. 12. Fang Wenyan, wife of Zhang Jianping, reduced her holdings in JAC Motors by 9.235 million shares between June 10th and June 23rd.
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