U.S. State Department has approved a potential foreign military sale of amphibious assault vehicles and related equipment to the Italian government, estimated at $30.6 mln.

CPCA data: May retail sales of passenger vehicles 1.510 mln units (May 1-31), down 22.1% YoY and up 9.2% MoM; YTD retail 7.099 mln, down 19.5% YoY. Market-characteristics: inventory-led competition intensifying and industry divergence widening. NEV growth is no longer broad-based—high-end electric models are surging while low-end, budget models and county/township and entry-level segments are contracting sharply. The short-lived new-car stimulus is weakening market pull. Channel stress is rising: accelerated, often forced, destocking; dealers generally loss-making and operational risks increasing. Conclusion: May improvement reflects only a structural repair; product-level electrification upgrades and overseas exports have become the primary long-term growth supports for the sector.

沪银主力合约日内重挫8.00%，现报16350.00元/千克。