Shentong Express obtained a loan commitment letter from Shanghai Pudong Development Bank's Hangzhou branch for a facility not to exceed RMB 405 million.

CPCA preliminary data: June 1-30 China passenger vehicle retail 1.651 mln units, down 21% YoY and up 9% vs May; YTD retail 8.75 mln, down 20% YoY. June 1-30 manufacturers' wholesale 2.376 mln units, down 4% YoY and up 7% vs May; YTD wholesale 12.562 mln, down 5% YoY.

Bloomberg reports millions of UK flat owners cannot install solar panels, heat pumps or air conditioning because leasehold clauses and strict local council planning guidelines restrict alterations to external walls and roofs. Local planning guidance prioritizes passive cooling over mechanical air conditioning, limiting retrofit options that could be cost-saving. Amid a record European heatwave, air conditioning has become a policy flashpoint; some net-zero guidance requires passive cooling be fully used before mechanical systems are permitted.