Breakfast by car | Toyota is considering allowing employees to work four days a week; The major asset restructuring of Cialis is being promoted; BYD's Uzbekistan plant started production

Domestic news

Sichuan: By the end of 2025, Sichuan will build 860,000 charging infrastructure, with a rated power of 13 million kilowatts

According to the website of the Sichuan Provincial Government, recently, Sichuan issued the "Sichuan Provincial Charging Infrastructure Development Plan (2024-2030)". The plan proposes that by the end of 2025, Sichuan will build 860,000 charging infrastructure units with a rated power of 13 million kilowatts, and by the end of 2030, 2.93 million charging infrastructure units will be built with a rated power of 29.56 million kilowatts. The province has now built and put into operation 320,000 charging piles with a rated power of 5.33 million kilowatts.

From January to May, the total amount of social logistics in the country increased by 5.9% year-on-year

On June 28, the China Federation of Logistics and Purchasing announced the logistics operation data from January to May. The data shows that the current national economy is generally stable, and logistics demand continues to recover steadily. From January to May, the total amount of social logistics in the country was 135.3 trillion yuan, a year-on-year increase of 5.9%. Judging from the trend of the year, the cumulative growth rate of logistics demand has maintained a steady recovery trend. The total amount of social logistics is basically synchronized with the recovery and development of the economy.

AlixPlatinum: Chinese auto brands will have a global market share of 33% in 2030

AlixPartners, a consulting firm, recently released a report saying that Chinese automakers are expected to continue to expand rapidly overseas, accounting for 33% of the global auto market by 2030, and the market share is expected to reach 21% this year. Most of the growth will come from markets outside China, where sales will increase from 3 million this year to 9 million by 2030, meaning that by 2030, Chinese auto brands will grow their overseas market share from 3% to 13%, and their share of the domestic market is also expected to grow from 59% to 72%.

International News

Toyota is considering allowing employees to work four days a week to attract more talent

According to Nikkei, Toyota is considering allowing employees to work four days a week in an effort to attract more talent. If an agreement is reached with the unions, the policy could be implemented as early as this year.

The Supervisory Board of Continental AG has appointed Olaf Schick as its new Chief Financial Officer

On June 27, local time, the Supervisory Board of Continental appointed Olaf Schick as Continental's new chief financial officer, effective July 1, 2024. In addition to the Group Finance and Control functions, Schick will continue to be responsible for the Group's integrity and legal functions, which include Group Legal and Intellectual Property, Group Compliance, Group Internal Audit, Group Quality Management, and Group Risk and Control. Continental CEO Szeto Che will be responsible for the group's information technology (IT), which was previously part of the finance function.

BYD's Uzbekistan plant started production

On June 27, Uzbek President Mirziyoyev visited BYD's Uzbekistan factory, and witnessed the official launch of the first batch of mass-produced new energy vehicles at BYD's Uzbekistan factory, Song Plus DM-i Champion Edition, together with Yu Jun, Ambassador Extraordinary and Plenipotentiary to Uzbekistan, Wang Chuanfu, Chairman and President of BYD, and Li Ke, Executive Vice President of BYD. In addition, BYD and the Uzbek government signed a green transportation cooperation initiative to jointly promote sustainable mobility.

Hyundai may pay CNY 291 million for the IPO of its Indian subsidiary

According to Reuters, banks that advised Hyundai Motor India's initial IPO will receive commissions of up to US$40 million (about 291 million yuan), according to people familiar with the matter. This will be the second-highest fee for investment banks to help companies with IPOs in India. Hyundai's Indian subsidiary has applied to Indian regulators for approval this month, which is expected to be the largest listing deal in the country's history. Hyundai Motor plans to raise about $2.5 billion to $3 billion through an IPO in India, and expects the valuation of its Indian subsidiary to reach $30 billion.

Corporate News

BAIC Group and Bank of China Beijing Branch reached a strategic cooperation of 100 billion yuan

According to the official account of BAIC Group on June 28, a few days ago, BAIC Group and Bank of China held a signing ceremony for bank-enterprise strategic cooperation. According to the strategic cooperation agreement, Bank of China Beijing Branch will provide BAIC Group with a strategic cooperation quota of 100 billion yuan to strengthen cooperation with BAIC Group in the fields of science and technology finance, refinancing and refinancing of manufacturing equipment, green credit, equity investment, securities capital, supply chain finance and cross-border finance.

Tick Travel is officially launched

On June 28, Tick Chuxing officially landed on the main board of the Hong Kong Stock Exchange with the stock code 02559.HK. HK, CICC, Haitong Securities and Nomura Securities are the joint sponsors. According to the announcement of the allotment results, Dida Travel offered 39,091,000 shares globally, including 19545500 shares for international offering and 19545500 shares for public offering. The public offering at the IPO stage was subscribed 112.9 times, with 19,815 subscribers. The final offering price was HK$6 per share, and the net proceeds from the global offering were approximately HK$182 million.

Volkswagen is recalling a total of 771 imported Lamborghini Urus series vehicles

According to the State Administration for Market Regulation, Volkswagen (China) Sales Co., Ltd. will recall some imported 2023-2024 Lamborghini Urus series cars produced between October 7, 2022 and February 2, 2024, a total of 771 vehicles, from July 18, 2024. The reason for the recall is that the strength of the hood fixing rivets of some vehicles is insufficient, which may cause the hood to open unexpectedly at high speeds, which is a safety hazard.

Cialis: Major asset restructuring is in progress

On June 28, Cialis Group Co., Ltd. disclosed the progress of major asset restructuring, and the company intends to purchase 100% of the shares of Chongqing Liangjiang New Area Longsheng New Energy Technology Co., Ltd. held by Chongqing Industrial Investment Fund of Funds Partnership (Limited Partnership), Chongqing Liangjiang New Area Development and Investment Group Co., Ltd. and Chongqing Liangjiang New Area Industrial Development Group Co., Ltd. by issuing shares. On April 29, the 11th meeting of the fifth board of directors of the company deliberated and approved the "Proposal on the Company's Proposal for Issuing Shares to Purchase Assets" and other proposals related to this transaction. Since the disclosure of the plan, the company and relevant parties have actively promoted the work of this transaction. As of the date of disclosure of this announcement, the due diligence and other work involved in this transaction are continuing to advance.

Carl Power announced the completion of a round of financing of 600 million yuan to accelerate the unmanned and commercialization of autonomous driving in formation

On June 28, Carl Power announced the completion of a round of financing of 600 million yuan, which will be used to accelerate the large-scale application and commercialization of L4 autonomous driving formation technology. In the past year, Carl Power has raised a total of more than 1 billion yuan, and its investors include Ordos State Investment Group, Ordos Group, CIMC Vehicles and Shenzhen Investment Holding Cooperation Fund, Horizon and other strategic investors.

Lifan Technology refutes rumors of the acquisition of Gaohe Automobile

Recently, it has been rumored in the industry that Lifan Technology plans to acquire Gaohe Automobile, and some media have sent a letter to the office of the board of directors of Power Sail Technology, and the staff said, "We have not heard of it ourselves, it should be the recent rise in stock prices, so everyone imagines." I don't know about it, I haven't heard of it. Previously, Gaohe Automobile responded to the media, saying, "At this stage, it is impossible to make any evaluation or explanation for any transactions and negotiations that have not reached a written agreement." ”

Dongfeng Motor: Recently, it received a government subsidy of 81.7859 million yuan

Dongfeng Motor announced on the evening of June 28 that the company recently received a government subsidy of 41.7859 million yuan from the Finance Bureau of Xiangyang High-tech Industrial Development Zone and 40 million yuan from the Treasury Collection and Payment Center of the Financial Bureau of Xiangyang High-tech Industrial Development Zone. The above subsidies are related to revenue, accounting for 40.88% of the company's net profit in 2023.

Haima Motor: Plans to transfer 12% equity interest in Hainan Bank

On June 28, Haima Automobile announced that Haima Finance, a subsidiary of the company, plans to transfer all the shares of Hainan Bank (360 million shares, accounting for 12% of the total shares of Hainan Bank), and plans to pre-list on national equity exchanges such as Shanghai United Equity Exchange in the near future.

Text: Yao Huifa Editor/Layout: Liu Xiaoye

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