Smart Cars

12:04

                            BYD officially announced: Yangwang U7 officially starts delivery
                        
                            BYD Yangwang Auto announced on its official Weibo that the delivery of Yangwang U7 has officially started. On March 27, BYD Yangwang U7 was officially launched. The new car has two configuration models, a four-seat version priced at 708,000 yuan and a five-seat version priced at 628,000 yuan.
                        
12:01

                            Hong Kong Stocks Midday Review: Hang Seng Index fell 0.50% Hang Seng Technology Index fell 1.05%
                        
                            At the close of Hong Kong stocks at noon, the Hang Seng Index fell 0.50%, and the Hang Seng Technology Index fell 1.05%. Xpeng Motors fell more than 5%, Alibaba and NIO fell more than 2%; Pop Mart rose more than 1%.
                        
09:40

                            Hong Kong-listed auto stocks fell in early trading, with Xpeng Motors (09868.HK) falling more than 6%, NIO (09866.HK) falling more than 3.3%, BYD Co., Ltd. (01211.HK) falling more than 2.7%, Leapmotor (09863.HK), Yadea Holdings (01585.HK), BAIC Motors (01958.HK), and Li Auto (02015.HK) all falling 1.5%.
                        
09:22

                            When the Hong Kong stock market opened, the Hang Seng Index opened down 0.59%, and the Tech Index opened down 1.13%; Horizon Robotics (09660.HK) fell nearly 6%, Xpeng Motors (09868.HK) fell more than 3%, Kingdee International (00268.HK) and Alibaba (09988.HK) fell more than 2%, and China Biologic Products (01177.HK) rose more than 4.8%.
                        
09:22

                            Hong Kong stocks opened: Hang Seng Index opened 0.59% lower, Hang Seng Technology Index opened 1.13% lower
                        
                            Hong Kong stocks opened, the Hang Seng Index opened 0.59% lower, and the Hang Seng Technology Index opened 1.13% lower. Xpeng Motors and Alibaba fell more than 2%, while Pop Mart rose more than 1%.
                        
08:37

                            CITIC Securities: Many automakers promise to unify supplier payment terms to within 60 days, and the auto industry has entered a new stage of high-quality development
                        
                            According to a research report by CITIC Securities, recently, many automakers including GAC, Dongfeng, Seres, Geely, and BYD responded to the State Council's "Regulations on Guaranteeing Payment of Small and Medium-sized Enterprises" and the China Automobile Association's initiative, promising to unify the payment period for suppliers within 60 days to accelerate the capital turnover of the industrial chain and ensure the stability of the supply chain. Previously, the purchase period of large automakers generally exceeded 60 days, exacerbating the risks of capacity expansion and price wars. This move is not only a response to the policy, but will also fundamentally promote the high-quality development of the automotive industry and drive a benign change in the industrial chain.
                        
07:47

                            Uzbekistan made history by entering the World Cup. The president rewarded each player with a BYD car.
                        
                            In the last round of Group A of the 2026 World Cup qualifiers, Uzbekistan, which had already qualified, defeated the Asian Cup champion Qatar 3-0 at home, successfully ending the World Cup qualifiers with a victory. After the game, the Uzbek team held a grand celebration ceremony. Uzbek President Mirziyoyev personally attended the scene and presented commemorative medals to the players and staff. Each player also received a BYD electric car made in China.
                        
04:08

                            The three major U.S. stock indexes closed down collectively, with Intel falling more than 6%
                        
                            U.S. stocks opened high but ended low, with the three major indexes collectively closing down. The Nasdaq fell 0.5%, the S&P 500 fell 0.27%, and the Dow fell slightly by 1 point. Most large technology stocks fell, with Intel falling more than 6%, the largest single-day drop in two months; Amazon fell more than 2%, Apple and Meta fell more than 1%, Nvidia and Google fell slightly; Netflix rose more than 1%, and Tesla and Microsoft fell slightly. Oklo rose nearly 30%, setting a record closing high, and the company reached a nuclear power agreement with the U.S. Air Force. Space technology company Voyager Technologies Inc. (VOYG) rose more than 84% on its first day of U.S. IPO.
                        
01:40

                            According to the New York Times: Tesla CEO Elon Musk had a private conversation with US President Trump before issuing a "regret" statement.
                        
23:13

                            Trump responds to Musk's apology: I think he did a very good job
                        
                            U.S. President Trump responded to Musk's apology on June 11 local time, saying, "I think it's very good that he did that." In the early morning of the 11th Eastern Time, Tesla and SpaceX CEO Elon Musk said on his social media platform "X" that he regretted some of the posts he made about U.S. President Trump last week, saying that "the content was too much."
                        
22:20

                            Shenyang: 5 home appliance trade-in activities suspended from 24:00 on June 30
                        
                            The Shenyang Municipal Bureau of Commerce issued an announcement on adjusting the trade-in activities for some consumer goods. From 0:00 on June 13, the subsidy qualification collection ports such as Liaositong and WeChat will be temporarily closed, and unified to Yunshanfu and JD platform ports. At the same time, the subsidy qualification issuance time for three activities, including the trade-in of home appliances, subsidies for the purchase of new mobile phones, tablets, smart watches (bracelets), and "renewal" of home decoration and kitchen and bathroom (home and home decoration products under the responsibility of the Municipal Bureau of Commerce), will be adjusted to 9:00 to 12:00 every day. The daily subsidy qualification limit for each port is issued on a first-come, first-served basis and will end on the day when it is collected. From 24:00 on June 30, five activities, including the trade-in of home appliances, subsidies for the purchase of new mobile phones, tablets, smart watches (bracelets), "renewal" of home decoration and kitchen and bathroom (home and home decoration products under the responsibility of the Municipal Bureau of Commerce), trade-in of electric bicycles, and replacement and renewal of cars, will be suspended. The resumption time of the activities will be announced separately.
                        
22:15

                            He Xiaopeng: The "60-day account period commitment" must not only be done, but also done quickly
                        
                            On the evening of June 11, at the launch of the Xpeng G7, He Xiaopeng, chairman and CEO of Xpeng Motors, responded to the "60-day payment period to suppliers" by saying that Xpeng's payment period was relatively long in the first half of last year, but it was greatly shortened in the second half of last year, and further shortened in the first quarter of this year, so "payment period within 60 days" is consistent with Xpeng's direction. He also said: "This time, 17 car companies have announced that the payment period will be within 60 days, which is obviously good for the entire industry and users. So I am very much looking forward to this being done in the future. Not only should everyone do it, but also do it quickly."
                        
18:44

                            CATL and the University of Hong Kong reach strategic cooperation
                        
                            According to CATL, CATL and the University of Hong Kong have recently signed a strategic cooperation agreement. The two sides will focus on the three dimensions of international zero-carbon policy standard formulation, zero-carbon technological innovation, and zero-carbon energy transformation, and jointly build a zero-carbon future innovation center and a zero-carbon industry alliance.
                        
15:38

                            More than 10 automakers have announced that they will unify their supplier payment terms to within 60 days
                        
                            Recently, more than 10 automobile companies have announced that they will unify the payment period for suppliers to within 60 days, taking concrete actions to accelerate the capital turnover efficiency of the industrial chain and promote the healthy and sustainable development of the automobile industry. So far, BYD Auto, FAW Group, Dongfeng Motor, Geely Auto Group, GAC Group, Seres Group, Changan Automobile, Chery Group, Great Wall Motor, Xiaopeng Motors, Xiaomi Motors, etc. have recently announced that they will unify the payment period for suppliers to within 60 days. Industry insiders believe that relevant measures are conducive to ensuring the stability of the industrial chain and supply chain and promoting the coordinated development of upstream and downstream enterprises in the industrial chain.
                        
15:32

                            Musk: Tesla's driverless Robotaxi is scheduled to be released in Texas on June 22
                        
                            Tesla CEO Elon Musk and Tesla's official account simultaneously forwarded a video of a Tesla Model Y with the words Robotaxi printed on it being tested on public roads in Austin, Texas, on June 11, and said that the Robotaxi project is scheduled to be launched first in Austin on June 22, and the date is still subject to adjustment. In addition, Musk revealed that the first Tesla that will be delivered directly from the factory to the customer's home without a driver is scheduled to be delivered on June 28. Musk emphasized that all Tesla cars shipped out of the factory have the ability of intelligent assisted driving (without driver supervision). Robotaxi will be launched in Austin and Los Angeles.
                        
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