focusAuto market sales
New car sales in Denmark surged 23% in May, led by electric vehicles
Denmark’s new car registrations increased by 23% year-on-year in May, making it one of the strongest car markets in Europe. This increase was mainly due to the hot sales of pure electric models. According to data from market research firm Dataforce, sales of pure electric vehicles in Denmark soared 51% year-on-year to 10,965 units in May, accounting for 61% of the market share. Among them, sales of the Volkswagen Group’s Skoda brand soared 236% year-on-year to 1,951 units, mainly due to the continued hot sales of its compact pure electric SUV Elroq, which has topped Denmark’s best-selling model list for two consecutive months.
Focus on industry and economics
Industry groups have called on the U.S. House of Representatives to reinstate the electric vehicle tax credit policy
July 1st,Electric vehicleThe advocacy group Electrification Coalition has appealed to the U.S. House of Representatives to reconsider a bill passed by the U.S. Senate. The bill intends to end the $7,500 tax credit for new electric vehicle sales and lease vehicles, as well as the $4,000 tax credit for used electric vehicles, on September 30.
Prime Minister of Japan:United StatesCarIt is difficult to open sales in the Japanese market
Japanese Prime Minister Shigeru Ishiba said on July 2 that it is difficult for American cars to open up sales in the Japanese market as a whole, and said that the Japanese government needs to discuss with the United States how to increase the number of cars imported from the United States. He said, “There is no market in Japan for left-hand drive, large, and fuel-efficient cars made in the United States, and we will negotiate with the United States how to produce better products and introduce them to Japan, while taking into account Japanese safety standards.” ”
Canadian Prime Minister’s AssociationseeAutomotive industry executives
On the morning of July 2, Canadian Prime Minister Mark Carney met with automotive industry executives to discuss U.S. tariffs and how to protect Canada’s auto supply chain from U.S.-Canada trade frictions. The meeting was attended by the CEOs of Ford Canada, Stellantis Canada and General Motors Canada, as well as heads of the Canadian Automobile Manufacturers Association. Participants discussed “the need to build Canada’s native automotive supply chain and diversify its trading partners.”
Focus on the new trends of traditional car companies
Changan Automobile plans to build a plant in Europe
On July 2, Nic, head of marketing, sales and service of Changan Automobile Europe
Thomas said the company is planning to establish a production base in Europe to support future market expansion and is currently evaluating multiple site options. “The company is committed to localizing production in Europe to serve the European market, and we are promoting localized production solutions. Thomas did not disclose a specific timeline for building the plant, but emphasized: “We are confident that we can meet our sales scale target, so we have entered the substantive planning stage.” ”
VolvoCarJuneglobeSales fell 12% Pure electric vehicle salesfell26%
On July 2, Volvo Cars announced that its sales fell for the fourth consecutive month due to trade tariffs and weakening demand for electric vehicles. Volvo Cars said in a statement that its global sales in June were 62,858 units, down 12% year-on-year, of which pure electricCar salesDecreased by 26%, accounting for 22% of total sales, and total sales of electrified vehicles, including plug-in hybrid models, fell by 19%, accounting for 44% of total sales.
Hyundai has temporarily avoided price increases due to tariffs
Hyundai North America CEO Randy Parker revealed in a conference call with the media on July 1 that keeping product prices close to the public is key to addressing market challenges in the “challenging” second half of the year. Despite reports that Hyundai may be on the verge of raising prices, the company has not made any adjustments to product pricing due to tariff concerns.
Hyundai and Genesis sales in the United States reached a record high in the first half of the year
Hyundai and Genesis brands both achieved strong sales in the U.S. market in the second quarter, driven by a diversified powertrain product matrix and strong market demand for SUVs. In the second quarter, the two brands combined sold 235,726 units in the United States, up 10% year-over-year. In June, sales of the two brands increased by 4.5% y/y to 76,525 units despite the decrease in sales days. In the first half of this year, the cumulative sales of the Hyundai brand in the United States were 439,280 units, a year-on-year increase of 9.8%, and Genesis sales in the first half of the year were 37,361 units, an increase of 17%.
Hyundai is open to building a third plant in Europe
Hyundai is looking to capitalize on the growth momentum of Chinese electric vehicles in Europe to capture market share from Western and Japanese competitors. Hyundai’s new head of Europe, Xavier Martinet, said the group is open to building a third plant in Europe in order to replicate its expansion achievements in the US market. “There is no reason for us to be the first victims of the impact of China’s electric vehicles, and in fact we may even benefit from it,” he said. Compared with the era of traditional fuel vehicles, more electric vehicle consumers are willing to try new brands. ”
It was revealed that BYD had shelved its plans to build a factory in Mexico due to Trump’s trade policy
Chinese electric vehicle maker BYD has shelved plans to build a large factory in Mexico due to geopolitical tensions and uncertainty over US President Donald Trump’s trade policies. Li Ke, executive vice president of BYD, said in a recent interview in Brazil that the company still intends to expand the American market, but there is no timetable for new investment plans.
Stellantis has appointed Tim Kuniskis to lead U.S. branding, North American marketing and retail strategy
Stellantis recently announced a key appointment, appointing Tim Kuniskis, CEO of Ram Brands, as Group Head of U.S. Brands, while leading North American marketing and retail strategic planning. In addition, Stellantis will relaunch its high-performance division, SRT, which will be directly led by Kuniskis. He will retain his role as CEO of the Ram brand, and the existing CEOs of each brand will continue to be responsible for the operations of their respective brands.
Toyota brand U.S. sales rose 7.1% in Q2
In the second quarter of this year, Toyota brand sales in the U.S. market increased by 7.1% year-on-year to 570,546 units; Lexus sales rose 8.1% to 95,421 units, a record high for the same period. Although company executives saidyieldIt hit a new high, but the two major brands still struggled to increase deliveries to dealers.
Toyota will build a vehicle test base in Arizona, USA
Toyota Motor North America announced on July 2 that it will invest more than USD 50 million to build a new vehicle and automotive technology test and development facility at its test site in Arizona, USA. The new construction includes a 5.5-mile oval track, an off-road park, new handling test surfaces and other improvements, most of which will be completed later this year. In addition, Toyota plans to build a future plant for research and development of advanced driver assistance technologies.
NissancauseEngine failure willIn the United StatesMore than 443,000 vehicles were recalled
On July 2, the National Highway Traffic Safety Administration (NHTSA) said Nissan would recall 443,899 vehicles in the United States due to the risk of engine failure. NHTSA said Nissan found potential manufacturing defects in engine components in some vehicles, which could lead to engine damage or complete failure, thereby increasing the risk of vehicle collisions.
NHTSA has opened a recall investigation into about 299,000 Stellantis vehicles
The National Highway Traffic Safety Administration (NHTSA) said on July 2 that it had launched a recall investigation into about 299,000 Stellantis vehicles after receiving complaints about shift cable bushing failures. Bushings are typically made of rubber and are used to connect the shift cable to the drivetrain, allowing the vehicle to shift gears. If the bushings are damaged or missing, the vehicle may move unexpectedly.
Focus on electrification
Tesla’s Q2 global deliveries fell 13% year-on-year
Tesla’s global deliveries in the second quarter fell 13% year-on-year to 384,122 units, compared to 443,956 units in the same period last year. Among them, Model 3 sedan and Model Y SUV delivered a total of 373,728 units. A total of 10,394 units were delivered for the Model S sedan, Model X SUV, and Cybertruck pickup. Tesla’s delay in launching affordable models, CEO Elon Musk’s controversial political stance, and a sharp decline in the U.S. market have all led to a second consecutive quarter of decline in Tesla deliveries.
teslaDomestic car sales in JuneWelcome the first year-on-year increase in 2025
Tesla’s Shanghai Gigafactory shipments increased year-on-year for the first time this year in June, likely benefiting from regulatory approval for its advanced driver assistance features. According to the latest data from the Passenger Car Association, Tesla’s Shanghai factory delivered 71,599 units in June (excluding export and domestic sales), a slight increase of 0.8% year-on-year and 16% month-on-month. Although the increase is limited, this year-on-year positive may mark a turning point for Tesla in China. At present, Tesla is deeply involved in the fierce competition of the price war in China’s auto market.
Affected by tariffs，Rivian deliveries fell sharply
Rivian Motors announced on July 2 that its electric vehicle deliveries fell sharply in the second quarter due to intense market competition and economic uncertainty caused by tariffs, and its stock price fell 3.5%. In the quarter ended June 30, Rivian delivered 10,661 vehicles, down 22.7% year-over-year. As the company prepares to launch the 2026 upgraded R1T pickup and R1S SUV, production for the quarter was lower than expected, with only 5,979 vehicles produced.
Lucid Q2Deliveries increased, but were lower than expected
On July 2, U.S. electric vehicle maker Lucid announced that second-quarter deliveries were 3,309 units, a year-on-year increase of 38%, but this figure was still lower than Wall Street’s expectations, with production of 3,863 units in the same period. In the first half of this year, the company produced a total of 6,075 vehicles and delivered 6,418 vehicles. Demand for Lucid’s expensive luxury electric vehicles has weakened as consumers shift to cheaper hybrid and gasoline-powered vehicles due to high interest rate pressures.
Focus and intelligence
Moove received $1.2 billion in debt financing for business expansion
According to people familiar with the matter, AfricaOnline ride-hailingStartup Moove is about to close a $1.2 billion debt financing that will be used to deploy its self-driving fleet in partnership with Alphabet’s Waymo and drive its expansion in the U.S. market. Founded in 2020, Moove initially focused on providing vehicle financing services to ride-hailing drivers in large African markets. The company has attracted high-profile investors, including Uber. In December 2024, Moove reached a preliminary cooperation agreement with Waymo.
