focusAuto market sales
US Q2Car salesrise
U.S. car sales rose in the second quarter, driven by demand for gasoline-powered vehicles. Overall, U.S. new car sales in June were about 1.25 million units, with an annualized sales rate of 15.34 million units adjusted for seasonal factors, according to data released by Wards Intelligence.
French car sales fell 6.7% year-on-year in June
According to data released by the French Automobile Manufacturers Association PFA, new car registrations in France fell 6.7% year-on-year to 169,504 units in June. Since the beginning of the year, the French auto market as a whole has shrunk by 7.94%.
Italy’s new car sales in June fell 17.44% year-on-year
According to data released by the Italian Ministry of Transport, new car sales in Italy fell 17.44% year-on-year to 132,191 units in June, the largest decline this year.
New car registrations in Spain increased by 15.2% year-on-year in June
According to data released by the Spanish Association of Automobile Manufacturers (ANFAC) on July 1, the Spanish new passenger car market continued its strong momentum in June, with sales reaching 119,125 units, a year-on-year increase of 15.2%, of which Renault, Toyota, and Volkswagen ranked among the top three in sales.
Thailand’s new car sales increased slightly by 5% year-on-year in May
The Federation of Thai Industries (FTI) announced that in May this year, new car sales in Thailand increased slightly by 5% year-on-year to 52,229 units, a rebound from the sluggish performance of 49,871 units in the same period last year. This is the second consecutive month that new car sales in Thailand have increased.
focusNew trends in traditional car companies
Renault’s stake in Nissan lost $11.2 billion
On July 1, Renault announced that it would recognize a non-cash loss of about 9.5 billion euros ($11.2 billion) after adjusting the accounting treatment of its troubled Nissan holdings. Renault said the new accounting method will link the value of its Nissan shares to Nissan’s stock price, which has plummeted 38% in the past 12 months. However, Renault emphasized that the adjustment will not have a cash impact on the company and will not change how Renault’s dividend is calculated.
Stellantis Q2 sales in the U.S. fell 10% year-on-year
In the second quarter of this year, in the U.S. market, Stellantis’ sales fell by 10%, mainly due to a sharp decline in sales of the Chrysler, Dodge and Alfa Romeo brands, despite improved sales of Stellantis’ Ram and Jeep brands.
A number of car companies oppose the Indian government’s proposed carbon emission plan
The Indian automobile manufacturers association pointed out in an official report to the Ministry of Power that the Indian government plans to reduce vehicle exhaust emissions by one-third from 2027, a goal that is more than twice as fast as the previous target, which may have an impact on the sustainable development of the automotive industry. People familiar with the matter also revealed that the Indian government has also proposed different emission standards for small and light cars and heavy-duty vehicles, but automakers have also objected, believing that India’s use of regulations to curb greenhouse gas emissions is “too radical”.
Stellantis may close some of its factories due to EU carbon emission fines
On July 1, Stellantis’ head of Europe said that if it fails to meet the EU’s increasingly stringent carbon emission targets, the company could face fines of up to 2.5 billion euros (about $2.95 billion) “within two to three years” and even have to close some factories.
Toyota postponedElectric vehiclePlan to increase the production of fuel SUVs
Toyota Motor Corporation’s plans to produce a new electric SUV at its Georgetown, Kentucky, plant in the United States have been delayed for more than a year to free upCapacityProduced the popular fuel-powered SUV, the Grand Highlander.
Ferrari unveils the new Amalfi fuel coupe
On July 1, luxury sports car manufacturer Ferrari unveiled the new Amalfi coupe. Equipped with a 4.0-liter twin-turbocharged V8 engine with 631 braking horsepower, the zero hundred acceleration time only takes 3.3 seconds, and the power and performance are further improved compared to the Roma. The starting price of the new model is set at 240,000 euros (about 2.02 million yuan), and the first deliveries to customers are scheduled to begin in the first quarter of next year.
Hyundai Motor Company has established a new user experience lab in Seoul
Hyundai Motor Company is ramping up its research on vehicle user experience and has opened a new showroom and research lab in Seoul called UX Seoul Studio. In addition to its exhibition hall function, the studio will also serve as a research lab where visitors will be able to test emerging UX concepts through simulated scenarios.
focusElectrification
Tesla’s Q2 deliveries are expected to decline again
Tesla’s deliveries are expected to decline again in the second quarter as consumer opposition to Tesla CEO Elon Musk’s political stance and external competitive pressures continue to weigh on demand. According to a survey of 23 analysts by Visible Alpha, Tesla is expected to deliver 394,380 vehicles in the second quarter, down more than 11% year-on-year.
Musk personally took over Tesla’s European and US sales
Tesla CEO Elon Musk personally took over Tesla’s sales in Europe and the United States after the departure of confidant Omead afshare after the departure, according to people familiar with the matter. Previously, Omead afshare was responsible for Tesla’s sales and manufacturing operations in North America and Europe. Zhu Xiaotong, who is based in China, will continue to be responsible for Tesla’s sales in Asia and take over global manufacturing.
Ford Q2 electric vehicle sales in the United States plummeted by 31%
In the second quarter of this year, sales fell 19.5% due to the suspension of sales of the Mustang Mach-e model due to safety defects, and Ford’s electric vehicle sales in the United States also fell 31% year-on-year to 16,000 units.
focusSankei
Trump once again bombarded Musk, pointing to electric vehicle mandates and government subsidies
On July 1, U.S. President Donald Trump once again slammed Musk on his social media platform Truth Social, accusing the Tesla and SpaceX CEO of profiting too much from government subsidies. Trump posted: “Musk may receive more subsidies than anyone in history. Without the subsidy, he may have to close his doors and return to his hometown in South Africa. Trump added: “Maybe it’s time for the U.S. Department of Government Efficiency (DOGE) to take a good look at the subsidies Musk and his company receive, which can save a lot of money!” ”
Benchmark raised Tesla’s target stock price back to $475
Venture capital firm Benchmark recently reiterated its “buy” rating on Tesla and raised its target price from $350 to $475 per share. Benchmark believes that Tesla’s initial deployment of the Robotaxi service shows the company’s future growth potential.
Indian auto parts supplier Hero Motors submitted an IPO application to raise $140 million
According to a draft prospectus on July 1, Hero Motors, a well-known Indian auto parts supplier, has officially submitted an IPO application to raise up to INR 12 billion (approximately US$140.1 million) through the issuance of new shares.
Sunwoda plans to IPO in Hong Kong to promote its globalization strategy
On July 1, Sunwoda announced that in order to further promote the company’s globalization strategy, build an international capital operation platform, enhance its international brand image and comprehensive competitiveness, it intends to issue overseas listed foreign shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange.
Wolfspeed filed for bankruptcy protection to reduce debt
On June 30, American chipmaker Wolfspeed announced that it had filed for Chapter 11 bankruptcy protection. Currently, the company is facing huge debt problems caused by the slowdown in demand in the electric vehicle market.
