Economic Performance - In May, the national economy showed stable growth with industrial production increasing by 5.8% year-on-year, and equipment manufacturing and high-tech manufacturing growing by 9% and 8.6% respectively, outpacing the overall industrial growth by 3.2 and 2.8 percentage points [1] - The service sector's production index rose by 6.2% year-on-year in May, with significant contributions from information transmission, software, and IT services (11.2%), leasing and business services (8.9%), and wholesale and retail (8.4%) [1] - Retail sales saw a notable recovery, with total retail sales of consumer goods reaching 41,326 billion yuan, a year-on-year increase of 6.4%, accelerating by 1.3 percentage points from the previous month [1] Employment and Prices - The urban survey unemployment rate in May was 5%, a decrease of 0.1 percentage points from the previous month, indicating overall employment stability [2] - The Consumer Price Index (CPI) fell by 0.1% year-on-year and 0.2% month-on-month, while the core CPI, excluding food and energy, increased by 0.6% year-on-year, reflecting a slight acceleration in inflation [2] Investment and Trade - Fixed asset investment (excluding rural households) from January to May totaled 191,947 billion yuan, growing by 3.7% year-on-year, with a notable 7.7% growth when excluding real estate development investment [1] - The total value of goods imports and exports in May reached 38,098 billion yuan, with exports increasing by 6.3% and imports decreasing by 2.1% [1] Corporate Developments - GAC Aion faced employee stock valuation issues, with employees potentially recovering only 42% of their investments due to significant devaluation [5] - Tencent launched an algorithm competition with substantial rewards to attract global talent, supporting its recruitment efforts and enhancing its machine learning capabilities [5] - Xiaomi's automotive factory achieved a production capacity of 20,000 to 30,000 vehicles per month, showcasing high levels of automation [6] - Gree Titanium New Energy announced a court-ordered freeze on its 100% stake in Zhuhai Guangtong Automobile, stemming from past management issues, but stated that operations remain unaffected [6] International Developments - The U.S. Department of Justice is reviewing Alphabet's proposed $32 billion acquisition of cybersecurity startup Wiz for potential antitrust concerns [8] - Santos received a non-binding acquisition offer from a consortium led by Abu Dhabi National Oil Company, valuing the company at $18.7 billion [8] - MicroStrategy announced the purchase of 10,100 bitcoins for approximately $1.05 billion, bringing its total holdings to 592,100 bitcoins [9]

作 者丨伍素文 实习生张雯钧 编 辑丨林曦 半数市属国企"换帅" 6月6日，广州市人力资源和社会保障局发布市政府任免工作人员，任命陈强同志为广州越秀 集团股份有限公司、越秀企业（集团）有限公司董事长；同时，免去陈强同志的广州市城市 建设投资集团有限公司董事长职务。 天眼查显示，陈强曾在广州建筑工程监理有限公司、广州新中轴建设有限公司、广州珠江新 城能源有限公司、广州宏城广场房地产开发有限公司等，以及广州城投的能源投资、资产经 营管理、文化旅游等板块任职，项目开发经验丰富。陈强在城投体系中积累了近20年，其间 参与了广州塔、海心沙等广州多个重要城市项目。 此外，今年还有3家广州市属国企更换一把手：2月，郑洪伟被任命为广州珠江实业集团有限 公司董事长；覃海宁被免去广州市国资委副主任职务，履新广州市公共交通集团有限公司董 事长；冯兴亚正式上任广州汽车集团股份有限公司董事长。 2024年全年，广州8家市属国企迎来新掌门人：1月，葛群任广州交易集团董事长；4月，陈智 勇任广州安居集团董事长；8月林虎被任命为广州轻工工贸集团董事长；11月，雷宣云上任广 州岭南商旅投资集团董事长；12月，李明履新广州市水务投资集团董事长， ...

Domestic News - Eight departments, including the Ministry of Industry and Information Technology, are soliciting opinions on the "Automotive Data Export Security Guidelines (2025 Edition)" [2] - Hainan Province plans to build over 100 smart factories by 2027, with a tiered cultivation system including basic, advanced, excellent, and leading levels [3] - Guangxi has initiated the construction of an artificial intelligence open innovation platform, which includes new R&D institutions and joint innovation centers [4] International News - Ford CEO Jim Farley stated that the company is still facing challenges due to rare earth supply shortages, exacerbated by China's new export approval mechanisms [5] - Global sales of new energy vehicles reached 1.6 million units in May, a 24% year-on-year increase, primarily driven by strong performance in the Chinese market [6] - French President Macron is pushing for France to become a global leader in advanced semiconductor manufacturing, potentially requiring partnerships with companies like TSMC or Samsung [7] Corporate News - GAC Group has committed to completing dealer rebate payments within two months to support the healthy development of the automotive industry [10] - Deep Blue Automotive clarified that a recent fire incident was caused by external factors during maintenance, not a vehicle issue [11] - GAC Trumpchi and Huawei have successfully piloted the "Valet Parking Driving" technology at Guangzhou Baiyun International Airport [12] - Bozhong Precision plans to acquire 70% of Shanghai Wodian for 420 million yuan, aiming to enter the automotive intelligent equipment market [14] - Seres Automotive has applied for a patent related to identifying risk sources in autonomous driving, enhancing vehicle safety [15] - Li Auto announced the grant of 1,975,900 restricted stock units to a director and 142 employees, representing approximately 0.09% of the company's total issued shares [16]

Group 1 - GAC Group commits to ensuring the completion of dealer rebate payments within two months to promote healthy development in the automotive industry [1] - China FAW's flying car headquarters project has officially settled in Shenzhen's Dapeng New District, focusing on R&D, production, and market expansion of flying cars [1] - The Red Flag Tianran 1 flying car is designed for vertical takeoff and landing, with an air endurance exceeding 200 kilometers, and is planned for its first flight within the year [1] Group 2 - GAC High Domain has received nearly 1,000 pre-orders for its new flying car, GOVY AirCab, within 24 hours of its launch, with a market price not exceeding 1.68 million [2] - GOVY AirCab is currently in the airworthiness certification stage, with plans to start demonstration exploration of air-ground integration by the end of 2025 and to begin mass production by the end of 2026 [2] - Deep Blue Automotive clarified that a recent fire incident involving a Deep Blue S05 was caused by external factors during maintenance, not a vehicle issue [2]

Group 1 - GAC Group commits to complete dealer rebate payments within two months, aiming to build trust and cooperation with dealers and enhance consumer service [1] - This commitment is expected to positively impact both the new energy and traditional automotive sectors, attracting a more diverse consumer base [1] - Investor confidence in the company's governance and market response strategies is likely to strengthen, creating a positive outlook for the overall automotive industry [1] Group 2 - Horizon Robotics showcased its HSD urban driving assistance system at the Hong Kong International Auto and Supply Chain Expo, winning an innovation award [2] - The collaboration with Chery Group for mass production of HSD is anticipated to drive the application of intelligent driving technology in the market [2] - This development is expected to attract investor interest in the autonomous driving and smart technology sectors [2] Group 3 - GAC Trumpchi and Huawei have successfully piloted the Valet Parking Driving (VPD) technology at Guangzhou Baiyun International Airport, marking a global first for airport departure level VPD [3] - The implementation of this technology enhances user experience at the airport and showcases the collaboration potential between the two companies in the smart transportation field [3] - The pilot is expected to draw attention and may promote the development of the intelligent driving and automated parking markets [3] Group 4 - BP Pulse and Xpeng Motors have opened their first charging station in Guangzhou, equipped with 30 charging piles and 480kW supercharging facilities [4] - This station is positioned as a new energy supply center, strategically located at a commercial complex and transportation hub [4] - The partnership aims to enhance the urban charging network with additional stations planned in Beijing, Guangzhou, and Shenzhen, potentially boosting the electric vehicle market [4]

Core Viewpoint - The Chinese automotive industry is witnessing a significant shift as major companies, including BYD, Changan Automobile, and FAW Group, have collectively announced a reduction in supplier payment terms to a maximum of 60 days, aligning with national regulations aimed at stabilizing the supply chain and promoting high-quality development [2][3][7] Group 1: Industry Changes - The new payment terms are a response to the "Regulations on Ensuring Payment to Small and Medium-sized Enterprises," which will take effect on June 1, 2025, mandating large enterprises to pay small suppliers within 60 days after delivery [2] - Previously, the average payment term for Chinese automakers was around 182 days, with some exceeding 270 days, forcing suppliers to finance their operations for up to a year [2][3] Group 2: Financial Implications - Shortening the payment period from 180 days to 60 days is expected to enhance cash flow efficiency for suppliers by 200%, significantly alleviating their financial pressure and reducing the need for borrowing [5] - The automotive industry's profit margin was reported at 3.9% in Q1 2025, compared to the industrial average of 5.6%, with some companies demanding over a 10% cost reduction from suppliers, leading to minimal profit margins for upstream steel manufacturers [3][6] Group 3: Industry Dynamics - The collective commitment to shorten payment terms is seen as a milestone that could end the "barbaric growth" of the Chinese automotive industry, encouraging a shift from cost-cutting to innovation and efficiency [7] - High debt levels among many Chinese automakers, with some owing suppliers thousands of billions, may create short-term financial pressure as they implement the new payment terms [6]

Recent Activities - Indonesia Discovery Program 2025: Healthcare is a three-day on-site visit program aimed at helping Chinese companies explore opportunities in the Indonesian healthcare market, scheduled for July 29-31 in Jakarta [2] Company Dynamics - TikTok's overseas monthly active users on mobile devices have surpassed 1 billion for the first time [3] - JD Logistics has reportedly recruited over 1,000 team members in Saudi Arabia [3] - AliExpress has launched a car sales business, initially offering Chinese electric vehicles in the Middle East [3] - Geek+ has received a listing notification from the China Securities Regulatory Commission, indicating plans to list in Hong Kong [4] - The European Central Bank President Christine Lagarde's visit to China signals potential expansion of autonomous driving services in Europe [4] - Trip.com has opened over 1,100 overseas positions across 75 cities in 23 countries, aiming for a significant increase in international revenue [5] - Ant Group's Ant Financial has initiated the application for a stablecoin license in Hong Kong [6] - XPeng Motors aims to introduce advanced driver assistance systems in Hong Kong [7] - Chery plans to use Hong Kong as a new starting point for international capital markets [7] - Leap Motor has officially entered the Hong Kong market and is planning localization in Europe and Southeast Asia [7] - Changan Automobile has established nine out of twenty planned overseas factories and is expanding into over 100 countries [8] - GAC plans to enter the Argentine market by the second half of 2025 [8] - TSMC's construction plans for new factories in Japan and Germany may be adjusted due to local market conditions [8] - TikTok is set to expand its investment in the UK to approximately £140 million, creating over 500 new jobs [9] - Transsion's TECNO has formed a strategic partnership with MCR Group to enter the Spanish market [9] - CnEnergy International has signed strategic cooperation agreements for solar projects in Zambia [9] Macro Policies & Industry Data - In the first five months of 2023, China's electric vehicle exports increased by 19%, and industrial robot exports surged by 55.4% [12] - China's trade with Africa has grown significantly, with an average annual growth rate of 14.2% since the establishment of the China-Africa Cooperation Forum [12] - In the first five months, China's automobile exports reached 2.49 million units, a year-on-year increase of 7.9% [13] - The Hong Kong government is actively seeking to attract more Chinese companies to list in Hong Kong [13] - The interconnectivity project between mainland China and Hong Kong's rapid payment systems is progressing smoothly [13] - The Yangtze River Delta region has seen significant growth in cross-border e-commerce and high-end equipment exports [14] Investment and Financing - Yige Cloud has completed a nearly 100 million yuan Pre-B round of financing to enhance its AI-driven enterprise office support platform [15] - Yinghan Power has secured several million yuan in Pre-A+ financing to develop new training devices for professional sports [15] - Liuxing Technology has completed several million yuan in Pre-A financing to advance its intelligent three-dimensional perception technology [15]

6月14日，广汽集团发布承诺公告表示， 广汽集团携旗下广汽昊铂、广汽传祺、广汽埃安、广汽本田、 广汽丰田五大整车品牌郑重承诺：即日起，将确保两个月内完成经销商返利兑现 ，以诚信和行动，与 经销商共筑互信共赢的合作生态，为消费者提供优质的服务与体验，推动汽车产业高质量发展。 图片来源："广汽集团"微信公众号 此前，为响应6月1日起施行的修订后的《保障中小企业款项支付条例》，中国一汽、比亚迪、东风汽 车、赛力斯、小米等多家国内车企对供应商作出"支付账期不超过60天"的公开承诺。 图片来源："广汽集团"微信公众号 广汽集团曾在6月10日发布承诺公告称，坚持以不超过60天的供应商账期，保障供应链资金高效周转， 携手上下游伙伴，共同促进行业高质量发展。 中信证券研报表示，此举既是对政策的响应，也将推动汽车行业高质量发展，带动产业链良性变革。 来源：中国证券报 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 财务造假，顶格处罚！这家公司，或触及重大违法强制退市！ 惊喜！央行给的！ ...

6月14日，广汽集团发布承诺公告表示， 广汽集团携旗下广汽昊铂、广汽传祺、广汽埃安、广汽本田、 广汽丰田五大整车品牌郑重承诺：即日起，将确保两个月内完成经销商返利兑现 ，以诚信和行动，与 经销商共筑互信共赢的合作生态，为消费者提供优质的服务与体验，推动汽车产业高质量发展。 图片来源："广汽集团"微信公众号 图片来源："广汽集团"微信公众号 广汽集团曾在6月10日发布承诺公告称，坚持以不超过60天的供应商账期，保障供应链资金高效周转， 携手上下游伙伴，共同促进行业高质量发展。 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 财务造假，顶格处罚！这家公司，或触及重大违法强制退市！ 惊喜！央行给的！ 中信证券研报表示，此举既是对政策的响应，也将推动汽车行业高质量发展，带动产业链良性变革。 来源：中国证券报 此前，为响应6月1日起施行的修订后的《保障中小企业款项支付条例》，中国一汽、比亚迪、东风汽 车、赛力斯、小米等多家国内车企对供应商作出"支付账期不超过60天"的公开承诺。 ...

更多汽车出行资讯 …… 1. 【地平线余凯回应是否想成为余布斯：毫无兴趣】地平线创始人、CEO余凯在2025第十七届轩辕汽车 蓝皮书论坛表示，中国传统车厂中，20%的公司CEO未来是可以干成乔布斯的，未来甚至可以成为下一个 埃隆·马斯克。"无论新势力还是旧势力，中国能够出一个乔布斯，我是很乐观的。"被问及自己有没有想 成为"余布斯"，余凯直言"毫无兴趣"，"我只想做好我的这个供应商的生意而已。"（同花顺财经） 2.【宝马X5 M60e插混原型车纽北测试：Neue Klasse风格、483马力】6月14日消息，汽车媒体CarBuzz发 布博文，分享了一组在德国纽博格林赛道（Nürburgring）抓拍的照片，展示了正在测试的宝马X5 M60e Neue Klasse原型车。在曝光的图片中，可以看到车辆前翼子板上的充电口设计，以及后保险杠四出排气 管的配置。动力方面，消息称这款车搭载3.0L双涡轮直列六缸发动机，结合电动机，输出功率达到483马 力，扭矩为516磅-英尺。（IT之家） 3. 【广汽集团承诺：即日起将确保两个月内完 成经销商返利兑现】6月14日，广汽集团发布承诺公告：作 为汽车产业链重要一环，经销商 ...