LEAPMOTOR(HK:09863) Zhong Guo Qi Che Bao Wang·2025-05-07 02:12Group 1: Transportation and Mobility Trends - The Ministry of Transport reported that during the Labor Day holiday from May 1 to May 5, the total cross-regional movement of people reached 1.46594 billion, averaging 29.319 million per day, a year-on-year increase of 7.9% compared to the same period in 2024 [1] - During the same holiday period, the application volume for the vehicle trade-in subsidy exceeded 60,000, driving new car sales to 8.8 billion [2] - Leap Motor announced that it achieved over 18,000 orders from May 1 to May 5, setting a new record, with over 3,700 orders on May 5 alone [7] Group 2: Automotive Industry Developments - Ford Motor Company projected a loss of $1.5 billion due to tariffs imposed by the U.S. government, leading to the withdrawal of its previous earnings forecast for 2025 [3] - Volvo's battery subsidiary, NOVO Energy, announced a 50% workforce reduction as part of a restructuring effort following the bankruptcy of its technology partner, Northvolt [4] - Chery Automobile plans to conduct an initial public offering (IPO) in Hong Kong, aiming to raise approximately $1.5 billion [8] Group 3: Strategic Partnerships and Innovations - Tesla stated that over 95% of the parts for its Model 3 and refreshed Model Y are produced in China [9] - WeRide and Uber announced an expansion of their strategic partnership, planning to deploy Robotaxi services in 15 new international cities over the next five years [11] - Xiaomi's automotive division rebranded its "Intelligent Driving" feature to "Assisted Driving" in response to national standards for driving automation [6]