Zhong Guo Qi Che Bao Wang·2025-05-08 01:21Monetary Policy - The People's Bank of China will temporarily reduce the reserve requirement ratio for auto finance and financial leasing companies from 5% to 0% [1] - The central bank has increased the re-lending quota for technological innovation and technological transformation by 300 billion yuan, bringing the total to 800 billion yuan [2] Automotive Industry - Guangdong Province encourages Guangzhou and Shenzhen to further relax vehicle purchase restrictions and increase car purchase quotas [4] - The A0-level electric vehicle market is experiencing strong growth, particularly in North China and Northeast regions, driven by the "Double New" subsidy policy [5] - Tesla's new car sales in the UK fell by 62% year-on-year in April, marking the lowest level in over two years [8] - Mitsubishi Motors signed a memorandum of understanding with Hon Hai's subsidiary to supply electric vehicle models [11] - Changan Automobile denied rumors of merging with Dongfeng Group and is taking legal action against the spread of false information [13] Strategic Partnerships - Waymo plans to build an autonomous vehicle factory in Phoenix, Arizona, in collaboration with Magna [9] - Pony.ai and Uber have reached a strategic cooperation agreement to integrate Pony.ai's Robotaxi service into the Uber platform [14] Company Developments - Geely Auto proposed to privatize Zeekr at a price of $2.57 per share, aiming to make it a wholly-owned subsidiary [10] - QuanFeng Automotive expects revenue from its three-electric shell and intelligent driving shell businesses to continue growing [15]