


Domestic News - Beijing will allocate 118,400 family new energy vehicle quotas on May 26, with 340,172 families applying for them [2] - Shenzhen's multi-modal transport national logistics hub steel structure has been completed, enhancing the city's logistics capabilities and supporting the Belt and Road Initiative [3] - In the first four months of 2025, China exported 2.16 million vehicles, a year-on-year increase of 15%, with April exports reaching 620,000 units, up 12% year-on-year and 36% month-on-month [4] International News - A study indicates that increased U.S. tariffs on EU imports could lead to a loss of €250 billion for Germany by 2028, with potential cumulative losses of €200 billion from 2025 to 2028 [5] - The EU's battery supply chain due diligence and carbon footprint reporting have been postponed, providing Chinese lithium battery companies with additional time for exports to Europe [6] - Nvidia plans to launch a new AI chip for the Chinese market, priced significantly lower than the previous H20 chip, with production expected to start in June [7] Corporate News - GAC Group has launched its "Brazil Action" plan, introducing five new energy models in Brazil as part of its global strategy [10] - XPeng Motors announced that its MONA M03 Max model will be launched and delivered on May 28, with a starting price of 155,800 yuan [11] - Lotus Cars revealed the pricing for its ELETRE SUV, starting at 548,000 yuan [12] - China Automotive Engineering Research Institute and Huawei's subsidiary signed a strategic cooperation agreement to promote smart upgrades in the automotive industry [13] - Sinopec and CATL signed a project agreement to build at least 500 battery swap stations this year, aiming for a total of 10,000 stations in the future [14]