SAIC MOTOR(SH:600104) Zhong Guo Qi Che Bao Wang·2025-05-29 00:10Domestic News - Chongqing aims to build 30 smart factories and 300 digital workshops by 2027, focusing on digital transformation to boost exports in high-tech sectors like new energy vehicles and cloud computing [1] - The chairman of Fujian Automotive Industry Group, Chen Jianye, has been appointed as the new head of the Fujian Provincial Department of Industry and Information Technology [2] - From May 1 to 25, the retail sales of passenger cars in China reached 1.358 million units, a year-on-year increase of 16% and a month-on-month increase of 9% [3] International News - Tesla CEO Elon Musk expressed disappointment over the recent tax reform bill passed by the U.S. House, criticizing it for increasing the budget deficit instead of reducing it [4] - Toyota confirmed a $250 million investment in U.S. air taxi company Joby Aviation, part of a larger commitment to invest $500 million [4] Corporate News - Huawei has transferred the "Shangjie" trademark to SAIC Motor Corporation, which is associated with a new brand launched in collaboration with Huawei [7] - Reports suggest that Chevrolet may be exiting the Chinese market, with internal sources indicating that the focus will be on maintaining existing customer service rather than continuing the brand [8] - Xiaomi Group reported Q1 revenue of 111.3 billion yuan, a 47.4% year-on-year increase, with adjusted net profit reaching 10.7 billion yuan, up 64.5% [9] - Four-dimensional Map New Technology expressed confidence in significantly reducing losses by 2025 through innovative product services and cost-cutting measures [9] - Pony.ai has signed a strategic cooperation agreement with Guangzhou Public Transport Group to advance the commercialization of autonomous driving [10] - Alt Automotive has established a new AI technology company to focus on AI software development and application systems [11] Investment News - General Motors announced an investment of $888 million in a New York engine plant to enhance production capacity and develop new engines, diverging from previous plans to produce electric motors [5] - Uber has acquired Danish taxi company Dantaxi, which plans to transition its fleet to electric vehicles by 2030, with Uber providing technical support [6]