GEELY AUTO(HK:00175) Xin Lang Cai Jing·2025-05-31 00:39Group 1: Automotive Trade and Market Trends - In April 2025, the total import and export value of automotive goods reached $23.09 billion, a month-on-month increase of 6.8% but a year-on-year decrease of 2.2% [1] - The import value was $3.7 billion, with a month-on-month increase of 6.3% and a year-on-year decrease of 28.6% [1] - The export value was $19.39 billion, showing a month-on-month increase of 6.9% and a year-on-year increase of 5.3% [1] - From January to April 2025, the cumulative total for automotive goods import and export was $81.88 billion, a year-on-year decrease of 5.2% [1] - The inventory warning index for Chinese automotive dealers in May 2025 was 52.7%, a month-on-month decrease of 7.1 percentage points, indicating improved market conditions [1] Group 2: Company Developments - Geely Automobile's subsidiary Zhejiang Powertrain has agreed to purchase a 17.5% stake in Xingqu Technology for RMB 420 million, enhancing its core business investments [2] - Huawei's Honor S800 was officially launched with a starting price of RMB 708,000 [3] - Xiaomi has appointed Chen Guang, former CTO of FAW Nanjing, as the head of perception for its autonomous driving division [4] - Chery Automobile has established the Chery Intelligent Center by integrating its subsidiaries, focusing on smart cockpit and autonomous driving technologies [4] - Xiaomi has published a patent for a track information prompt method, aimed at enhancing user experience in smart cockpit applications [5] Group 3: Industry Regulations and Negotiations - U.S. President Trump stated that American automakers, including Tesla, must produce vehicles and all components domestically, expressing concerns over previous offshore production [6] - Volkswagen's CEO revealed that the company is in direct negotiations with the U.S. government regarding tariff issues, indicating a willingness to invest more in the U.S. if the tariff disputes are resolved [6]