Regulatory & Policy Impacts - China's new regulation on single-pedal driving mode, effective January 1, 2026, prohibits stopping a vehicle solely by releasing the accelerator pedal, requiring brake pedal use, impacting Tesla's vehicle control logic and user experience [1] - The US federal tax credit of $7,500 is set to expire on September 30, 2025, prompting Tesla to alert customers [1] - A US manufacturing auto loan interest tax deduction policy proposed by Trump allows consumers to deduct up to $10,000 in interest on loans for US-assembled vehicles between 2025 and 2028, benefiting Tesla [1] Market Trends & Sales Performance - China's new energy vehicle sales account for over 60% of global sales, with over 30 million vehicles in use by early 2024, holding the largest global share [1] - Tesla's China insurance registrations for the week of June 30 to July 6, 2025, fell 75.8% week-over-week to 5,010 units and 22.9% year-over-year, indicating sales pressure [1] - Year-to-date, Tesla's China insurance registrations are down 5.3% compared to last year, reflecting market competition or economic factors affecting consumer confidence [1] - Statista forecasts the global electric vehicle market revenue to reach $784.2 billion in 2025, with China contributing $377.9 billion, nearly half of the total [1] Industry Challenges & Adjustments - China's electric vehicle market faces overcapacity, intense competition among hundreds of manufacturers, leading to price wars and reduced profits [1] - Porsche's IT subsidiary is cutting hundreds of jobs as part of a digital transformation and cost control strategy [2] - Honda has canceled the development of a large electric SUV, originally planned for 2027, and lowered its 2030 electric vehicle sales target from 30% to 20% due to slowing demand in the US market [2] - Other automakers like Ford, Jaguar Land Rover, and Nissan are also slowing down or canceling electric vehicle projects [2]

Core Viewpoint - The new mandatory national standard GB 21670-2025 for passenger car braking systems will be implemented starting January 1, 2026, introducing significant changes to existing regulations [1][3]. Group 1: New Technical Requirements - The new standard adds three main technical requirements: improved specifications for electric transmission braking systems, specific standards for regenerative braking, and enhanced emergency braking signal requirements [3]. - A key practical regulation mandates that when the deceleration from regenerative braking exceeds 1.3 m/s², the brake lights must automatically illuminate and remain on until deceleration ends, addressing hidden deceleration risks in some new energy vehicles [3]. - The new standard requires all passenger cars to be equipped with ABS (Anti-lock Braking System) to enhance stability during emergency braking [3]. Group 2: Single-Pedal Braking Mode - The new regulations include requirements related to "single-pedal braking," stating that vehicles cannot default to stopping by releasing the accelerator pedal; drivers must use the brake pedal to stop [3][4]. - This change may imply a formal regulation against Tesla's "single-pedal mode," which has been a well-known feature in their vehicles [3][4]. - The new standard does not completely ban "single-pedal mode" but prohibits it from being the default factory setting, allowing users to manually enable it [8]. Group 3: Implementation Timeline and Industry Impact - Starting January 1, 2026, new vehicles will no longer have the default single-pedal stop function, instead using "creeping" or "rolling" modes as factory settings [8]. - Vehicles sold before 2025 can continue using the default single-pedal mode until January 1, 2027, after which adjustments will be required [8]. - The implementation of the new standard aims to cultivate safer driving habits and reduce the risk of misoperation in emergencies, while still allowing consumer choice in driving modes [8].

Industry Developments - The National Development and Reform Commission and three other departments announced a plan to promote the construction of high-power charging facilities, aiming for over 100,000 units by the end of 2027, with a focus on open access for self-built networks by electric vehicle companies [2] - China has officially released the international standard ISO 34505:2025 for autonomous vehicle testing scenarios, which includes evaluation processes and testing methods for autonomous driving systems [4] - A new mandatory national standard for passenger car braking systems will take effect on January 1, 2026, introducing requirements for electric transmission braking systems and single-pedal braking [5] Company News - Honda has suspended the development of a large electric SUV due to anticipated declines in electric vehicle demand in the U.S. market [6] - Audi has decided to pause its price increase plans in the U.S. market after experiencing a 19% year-on-year decline in sales for the second quarter, marking the sixth consecutive quarter of sales decline [7] - LG Energy Solution expects a 152% year-on-year increase in operating profit for the second quarter, despite a 9.7% decrease in revenue [8][9] - Nissan is considering issuing bonds worth approximately $4 billion, with plans for five, seven, and ten-year dollar bonds [10] - Chery Automobile has restructured its organization, establishing a domestic business group led by Li Xueyong [11] - NIO and JAC's joint venture company has been dissolved, with a registration capital of 510 million RMB [12] - Zhongtong Bus reported a 2.66% year-on-year decrease in sales for June, with 1,026 units sold [13] - Byton's associated company has been listed for operational abnormalities due to failure to disclose annual reports on time [14] - Huatai Automobile Group has been executed for over 500 million RMB, with multiple legal issues reported [15] - Sichuan Yema Automobile has undergone significant executive changes, with a new legal representative appointed [16]

Core Viewpoint - The newly released mandatory national standard for passenger car braking systems, effective from January 1, 2026, introduces significant updates to enhance safety and adapt to advancements in vehicle electrification and intelligence [1]. Group 1: New Standards and Requirements - The new standard includes additional requirements for electric transmission braking systems, regenerative braking, and emergency braking signals, which were not present in the 2008 version [1]. - Modifications have been made to existing requirements regarding parking release, brake pad wear inspection, and electrical failure of electronic parking brakes [1]. Group 2: Safety Enhancements - To mitigate the risk of operational errors, the new standard incorporates requirements for "single pedal braking," mandating that drivers must use the brake pedal to stop the vehicle, rather than relying on releasing the accelerator pedal [1]. - This marks a formal recognition and regulation of the "single pedal mode" at the national standard level [1]. Group 3: Industry Implications - Experts indicate that the revisions to the standards are essential for promoting, guiding, and regulating the development of automotive braking products in China, in line with the evolving trends in braking technology due to vehicle electrification and intelligence [1].

Group 1 - The new mandatory national standard for passenger car braking systems, titled "Technical Requirements and Test Methods for Passenger Car Braking Systems," has been officially released and will take effect on January 1, 2026 [1] - The new standard introduces requirements for electric transmission braking systems, regenerative braking, and emergency braking signal, which were not included in the previous version released in 2008 [1] - Modifications have been made regarding parking release, brake pad wear inspection, and electrical failure of electronic parking brakes [1] Group 2 - To mitigate the risk of operational errors, the new standard includes requirements for "single pedal braking," which mandates that drivers must use the brake pedal to stop the vehicle instead of relying on releasing the accelerator pedal [1] - This marks the formal regulation of the "single pedal mode" at the national standard level [1]