Group 1: Tuhu and Huawei Collaboration - Tuhu is collaborating with Huawei to explore "automatic car washing," allowing vehicles to wash themselves without the owner's involvement [1] - The system will enable cars to autonomously drive to Tuhu service centers for washing and return to their parking spots, enhancing convenience for car owners [1] - This partnership is expected to reshape Tuhu's valuation logic and accelerate the digital transformation of the automotive aftermarket [1] Group 2: Honda's Electric Vehicle Strategy - Honda has revised its 2030 electric vehicle sales target from 30% to 20%, indicating a strategic shift in response to current market conditions [2] - The decision to pause the development of certain electric vehicle models reflects a broader trend of traditional automakers moving from aggressive expansion to more rational development [2] - This adjustment may create pressure on the electric vehicle supply chain, particularly affecting battery suppliers and component manufacturers [2] Group 3: Tesla's New Model Y Launch - Tesla has launched the long-range rear-wheel-drive version of the Model Y in China, priced at 288,500 yuan, with a delivery period of 2 to 4 weeks [3] - This new model is expected to enhance Tesla's market competitiveness and broaden its customer base in the already competitive Chinese electric vehicle market [3] - The introduction of this model highlights Tesla's strategic flexibility in a highly competitive environment [3] Group 4: Growth in New Energy Vehicle Auctions - The auction volume of new energy vehicles in China increased by 52.6% in the first three quarters of the year, driven by strong sales and trade-in policies [4] - The growth of the second-hand new energy vehicle auction market indicates the maturation of the full lifecycle value system for these vehicles [4] - This trend is expected to enhance the efficiency of second-hand vehicle circulation and create opportunities in battery recycling and certification services [4]

Core Viewpoint - The government is intensifying subsidies for the automotive aftermarket, with Tuhu Car Service becoming the sole partner for the 2025 vehicle trade-in program in Zaoyang Economic Development Zone, Hubei [1] Group 1: Government Subsidies and Market Impact - Tuhu Car Service has engaged in a government subsidy project aimed at upgrading consumer spending in the automotive aftermarket, allowing users to enjoy dual benefits of "government subsidies + platform discounts" when purchasing products through the Tuhu app [1] - The automotive aftermarket is experiencing a surge in trade-in activities, with government subsidies driving record-high performance metrics on the Tuhu platform [1] - On June 18, Tuhu Car Service achieved sales exceeding 150 million, with international tire brand sales increasing by over 82% year-on-year, and engine oil sales ranking first nationally [1] Group 2: Service Network and Standardization - Tuhu Car Service operates over 7,000 service centers across more than 300 cities and 1,700 counties in mainland China, providing a robust network for the effective implementation of subsidies [3] - The company has established a standardized service system to ensure consistent quality and efficiency across all service centers, enhancing user experience regardless of location [3] - Tuhu's after-sales service, including lifetime warranties on tires, aims to safeguard the entire consumer experience throughout the service process [3] Group 3: Future Development - The government subsidy project is expected to further reduce vehicle maintenance costs, allowing more users to benefit from integrated online and offline automotive services, while promoting digitalization, transparency, and standardization in the automotive aftermarket [3]