Core Viewpoint - Major automotive companies, particularly BBA (BMW, Mercedes-Benz, Audi), are slowing down their electrification plans and extending the lifespan of internal combustion engine (ICE) vehicles due to varying global market conditions and financial pressures [4][10][12]. Group 1: Company Strategies - Audi's CEO confirmed the withdrawal of the previous plan to stop developing ICE vehicles by 2026 and to cease selling them by 2033, stating that there will no longer be a clear timeline for this transition [4][6]. - Mercedes-Benz has also adjusted its electrification strategy, indicating that ICE vehicles will remain in production longer than initially planned, with a focus on a dual approach of both electric and ICE vehicles [6][7]. - BMW emphasizes a "technology openness" strategy, continuing to invest in ICE and hybrid technologies while adapting to global market demands [5][12]. Group 2: Market Conditions - The Chinese market for new energy vehicles (NEVs) is growing rapidly, with a market share exceeding 50% for five consecutive months in the second half of 2024, while the European market shows weaker demand for electric vehicles [9][10]. - In North America, the electrification process has slowed significantly, particularly with the potential rollback of electric vehicle incentives under a new political climate [9][10]. Group 3: Financial Pressures - In 2024, all three major luxury brands (Mercedes-Benz, BMW, Audi) experienced a decline in global sales, with Audi facing the largest drop at 11.8%, leading to a historic low in operating profit margin [12][13]. - Volkswagen Group, Audi's parent company, reported a 30.6% decline in net profit, prompting a reassessment of resource allocation among its brands [12][13]. - BMW and Mercedes-Benz also reported significant drops in net profit, with BMW down 26.4% and Mercedes-Benz down 43% in the first quarter of 2024 [12][13].

Core Viewpoint - Several multinational automotive companies are slowing down their electrification efforts, shifting from a full transition to electric vehicles (EVs) to a more flexible strategy that includes both internal combustion engine (ICE) and electric vehicles [1][2][3] Group 1: Company Strategies - Mercedes-Benz has adjusted its 2030 electrification strategy, now aiming for a maximum of 50% of new models to be electric or hybrid, while continuing to sell electrified ICE models in key markets like Europe and North America [1] - Audi has retracted its previous plan to stop developing and selling ICE vehicles by 2033, opting instead for a flexible product mix that includes BEVs, PHEVs, and ICE models, acknowledging the varying market developments globally [2] - Honda has reduced its planned investment in EVs from 10 trillion yen to 7 trillion yen, a 30% decrease, and adjusted its target for EV sales from 40% to below 30% by 2030 due to market uncertainties [3] - Volvo has also shifted its strategy, introducing a super hybrid architecture as a flexible transition solution between current market demands and future technological trends [3] Group 2: Market Trends - Industry experts predict a "three-way split" in the global automotive market over the next five years, with Tesla and some new entrants focusing on pure electric vehicles, while companies like Toyota and Hyundai invest in hydrogen and hybrid technologies, and others like Volkswagen and BMW adopt a gradual approach with a mix of fuel, hybrid, and electric vehicles [4] - By 2030, the global market is expected to see a distribution of 30% pure electric, 30% hybrid, and 40% fuel vehicles [4]

Group 1 - Hyundai Motor has commenced construction of its first manufacturing plant in the Middle East, located in Saudi Arabia [1] - The factory is a joint venture between Hyundai Motor and the Saudi Public Investment Fund (PIF), with ownership stakes of 30% and 70% respectively [1] - The plant is expected to begin production in the fourth quarter of 2026, with an annual production capacity of 50,000 vehicles, including both electric and internal combustion engine models [1]

法拉利第一季度净收入17.91亿欧元 同比增长13% 智通财经5月6日电，法拉利公布2025年第一季度业绩，净收入为17.91亿欧元，同比增长13.0%；总交付 量为3593台，同比增长0.9%；营业利润（息税前利润）为5.42亿欧元，同比增长22.7%；净利润4.12亿 欧元同比增长17%，摊薄每股收益2.30欧元。本季度交付的产品包括8款内燃机（ICE）车型和5款混合 动力发动机车型，分别占总出货量的51%和49%。 ...