Core Insights - General Motors plans to source batteries from China's CATL for its second-generation Chevrolet Bolt electric vehicle despite tariff impacts, filling supply chain gaps while contrasting with its domestic battery manufacturing efforts [1] - The transition period for sourcing from CATL is expected to last approximately two years until General Motors can produce lower-cost batteries in partnership with LG Energy Solution in the U.S. [1] - The new Bolt is set to begin production at the Kansas City Fairfax plant by the end of this year and is positioned as General Motors' most affordable electric vehicle, with a target market launch in 2026 [1] Summary by Sections Battery Sourcing - General Motors will temporarily procure batteries from CATL to support the production of the new Chevrolet Bolt, which is aimed at maintaining competitiveness in the electric vehicle market [1] - The company has indicated that this measure is a stepping stone towards its own production of lithium iron phosphate batteries [1] Vehicle Pricing and Market Position - The new Chevrolet Bolt is priced around $30,000 (approximately 216,000 RMB), with potential subsidies reducing the price to just over $20,000, although these subsidies are expected to be eliminated before the vehicle's launch [2] - Currently, General Motors has 12 electric vehicle models on sale, all equipped with batteries manufactured in the U.S., ranging from the Chevrolet Equinox EV at $35,000 (approximately 252,000 RMB) to the Cadillac Celestiq at $340,000 (approximately 2,443,000 RMB) [1]

Domestic News - The Ministry of Commerce will organize the 2025 New Energy Vehicle Consumption Season from July to December 2025 to stimulate consumption potential and create new growth points in the automotive sector [3] - Six departments jointly issued guidelines to enhance financial support for consumption, encouraging financial institutions to provide various services for trade-in programs and increasing credit support for related enterprises [4] - The Ministry of Commerce aims to promote the commercial application of advanced intelligent driving vehicles while ensuring safety and compliance [5] - Guangzhou has implemented a policy allowing applicants who have been unsuccessful in the car license lottery to directly receive license plates, easing purchase restrictions [6] - Seres Automotive completed a strategic capital increase of up to 5 billion yuan, with several financial institutions participating [7] - Xiaomi's Yu7 model now supports external voice commands through its AI assistant, enhancing user interaction [8] - NIO's Firefly brand launched a Battery-as-a-Service (BaaS) rental service, reducing the car price by 40,000 yuan for users opting for this service [9] - GAC opened a sales service center in Benghazi, Libya, marking a significant step in its North African market expansion [9] International News - The South Korean market for imported diesel vehicles has significantly declined, with sales dropping by 60.2% year-on-year in May 2025 [11] - Cadillac delivered its first Celestiq model, a luxury vehicle starting at $350,000, showcasing its return to the high-end automotive market [12][13] - Uber and Waymo have launched a self-driving ride-hailing service in Atlanta, expanding their autonomous vehicle offerings [14] - Continental AG has lowered its profit margin forecast for the year due to rising costs from U.S. tariffs, now expecting a maximum adjusted EBIT margin of 11% [15] Commercial Vehicles - Beiqi Foton signed a memorandum for a localized manufacturing plant in Saudi Arabia, delivering 1,000 school buses to local customers [16] - The first cross-border heavy-duty truck battery swap line was launched, covering a distance of 980 kilometers from Sichuan to Yunnan [17] - The Haval Shanhai Pao Hi4-T was officially launched, with two versions priced at 249,800 yuan and 228,800 yuan respectively [18] - Remote's alcohol-hydrogen electric technology was showcased at a Zhejiang energy-saving promotion event, highlighting advancements in green transportation [19]