Group 1 - Polestar has terminated its partnership with Xingji Meizu, indicating a strategic shift in its operations in the Chinese market due to poor sales performance [1] - The joint venture, Polestar Technology, will cease operations and settle all outstanding financial obligations before transferring distribution rights back to Polestar [1] Group 2 - CATL plans to build 1,000 battery swap stations this year, enhancing its position in the battery swap ecosystem [2] - The company has signed strategic cooperation agreements with Sinopec and NIO to develop a nationwide battery swap network, indicating strong market confidence [2] - The introduction of more battery swap models by automakers this year is expected to accelerate the growth of the electric vehicle industry [2] Group 3 - Lexus has established a wholly-owned new energy company in Shanghai, acquiring industrial land for electric vehicle manufacturing [3] - The land, covering approximately 1.1278 million square meters, was purchased for 1.353 billion yuan, reflecting Lexus's commitment to the Chinese market [3] - This move is anticipated to positively impact the entire new energy vehicle sector, prompting other brands to invest and innovate [3] Group 4 - XPeng's AI head expressed confidence in the advancements of autonomous driving technology, highlighting the competitive landscape with Tesla's Full Self-Driving (FSD) [4] - XPeng believes it has a better understanding of Chinese road conditions, which may give it an edge over Tesla in the local market [4] - The ongoing evolution of both XPeng's and Tesla's autonomous driving technologies is expected to shape future market expectations [4] Group 5 - The recent bankruptcy restructuring of Hozon Auto reveals a significant financial burden, with total liabilities amounting to 15.781 billion yuan against assets of 5.983 billion yuan [5][6] - State-owned enterprises have become co-benefit debt investors, which may provide some hope for Hozon's revival despite ongoing production halts [6]