New Car Launches - The all-new Xiaopeng P7 "Pengyi Edition" spy photos have been exposed, featuring the same apple green color as the previous model and equipped with the popular "Pengyi Door" [1][3][6] - The suspected Zhiji LS9 spy photos have been revealed, positioning it as a large six-seat SUV with range-extended power, expected to launch in Q4 of this year [7][9] - The BYD pure electric K-Car spy photos have been exposed, designed specifically for the Japanese market with a WLTC range of 180 km, expected to be priced around 2.5 million yen (approximately 125,400 RMB) [10][12][14] - The new Starway Star Era ES pure electric version has been launched, priced between 189,800 to 269,800 RMB, featuring a range of 705 km for the two-wheel drive version and 710 km for the four-wheel drive version [15][22][24] - The refreshed Wei brand Lanshan has been launched, with prices ranging from 299,800 to 326,800 RMB, offering various purchase incentives [26][33] - The Deep Blue S09 has been launched, priced between 239,900 to 309,900 RMB, featuring a hybrid powertrain with a WLTC range of 185/220 km [35][41][43] - The Xiaomi YU7 has been officially released, positioning it as a luxury high-performance SUV, with a formal launch expected in July [44][48][50] - The Geely Galaxy M9 has made its global debut in Milan, Italy, positioning it as a large six-seat flagship SUV [54][61] Company Developments - CATL has officially listed on the Hong Kong Stock Exchange, aiming to gain more capital support for global market expansion [89][90] - Honda has released its 2025 global business plan, focusing on developing a new generation of ADAS and enhancing its hybrid power systems [91][92][94] - Xiaopeng Motors has reported its Q1 2025 financial results, achieving a record high in performance with a delivery volume of 94,008 units, a year-on-year increase of 330.8% [100][101] - BYD has launched a limited-time pricing campaign for several models, with prices starting as low as 55,800 RMB [13][119] - Beijing has announced an additional 20,000 new energy vehicle indicators for non-car-owning families, indicating strong government support for the new energy vehicle market [120][121] - The National Development and Reform Commission has targeted the automotive industry for rectifying "involutionary" competition, emphasizing the need for quality over low-price competition [122][123]

Group 1 - The National Development and Reform Commission (NDRC) has announced measures to address "involution" in the automotive industry, focusing on eliminating low-quality and low-price market chaos, combating infringement and counterfeiting, and ensuring a competitive market environment [1][3] - The automotive industry has been highlighted as a sector experiencing severe involution, leading to exaggerated false advertising, online manipulation, and malicious defamation, necessitating a shift towards technology-focused competition [3] Group 2 - The new Xiaopeng P7 "Peng Wing Edition" has been spotted, featuring the same apple green color as the previous model, equipped with the popular "Peng Wing Door," an electric rear wing, and orange Brembo brake calipers [5][7] - The launch of the refreshed Wei brand Blue Mountain model has been announced, with prices ranging from 299,800 to 326,800 yuan, offering various purchase incentives and trade-in subsidies [7][10] - The new model features a next-generation Coffee OS 3 smart space design, multiple screens including a 17.3-inch rear entertainment screen, and upgraded Snapdragon 8295 chip, along with advanced driver assistance systems powered by NVIDIA Orin-X chip [10][11] - The vehicle is equipped with a hybrid powertrain combining a 125kW 1.5T engine and dual electric motors, achieving a WLTC fuel consumption of 6.6L/100km and an electric range of 185/220km [11]