Price Adjustments Due to Tariffs - Several automakers, including Porsche and Aston Martin, have raised prices in the U.S. market due to increased tariffs, with Porsche increasing prices by 2.3% to 3.6% as of July [2] - The rising tariffs have created cost pressures for automakers, leading to lowered profit expectations and prompting multiple companies to adjust their pricing strategies [2] Acquisition of Wuhan Factory - Lantu Motors has completed the acquisition of the Wuhan Yunfeng factory for 723 million yuan, with a land price of 400,600 yuan per mu and 600.91 yuan per square meter [3] - The factory, previously owned by Dongfeng Motor Group, is capable of producing multiple vehicle types, including fuel, hybrid, and electric vehicles [3] Tesla's Ride-Hailing Service Launch - Tesla launched a ride-hailing service in the San Francisco Bay Area, although it has not clarified whether it will use its autonomous vehicles currently being tested in Texas [4] - The service will not be fully autonomous and will operate with a safety driver present, facing regulatory challenges as Tesla has not yet received authorization to operate autonomous vehicles for public use in California [4] New Product Launches - Zhiji Motors has entered the range-extended market with its "Star" technology, featuring a dedicated 66 kWh battery that offers over 450 km of pure electric range [5] - The new Zhiji LS6 and flagship SUV LS9 are set to launch in the third and fourth quarters, targeting the growing range-extended vehicle segment [5] - Yangwang U8L, a high-end SUV under BYD, has begun pre-sales with a starting price of 1.3 million yuan and a comprehensive range of 1,160 km [6] - The introduction of Yangwang U8L aims to enhance the presence of domestic brands in the premium vehicle market, which has been predominantly occupied by foreign brands [6]