Group 1 - Waymo expands its autonomous ride-hailing service to the San Francisco Bay Area, including new regions such as Brisbane, South San Francisco, San Bruno, Millbrae, and Burlingame, starting from Tuesday [1] - Tesla plans to halt production at its Texas Gigafactory for the second time in two months, affecting Model Y and Cybertruck production, citing maintenance and improvements, with the shutdown coinciding with the Independence Day holiday [1] - Cainiao launches a new unmanned delivery vehicle, the Cainiao GT-Lite, with a pre-sale price of 16,800 yuan, capable of L4 level autonomous driving for delivery [1] - Honda reveals a teaser image of its new electric city concept car, the Super EV, expected to be unveiled at the Goodwood Festival of Speed, featuring a compact design similar to Japan's popular K-Car [1]

Group 1: Honda's Strategy Shift - Honda is scaling back its electric vehicle (EV) plans due to cooling global demand and is focusing on hybrid cars, planning to launch 13 new hybrid models globally between 2027 and 2030 [1][5] - The company is reducing its EV and software investment target by 30%, from 10 trillion yen ($69 billion) to 7 trillion yen ($48.4 billion) by 2030, and now expects EVs to account for less than 30% of its production by that year [2] - Honda aims to sell 2.2–2.3 million hybrids by 2030, a significant increase from 868,000 in 2024 [2] Group 2: Industry Trends - The shift in Honda's strategy aligns with a broader industry trend where global automakers are slowing EV rollouts as governments ease emission targets and hybrids gain popularity [3] - Competitors Nissan and Toyota are also rethinking their EV strategies, with Nissan scrapping plans for a $1.1 billion battery plant and Toyota reducing its EV production plans by 20% [6][8] Group 3: Market Challenges - Honda faces increasing pressure in China, where EV adoption is rising and competition from domestic brands is strong, leading to a drop in profits in the region [4] - The company has only launched two EVs so far and recently paused a $10.7 billion EV plant project in Canada due to sluggish demand [4] Group 4: Financial Performance - Honda's shares have gained 3.7% year to date, contrasting with the industry's decline of 1.7% [9] - The company trades at a forward price-to-sales ratio of 0.32, which is below the industry average, and carries a Value Score of A [11]