Core Viewpoint - Chery Automobile has signed an agreement with Jameel Motors to launch Omoda and Jaecoo brands in the Iraqi market, indicating a strategic move to expand its presence in the Middle East [1][3]. Group 1: Market Demand and Growth - The Iraqi market has shown strong demand for new vehicles, with new car sales estimated to have increased by over 28%, reaching approximately 161,000 units [3]. - The automotive industry is a key sector in Iraq, accounting for 8%-10% of the country's total imports, which presents new opportunities for Chinese automakers [3]. Group 2: Export and Sales Performance - In the first half of this year, the number of cars exported directly from China to Iraq rose to 18,000 units, a 71.4% increase compared to the same period last year [3]. Group 3: Leadership and Strategy - Jameel Motors' Iraqi operations will be led by Kamal Sultan, who has over ten years of experience in the Iraqi market and has previously established sales networks for brands like Toyota and Nissan [5]. - The Vice President of Jameel Motors, Jasmine Wong, emphasized the importance of careful selection of overseas partners and a long-term investment approach for Chinese automakers, highlighting the need for comprehensive pre-sales and after-sales services to enhance customer satisfaction [5].

Domestic News - The US and China agreed to suspend the implementation of a 24% tariff on each other's goods for 90 days, effective from August 12, 2025, while retaining a 10% tariff [2] - The Chinese government announced a fiscal subsidy policy for personal consumption loans, focusing on household vehicles, effective from September 1, 2025, to August 31, 2026 [3] - Jilin Province is establishing a talent pool focusing on key industries such as new energy and intelligent connected vehicles [4] - The China Automobile Industry Association reported that three companies have achieved a 60-day payment term for accounts payable, with major state-owned and private enterprises participating [5] International News - Ford announced an additional $2 billion investment in electric vehicles, raising its total investment to $5 billion, aiming to launch a series of affordable electric vehicles, including a mid-size electric pickup truck priced at $30,000, expected to launch in 2027 [6] Company News - Aion Automobile reported that the delivery cycle for new orders in August is expected to shorten to 5-7 weeks, with over 60,000 units delivered as of early August [8] - Chery announced its entry into the Iraqi market through a partnership with Jameel Motors, planning to distribute Omoda and Jaecoo brands starting in Q4 of this year [9] - Former Honor CEO Zhao Ming denied rumors of joining Zhijie Automobile, stating he is unaware of such claims [10] - Micron Technology confirmed it will continue to develop NAND solutions for automotive and other terminal markets, despite halting mobile NAND product development [11] - Desay SV reported a net profit of 1.223 billion yuan for the first half of 2025, a 45.82% increase year-on-year, driven by growth in smart cockpit and intelligent driving businesses [12] - Zeekr and Geely Holding Group published a patent for a method to prevent motion sickness in vehicles, focusing on smart driving technology [13]