Automaker Trends | OEM News
IT Home: On June 23, Denza General Manager Li Hui unveiled "Di Di Xia" in a video. Built on Denza's whole-vehicle intelligence system, the super intelligent agent uses human-like logic, allowing it to control the vehicle based on user needs and execute multi-step complex commands. It also integrates with the mobile ecosystem. "Di Di Xia" is confirmed to launch on the Denza N8L Flash Charging Edition.
The Paper: NIO announced on June 23 that its 9,000th power station officially went online in Ankang, Shaanxi. The company has now constructed 9,003 stations, delivering over 200 million charging and battery swapping services in total.
Gasgoo: On June 23, FF (Faraday Future) took the stage at the Automate robotics and automation show in Chicago for the second part of its FF EAI Robot World event. The company unveiled the new Futurist and FF Faber—America's first industrial-grade EAI wheel-arm robot series— and offered a first look at its FF EAI robot industrial ecosystem strategy.
Fast Tech: Zotye Auto recently revealed the latest twist in its boardroom struggle: its fifth-largest shareholder, Houtu Land, which holds a 2.55% stake, submitted a proposal to remove three directors—Wang Yi'an, Zhong Yufei, and Xu Mingzhe. Because Xu Mingzhe resigned on June 20, the proposal regarding him was withdrawn. The motion to remove Wang and Zhong will be voted on at the third extraordinary shareholders' meeting on June 29. The conflict dates back to a June 12 board meeting, where the three directors sought to oust Chairman Han Biwen and replace him with Zhong Yufei. That motion failed, securing only three votes against six in opposition.
Fast Tech: US EV startup Lucid is cutting 18% of its workforce—roughly 1,500 people—as new CEO Silvio Napoli drives a restructuring effort. The reductions span full-time staff, contractors, and hourly production workers. Lucid says the move is designed to streamline operations and boost efficiency, saving about $158 million annually. The company expects to incur roughly $32 million in severance costs. The restructuring, set to wrap up by the third quarter, aims to align production plans with actual demand.
Supply Chain News | Components
The Paper: Shentong Technology announced on June 23 that it plans to invest 700 million yuan to build an "Auto Parts Intelligent Manufacturing Project" in Shanghai's Lingang New Area. The project will be executed through its wholly-owned subsidiary, Shanghai Mingyang Auto Parts. The initiative aims to expand into smart cockpits and smart entry systems, establishing a base that integrates R&D, manufacturing, and testing.
Gasgoo: CATL and Octopus Energy, the UK's largest energy supplier, have announced plans to form a joint venture to build a battery-swapping network for heavy trucks across Europe. CATL will introduce its Qiji battery-swapping technology to the region, aiming to accelerate the electrification of road freight by boosting refueling efficiency for heavy-duty vehicles.
Gasgoo: ECARX Technology Holding has officially signed a definitive agreement to acquire the Flyme software business, including two core products: the Flyme Auto smart cockpit operating system and the cross-terminal Flyme OS. The deal is valued at 1.8 billion yuan. Through the acquisition of Hubei Qiguang Technology—a entity spun off from Xingji Meizu Group—ECARX will secure the Flyme Auto and Flyme OS platforms, along with associated intellectual property, R&D teams, engineering resources, and mass-production systems.
The Paper: United Nova Technology recently unveiled a 3300V SiC MOSFET device, built on its proprietary 8-inch silicon carbide process platform. Customized for high-voltage, high-power-density, and high-reliability scenarios like solid-state transformers (SST), the device is now sampling with key customers.
Industrial Economy | Focus
CLS News: Most European chip stocks slipped on June 23, with ASML, ASM International, STMicroelectronics, and Infineon all shedding between 3% and 6%.
CLS News: Data from the European Automobile Manufacturers Association shows passenger car registrations in the EU, UK, and EFTA rose 3.6% year-on-year in May, bringing year-to-date growth to 4.5%. Notably, Tesla's new car registrations in the EU surged 152% last month.
The Paper: Kunlunx AI announced on June 23 that it has closed three rounds of financing. In less than three months since incorporation, the startup has raised billions of yuan. The rounds were backed by a consortium of investors including Gaorong Ventures, GL Ventures, CAS Star, Zhongding Capital, Huaye Capital, Innovation Works, Xin Capital, and C&D Capital—the investment arm of the industrial giant C&D Group.
Gasgoo: Data from Tianyancha shows Shanghai Xinqi Robotics recently added a new shareholder: Zhiyuan Innovation (Shanghai) Technology, an affiliate of Zhiyuan Robotics. The company's registered capital was simultaneously increased to 13.2 million yuan. Founded in 2025 and based in Shanghai, Shanghai Xinqi Robotics operates primarily in the computer, communication, and electronic equipment manufacturing sector.
Policy Updates | Regulation
Gasgoo: On June 23, the Ministry of Commerce and other agencies rolled out a "policy package," releasing two major notices in a single day to aggressively boost auto consumption across the entire value chain. The government views pilot reforms in auto distribution and the expansion of the aftermarket as critical levers for driving growth.
CLS News: The Ministry of Industry and Information Technology and the Ministry of Public Security issued a joint notice on June 23 stating that vehicle certification information will now be shared in real-time. This allows domestic passenger vehicles to be purchased, taxed, and registered on the same day. The key change enables "second-level" data transmission between the two agencies, significantly streamlining the registration process.
