[6.13 Lithium Battery News] Zhu Jiangming of Leap Motor Says He Dislikes and Hopes to Avoid "Price Wars"

[Guotai Haitong Securities: Multiple Automakers Shorten Payment Terms for Suppliers, Improvement Expected in the Automotive Parts Industry Landscape]According to a research report by Guotai Haitong Securities, if automakers can strictly shorten payment terms for parts suppliers, the price differences of parts will become more pronounced, which will be beneficial for the improvement of the competitive landscape in the long run. The firm maintains an "overweight" rating for the industry and recommends high-quality parts companies that are expected to benefit from the improvement in the industry landscape. (Cailian Press)

[Leap Motor's Zhu Jiangming: Least Favors and Hopes to Avoid "Price Wars"]On June 11, Zhu Jiangming, Chairman and CEO of Leap Motor, shared his views on the recent "price wars" in the automotive industry during a media interview: "In fact, the so-called price wars are not as intense as everyone imagines. Many companies are simply combining various discounts that were previously offered separately. This is a promotional strategy aimed at attracting more attention. We cannot arbitrarily reduce prices. We are the least inclined and hope to avoid engaging in 'price wars'." Li Tengfei, Vice President of Leap Motor, added: "Firstly, we do not participate in (price wars), nor do we initiate them; secondly, our cost control capabilities enable us to respond to such market changes, ensuring sustained profitability while maintaining product competitiveness."

[Zhongtong Bus: Expected to Continue Positive Growth Trend in 2025]Zhongtong Bus (000957) stated during an institutional survey on June 12 that, based on industry and company operations, 2025 is expected to align with the initial forecasts and continue a positive growth trend, though there will be no significant changes compared to 2024. There will be certain adjustments in the product mix. In 2025, the domestic trade-in subsidy policy will continue with increased subsidy amounts. The integration of urban and rural areas will continue to drive the growth in demand for passenger, freight, and postal services, and the domestic bus market will continue to release incremental demand. After experiencing explosive growth in the previous year, the tourist bus segment will undergo adjustments. The proportion of new energy vehicle sales in exports is expected to increase significantly.

[Guangxi: Intensifies and Expands Support for Trade-in Subsidies for Automobiles, Home Appliances, Home Furnishings, Kitchen and Bathroom Products, E-bikes, as Well as Purchase Subsidies for New 3C Digital Products]The General Office of the People's Government of the Guangxi Zhuang Autonomous Region recently issued the "Implementation Plan for Special Actions to Boost Consumption in Guangxi." The plan mentions intensifying and expanding support for trade-in subsidies for automobiles, home appliances, home furnishings, kitchen and bathroom products, and e-bikes, as well as purchase subsidies for new 3C digital products. The scope of subsidies for vehicle scrappage and renewal will be expanded to include eligible China IV vehicle emission standards fuel-powered passenger vehicles. The categories of subsidized home appliances and home furnishings, kitchen and bathroom products will be expanded to 24 and 48 categories, respectively, and the process for subsidy application and review will be optimized. In 2025, the sales of key commodities are expected to be boosted to exceed RMB 38 billion, driving the scrappage and renewal of 4,700 old commercial freight vehicles, the renewal of 400 new energy urban buses, the replacement of power batteries in 700 new energy urban buses, and the scrappage and renewal of 2,500 sets of old agricultural machinery.

[Xinhongye: Early payments from downstream automakers will have a positive impact on the company] Xinhongye stated on an interactive platform that early payments from downstream automakers will have multiple positive impacts on the company, such as improving cash flow, reducing financial costs, and enhancing financial flexibility. While ensuring the provision of high-quality products and services, the company will explore win-win payment arrangements with customers.

[Chervon Auto: No material information that should be disclosed but has not been disclosed] Chervon Auto (603982.SH) announced that the cumulative deviation in the closing prices of its shares over two consecutive trading days on June 11 and June 12, 2025, reached 20%, constituting abnormal fluctuations in stock trading. After self-inspection and written inquiries to its controlling shareholder, Chervon Precision Technology Holdings Co., Ltd., and the actual controller, Pan Longquan, the company confirmed as of the disclosure date of this announcement that there was no material information that should be disclosed but had not been disclosed. The company's production and operation are proceeding normally and orderly, and there have been no significant changes in its internal and external operating environments, except for the information already disclosed. (Finance News)