[Xiaomi's Lu Weibing: Xiaomi EV Expected to Begin Profitability in H2, Confident in Achieving Full-Year Delivery Target of 350,000 Units]Lu Weibing, Partner and President of Xiaomi Group, stated during the earnings call that evening that the company is confident in achieving the full-year delivery target of 350,000 units for Xiaomi EVs. In Q2 of this year, revenue from Xiaomi's smart electric vehicles and innovative businesses such as AI surged by 234% to 21.3 billion yuan, with operating losses narrowing significantly to 300 million yuan. The company is expected to achieve single-quarter profitability in H2. However, from 2022 to H1 2025, Xiaomi's investment in innovative businesses including automotive exceeded 30 billion yuan, so cumulatively, the new business still incurs substantial losses. (Cailian Press)
[Jiangxi Special Electric Motor: Yichun Yinli to Officially Resume Production Shortly]Jiangxi Special Electric Motor (002176.SZ) announced that its wholly-owned subsidiary, Yichun Yinli New Energy Co., Ltd. (referred to as "Yichun Yinli"), had previously halted production for equipment maintenance. Recently, the company received notice from Yichun Yinli that it will officially resume production shortly. (Cailian Press)
[Nuode: Company's Products Primarily Used in Lithium Battery Manufacturing]Nuode (600110.SH) announced that its stock price had deviated by a cumulative 20% over three consecutive trading days, constituting an abnormal stock trading fluctuation. Upon self-review, the company's current production and operations are normal, with no significant changes in internal or external operating environments. The company's main business involves the R&D, production, and sales of electrolytic copper foil for lithium-ion batteries, with products primarily used in lithium battery manufacturing. (Cailian Press)
[XPeng Motors Expects Monthly Deliveries to Exceed 40,000 Units Starting September]During the Q2 earnings call, He Xiaopeng, Chairman of XPeng Motors, stated that the company expects monthly deliveries to steadily exceed 40,000 units starting this September. According to the semi-annual report, XPeng Motors delivered 197,000 units in H1 of this year. (Science and Technology Innovation Board Daily)
[Heilongjiang: Three-Tier Subsidy for Auto Replacement Starting August 23, with ICE Vehicles Priced Below 150,000 yuan Eligible for 5,000 yuan per Unit]Heilongjiang has adjusted its consumer trade-in subsidy policies. It mentioned that starting August 23 (inclusive), personal consumers participating in Heilongjiang's auto replacement subsidy policy will receive subsidies based on three tiers according to the purchase price of the new vehicle (excluding tax). Among these, for internal combustion engine vehicles with a new selling price below 150,000 yuan (exclusive), the subsidy is 5,000 yuan per unit; for those priced between 150,000 yuan (inclusive) and 250,000 yuan (exclusive), the subsidy is 8,000 yuan per unit; and for those priced at 250,000 yuan (inclusive) or above, the subsidy is 11,000 yuan per unit. The subsidy standards for new energy vehicles are 2,000 yuan higher per tier compared to internal combustion engine vehicles. Consumers who purchase new vehicles on or before August 22 will receive subsidies according to the original standards. Apart from the subsidy standard adjustments, all other matters will be implemented in accordance with the relevant provisions of the "Detailed Implementation Rules for the 2025 Heilongjiang Province Vehicle Replacement Subsidy Program." The purchase date and price of the new vehicle shall be based on the invoice date and indicated price on the "Uniform Invoice for Motor Vehicle Sales." (Cailian Press)
[Leap Motor: Expects 2025 Net Profit of 500 Million-1 Billion Yuan, Plans to Build Manufacturing Base in Europe Next Year]Leap Motor has revised its 2025 target from achieving break-even to achieving full-year profitability, with an expected net profit of 500 million to 1 billion yuan. Additionally, the company plans to establish a local manufacturing base in Europe next year, initially launching its B-series products and doubling overseas sales YoY.
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