[SMM]Gotion Unveils 400 Wh/kg Solid-State Batteries, Plans Mass Production and Expanded Lithium Sulfide Capacity

The China Automobile Dealers Association released the latest "Automobile Consumption Index": the Automobile Consumption Index in May 2026 was 81, a slight increase MoM, and the automobile market is expected to maintain a relatively stable operating trend in June. According to the association's analysis, the automobile market in June exhibited a structural divergence pattern characterized by "cooling demand, declining foot traffic, and strengthening transactions." The fading of holiday dividends and the impact of high temperatures led to pullbacks in both new demand and offline foot traffic, and overall market momentum slowed down compared to the concentrated surge in May. However, dealers are expected to ramp up mid-year sales promotions, and the concentrated conversion of previously accumulated intent orders will continue to drive up end-user transactions.

Japan's four major car makers recently released data showing that total US new car sales in May reached 484,517 units, a 6.1% increase year over year. Although Toyota saw a slight year-over-year decline, all producers reported strong sales momentum, driven by robust new car demand. Against the backdrop of rising gasoline prices caused by the Middle East situation, hybrid vehicles (HVs) showed notable growth.

Volvo Cars announced that global sales from March to May 2026 totaled 178,980 units, down 5.5% YoY. Among them, BEV model sales reached 41,435 units, up 10% YoY.