Auto & Transport Roundup: Market Talk

WSJ16:20

Global electric vehicle registrations rose 3% year-on-year in May, while China's declined by 9%.

According to data from Benchmark Mineral Intelligence, global new registrations of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) rose 3% year-over-year in May to approximately 1.8 million units, marking the third consecutive month of growth. Total sales for the first five months of this year also increased by 0.9% year-over-year. European demand was the primary driver behind the May registration increase, with registrations in the region rising 23% to about 415,000 units. In China, however, the phase-out of the vehicle trade-in subsidy program and the expiration of tax incentives for electric vehicle purchases

AASTOCKS08:54

Frost & Sullivan Institute Celebrates Visionary Companies Addressing the World's Most Pressing Challenges

PR Newswire04:44

Company Q&A | Shaoyang Hydraulic: The company currently has no cooperation with BYD.

GLH News, June 15 | An investor asked Shaoyang Hydraulic on an interactive platform whether the company collaborates with BYD in the battery sector, citing online reports that BYD has already achieved a breakthrough in solid-state batteries and commenced mass production, with vehicles equipped with solid-state batteries expected to launch by the end of this year. Shaoyang Hydraulic responded that it currently has no cooperation with BYD.

Gelonghui FinanceJun 15 17:34

China Passenger Car Association: Pickup truck sales reached 61,000 units in May, up 16.3% year-on-year, with exports continuing to account for a high share.

According to data from the Passenger Car Association, pickup truck production and sales exhibited a typical second-quarter uptick, with exports in May showing exceptionally strong momentum.

Zhitong FinanceJun 15 16:44

Hungary's largest battery energy storage project recently commenced operations, with BYD (01211.HK) supplying its Cube Energy Storage System.

According to Chinese media reports, Hungary’s largest battery energy storage project, developed and invested in by Greenvolt Power, has recently commenced commercial operation. The project will significantly enhance the grid’s regulation capabilities and power supply reliability, facilitating large-scale integration of renewable energy in Hungary and Central and Eastern Europe. BYD Energy Storage supplied the project with its 288.6 MWh Cube battery energy storage system, which supports multiple applications including grid frequency regulation and peak shaving/valley filling. BYD (01211.HK) noted that as European countries accelerate their energy transition, the critical role of energy storage systems in power grids is becoming increasingly evident. BYD Energy Storage has already deployed its solutions in 11

AASTOCKSJun 15 15:54