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The ongoing rollout of new energy vehicle policies in rural areas is promoting profound changes in county-level transportation electrification and consumer behavior. This initiative continues to reshape related sectors as adoption spreads beyond urban centers.
On July 26, two Chinese-built 10,000-vehicle-class roll-on/roll-off ships, the Panama-flagged GLOVIS LEADER and the Malta-flagged GLOVIS NOVA, simultaneously berthed at Shanghai Nangang Port to load domestic commercial vehicles for export. The newly delivered GLOVIS NOVA completed loading 7,738 new energy vehicles, setting a new domestic port record for single-voyage commercial vehicle loading.
Leapmotor's subsidiary Zhejiang Lingsheng Power Technology Co. , Ltd. has fully funded the establishment of Huzhou Lingsheng Precision Manufacturing Co. with a registered capital of 210 million yuan. The new company, led by legal representative Wu Cun, will focus on manufacturing automotive parts, electronic components, electric motors, industrial robots, and developing intelligent robots.
Michelin reported its first-half 2026 financial results, with revenue of €12.69 billion, a 2.6% decline year-on-year, and net profit of €766 million, down 8.8% from the same period last year.
GAC Group's Guangdong Gaoyu Technology Co. , Ltd. has wholly established Zhejiang Gaoyu Flying Car Manufacturing Co. with a registered capital of 100 million yuan. The new company, with Lin Guoqiang as legal representative, will engage in auto parts, high-performance fiber composites, intelligent unmanned aerial vehicles, and aviation equipment sales. The company is fully owned by Guangdong Gaoyu, which is held by GAC Group.
Sanhua Intelligent Controls announced a plan to repurchase its A-shares using up to 400 million yuan of its own funds, with a minimum of 200 million yuan, at a price not exceeding 60 yuan per share. The repurchased shares will be used for future equity incentive plans or employee stock ownership plans, and the buyback period is 12 months from board approval.
Joyson Electronics repurchased 1.05 million shares on July 24, 2026, at prices between HK$12.53 and HK$12.88, spending HK$13.41 million. Combined with the previous day's buyback, the two-day total reached 1.35 million shares for HK$17.28 million. The stock closed at HK$12.87, down 0.54%, but rose 1.26% over the two-day period. Year-to-date, the company has completed 17 repurchases, buying back 5.3355 million shares for a total of HK$77.69 million.
SAIC Motor has reshuffled top management across four core units. Lu Xiao, former SAIC-GM general manager, becomes SAIC Passenger Vehicle general manager, replacing Wang Jun. Xu Ping, former Huayu Automotive general manager, takes over SAIC-GM. Tao Hailong, former SAIC Volkswagen general manager, returns as Huayu Automotive general manager. The changes follow a broader 2024 restructuring. In the first half of 2026, SAIC-GM sold 231,200 vehicles (down 5.68%) with nearly 50,000 NEVs (up 81.1%). SAIC Passenger Vehicle sold 549,000 units (up 49.4%), including 239,000 NEVs (up 218.1%).
Ford Motor Company announced the expansion of its aftermarket parts and accessories business in Brooklyn, Michigan, aiming to boost profits and enter the $53 billion U. S. aftermarket industry. The company launched a limited-edition Bronco Desert Rising package, restricted to 1,000 units, priced at $57,350 with the package costing $13,695. Ford reported that 46% of U. new car buyers customize vehicles, with Bronco buyers leading. The company targets 8% annual revenue growth by the end of the decade through services including customization. U. consumers spent $52.9 billion on vehicle parts and modifications in 2025.
Waymo has informed Uber of its plan to begin independent operations in Austin and Atlanta in January 2028, as the two explore ending their partnership. The relationship, which began in 2023, has deteriorated due to competition and disagreements over service quality and regulation. Waymo is valued at $126 billion; Uber has invested over $10 billion in autonomous driving. Waymo plans to launch its own ride-hailing app alongside Uber's platform, while Uber will continue service until the contract expires in May 2028.