OEM Trends: Zongshen Apologizes for Naming Issue, Xiaomi Cars Exceed 300,000 Deliveries

On July 10, Zongshen's new three-wheeled vehicles were named Zhi Jie S300 and Wen Jie Q1P. The 'Zongshen Smart Travel' WeChat account issued an apology, acknowledging the inappropriate naming and stating that they have rectified the issue by removing and ceasing all related controversial content, while reinforcing their internal review mechanisms. On the same day, Xiaomi Motors announced that it has surpassed 300,000 cumulative deliveries since its launch 15 months ago, expressing gratitude to customers for their trust and commitment to continue improving their vehicles. Meanwhile, Renault Group signed a partnership agreement for a new energy vehicle industry fund in Hangzhou, focusing on investment opportunities in areas like batteries, smart driving, and embodied intelligence. Additionally, NIO reported changes in its companies, increasing registered capital significantly in both its sales and technology subsidiaries. In Guangzhou, a notice was published regarding idle land owned by Evergrande, which has been designated as idle since June 9, 2021, due to company reasons. This will be processed according to relevant land disposal regulations.