China

On July 25, Dongfeng Automobile Co., Ltd. (DFAC) announced that its abbreviated stock name will be changed from "Dongfeng Automobile" to "Dongfeng Share" from July 30, 2024. The stock symbol "600006" remains unchanged. 

The reason for the above change was mentioned in DFAC's announcement. As DFAC, Dongfeng Motor Group Co., Ltd. (DFAC's direct controlling shareholder) and Dongfeng Motor Corporation (DFAC's indirect controlling shareholder) all adopt the same Chinese characters "东风汽车" (translated as "Dongfeng Automobile" or "Dongfeng Motor") in their company names, it will cause confusions to readers in disclosed information and official press releases. In order to help investors, customers and other relevant parties better identify DFAC and distinguish the business information of DFAC from those of its controlling shareholders, DFAC decided to change its abbreviated stock name. 

The change of abbreviated stock name does not involve the adjustment of DFAC's development strategies and business plans. The main business of DFAC will remain unchanged. 

From DFAC's Shanghai Stock Exchange announcement

According to various media sources on July 24, the Huadu District Bureau of Development and Reform in Guangzhou approved the implementation of a vehicle-road-cloud integration pilot project for intelligent connected vehicles (ICVs) on July 22. According to the information from the online approval and supervision platform for investment projects in Guangdong Province, this pilot project will be carried out across the entire jurisdiction of Huadu District. A total of CNY 1.195 billion will be invested in the pilot project, which is scheduled to be implemented from September 1, 2024 to December 1, 2026. 

As per the details released, the road test equipment (including roadside units, mobile edge computing units and radars) will be deployed at 400 nodes within a network of 110 roads in the Huadu District. Additionally, the district will create the scenarios of vehicle-road-cloud integration. A total of 200 autonomous vehicles will be put into operation, while the post-installed onboard units in about 2,000 vehicles (including buses, coaches and vans) will be retrofitted. Furthermore, the district will develop a city-level cloud-based control platform for vehicle-road coordination and an integrated tool library. A data trading platform and an assets appraisal model will be created as well. 

From various media sources and information from the online approval and supervision platform for investment projects in Guangdong Province 

On July 23, Zhejiang Geely Farizon New Energy Commercial Vehicle Group Co., Ltd. (Geely Farizon) detailed its Xuanwu Battery for commercial vehicles. 

With a 150mm slim-case design, the Xuanwu Battery integrates AI CLOUD adaptive technology that supports real-time dynamic energy saving. The battery is also equipped with a liquid-cooled fast charging system, achieving an individual cell cycle life of more than 6,000 cycles. 

The Xuanwu Battery has been tested on a Farizon Xingxiang V7E model. It delivered a range of 285km and an energy consumption level of 16.1kWh/100km. In terms of fast charging performance, the battery supports a maximum of 4C charging rate and a continuous 2C charging rate. The state of charge can rise from 30% to 80% by a 10-minute charge, which will result in a range of 200km. 

Thanks to the adoption of a customized battery pack, the strength of the battery case is increased by 50%. The battery is proven to be safe through a 78-hour continuous vibration test in a virtual simulation environment. 

From Geely Farizon's WeChat platform press release