Volkswagen Group: Car deliveries fell 21.9% in the first quarter from a year earlier
On May 4, the official website of Volkswagen Group published the first quarter performance report, the report showed that the sales revenue of Volkswagen Group in the first quarter was 62.74 billion Euros, an increase of 0.6% compared with the same period last year; Car deliveries fell 21.9 percent year-on-year to 1.898 million units.

The sales of GAC Aean exceeded 10,000 in April, and the cumulative sales this year have reached 55,000
Recently, GaC Aean released delivery results in April, April GAC Aean sales volume of 10,200 units, a year-on-year growth of 23%; From January to April, the cumulative sales of Aean reached 55,000 vehicles.

Gac Aean expects that the problems in the automobile supply chain will be greatly alleviated in May, and the production of new energy vehicle enterprises will gradually return to normal levels, and the industry production and sales are expected to make up for it.

Xiaokang Shares: Sales of new energy vehicles increased 187.56% year-on-year in April
Xiaokang shares on May 4 evening announcement, new energy vehicle sales in April 8552 units, a year-on-year growth of 187.56%; Among them, Selis sold 3,439 units, up 1,248.63% year on year. From January to April this year, the cumulative sales volume of Xiaokang Stock new energy vehicles was 22,000 units, a year-on-year growth of 199.64%, among which the cumulative sales volume of Cyris was 8,483 units, a year-on-year growth of 1211.13%.

Jihu delivered 1,140 vehicles in April, up 1,113 percent year on year
Recently, Jihu Automobile released news that from January to April, the total delivery of 3186 vehicles, a year-on-year growth of 750%, including the delivery of 1140 vehicles in April, a month-on-month growth of 54%, a year-on-year growth of 1113%.

According to the official, due to the impact of the epidemic, the production and delivery in May will face some challenges in the short term, but the growth momentum of new signed orders is obvious, and the performance is expected to continue to release.

The Apple car is aimed at the high end of the $100,000 market and could be released by the end of 2024
According to multiple reports, the development of the Apple Car is ongoing, and the official release is still not due until the end of 2025 or 2024. Apple Auto is likely to entrust Hon Hai, a long-time partner in assembling the iPhone, to handle the assembly production of its car.

According to the report, industry sources said Apple's electric car would be positioned at the high end of the market, at $100,000 and above, to compete with Tesla's Model S.

Yonhap: Sales at South Korea's top five auto makers fell 4.9% in April from a year earlier
According to Yonhap News Agency, five South Korean automakers reported April results showing global sales of 627,500 vehicles, down 4.9% from a year earlier, due to a shortage of automotive chips.

The combined sales of Hyundai Motor, Kia Motor, Ssangyong Motor, Renault Korea and GM Korea in South Korea were 119,600 units, down 11.8 percent from a year earlier, the report said. Overseas sales fell 3.2 per cent to 507,900 vehicles. Renault and Ssangyong surged 363.9 percent and 210.5 percent, respectively.

Renault is selling a stake in Nissan to raise money for its electrification strategy
Renault is considering selling part of its stake in Nissan, Bloomberg reported, a move that could raise billions of euros for its electrification strategy and ease longstanding tensions with its coalition partners. Nissan may be willing to buy some of Renault's Nissan shares, and Renault may seek other buyers, including Geely.

Future will list in the US at the end of the year at a pre-IPO valuation of $1.25bn
Beijing Great Wall Huaguan Automotive Technology Co., Ltd. has signed a formal merger agreement with SPAC Mountain Crest Acquisition Corp. Great Wall Huaguan is expected to complete the reorganization, merger and listing at the end of December 2022, when Future Automobile will be an important asset component of Great Wall Huaguan for overseas IPO. Pre-investment valuation of $1.25 billion.