[BYD] According to a recent report by The Economic Times in India, the Department for Promotion of Industry and Internal Trade (DPIIT) in India has rejected an investment proposal from Chinese automaker BYD to set up a one billion dollar electric vehicle factory in India in partnership with Megha Engineering and Infrastructure Ltd based in Hyderabad, India. On July 24, when Blue Whale Finance journalists asked BYD to verify the above content, BYD chose not to comment on the matter. — Blue Whale Finance
[Xiaomi] News on July 24, according to the official website of the National Intellectual Property Administration, the patent for “display screen assembly and vehicle” applied by Xiaomi Auto has been granted authorization on July 18, 2023. The abstract shows that the patent designs a vehicle display screen assembly, including a display screen, translation mechanism, and first rotation mechanism. The translation mechanism can drive the first rotation mechanism to translate, and the first rotation mechanism can drive the display screen to “rotate around a rotation axis extending in the horizontal direction”. — IT Home
[Mercedes-Benz] On July 24, according to a Reuters report, Ola Källenius, Chairman of the Board of Management and Chief Executive Officer (CEO) of Mercedes-Benz Group AG, said in an interview with foreign media that the company will make China, the world’s largest automobile market, the center of its next-generation electric vehicle (EV) movement starting in 2025. — Sina Auto
[Industrial Policy] The Political Bureau of the Central Committee of the Communist Party of China held a meeting on July 24 to analyze and study the current economic situation and deploy economic work for the second half of the year. The meeting was chaired by Xi Jinping, the General Secretary of the Communist Party of China. The meeting pointed out the need to boost mass consumption such as automobiles, electronic products, and home furnishings, and to promote service consumption such as sports and leisure, and cultural tourism.
