1. China's production of new energy vehicles has reached 20 million units

　　2. Extraordinary Decade, Ultimate Breakthrough - Breakthrough (TOP1) Lubricants Asia Pacific 10th Anniversary Celebration Summit Held

　　3. Low price competition for lubricants will become history

　　4. Weima Auto Technology Group Co., Ltd. Becomes a Defaulted executee

　　5. Horizon and Anbofu carry out deep strategic cooperation

　　6. Volkswagen Expands Capital to Kaimeisi 800 Million to Layout Charging Network

　　7. ExxonMobil Appears at the 2023 Equipment Management and Technological Innovation Achievement Exchange Conference

　　The production of new energy vehicles in China has reached 20 million units

　　On July 3rd, China's 20th millionth new energy vehicle was launched in Guangzhou, marking a new stage of high-quality development for new energy vehicles in China, based on industrialization and marketization.

　　It is reported that currently, China has established a structurally complete and organically coordinated new energy vehicle industry system, cultivating the world's largest consumer market. China's new energy vehicle production has been ranked first in the world for 8 consecutive years. The Ministry of Industry and Information Technology stated that the next step will be to optimize policies to support the purchase and use of new energy vehicles, encourage enterprises to enrich the supply of new energy vehicles, and accelerate the promotion of new energy vehicle technology innovation and related industry development.

　　Extraordinary Decade, Ultimate Breakthrough - Top 1 Lubricants Asia Pacific 10th Anniversary Celebration Summit Held

　　On July 4, Top 1 Lubricants held the 10th Anniversary Celebration Summit in Mount Huangshan, China. With the theme of "Extraordinary Decade, Ultimate Breakthrough", the summit was attended by the company's senior management and dealers across the country, looking back on the extraordinary course of the past decade together, and sharing, exchanging and exploring the future innovation path.

　　As a professional lubricant company involved in the production and sales of sedan lubricants, commercial vehicle lubricants, motorcycle lubricants, automotive maintenance products, and additives. Since its landing in China in March 2013, Breakthrough Lubricants has established 565 distributors nationwide, covering all provinces and municipalities in Greater China (including Hong Kong and Taiwan) except Macao.

　　Low price competition for lubricants will become history

　　Recently, the Announcement on the Implementation Standards of Consumption Tax Policies for Some Finished Oil Products (Announcement No. 11 of the Ministry of Finance and the State Administration of Taxation in 2023) was released. It stipulates the scope of collection of finished oil consumption tax, and in order to promote the standardized and healthy development of the finished oil industry, industrial white oil is now included in the finished oil consumption tax.

　　Some experts believe that the price of lubricants may rise and tax avoidance behavior may decrease. The adjustment of the consumption tax policy this time will effectively crack down on those who evade consumption tax through "loopholes", making the competitive environment in the lubricating oil market more fair.

　　Market insiders said that the new tax policy may promote the structural adjustment of the lubricating oil industry. Those enterprises with high efficiency in procurement, production and sales may be able to better cope with the pressure of rising costs, while enterprises with low efficiency may face greater operating pressure. Low price competition will become history, and the lubricating oil industry will be reshuffled, presenting the Matthew effect effect of "strong is always strong".

　　[Weima Auto Technology Group Co., Ltd. becomes the Defaulted executee]

　　Recently, according to an enterprise investigation, Weima Auto Technology Group Co., Ltd. and its chairman SHEN HUI (Shen Hui) added a new consumption restriction order. The applicant was Peng, and the arbitration case was involved. The enforcement court was the People's Court of Qingpu District, Shanghai. At the same time, the company was also listed as a dishonest Defaulted executee (Lao Lai) because of this case.

　　Horizon and Anbofu Conduct Deep Strategic Cooperation

　　At the 2023 Shanghai Auto Show, Horizon released a set of data, stating that since the launch of the Journey series of chips, over 3 million have been shipped, over 50 models have been mass-produced and launched, and over 120 models have been installed in designated locations. Among them, the shipment volume of Journey 5 chips has exceeded 100000 and has been designated by 9 car companies.

　　This collaboration with Anbofu represents that the Horizon Journey series of chips has gained new market share in advance. It is worth mentioning that this cooperation is also the first time that Anbofu has conducted strategic cooperation with local Chinese suppliers on intelligent driving vehicle grade chips.

　　Volkswagen increases its investment by opening up the 800 million Meisi layout charging network

　　On July 3rd, Volkswagen Group (China) announced two important measures aimed at further accelerating its charging network layout in China and improving customer experience. Firstly, Volkswagen Group (China), together with FAW Volkswagen, plans to jointly increase its capital to Camus by approximately 800 million RMB. The transaction will be completed after obtaining applicable regulatory (including antitrust) approvals. Secondly, Volkswagen Group (China) and Kaimeisi teamed up with State Grid Automotive Network Company to jointly carry out a pilot project for orderly charging (V1G) in the Beijing Tianjin Hebei region, exploring sustainable and more flexible charging solutions and reducing customer charging costs.

　　ExxonMobil Appears at the 2023 Equipment Management and Technological Innovation Achievement Exchange Conference

　　Recently, ExxonMobil was invited to attend the 2023 Equipment Management and Technology Innovation Achievement Exchange Conference hosted by the China Equipment Management Association. The conference aims to help Chinese industrial enterprises achieve stability and progress on the path of digital and intelligent transformation through multiple experience summaries and in-depth practical discussions.

　　At this conference, ExxonMobil also won the title of "User Satisfaction Supplier" due to its years of industry application experience, professional service capabilities, and practical exploration of digital intelligence. At the meeting, He Yunfeng, the development manager of intelligent solutions for ExxonMobil China's lubricant business, took equipment lubrication management as the starting point and shared the innovative achievements of Mobil in the field of Artificial Intelligence for IT Operations of industrial equipment over the years.