1. During the Spring Festival travel rush, the charging volume of new energy vehicles on highways increased by nearly 70% year-on-year

　　2. Tieliu Group was awarded the 2023 Excellent Corporate Culture Center in Linping District

　　3. Itochu will establish a new company to support the restructuring of used car giant BM

　　4. Mitsubishi has officially withdrawn from the Chinese market, and GAC has taken over from GAC Mitsubishi. After sales maintenance is proceeding normally

　　5. Jinju Technology completes Series A+financing and undertakes Chery's automotive aftermarket project

　　6. The EU plans to begin customs registration of Chinese electric vehicles

　　7. Zhidou New Car's Q2 Release Will Integrate Geely and Emma Resources

　　During the Spring Festival travel rush, the charging volume of new energy vehicles on highways increased by nearly 70% year-on-year

　　According to the State Grid Smart Vehicle Networking Platform, during the 2024 Spring Festival travel rush, the charging volume of new energy vehicles on highways in China has significantly increased, nearly 70% compared to the same period last year. Data shows that during this year's Spring Festival travel rush, the charging capacity of new energy vehicles on highways reached 134 million kilowatt hours, a year-on-year increase of 69.35%; The number of orders for highway charging reached 5.9636 million, a year-on-year increase of 53.29%.

　　From a geographical perspective, the top three provinces are Jiangsu, Zhejiang, and Anhui. During the Spring Festival, the charging capacity of highways was 20.66 million kilowatt hours, 17.57 million kilowatt hours, and 15.77 million kilowatt hours, respectively, with a year-on-year increase of 92%, 86.7%, and 76.4%. From the perspective of highways, during the Spring Festival travel rush, the busiest ones are the Shenhai Expressway, Beijing Shanghai Expressway, Changshen Expressway, Daguang Expressway, and Shanghai Chengdu Expressway. Among them, the charging capacity of the Shenhai Expressway, Beijing Shanghai Expressway, and Changshen Expressway during the Spring Festival travel rush is 9.05 million kilowatt hours, 596 million kilowatt hours, and 5.44 million kilowatt hours, respectively, with a year-on-year increase of 72.3%, 141.3%, and 54.8%. From the charging period, the peak charging period during the Spring Festival travel rush is from 12:00 to 18:00, with the highest charging volume occurring from 15:00 to 17:00.

　　Tieliu Corporation was awarded the Outstanding Corporate Culture Center of Linping District in 2023

　　On March 7, according to the news from the official account of Tieliu Shares, in order to establish advanced models, give play to the role of demonstration and drive, and promote the normal and long-term development of community cultural homes and corporate cultural centers, according to the Administrative Measures for the Assessment of Community Cultural Homes and Corporate Cultural Centers in Linping District (Linping Publicity [202113]), the assessment results were released in the links of self assessment and application of economic and social enterprises, acceptance and recommendation of towns and streets, and district level review and assessment, The Tieliu Corporation Cultural Center was awarded the title of Excellent Corporate Culture Center in Linping District for 2023.

　　It is understood that in 2019, the Tieliu Corporation Cultural Club was established to cultivate a distinctive corporate culture and focus on playing a value leading role, which is one of the characteristics of the Tieliu Cultural Club. Since its establishment, the annual selection of the Corporate Culture Club has been outstanding.

　　Itochu will establish a new company to support the restructuring of used car giant BM

　　On March 6th, Itochu Corporation announced that it will provide support for the restructuring of used car sales giant BIGMOTOR (BM). Itochu will establish a new company with investment funds to acquire BM's used car sales and maintenance business. The acquisition amount has not been disclosed. According to Itochu, the new company will be established in April. The main business of BM will be transferred to the new company through a split. Itochu, BM subsidiary, and investment fund J-Will Partners jointly contributed by three parties.

　　Mitsubishi officially withdrew from the Chinese market, GAC took over GAC Mitsubishi, and after-sales maintenance is proceeding normally

　　On March 7th, Mitsubishi officially announced its withdrawal from the Chinese market, and GAC Group took over GAC Mitsubishi. After sales maintenance will proceed normally. According to reports, the latest information from the National Enterprise Credit Information Publicity System shows that GAC Mitsubishi Automobile Co., Ltd. has undergone a series of industrial and commercial changes, and its company name has been changed to "Hunan Zhixiang Automobile Management Co., Ltd.". In this change, the original shareholders Mitsubishi Automobile Industry Co., Ltd. and Mitsubishi Corporation have withdrawn, and GAC Group has become the sole shareholder of Hunan Zhixiang. In addition, the reporter learned that the business scope of Hunan Zhixiang has also changed, eliminating the core business of automobile production and adding new projects such as new energy vehicle sales and parking lot services.

　　Jinju Technology has completed Series A+financing and is undertaking Chery's automotive aftermarket project

　　Recently, according to information released by Tianyancha, Wuhu Jinju Technology Co., Ltd. has completed an A+round of financing, and the financing amount has not been disclosed. The institutions participating in the investment include Yuanda Venture Capital.

　　Wuhu Jinju Technology Co., Ltd. undertakes the automotive aftermarket project of Chery Holding Group. In the next five years, Jinju Technology will build a domestic leading Internet platform for the automotive aftermarket and become a domestic first-class automotive aftermarket ecological chain platform company. The automotive aftermarket business is an important business carrier for Chery Holding Group's transformation and upgrading strategy adjustment. It not only creates economic value for the group, but also effectively approaches customers and enhances brand stickiness.

　　The European Union plans to begin customs registration of electric vehicles in China

　　On March 6th, it was reported that the European Commission issued an emergency notice on the 5th, stating plans to begin customs registration of pure electric vehicles (BEVs) imported from China. This move is part of the EU's "anti subsidy investigation" into Chinese electric vehicles. If the final investigation determines that Chinese electric vehicles have received so-called "unfair subsidies," the EU may impose "retrospective tariffs" on these registered imported vehicles.

　　Zhidou New Car's Q2 Release Will Integrate Geely and Emma Resources

　　On March 6th, insiders revealed that Zhidou Motors, which has completed bankruptcy reorganization, plans to release its first new car in the second quarter of this year and may borrow sales channels from Emma electric vehicles. Zhidou will fully introduce supporting resources from high-speed vehicle platforms such as Geely to optimize the supply chain structure. At the same time, we will reference and cultivate high-quality, loanable or similar components in the Emma supply chain system.

　　Public information shows that Zhidou Electric Vehicle Co., Ltd. is a joint venture established by Geely Holding Group, New Ocean Electromechanical Group, and Jinshajiang Venture Capital Fund, focusing on the field of pure electric micro vehicles. This car company, founded in 2006, was one of the earliest Chinese companies to enter the field of new energy vehicles, with cumulative sales exceeding 100000 units. At its peak, it accounted for 6% of the domestic new energy vehicle market at that time.