1. The Ministry of Commerce encourages the replacement of old cars with new energy vehicles, and the Ministry of Finance will provide fixed subsidies for new energy vehicles　　

　　2. Jiyue and Lynk&Co have reached strategic cooperation to jointly build a new after-sales service system　

　　3. Dunkman will participate in the 95th National Auto Parts Fair　

　　4. Volkswagen to invest $2.7 billion in China　　

　　5. The first domestic hydrogen energy industry investment alliance was established in Jiading, Shanghai　　

　　6. Intelligent chassis company Yupan Technology receives nearly 100 million yuan in financing　

　　7. The first intelligent connected vehicle testing high-speed opening in Beijing Tianjin Hebei region

　　The Ministry of Commerce encourages the replacement of old cars with new energy vehicles, and the Ministry of Finance will provide fixed subsidies for new energy vehicles

　　On April 11th, the State Council Information Office held a routine policy briefing for the State Council, introducing the relevant situation of the Action Plan for Promoting Large scale Equipment Renewal and Consumer Goods Exchange.

　　At the meeting, Xu Xingfeng, Director of the Market Operation and Consumption Promotion Department of the Ministry of Commerce, introduced that the "Action Plan" clearly defines the major categories as consumer goods such as automobiles, household appliances, and home furnishings, kitchens, and bathrooms. The automotive category mainly supports the purchase of energy-saving vehicles, new energy vehicles, etc. Xu Xingfeng stated that it is encouraged to replace old cars with new energy vehicles or energy-saving vehicles that have high energy consumption, high emissions, long service life, and safety hazards.

　　Fu Jinling, Director of the Economic Construction Department of the Ministry of Finance, stated that consumers who scrap high emission passenger cars or meet the conditions for new energy passenger cars, and purchase energy-saving requirements or new energy vehicles, will be given a fixed subsidy. The subsidy funds are shared proportionally by the central and local governments, jointly promoting the exchange of old cars for new ones. At the same time, the central government will arrange funds to support the pilot work of filling the gaps in county-level charging and swapping facilities, fill the gaps in the layout of charging infrastructure in rural areas, optimize the consumption environment of new energy vehicles, and stimulate the consumption potential of new energy vehicles in rural areas.

　　【 Jiyue and Lynk&Co have reached strategic cooperation to jointly build a new after-sales service system 】

　　On April 10th, Jiyue announced a strategic cooperation with Lynk&Co to jointly build a new after-sales service system and assist Jiyue in providing a better after-sales service experience.

　　According to the agreement, both parties will cooperate on basic maintenance, accident mechanical and electrical maintenance, sheet metal spray repair, insurance claims service, and other aspects of intelligent vehicle after-sales service, leveraging their respective channels and technical advantages in the after-sales field, and unifying service standards.

　　According to the official introduction, after-sales service is one of the core parts of the Jiyue Intelligent Automotive Ecological Service System. Through continuous and vigorous layout of offline channels, Jiyue has operated nearly 30 direct after-sales stores and over 40 authorized after-sales stores, covering more than 30 key cities in China. It has also built the first after-sales parts center in Shanghai, providing users with an industry-leading after-sales service experience.

　　Dunkman will participate in the 95th National Auto Parts Fair

　　The 95th National Auto Parts Trading Fair in 2024 will be held from April 21 to 23 at the Shandong International Convention and Exhibition Center. Dunkman Filter will participate in this exhibition, booth number W3T403.

　　It is reported that this exhibition will open nearly 100000 square meters of space in the eight major exhibition halls and shared halls of Shandong International Convention and Exhibition Center. It is expected to gather more than 2300 exhibiting enterprises and more than 60000 professional automotive parts purchasers. Such scale and influence will undoubtedly promote the development of China's automotive aftermarket, help automotive parts enterprises expand their market, and enhance brand influence.

　　Volkswagen will invest $2.7 billion in China

　　On April 11th, Volkswagen China announced that the Volkswagen Group has invested 2.5 billion euros to further expand its production and innovation center in Hefei to strengthen local research and development.

　　At the same time, Volkswagen Group will produce two Volkswagen brand models jointly developed with Xiaopeng Motors in Hefei, with the first model being a mid size SUV and planned to be put into production in 2026.

　　According to the latest plan, by 2030, Volkswagen Group's brands will offer over 30 pure electric vehicle models in the Chinese market. Volkswagen (China) Technology Co., Ltd., wholly-owned by Volkswagen Group and located in Hefei, is developing the group's first electric vehicle architecture (CMP) specifically designed for the Chinese market. Starting from 2026, the group will rely on this platform to develop no less than four electric vehicle models for the compact entry-level market.

　　The first domestic hydrogen energy industry investment alliance was established in Jiading, Shanghai

　　On April 11th, the first domestic hydrogen energy industry investment alliance was unveiled and established in Anting, Jiading, Shanghai. As one of the first 26 municipal characteristic parks in Shanghai, Jiading Hydrogen Energy Port has played a certain demonstration role in leading the agglomeration and development of China's hydrogen energy industry. Currently, nearly 60 hydrogen energy and automotive intelligent industry projects have been settled in the park, with a total investment of over 10 billion yuan.

　　The establishment of the Hydrogen Industry Investment Alliance will help Jiading Hydrogen Port to collaborate with the capital end, provide full cycle empowerment services for enterprises in different growth stages, and improve the entire industry chain ecology of hydrogen and fuel cell production, storage, transportation, and utilization. It is understood that the hydrogen energy industry investment alliance is composed of dozens of top financial institutions, hydrogen energy enterprises, and other members such as Sequoia China, National Green Investment, and Hengxu Capital.

　　Intelligent chassis company Yupan Technology has received nearly 100 million yuan in financing

　　Recently, intelligent chassis company Yupan Technology announced that it has successively completed seed and angel rounds of financing, with a cumulative financing amount of nearly 100 million yuan. Angel round investors are led by Xiaomi Zhantou, followed by Shunwei Capital and its old shareholder Lushi Investment; The seed round investors are led by Lushi Investment, followed by Qingliu Capital, Ximu Investment, and other investors. The financing funds will mainly be used for production line investment, product research and development, market expansion, etc.

　　Founded in April 2023, Yupan Technology focuses on core control technologies for automotive intelligent chassis, providing high safety chassis execution systems and globally stable intelligent control solutions. It is reported that the core team of Yupan Technology has rich experience in research and industrialization of automotive components. Currently, Yupan Technology has completed three major system certifications: IATF 16949, ISO 14001, and ISO 45001, and has established the entire system processes of research and development, production, quality, and supply chain management.

　　The first intelligent connected vehicle testing highway in the Beijing Tianjin Hebei region is open to the public

　　On April 10th, the Department of Transportation of Hebei Province, the Department of Industry and Information Technology of Hebei Province, and the Department of Public Security of Hebei Province jointly announced that the G2 Beijing Shanghai Expressway Hebei Langfang section (Hebei section of Beijing Tianjin Tang Expressway) will officially be used for intelligent connected vehicle road testing and demonstration applications. Previously, the Beijing and Tianjin sections of the Beijing Tianjin Tang Expressway had already opened intelligent connected vehicle testing, which means that the first intelligent connected vehicle testing highway across the three regions of Beijing Tianjin Hebei will be fully opened. It is understood that the Beijing Tianjin Tangshan Expressway is the first cross provincial road in China to support collaborative autonomous driving testing between vehicles and roads. The G2 Beijing Shanghai Expressway Hebei Langfang section (Beijing Tianjin Tang Expressway Hebei section) is the first intelligent connected vehicle testing section of the expressway in Hebei Province. The opening of this section marks the full opening of the Beijing Tianjin Tang Expressway intelligent connected vehicle testing demonstration application road spanning three regions, and is the first in China to implement intelligent connected vehicle cross regional scenario applications.