The United Auto Workers (UAW) announced on October 29 that workers at the Volkswagen plant in Chattanooga, Tennessee, have voted to approve a strike. Prior to this, the UAW had been engaged in over a year of contract negotiations with Volkswagen, but the latest contract proposal from Volkswagen still failed to satisfy the workers. However, the union stated that although members have voted to approve a strike, they have not yet determined the start date for the strike.

Recently, Honda Motor Company has begun to cut back or suspend production at some of its North American factories due to a shortage of key chips caused by the Nexperia crisis. According to content posted by a union official from a Honda factory supplier on social media, Honda's plant in Canada, which produces compact Civic sedans and CR-V SUVs, has halved its output. Additionally, according to a report from Nikkei, Honda Motor suspended car production at its Mexican factory on October 28 local time, and it is not yet clear when production will resume.

On October 29, the United States and South Korea reached an agreement on the specific terms of a trade deal. South Korea will invest $350 billion in the U.S. in exchange for the U.S. maintaining a comprehensive tariff rate of 15% on South Korea, including reducing tariffs on cars and auto parts to 15%; previously, the U.S. announced a 25% tariff on imported cars. In the semiconductor sector, South Korea stated that the agreed-upon tariff levels would not place South Korea at a disadvantage.

On October 30, BYD released its third-quarter report for 2025, showing third-quarter revenue of 194.985 billion yuan, a year-on-year decrease of 3.05%; net profit was 7.823 billion yuan, a year-on-year decrease of 32.60%. For the first three quarters, revenue was 566.266 billion yuan, a year-on-year increase of 12.75%; net profit was 23.333 billion yuan, a year-on-year decrease of 7.55%.

Baofeng Energy (600989.SH) disclosed its third-quarter report, showing that the company achieved an operating income of 35.545 billion yuan from January to September 2025, a year-on-year increase of 46.43%. The net profit attributable to the parent company was 8.950 billion yuan, a substantial year-on-year increase of 97.27%, and the net profit attributable to the parent company excluding non-recurring items also reached 8.972 billion yuan, a year-on-year increase of 82.85%. The single-quarter data was even more robust, with third-quarter operating income of 12.725 billion yuan, a year-on-year increase of 72.49%. The net profit attributable to the parent company was 3.232 billion yuan, skyrocketing 162.34% year-on-year, indicating a growth trend driven by a synergy of "volume and price differences."

On October 30th, the major project of the national petrochemical industry planning layout and China Petroleum's key project in the "14th Five-Year Plan," the Guangxi Petrochemical Ethylene Project, was fully completed and put into operation at Qinzhou Port in Guangxi. The first batch of qualified solid chemical products has been dispatched. The total investment of the project exceeds 30 billion yuan.

On the evening of October 29, Rongsheng Petrochemical released its report for the third quarter of 2025, showing that the company achieved an operating revenue of 227.815 billion yuan in the first three quarters, with a net profit attributable to the parent company of 888 million yuan. During the reporting period, the net cash flow from operating activities reached 23.647 billion yuan, a year-on-year increase of 19.93%. Specifically, in the third quarter, the company's net profit attributable to the parent company was 286 million yuan, marking a year-on-year growth of 1427.94% and a quarter-on-quarter increase of 1992.91% from Q2. The third quarter witnessed both year-on-year and quarter-on-quarter growth in net profit, highlighting the company's continuously improving performance.

On October 29, Sinopec released its third-quarter report for 2025. In the first three quarters, the company comprehensively coordinated production and operations, promoted regional optimization, and deepened potential tapping and efficiency improvement, maintaining stable production and operations. According to International Financial Reporting Standards, the profit attributable to shareholders for the first three quarters was RMB 32.065 billion, with RMB 8.313 billion in the third quarter, representing a year-on-year increase of 3.5%. The net cash flow from operating activities for the first three quarters was RMB 114.782 billion, an increase of 13.0% year-on-year, indicating a solid financial position.

General Motors confirmed on October 29 that it has notified nearly 5,500 employees at three of its plants to take unpaid leave, including 3,400 workers at the Detroit Factory Zero plant, which had previously implemented unpaid leave this summer. This plant produces electric Chevrolet Silverado, GMC Sierra, and Hummer electric vehicles. GM will assess the production needs and plans to recall about 1,200 workers when the plant resumes single-shift operations in January next year, while the remaining 2,200 will be on indefinite unpaid leave. GM also laid off 1,400 workers at the Ultium battery plant in Warren, Ohio, and 710 workers in Spring Hill, Tennessee. A company spokesperson stated that about 850 workers at the Ohio plant are expected to return in May next year, while 550 are considering indefinite layoffs.

According to the Tianyancha App, recently, Huawang Automotive Technology (Guangzhou) Co., Ltd. underwent a business change, adding GAC Aion New Energy Automobile Co., Ltd. as a shareholder. The registered capital increased from 1.5 billion RMB to 2.1 billion RMB, a 40% increase, and several senior executives were changed. The company was established in March of this year, with He Xianqing as the legal representative. Its business scope includes automobile sales, manufacturing of automotive parts and accessories, and wholesale of automotive spare parts. It is now jointly held by GAC Group (601238) and the newly added shareholder.

The development of domestically produced ultra-high-purity polymer special materials is reaching a critical juncture.Recently, the first phase of the Puchenjing New Energy Special Polyolefin Specialty Materials Project, located in the Shanghai Chemical Industry Park, has officially commenced operations.As an industrial benchmark selected as a major project in Shanghai for two consecutive years in 2024 and 2025, the completion and commissioning of the Puxinjing Project marks a historic leap from dependence on imports to independent control in the field of ultra-high-purity high molecular weight polyethylene, a key strategic material in China.

Tesla is advancing the mass production work for the next-generation Roadster sports car. The prototype of this electric supercar was first unveiled in 2017, with production originally slated to begin in 2020, but it has faced multiple delays. Recently, Tesla's official website posted a job listing for "Roadster Manufacturing Engineers," indicating that it may have begun to establish a manufacturing system for the Roadster's mass production. The related work is still in the early stages of manufacturing development, and the mass production version of the Roadster is not expected to roll off the production line until at least the end of 2026, with industry analysts suggesting that a more realistic production timeline may be pushed to 2027. The job listing for manufacturing engineers specifies the work location as Fremont, California, which may indicate that Tesla intends to start Roadster production at its Fremont factory in California.

Recently, Satellite Chemical (002648.SZ) released its third quarter report for 2025. The report shows that Satellite Chemical achieved a total operating revenue of 11.311 billion yuan, a year-on-year decrease of 12.15%; the net profit attributable to shareholders was 1.011 billion yuan, a year-on-year decrease of 38.21%; the net profit attributable to shareholders after deducting non-recurring gains and losses was 1.341 billion yuan, a year-on-year decrease of 27.63%, with basic earnings per share of 0.30 yuan.

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Toyota Motor will start producing hybrid cars in Vietnam as early as 2027 and will increase local... To meet the growing demand for hybrid vehicles in the Vietnamese market, Toyota's production base will be located at a factory in Phu Tho Province in northern Vietnam, which is adjacent to the capital, Hanoi.

The National Development and Reform Commission and other departments have released the "Three-Year Doubling Action Plan for Electric Vehicle Charging Facility Service Capacity (2025-2027)", aiming to establish 28 million charging facilities by the end of 2027 to meet the charging needs of 80 million electric vehicles. The plan focuses on long-standing issues in the industry, encompassing everything from high-power charging technology to balanced layout between urban and rural areas, and comprehensively initiates actions for industrial upgrading. The plan emphasizes the need for a balanced network layout, constructing a three-dimensional network that ensures "no blind spots in cities and guarantees in rural areas." Additionally, the plan particularly highlights the large-scale application of high-power charging technology, which will drive the restructuring of the industry chain.

In the first three quarters of 2025, Guoxuan High-Tech achieved operating revenue of 29.508 billion yuan, a year-on-year increase of 17.21%, and a net profit attributable to the parent company of 2.533 billion yuan, a year-on-year increase of 514.35%. The growth in performance was mainly due to the enhancement of market share in electric vehicle batteries, growth in the energy storage business, and optimization of product structure. The company also benefited partially from non-recurring gains and losses. The energy storage market remains highly active, with lithium battery shipments reaching 430 GWh in the first three quarters. Guoxuan High-Tech has increased its market share, strengthened its technical capabilities, deepened cooperation with the Volkswagen Group, and accelerated its global capacity layout.

CATL released its Q3 2025 financial report, showing a slowdown in revenue growth, but a net profit growth exceeding 40%. The company is shifting from power batteries to the energy storage sector and moving from products to ecosystems, promoting battery swapping and laying out an integrated network for solar energy storage and charging. CATL's stock price surged by 49.33%, with a total market value reaching 1.76 trillion yuan. The company is utilizing financial instruments globally to gain profits from exchange rate fluctuations, with external investment income growing nearly 70% year-on-year. CATL is fully betting on energy storage and the electrification of commercial vehicles as new growth points.

According to the latest technology roadmap released by the China Society of Automotive Engineers, all-solid-state batteries are expected to achieve small-scale application by 2030 and large-scale global promotion by 2035. Sunwoda recently launched a new polymer solid-state battery product, "Xin·Bixiao," with an energy density of 400Wh/kg. Company executives pointed out that the mass production timeline for all-solid-state batteries might be later than some overseas companies anticipate, likely beginning small-scale production only after 2030. They will coexist with liquid lithium batteries for a long time, and commercialization should be approached rationally.

At 14:38 on October 26, the 1.2 million tons/year ethylene plant of PetroChina Guangxi Petrochemical Company officially started feeding, and at 2:41 on the 27th, it produced qualified products, marking the successful initial operation of the plant. This critical milestone signifies the company's complete transformation from a "fuel-type" refinery to an integrated refining and chemical enterprise focusing on "chemical products and organic materials." It also accelerates the upgrade of a new industrial ecosystem characterized by "leading the way and cluster development" for the petrochemical industry in the southwest region.