AGP Executive Report
Last update: 42 minutes agoEV Momentum in China: China’s May passenger-car market fell 22% YoY to ~1.5M sales, but EVs surged: pure electrics rose 4% to 637,000, lifting BEV share to a record 42% and pushing plug-ins to a record 63% of sales. Battery Tech Shift: Power battery installs hit 71.9 GWh in May (+25.9% YoY), with LFP dominating at 81.2% share while ternary chemistry lagged at 18.6%. Solid-State Partnership: OPmobility and ProLogium signed an MoU to integrate solid-state cells into EV modules/packs, aiming for standardized solutions for future platforms. New Model Approvals: China’s MIIT released the 408th vehicle announcement batch, including BYD’s Fangchengbao S sedan and S GT wagon, both slated for Q3 2026 with LFP blade batteries. UK Company-Car Costs: HMRC confirmed updated advisory fuel rates for company cars, including 26p per mile for petrol drivers (over 2,000cc) until early September. Ukraine Nuclear Site Hit: Zaporizhzhia nuclear plant said a Ukrainian strike damaged its transport workshop, including cars and refueling pumps, while claiming normal radiation levels.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.