OEM Movements | OEM TrendOn July 7, Porsche revealed its internal pay structure for the first time at its annual general meeting. With roughly 23,000 employees, nearly 40% are expected to earn a gross taxable income exceeding 100,000 euros in 2025 — a level that places them in the top 10% of German earners, or nearly double the national average. Porsche detailed salary levels across different tiers, noting that executive compensation lags behind that of chief executives at BMW and Mercedes-Benz.Ford Motor and Micron Technology recently signed a long-term supply agreement to secure a steady flow of memory and storage chips for Ford's next-generation vehicles. Just days earlier, Micron struck a similar deal with General Motors. The Ford partnership is the latest step in the chipmaker's push to expand U.S. automotive production capacity, including an advanced DRAM production line in Virginia.BYD Semiconductor announced that cumulative shipments of its automotive-grade BMS analog front-end (AFE) chips have surpassed 100 million units. Since launching the BF8915A-1 in 2021 — the first domestic automotive-grade BMS AFE chip to go into mass production — the company has ranked first among Chinese vendors in both shipments and installations for this segment.Toyota Motor North America plans to spend $3.6 billion to add a new assembly line for the Tacoma pickup at its San Antonio, Texas plant. The Tacoma is currently built in Baja California, Mexico, with production set to shift to San Antonio over the next four years.Suppliers | Supply Chain NewsOn July 7, Forvia Hella officially unveiled its first fully integrated 12-volt lithium-ion battery pack. Combining lithium-ion cells with a battery management system (BMS), the product features a lighter weight and simplified structure. Tailored for hybrid and electric vehicles, it aims to bring intelligent upgrades to low-voltage power systems.Seyond recently filed a notice with the Hong Kong Stock Exchange detailing its LiDAR shipments for the second quarter of 2026. The company delivered approximately 271,100 units during the period — a 385% surge from the previous year and a 49% increase from the prior quarter.Autoliv and Great Wall Motor have formally signed a global strategic cooperation framework agreement. The deal marks a comprehensive upgrade of their partnership, focusing on deep collaboration across several key areas. Under the agreement, the two will work together on global market expansion, supply chain security, overseas localized production, restraint system integration, and advanced technology development. Other pillars include product standardization, sustainability, brand alignment, and talent development.German supplier Webasto is considering taking its Indian subsidiary, Webasto Roofsystems India, public in 2027, according to people familiar with the matter. The initial public offering aims to raise between $400 million and $500 million, potentially valuing the unit at close to $2 billion. Axis Capital and JM Financial have reportedly been selected as lead underwriters for the listing.Industrial Focus | Industrial EconomyOn July 7, the three major U.S. stock indices closed higher. The Dow rose 0.3%, the Nasdaq gained 1.12%, and the S&P 500 added 0.73%. Most major tech stocks advanced, with Tesla and AMD climbing more than 6%. Broadcom and ASML jumped over 3%, while Meta rose nearly 3%. Microsoft and SpaceX slipped roughly 1%. Leading the gains were automotive manufacturing, computer hardware, and cryptocurrency stocks: Rivian surged over 8%, Western Digital gained more than 7%, and Lotus and Circle rallied over 6%. Dell Technologies rose 4%, while Logitech, Quantum, and HP climbed more than 3%.Data from the General Administration of Customs, compiled by the China Association of Automobile Manufacturers, shows that auto imports totaled 163,000 units in the first five months of 2026 — a 10.6% year-on-year decline. Import value fell 19.2% to $7.54 billion. The drop in value was nearly twice that of volume, signaling a decline in the average price of imported vehicles. In May alone, imports reached 38,000 units, up 40.4% from April but down 18.6% from a year earlier, with import value slipping 25.0% to $1.79 billion. The month-over-month recovery was largely due to a low base in April; the trend of year-over-year declines in both volume and value remains intact.Embodied intelligence startup Morphi has officially completed an angel round series exceeding 1 billion yuan. The round was co-led by Alibaba and Tencent, with participation from over a dozen top-tier firms, including Photosynthesis Venture Capital. Post-money valuation has surpassed 7 billion yuan, setting a record for the largest publicly disclosed initial funding round in China's embodied intelligence sector.Policy Watch | Policy SituationOn July 7, an article titled "New Rules Land July 1! Localization Rate of Smart Driving Chips for New Vehicles Must Not Be Lower Than 70%" circulated on social media, sparking widespread debate. The National Internet Rumor Refutation platform responded by citing a verification from the Ministry of Industry and Information Technology (MIIT), which stated that the document is entirely fictitious. The MIIT has never issued any policy with that name, nor has it set mandatory limits on the localization rate of new energy vehicle chips. The online information is a complete fabrication.Personnel Moves | Executive ChangesHuayou Holding Group recently held a meeting for new executives, appointing Lou Jianfeng as president to oversee daily operations and management. In his inaugural address, Lou expressed strong alignment with Huayou's strategy of rooting itself in the energy materials sector, deploying global resources, and building a complete industrial chain — a vision that cemented his confidence and resolve in joining the group.