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(1) In May, South Korea's automobile export value was $5.83 billion, a year-on-year decrease of 5.9%; export volume was 230,072 units, a year-on-year decrease of 6.6%. Domestic sales (127,315 units) and production (329,559 units) decreased by 10.3% and 8.2% year-on-year, respectively. (2) The growth momentum of new energy vehicles production and sales remains strong, with export value in May reaching $2.4 billion, up 9.9% year-on-year, accounting for over 40% of total automobile exports; export volume was 83,145 units, up 11.2% year-on-year. (3) New energy vehicle domestic sales were 77,179 units, an increase of 5.5% year-on-year, forming a sharp contrast with the declining trend of traditional automobiles.

Standard Chartered has set a long-term price target of $100 for UNI, driving a surge in UNI, with HYPE and Solana leading gains among memecoins. Bitcoin remains around $66,000, oil prices have fallen to a three-month low, and Federal Reserve Chairman Kevin Walsh presided over the Federal Reserve meeting.

Glonghui, June 17 — According to sources cited by the Financial Times, Volkswagen has notified three acquisition consortiums to submit sealed final bids next week to compete for its engine business division, valued at 10 billion USD. Investors behind these consortiums include European wealthy families, as well as capital from Qatar and Canada. Previously, EQT, together with Porsche Holding and Qatar Investment Authority, participated in the bidding. There are market concerns that EQT may have an unfair competitive advantage, and Volkswagen’s move aims to address these concerns. Volkswagen, Porsche Holding, and EQT have all declined to comment.