36Kr Evening News | Volvo Cars' global sales in May decreased by 12% year-on-year; Cathay Pacific reached a cooperation with Sinopec on sustainable aviation fuel; Switch 2 will be officially launched tomorrow, and JD.com announced the pre - order volume: it has exceeded 400,000 units.
Large Companies:
Hainan Huatie: Plans to List the Company on the Singapore Exchange
36Kr learned that Hainan Huatie announced that to further promote its international strategic layout, the company is planning to issue shares overseas and list on the Singapore Exchange. Currently, the company is discussing the specific implementation of this S - share listing with relevant intermediary institutions, and the relevant details have not been finalized. This S - share listing will not result in a change of the company's controlling shareholder and actual controller. After the specific plan is determined, the S - share listing work still needs to be submitted to the company's board of directors and shareholders' meeting for review, and be filed with the China Securities Regulatory Commission and reviewed by regulatory authorities such as the Singapore Exchange.
Weilong Delicious Food Co., Ltd. Increases Its Capital to $81.06 Million, a Rise of About 23%
36Kr learned that the Aiqicha App shows that recently, Luohe Weilong Delicious Food Industry Development Group Co., Ltd. has undergone industrial and commercial changes. Its registered capital has increased from $66.06 million to $81.06 million, a rise of about 23%. The company was established in August 2018, with Chen Lin as its legal representative. Its business scope includes food sales, food import and export, goods import and export, technology import and export, import and export agency, food additive sales, etc.
Volvo Cars' Global Sales in May Decreased by 12% Year - on - Year
Volvo Cars sold 59,822 vehicles globally in May, a 12% decrease compared with the same period last year. (Jiemian)
Cathay Pacific Reaches a Cooperation on Sustainable Aviation Fuel with Sinopec
36Kr learned that Cathay Pacific announced today that it has signed an agreement with China Petroleum & Chemical Corporation to refuel some of its flights departing from Hong Kong International Airport with sustainable aviation fuel produced by Sinopec and blended with traditional aviation fuel. In April this year, Cathay Pacific refueled a flight at Hong Kong International Airport with a batch of sustainable aviation fuel produced by Zhenhai Refining & Chemical Company of Sinopec. The raw material of this batch of sustainable aviation fuel is waste cooking oil, and it is produced using the hydrotreated esters and fatty acids technology. It is the first batch of sustainable aviation fuel delivered to Hong Kong by the company and has been confirmed by the International Sustainability and Carbon Certification (ISCC). It can reduce carbon emissions by about 80% compared with traditional aviation fuel over its entire life cycle.
36Kr learned that CATL announced that as of May 31, 2025, the company has cumulatively repurchased 6,640,986 A - shares of the company through the centralized bidding trading method on the Shenzhen Stock Exchange's stock trading system, accounting for 0.1508% of the company's current total A - share capital. The highest transaction price was 237.38 yuan per share, and the lowest was 231.50 yuan per share. The total transaction amount was 1,550,809,971.05 yuan (excluding transaction fees).
Tesla's New Car Registrations in Germany in May Decreased by 36.2% Year - on - Year to 1,210 Units
Data released by the German Federal Motor Transport Authority (KBA) on June 4 showed that Tesla's new car registrations in Germany in May decreased by 36.2% year - on - year to 1,210 units. From January to May, Tesla's new car registrations in Germany decreased by 57.7% year - on - year to 7,030 units. (Jiemian)
On June 3 local time, the European Battery Exhibition was held in Stuttgart, Germany, with more than 1,100 companies from around the world participating. During the exhibition, many European battery companies set their sights on the Chinese market and hope to strengthen cooperation with China in the field of power batteries. In 2024, the production and sales of new energy vehicles in China both exceeded 12 million units. A report previously released by the China Association of Automobile Manufacturers showed that in the first quarter of 2025, the production and sales of new energy vehicles in China increased by 50.4% and 47.1% year - on - year respectively, continuing the high - growth trend. The rapid development of the new energy vehicle industry in China has driven the formation of a complete industrial chain and supply chain in the Chinese power battery industry, which makes many European battery companies full of expectations for the prospects of the Chinese market. (CCTV News)
Investment and Financing:
"Nanshu Network Technology" Completes a 10 - million - yuan Angel Round of Financing
36Kr learned that on June 4, 2025, "Nanshu Network Technology" officially announced the completion of a 10 - million - yuan angel round of financing. This round of financing was led by a well - known domestic investment institution. The funds will be mainly used to deepen the research and development of the big data analysis platform, expand the cloud computing service network, strengthen the optimization of artificial intelligence algorithms, and accelerate the deployment of industry - customized solutions to help enterprises achieve data - driven intelligent upgrading.
"Jinchuang Technology" Completes a 30 - million - yuan Series A Round of Financing
36Kr learned that "Jinchuang Technology" recently announced the successful completion of a 30 - million - yuan Series A round of financing. This round of financing was a strategic investment from Guanfeng Capital. The funds from this round will be mainly used to deepen core technology research and development, expand the professional talent team, and explore key industry markets.
Asset Management Giant Brookfield Plans to Invest $9.9 Billion to Build an AI Data Center in Sweden
Asset management giant Brookfield announced on June 4 that it plans to invest up to 95 billion Swedish kronor (about $9.91 billion) to build an artificial intelligence data center in Strängnäs, Sweden. The construction period of this project is expected to be 10 to 15 years, which will create about 1,000 permanent jobs and an additional 2,000 jobs during the construction period. (Jiemian)
36Kr learned that Meiya Optoelectronics announced that the company plans to invest 185 million yuan to build an expansion project of an intelligent coating and sheet metal production base. After the project is completed, it will add an annual production capacity of 10,000 sets of coating, sheet metal, and machining.
New Products:
On June 5, Nintendo's new - generation console, Switch 2, will be globally released at a price of 3,889 yuan (the final price after tax is 4,242.9 yuan). According to the latest data from JD.com, the cumulative pre - order volume of Switch 2 on JD.com has exceeded 400,000 units, making it the most - watched new - generation game console by consumers recently. It is understood that compared with the original model, the screen of Switch 2 has been upgraded from 6.2 inches to 7.9 inches, supporting 1080p high - definition, 120Hz high - refresh rate, VRR variable refresh rate, and HDR high - dynamic range, making the picture more delicate and smooth. At the same time, the Switch 2 dock also supports 4K output (up to 60fps in 4K mode), HDR, and ALLM automatic low - latency, and is equipped with a built - in cooling fan.
36Kr learned that Fuerjia announced that its in - development product "Recombinant Type III Humanized Collagen Dressing" has passed the ethical review and completed the clinical trial filing at the sub - center of the Heilongjiang Provincial Drug Administration, and can now conduct clinical trials. This product is the first Class III sterile medical device in China using the double - chamber solid - liquid separation method, which is used for the auxiliary treatment of wound repair after laser and photon therapy and the repair of skin barrier function damage in patients with sensitive skin. The company said that obtaining the clinical trial filing for this product is of great significance for expanding the sales market and enriching the product line, but the impact on the company's future performance is uncertain.
36Kr learned that Wantai Biopharm announced that the nine - valent human papillomavirus vaccine (Escherichia coli) (trade name: Xinkening 9) declared by its wholly - owned subsidiary, Xiamen Wantai Canghai Biotechnology Co., Ltd., has been approved for marketing. Previously, there was only one nine - valent HPV vaccine on the market globally, which was Gardasil® 9 from Merck. The approval of this vaccine will be beneficial to the promotion and use of the company's HPV vaccine, enrich the company's product line, and further enhance the company's core competitiveness. However, the time of vaccine marketing and the market sales situation are uncertain.
Today's Views:
On June 4, Shao Mingfeng, CBO of VOYAH and General Manager of the Sales Company, severely criticized the industry's hidden rule of premium through "stacking configurations + aggressive marketing" on social media, saying that "users should not pay for redundant configurations and should not pay for excessive advertising." He also said that automobile companies should develop products based on user needs to reflect the true value of products. It is understood that the body configurations, three - electric performance, safety configurations, and even after - sales services of VOYAH's models such as Dreamer, Zhiyin, Chasing Light, and FREE are all optimized based on user orientation. In 2024, the Net Promoter Score (NPS) of VOYAH Dreamer users was as high as 84%. Some netizens asked about the pricing of the car under Shao Mingfeng's social media post, and Shao Mingfeng also said that "a pleasant surprise is coming."
The Indonesian sovereign wealth fund, Danantara, and Bridgewater founder Ray Dalio issued a joint statement on June 4, denying the rumor that "Ray Dalio will not serve as an advisor to Danantara." They said that the cooperative relationship between the two sides remains unchanged, and Ray Dalio will continue to serve as an informal advisor to Danantara and Indonesian President Prabowo. (Jiemian)
Other Noteworthy News:
36Kr learned that the National Energy Administration has organized the first batch of pilot projects for the construction of a new - type power system. The notice proposes to focus on building or upgrading a number of new - energy power plants in areas with tight supply or high absorption pressure. Through long - term and high - precision power forecasting and intelligent joint regulation and operation of wind and solar energy storage, the system - friendly performance will be improved, and the confidence output of the power plants during peak hours (no less than 2 hours) will be increased to over 10%. The power plants will sign a coordinated dispatching agreement with the dispatching agency, clarifying the coordinated dispatching operation mode, the reliable capacity included in the power balance, and the support duration. The power plants will report the power forecasting results and power generation plan suggestions for coordinated operation one day in advance, and the dispatching agency will improve the dispatching operation rules and incorporate the power plants into the daily power balance based on the data reported by the power plants.