Changan Appoints Two New VPs; BMW Cuts 2026 Profit Outlook; Bosch Lands Smart Cockpit Deal with Chinese Automaker

On June 16, the Board of Directors of Chongqing Changan Automobile Co., Ltd. resolved to appoint Chen Zhuo and Di Zhirui as Vice Presidents of the company, with their terms lasting until the expiration of the Ninth Board of Directors. Chen Zhuo, aged 42, joined Changan Automobile in 2006 and previously served as General Manager of the Brand Public Relations Department and President of Avatr Technology. Di Zhirui, aged 45, began his career in 2003 and has held roles including General Manager of Product Planning, Marketing Director for Deepal products, General Manager of Oshan Automotive Business Unit, and CEO of Qiyuan products. On the same day, BMW Group announced a significant downward revision to its 2026 earnings outlook. The expected operating margin for its core automotive business was lowered from 4%–6% to 1%–3%, with vehicle deliveries projected to decline slightly. The company attributed this adjustment primarily to weak demand in China and geopolitical tensions in the Middle East, which have driven up energy prices and dampened consumer sentiment. BMW’s share price fell by 6.6% that day. The company plans to accelerate cost-cutting measures and restructure its organization, which will result in one-time financial losses in the second half of 2026. On June 17, Stellantis CEO Antonio Filosa stated that the company is in talks with two potential partners regarding cooperation on Maserati operations, involving the Cassino, Modena, and Pomigliano plants. Filosa emphasized that the Maserati brand will not be sold, nor will the Cassino plant be transferred. Going forward, operations may adopt a joint venture model similar to Stellantis’ existing partnerships with Chinese EV maker Leapmotor and Dongfeng Motor, under which Stellantis would hold a 51% controlling stake. A new strategic plan for Maserati, including two new models, will be unveiled in December 2026. Bosch Smart Driving Control recently secured a定点 (nomination) from a leading domestic OEM for its next-generation AI-powered intelligent cockpit project, based on Qualcomm’s Snapdragon 8397 platform, with mass production scheduled for Q3 2027. The cockpit supports deployment of multiple large ecosystem models and features an end-to-end AI-based information security mechanism. As of April 2026, Bosch’s intelligent cockpit platform had shipped over 10 million units globally. EVE Energy released its 2026 interim earnings forecast, expecting net profit for the first half of the year to reach RMB 3.13 billion to RMB 3.371 billion, representing a year-over-year increase of 95% to 110%. Adjusted net profit is projected at RMB 2.43 billion to RMB 2.603 billion, up 110% to 125% year-on-year. The company reported approximately 60% year-over-year revenue growth, achieved through supply chain diversification and hedging against rising costs using financial instruments. In Q1 2026, it delivered 14.34 GWh of power batteries and 20.38 GWh of energy storage batteries, increases of 40.93% and 60.82% respectively compared to the same period last year. Additionally, Ningbo Genmono Technology Co., Ltd. (GENMONO) signed an agreement with Anting Town in Jiading District, Shanghai, to establish its national headquarters and sales settlement center in Anting, forming a dual-center layout with “headquarters in Shanghai and manufacturing base in Ningbo.” Founded in 2023, GENMONO specializes in automotive electronic smart actuators and embodied intelligent sensors, offering products such as body control modules, electronic exhaust valves for NEVs, high-pressure fuel tank control modules, and cell monitoring units. Its customer base includes central state-owned enterprises, joint ventures, new-energy vehicle startups, and leading Tier-1 suppliers. The project is expected to generate cumulative output value exceeding RMB 1.68 billion over five years, contributing more than RMB 100 million in economic value.