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BMW Group signed a memorandum of understanding with CATL to enhance sustainability in battery supply chains, aiming to lower lifecycle carbon footprints of electric vehicles. BMW has invested over RMB 120 billion in China, emphasizing its localization strategy with the debut of the BMW iX3 in April 2026.

Separately, XPENG announced plans to build a humanoid robot production base in Guangzhou and signed a cooperation agreement with the Tianhe District government. Bethel Automotive plans to acquire a 50.9727% stake in Yubei Steering for up to RMB 1.1214 billion to enhance synergies in the automotive industry.