On May 20, the Ministry of Trade, Industry and Energy of South Korea stated that the government delegation will conduct the second "technical consultation" with the Office of the United States Trade Representative in Washington, D.C., from May 20 to 22 regarding "reciprocal tariffs" and tariff reduction issues for key categories such as steel, automobiles, and semiconductors. The two sides of South Korea and the United States will discuss six core areas including trade balance, non-tariff barriers, economic security, digital trade, rules of origin, and commercial considerations.

On May 20, Honda released a statement saying that in view of the recent slowdown in the electric vehicle market, Honda adjusted its product launch plan, and expects that the proportion of electric vehicle sales will be lower than the previously announced 30% target by 2030. On the other hand, the current market demand for hybrid vehicles is very high, so Honda will further strengthen its hybrid product line and plan to launch 13 next-generation hybrid models globally in four years from 2027. Honda said that it strives to increase total vehicle sales by more than 3.60 million vehicles by 2030, of which the sales target of hybrid vehicles will increase by 2.20 million. In addition, due to the delay in the establishment of an integrated electric vehicle value chain project in Canada and the adjustment of the construction time of the dedicated electric vehicle factory, Honda decided to reduce the planned investment amount to 7 trillion yen by fiscal year 2031 from the previous 10 trillion yen.

On May 19, according to US media reports, Nvidia President and CEO Huang Renxun made a statement on the latest move by the United States to tighten chip exports to China. He said that the US ban on Nvidia's H20 chip exports to China is "deeply painful", and Nvidia will also reduce sales by 15 billion US dollars. In addition, Huang Renxun believes that the relevant restrictions are short-sighted actions, which will help China's technological development in the long run.

On May 19 local time, Waymo, the self-driving subsidiary of Google, said it had received approval from California to expand its self-driving taxi service to more areas of the San Francisco Peninsula and further south, including San Jose. However, Waymo said it would not immediately expand its service in the San Francisco Bay Area.

On May 20th, according to South Korean media reports, Hyundai Motor's Ulsan No.1 Plant will suspend the production of electric vehicles IONIQ 5 and KONA Electric from the 27th to the 30th of this month. This is the third time the company has suspended the production of electric vehicles in South Korea this year.

Industry sources said that FAW-Volkswagen will adjust its organizational structure, involving multiple departments such as marketing, service, and user operation. The core goal of this adjustment is to enhance user service and product marketing capabilities. The authority and personnel scale of the customer experience department will be expanded. Some functions of marketing and user operation will be incorporated into the customer experience department, and the product team will also be expanded. The purpose of the adjustment is to transform functions, integrate the originally scattered functions of marketing, service, and customer operation, and provide support for future new energy vehicles. 

On May 20th, according to the official website of China FAW, since the launch of the Bestune Pony, with its differentiated positioning of "trendy, fun, and cute pet", it has quickly become a phenomenon-level model in the micro pure electric vehicle market. So far, its cumulative sales have exceeded 100,000 units.