Editor’s Note
This report details claims by Neta Auto employees regarding a prolonged work stoppage due to salary issues and administrative changes. It references a recent bankruptcy filing for a related corporate entity. The situation highlights the ongoing pressures within China’s competitive electric vehicle sector.
Employees of Neta Auto have stated that due to salary issues, they have not been going to the company to work for two months. According to a report by Cover News, employees received a work-from-home notice, office access cards have been deactivated, and moving personal belongings requires approval from the administrative department. The report also notes that on June 19, a bankruptcy case was added for Hezhong New Energy Automobile Co., Ltd., an entity associated with Neta Auto, with the applicant being Shanghai Yuxing Advertising Co., Ltd. The case is being handled by the Jiaxing Intermediate People’s Court in Zhejiang Province. Qichacha data shows that Hezhong New Energy Automobile Co., Ltd. has over a hundred existing enforcement records, with total enforcement amounts exceeding 158 million yuan, along with numerous records of consumption restrictions, frozen equity, and terminated cases.
The Education Department of the Inner Mongolia Autonomous Region has responded to the public inquiry regarding actress Nar Naqian’s directed training incident. A staff member from a relevant department stated on June 20 that the matter is under investigation by relevant authorities, and there are no results yet. A unified response may be issued once conclusions are reached.
On June 19, an interactive video game titled ‘Gold Digger Game’ was launched on the Steam platform. The game, directed by Hu Yaohui and developed by Qianfang Studio, claimed its design was based on the real experiences of the creative team. Its ‘Mutual Aid Message Board’ feature, intended as a ‘warm mutual aid camp for male players,’ sparked controversy for allegedly inciting gender opposition and stigmatizing women. On the game’s launch day, the director’s Bilibili account was banned.
The Financial Times reported on June 19 that Foxconn is planning its first local production of iPhone metal frames in India to consolidate its position in Apple’s India manufacturing strategy. Citing the blog post, IT Home reported that Foxconn’s Sriperumbudur facility in India is primarily responsible for iPhone assembly, the Hyderabad facility for AirPods production lines, and a Bangalore facility is即将投入运营. The latest news indicates Foxconn plans to establish a new plant in the ESR Industrial Park in Oragadam, Tamil Nadu, dedicated to producing iPhone metal frames. Previously in India, only Tata Electronics supplied these, which recently became Apple’s partner for iPhone and MacBook repairs in India.
SoftBank Group founder Masayoshi Son is seeking cooperation with TSMC to realize his biggest bet yet—establishing a trillion-dollar industrial park in Arizona to produce robots and artificial intelligence. People familiar with Son’s thinking revealed that he envisions building a massive manufacturing center similar to Shenzhen, China, to bring high-tech manufacturing back to the United States. TSMC has already planned a $165 billion investment in the US and has begun mass production at its first factory in Arizona.
At the 2025 MWC Shanghai Intelligent Data Center Summit held on June 20, Dai Wei, Senior Vice President of Lenovo Group and General Manager of the China Solution Services Business Group, stated that hybrid artificial intelligence is the inevitable path to achieving AI inclusivity. It is understood that Lenovo’s hybrid AI advantage set covers the entire process of customer AI application implementation, including five capability layers: hybrid infrastructure, enterprise data and knowledge base, model factory, agent platform, and AI services. Based on these five layers, Lenovo can develop general and vertical industry solutions with rich model tools and modular design, forming an AI solution application library that meets security and ESG requirements.
South Korea’s Ministry of Science and ICT stated on Friday that SK Group and Amazon’s cloud service provider AWS will invest approximately 7 trillion won (about $5.1 billion) to establish a data center in the southern city of Ulsan, including $4 billion from AWS.
On the morning of June 19 local time, Iran launched ballistic missiles at Israel again, with one missile landing near the Israel Diamond Exchange in Ramat Gan. The massive destructive force caused significant damage to nearby buildings, shattering large areas of glass facades including that of the Diamond Exchange. The Israel Diamond Exchange is the world’s largest, and diamond processing is one of Israel’s monopoly industries. The strike on the diamond trading center may impact Israel’s diamond industry. The attacked area, Ramat Gan, is one of Israel’s main manufacturing centers, hosting numerous financial trading institutions and is the largest satellite city in the Tel Aviv metropolitan area.