China's automobile and coffee industries have been getting closer and closer lately. In October of this year, domestic electric vehicle maker NIO applied for several trademarks related to coffee in a bid to search for new growth points.
Half a year has transpired since Chinese electric vehicle startup WM Motor submitted its application for a public listing, but a lack of progress with those plans has caused it to consider alternative paths, such as reverse merger.
With its advantages in automobile manufacturing and preferential tariff policies, Thailand is emerging as an important destination for China's new energy vehicle makers to begin exploring international markets.
Even if fuel cell vehicles never catch up with battery-based alternatives, they still just might find a few wide-open lanes.
Leading Chinese electric vehicle firm BYD announced earlier this month that it will launch a new high-end automotive brand called Yangwang. A series of spy shots showing the first model of this brand was unveiled on November 24 in China.
Following recent cuts made by Tesla to its electric vehicle prices in the Chinese market, BYD announced on November 23 that it will increase the prices of its Dynasty series, Ocean series and Denza vehicles, ranging from 2,000 yuan ($279) to 6,000 yuan ($838).
On November 22, Chinese electric vehicle maker BYD denied recent rumors that its solid-state batteries are about to be loaded into vehicles and that its sodium-ion batteries are entering the test stage.
EHang Holdings, a leading autonomous aerial vehicle technology company based in Guangzhou, announced on November 21 its participation in a European Union-funded project called "SBAS (EGNOS) Adoption in Multicopter VTOL Aircraft" (SAMVA).
Chinese electric vehicle maker XPeng has recently made a round of adjustments with its P7, P5 and G3i series by reducing the number of models but retaining current configurations and retail sticker prices.
Chinese electric vehicle maker BYD announced on November 21 that it has signed an order for 64 electric buses with Nobina, the largest bus operator in Northern Europe. These vehicles are scheduled to be delivered in the second quarter of 2023.
Geely, one of China's leading private automotive technology groups, announced on November 17 that it has signed an agreement to license its pure electric Sustainable Experience Architecture (SEA) to ElectroMobility Poland (EMP), an electric vehicle manufacturer backed by the Polish government.
A fire broke out on November 18 at a BYD factory in the Chinese city of Huizhou, Guangdong Province. No casualties were reported and no inflammable or explosive materials were found in the building, which has a steel frame structure.
Recently, the unknown white particles floating out of the air conditioner outlet of BYD's Dolphin model has caused some discussion. As a result, nearly 400 consumers in Wenzhou City, Zhejiang Province went in a group to local regulators to complain about the Chinese EV maker.
Liu Tao, the co-CEO of Alibaba-backed IM Motors, commented on a recent fatal incident involving a Tesla vehicle in China. The executive believed that the Amercian EV maker had resorted to incredible excuses and even caused vehicle owners to monitor brake pedals with cameras.
On the evening of November 17, Voyah, a high-end new energy vehicle brand under Chinese state-owned automobile manufacturer Dongfeng Motor, announced its completion of round-A financing.
Geely's electric vehicle brand Zeekr announced on November 17 that its M-Vision concept car will be mass-produced in 2024. Meanwhile, a driverless car jointly developed by Zeekr and Waymo, an autonomous driving company, also officially appeared in Los Angeles.
Chinese electric vehicle maker XPeng Motors delivered 5,101 units in October, an annual decrease of 49.7% and a quarterly decrease of 39.8%. In the capital market, the firm's performance has been even worse.
At a press conference on November 16, Wang Chuanfu, Chairman and President of Chinese EV firm BYD, said that in addition to its new high-end vehicle brand Yangwang, the company will also launch a professional and personalized brand in 2023, which will be built and created together with BYD customers.
Recent years have witnessed a new generation of electric vehicle companies chip away at China's auto market share, and traditional car firms are gradually conforming to the trend with the launch of their own new energy sub-brands.
After Tesla launched its "price reduction promotion" in China, the market began to wait and see whether other new energy vehicle brands would follow suit. Recently, XPeng Motors, a Chinese new energy vehicle manufacturer, seemed to follow the move.