Li Auto announced on November 27 that due to a supply shortage of core auto parts, vehicles that should have been delivered at the end of November as shown in the firm's mobile app will be postponed until December.
The fourth LTA-UITP Singapore International Transport Congress and Exhibition (SITCE 2022) was held from November 2 to 4. During the event, Chinese new energy vehicle manufacturer BYD unveiled Singapore’s first Blade Battery-powered bus, the B12A03.
Chinese automated driving startup WeRide reached an agreement on October 25 with HTWO, a hydrogen fuel cell system brand under Hyundai Motor, and Guangzhou Hengyun Enterprises Holding to cooperate in the field of hydrogen-powered unmanned driving.
Compared with the heads of other Chinese auto firms, Wei Jianjun, Founder and Chairman of Great Wall Motor (GWM), tends to operate in a very low-key manner, but the new energy business map he has been developing is impressive.
The China Passenger Car Association estimated on October 24 that retail sales of passenger cars in China this month would be about 1.91 million units, up 11.4% year-on-year, among which the retail sales of new energy vehicles would be about 550,000 units.
A Shanghai subsidiary of Evergrande New Energy Vehicle Group (Evergrande Auto) recently released details about it having become a judgement debtor, as well as regarding consumption restriction orders.
European enterprises are increasing their investment in China one after another. In the field of automobile manufacturing, the increasing pace of foreign investment is more apparent.
China's automobile export volume in September was 301,000 vehicles, up 73.9% year-on-year. Since August this year, the monthly export volume of Chinese automobiles has exceeded 300,000 vehicles.
According to data released by the China Passenger Car Association, the cumulative retail share of Chinese car brands in the first three quarters of this year was 47.0%, up 7.5% year-on-year. International luxury brands and joint ventures are now showing downward trends in China.
The Shanghai municipal government announced on September 21 that the city's first batch of fuel cell vehicles for ride-hailing will be put into operation by the end of this month.
Li Auto previously confirmed it would stop production of Li ONE as it prepares to launch an updated version named the Li L8, accompanied by a price reduction promotion. This series of moves angered many Li ONE consumers who had just bought the car at the original price.
On September 15, Chinese automobile marque Baojun, a joint venture under SAIC-GM-Wuling, launched the 2023 KiWi EV. The most striking thing about the new model is that it is equipped with DJI's vehicle-mounted intelligent driving system "Lingxi."
On September 13, the topic of "Li Auto's President cashed out over 90 million yuan ($12.9 million)" aroused a firestorm of debate in China.
Many Chinese battery firms have recently announced their construction of new overseas factories. In September, CATL and SVOLT revealed that they would build their second overseas battery factory in Europe.
According to the post by an automotive industry blogger on September 6, the one millionth passenger car of BYD so far in 2022 has officially been shipped, and company founder Wang Chuanfu celebrated this achievement with employees on the scene.
In response to recent rumors that Subaru China, a joint venture automobile brand, is considering withdrawing from the Chinese market, an official statement was issued on August 30, denying the rumor and reaffirming its close attention to the Chinese market.
Cui Dongshu, Secretary General of the China Passenger Car Association, posted to his public WeChat account on August 29, saying that the global trend of new energy passenger cars will remain strong in 2022.
Chinese automaker BYD is expected to release a new high-end brand in Q4 of this year targeting the market priced above 1 million yuan ($145,936).
Recently, some netizens posted on Chinese social media platforms that the new energy quota approval for XPeng's P7 and P5 models has been stopped since July, due to its violation of Shanghai New Energy Office's policies.
China will extend its exemption of new energy vehicles from purchase taxes to the end of 2023, according to results of the State Council executive meeting on August 18. This is the third time that China has extended the policy.