With the gradual economic recovery in China following the Spring Festival holiday and the COVID-19 outbreaks, electric vehicle sales showed growth in February.
On February 28, Geely rejected Changan Auto’s claim of intellectual property rights infringement following last week’s release of its new Galaxy model.
BYD will launch a personalized brand this year which currently has the internal code name of "F". The operation of this new brand will be independent from BYD's own system while the brand's first product will be an off-road vehicle.
At the 2023 NIO Battery Partner Forum held on February 24, the Chinese electric vehicle maker announced the commencement of construction of the first phase of its subsidiary industrial base in Hefei, Anhui Province.
Chinese electric vehicle maker Li Auto witnessed its revenue in the fourth quarter last year increase by 66.2% year-on-year to 17.65 billion yuan ($2.54 billion). Its 2022 revenue was 45.29 billion yuan ($6.53 billion), up 67.7% year-on-year.
Chinese electric vehicle maker BYD lowered the prices of its models for the first time this year in order to stabilize its existing market share and achieve higher sales targets.
Chinese carmaker Geely unveiled a new line of high-end electric cars on February 23 as part of a push to make up lost ground. The new Galaxy lineup will include seven models over the next two years, including four long-range hybrids and three pure electric cars.
Alpine, a sub-brand of Chinese electric vehicle maker NIO aimed at consumers with a budget between 200,000 yuan ($29,019) and 300,000 yuan ($43,528), will be rolled out through new sales channels.
BYD's high-end brand Yangwang held a media communication meeting on February 21 to further show its technology platform named e⁴, which takes the independent drive of four motors as its core focus.
Li Wenzhi, former head of Huawei's global human resources business partner department, reportedly joined Li Auto as CFO. However, the EV maker's founder said that Li joined the company to lead an office for the reform of management and finance, not serve as the CFO.
Recent rumors about Huawei's expansion into the smart car industry, including alleged severed partnerships and plans for factory construction, have once again cast the Chinese tech giant's most concerned business segment into the spotlight.
Zhou Xing, the marketing director of Xiaomi Auto, reportedly departed from the car-making division of the Chinese smartphone company several weeks ago.
Chinese electric vehicle maker NIO's new factory will be located in Chuzhou Economic Development Zone, Anhui Province, a province in the East of China, to produce EV models from the company's third brand.
In the last few months, Chinese electric vehicle maker WM Motor has experienced a series of upsets, such as internal salary reductions, headquarter layoffs, co-founder resignations and about 130 million yuan ($18.9 million) of assets being frozen.
On February 17, Geely’s electric automobile brand Zeekr denied recent accusations of sales fraud on social media. The Chinese company has already filed for a U.S. initial public offering.
The European Parliament formally approved a law to effectively ban the sale of new petrol and diesel cars in the European Union from 2035. This move may be more beneficial to Chinese independent auto brands.
News emerged on February 15 that Jia Yueting, founder of EV maker Faraday Future, was about to return to China from New York on February 18 on China Eastern Airlines' flight MU5171. The report was later denied by Faraday Future.
Denza, an electric vehicle subsidiary of BYD, officially released a winter test video on February 13, showing off two new SUV models for the first time. The video shows the five-seat SUV N7 and the medium and large-sized SUV N8, which are expected to be released within the year.
Chinese consumer electronics maker Xiaomi is close to obtaining approval for producing electric vehicles (EVs). Actually, since 2017, the application process and criteria for granting electric vehicle manufacturing licenses in China have tightened.
An accident involving a NIO vehicle in Shanghai has led to one death and one serious injury, sparking much discussion on Chinese social media. The electric vehicle suddenly accelerated onto the sidewalk during a prospective buyer's test drive.
