BYD, a Shenzhen-based new energy vehicle giant that has been continuously entering new overseas markets lately, announced on October 20 that its Dynasty series SUV model, the Yuan Plus, has recently been launched in Colombia.
Chinese automaker GAC Group announced on October 20 that its subsidiary GAC Aion has completed round-A financing of 18.294 billion yuan ($2.42 billion) from a total of 53 strategic investors, boosting its post-investment valuation to 103.294 billion yuan.
From October 20 this year until March 31 next year, the city of Sanya, Hainan Province, will provide a gradient subsidy for the promotion of new energy vehicles supporting battery swapping, with up to 10,000 yuan ($1,381) for a single vehicle.
In recent years, traditional Chinese car enterprises such as Great Wall Motor, BYD and Geely have made persistent efforts in the field of plug-in hybrid vehicles, opening up new space for the further development of new energy vehicles.
Chinese new energy vehicle and battery giant BYD formally reached a strategic cooperation agreement on October 18 with the Brazilian division of Santander, a leader in the domestic auto finance industry.
Xiaomi founder Lei Jun shared his thoughts on the global electric vehicle industry on October 19, writing on Twitter that the only way for Xiaomi to succeed is to be among the top five leading brands, shipping more than 10 million cars annually.
Xiaomi Auto's factory is expected to obtain an automobile production qualification from June to July 2023, a big move for the company's mass-production plans.
BMW will invest another 10 billion yuan ($1.38 billion) to expand its high-voltage battery production center in China's northeastern city of Shenyang, and that it will generally increase investment in battery projects in the country.
After commencing vehicle sales in Thailand, Laos, India and Nepal, Chinese new energy automobile giant BYD on October 16 joined hands with Mongolian dealer MSM Group to introduce the BYD Yuan Plus electric SUV to the domestic market.
Young Liu, Chairman and CEO of Taiwan-based electronics manufacturing giant Foxconn, affirmed during the firm's annual Hon Hai Tech Day on October 18 that "I hope one day we can produce electric cars for Tesla."
Chinese automaker Great Wall Motor showcased various new energy vehicle models at the Paris Motor Show on October 17, including the WEY Mocca PHEV (Coffee 01), Latte PHEV (Coffee 02), ORA Funky Cat, ORA Funky Cat GT, and Lightning Cat, among others.
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.
Chinese electric vehicle maker BYD announced on October 17 that it expects net profits in the third quarter to reach between 5.505 billion and 5.905 billion yuan ($764.79 million - $820.36 million), an increase of 334%-365% from the same period last year.
Recently, FAW-Volkswagen, Mercedes-Benz and other car companies have trended on Chinese social media because of their pop-up advertisements displayed in their vehicle systems. In fact, Great Wall Motor's HAVAL and NIO car owners have posted a few times about the same problem.
As autonomous driving becomes more popular and easy to use, first-tier cities in China such as Beijing, Shanghai, Guangzhou and Shenzhen are striving to secure leading companies to settle in with supporting policies.
Chinese leading automaker BYD participated in the 2022 Paris Motor Show that opened on October 17, showing the company's Han EV, ATTO 3 (known as Yuan Plus in China), Tang and Seal models.
NETA Auto, a new energy vehicle brand under Chinese firm Hozon Auto, signed a strategic cooperation agreement with Myanmar Grand Sirius Company Limited (GSE) on October 10, marking its official entrance into the Southeast Asian country.
German auto company BMW Group said that the Oxford factory will suspend the production of electric vehicles, but will not stop the production of MINI models.
