automotive industry Archives

Porsche China Denies Reports of Layoffs

Luxury car manufacturers accustomed to developing global products may find it challenging to introduce products using the same old model in China and need to make subtle adjustments to meet the discerning demands of Chinese luxury car consumers.

Tesla Cybertruck Getting Closer to Entering Chinese Market

While Tesla Cybertruck passed the energy consumption calculation declaration, it is just one of the many requirements for a car to enter the Chinese market.

Geely-backed EV Brand Jiyue Faces Business Collapse, with Sudden Large-Scale Layoffs and Multi-Debt Defaults

On December 11th, Xia Yiping, CEO of the Chinese electric car brand Jiyue, sent out an internal message to his employees admitting that the company is currently "facing challenges and needs to make immediate adjustments".

iMotion and Horizon Robotics to Develop Comprehensive Intelligent Driving Solution Using J6E

Chinese autonomous driving solution provider iMotion will strategically collaborate with Horizon Robotics to develop an intelligent driving solution based on the Horizon Journey Series 6E chip.

CATL’s Third European Battery Plant Lands in Spain

On December 10th, CATL and Stellantis, the world's fourth-largest automotive group, inked a deal, each holding a 50% stake to form a joint venture.

Neta Auto CEO Speculated to Have Resigned

On December 2, Neta refuted rumors about Zhang Yong's resignation. A Neta Auto representative stated, "He is still with the company and has not resigned. The company's operations continue as usual."

General Motors Addressed Rumors of Its Restructuring in China Amidst Market Challenges

GM's Jim Cain is cautiously optimistic about regaining profitability in Chinese ventures with SAIC Motor, without additional GM investment.

Polestar and Zeekr Integration Temporarily Halted

Polestar is much smaller than Lynk & Co, but compared to the integration between Lynk & Co and Zeekr, the merger between Polestar and Zeekr faces greater challenges and more internal disputes.

BYD’s Demand for Supplier Price Reduction Met with Backlash

A letter circulating on Chinese social media criticizes BYD Passenger Cars' request for a 10% cost reduction from its suppliers, arguing that this practice violates business ethics, potentially jeopardizing the long-term interests of the domestic automotive industry.

Former Employee Exposes Great Wall Motors’ Massive Layoffs

A former employee of Great Wall Motors recently accused the company of large-scale layoffs, impacting hundreds of employees. The company allegedly orchestrated these layoffs through non-consensual job reassignments and pay cuts. The informant claimed that she was transferred from a technical role to a warehouse management position based on the grounds that she had received […]

Xpeng Aeroht’s Land Aircraft Carrier Successfully Completes Manned Maiden Flight

Xpeng Aeroht recently completed the first manned test flight of the "Land Aircraft Carrier" flying body, with founder Zhao Deli leading the "Executive 5000 km Test Flight" plan.

Xpeng Denies Private Negotiations with the European Union

Xpeng spokesperson reiterated that "Xpeng has not had any private negotiations with the EU", in response to market rumours following an interview He Xiaopeng took at the Paris Auto Show.

BYD Secures Order for 120 Electric Buses from South Africa; First Batch Rolls Off the Production Line

BYD has recently celebrated the roll-off of the first 20 units from a 120-bus order destined for South Africa.

Pony.ai Could Become the First Global Robotaxi Stock

Founded in 2016, Pony.ai provides autonomous driving technology and solutions. If the listing is successful, Pony.ai will become the first Robotaxi stock in the market.

Neta Auto Responded to Rumors of Employee Salary Delays

In the past two years, Neta Auto has also started to focus on overseas markets to seek new growth opportunities, establishing factories and subsidiaries in Thailand, Indonesia, and Malaysia.

Responses from Intel, Tesla, Navinfo and Zeekr Regarding National Security Concerns

In addition to Intel and Tesla, autonomous driving companies in China, including Navinfo and Zeekr, have publicly denied any involvement in the illegal mapping incident.

Xpeng P7+ Set for Global Debut, Claimed to Offer the Most Spacious Sports Sedan Under 300,000 Yuan

The Xpeng P7+ is a completely new model, rather than a successor to the P7. One of its standout features is the implementation of the "AI Eagle Eye," a pure visual intelligent driving solution.

Fire Breaks Out at CATL’s Battery Factory

On the afternoon of September 29, a fire broke out at the Z base production workshop of CATL located in Jiaocheng District, Ningde City, Fujian Province.

NIO Secures New Strategic Investment Worth of 33 Billion Yuan

NIO has expressed that this new round of capital increase is a testament to the strategic investors' recognition of NIO's leading position in the industry.

Chinese EVs Surge in South Korea Amidst Domestic Sales Slowdown

According to a report released by the Korea Institute for Industrial Economics & Trade (KIET) on September 10th, electric vehicles produced in China are rapidly rising in the South Korean market, accounting for 33.1% of the market share.

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