automotive industry Archives

COO of Huawei’s Smart Car Solution Business Unit Suspended

Huawei’s Smart Car Solution Business Units saw a number of personnel adjustments recently. Wang Jun, COO of the business unit and president of the intelligent driving solution product line has been suspended.

BYD Acquires an Internet Insurance Company for $530M

According to Chinese commercial information query platform Tianyancha, BYD's proposed acquisition worth 3.6 billion yuan ($530 million) for Yi'an Property Insurance Co., Ltd. was put in place on January 31. BYD will acquire 100% equity of the Internet insurance company.

Li Auto Sees Resignation from Multiple Departments and Lower Sales Expectations of First Pure EV

As the first electric vehicle maker with a monthly sales volume of over 20,000 units last year, Li Auto greatly reduced the year-end awards of employees. Affected by this, employees in many departments have left their jobs after the Spring Festival holiday.

BYD Qin Plus DM-i Champion Edition to Be Launched February 10

As a popular model in BYD's Dynasty series, the Qin Plus DM-i's Champion Edition will be launched on February 10. The new vehicle will be equipped with an 8.8-inch full LCD screen and feature a cruising range increasing from 1200km to 1310km.

XPeng Launches G9 SUV and P7 Sedan for Europe

On February 3, XPeng, a Chinese electric vehicle maker, launched its two latest smart EV models for European markets: G9 flagship SUV, and the new P7 sports sedan.

Geely-Backed EV Firm Zeekr Names Third Car “Zeekr X”

Geely-backed electric vehicle company Zeekr officially announced on February 3 that the name of its third vehicle model will be the "Zeekr X," also unveiling its appearance and body dimensions.

Chinese EV Industry Concludes Challenging January

Many Chinese electric vehicle manufacturers published their first performance reports of the new year on February 1. Affected by the recent Spring Festival holiday, delivery figures in January were generally unsatisfactory.

Tesla’s Revenue Growth in China Slowed Down Sharply in 2022

According to a document submitted by Tesla to the US Securities and Exchange Commission on January 31, the firm's total revenue in 2022 was $81.462 billion, up 51% year-on-year. Specifically, the Chinese market notched revenue totaling $18.145 billion, accounting for 22.27%.

Li Auto Founder Releases Vehicle Launch Plan, Lower Year-End Award Triggers Controversy

Li Xiang, the founder of Chinese electric vehicle Li Auto, revealed the cost positioning of each model on Twitter-like Weibo on January 30. However, behind last year's growth in delivery volume, many employees were disappointed about their year-end bonuses.

Geely Expects to Deliver 1.65 Million Vehicles in 2023

On January 28, Gan Jiayue, the CEO of Chinese automaker Geely, set the general tone for the development of the company in 2023, emphasizing "speed, pushing limits and unlimited imagination."

Geely Unveils Plan for Launch of New Cars in 2023

Chinese automaker Geely will launch new cars every month this year, more than 90% of which will be new energy vehicles, with the main goal of increasing the firm's market share.

NIO Veteran Zhou Xin Takes Over Whole Vehicle Engineering

Danilo Teobaldi has stepped down as vice president of automotive engineering for NIO, transferring to become the firm's chief engineer in Europe. Meanwhile, Zhou Xin, NIO's Executive Vice President and Chairman of Product Committee, will take over the post.

Founder of XPeng Summarizes Achievements and Problems in 2022

On January 18, Chinese electric vehicle maker XPeng held its annual meeting. He Xiaopeng, the firm's chairman, reviewed his five-year entrepreneurial journey from 2018 to 2022, reflected on the firm's performance in 2022, and shared its main plan for 2023.

BYD to Release New Small EV Model “Seagull”

Shortly after the launch of the U8, BYD's first luxury new energy vehicle, a new model named "Seagull" has been registered with China's Ministry of Industry and Information Technology.

Huawei’s Automaking Partner Seres Unveils New Model at Brussels Motor Show

Seres, Huawei's automaking partner, showcased its new energy vehicle model SERES 5 at the Brussels Motor Show on January 13, also signing contracts with more than 20 partners that accounted for more than 20,000 orders.

XPeng to Welcome New Marketing Leader

After implementing major organizational adjustments at the end of last year, the internal reform of XPeng is still in progress. Yi Han, a former Geely executive, will join XPeng as vice president after the upcoming Spring Festival holiday.

Geely Targets Sale of 650,000 NEVs in 2023

On January 9, Chinese automaker Geely announced its latest production and sales data. In December, its total sales volume of passenger cars was 146,000 units, down 8% year-on-year, among which the sales volume of new energy vehicles was 44,550 units, up 165% year-on-year.