Oliver Zipse, Chairman of the Board of Management of German automaker BMW Group, recently said that the company will continue to unswervingly take root in China and establish a stable win-win relationship with Chinese partners.
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.
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.
BMW and Envision AESC, a battery tech firm under Envision Group, reached a long-term cooperation agreement. Under the deal, Envision AESC will provide its next generation of lithium-ion batteries for BMW's new vehicle models from 2026.
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.
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.
A financial report for Chinese battery giant CATL released on October 10 showed that its net profits for the third quarter of this year are expected to total between 8.8 billion and 9.8 billion yuan ($1.22 billion - $1.36 billion), up 169% to 199% year-on-year.
Niutron, an EV maker established by Li Yinan, the founder of Chinese electric scooter firm Niu Technologies, unveiled its first model called the Niutron NV. One blogger's comparison between the new model and Li Auto's L7 was questioned by Li Auto's founder.
NIO's second sedan ET5 officially started delivery in cities including Shanghai and Suzhou. Aiming at the pure electric, mid-sized luxury vehicle market, the ET5 will compete against products such as the Tesla Model 3 and BMW 3 Series.
On September 28, BYD launched three models for the European market, including Han, Tang and ATTO3 (known as Yuan PLUS in China). The prices for these three models, however, are much higher than those in China.
German automotive maker BMW Group will use cylindrical cells in its Neue Klasse models starting in 2025. To meet cell demand, it has awarded cell production contracts to two Chinese battery manufacturers, CATL and EVE Energy.
News emerged on August 17 that EVE Energy will provide large cylindrical batteries for BMW's electric vehicles in Europe. The battery maker responded that it had obtained BMW's designated letter before, and the production line is currently under construction.
BMW Brilliance Plant Lydia, a newly built factory for the company in China, was officially put into operation on Thursday.
Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) will start supplying cylindrical cells to BMW from 2025 to power its new series of electric vehicles.
This year’s Consumer Electronics Show held in person in Las Vegas, Nevada has represented an important comeback for perhaps the most influential convention in the global tech industry.
According to the recall announcement of the Chinese State Administration for Market Regulation on Friday, BMW Brilliance Automotive Ltd. (BBA) recalled 1,974 domestic iX3 electric vehicles starting December 24.
On September 6, China's State Administration for Market Regulation (SAMR) releases a news on its website that BMW (China) Automobile Trading Co., Ltd. filed a recall program on September 5.
At about 2 p.m. on August 22, a Tesla Model S was suspected to have spontaneously combusted in the underground garage of a residential area in Guangzhou. The accident also affected other cars parked near the Tesla vehicle.
During a popular annual television program broadcast by state-run China Central Television on March 15 – which is also World Consumer Rights Day – several domestic and foreign brands were singled out for violations of consumer rights.
Great Wall Motors issued an announcement saying that the company's joint venture with BMW has obtained the "People's Republic of China Foreign Investment Enterprise Approval Certificate".