A fire broke out on November 18 at a BYD factory in the Chinese city of Huizhou, Guangdong Province. No casualties were reported and no inflammable or explosive materials were found in the building, which has a steel frame structure.
Vingroup, the largest private enterprise group in Vietnam, issued a statement on November 18 announcing that the joint venture factory between its battery company, and Gotion High-Tech, a Chinese battery manufacturer, broke ground.
Recently, the unknown white particles floating out of the air conditioner outlet of BYD's Dolphin model has caused some discussion. As a result, nearly 400 consumers in Wenzhou City, Zhejiang Province went in a group to local regulators to complain about the Chinese EV maker.
Liu Tao, the co-CEO of Alibaba-backed IM Motors, commented on a recent fatal incident involving a Tesla vehicle in China. The executive believed that the Amercian EV maker had resorted to incredible excuses and even caused vehicle owners to monitor brake pedals with cameras.
On the evening of November 17, Voyah, a high-end new energy vehicle brand under Chinese state-owned automobile manufacturer Dongfeng Motor, announced its completion of round-A financing.
Geely's electric vehicle brand Zeekr announced on November 17 that its M-Vision concept car will be mass-produced in 2024. Meanwhile, a driverless car jointly developed by Zeekr and Waymo, an autonomous driving company, also officially appeared in Los Angeles.
Recent years have witnessed a new generation of electric vehicle companies chip away at China's auto market share, and traditional car firms are gradually conforming to the trend with the launch of their own new energy sub-brands.
ECARX, a mobility technology company, announced on November 14 that it has entered into an agreement with SPDB International (Hong Kong) Limited and CNCB (Hong Kong) Investment Limited for $65 million of convertible senior notes due in 2025.
During the ongoing G20 Leaders' Summit in Bali, Indonesia, auto companies from China, Japan and South Korea offered 836 pure electric vehicles to the Indonesian government, 300 of which were from Chinese automaker SAIC-GM-Wuling's local subsidiary.
A Tesla vehicle in China crashed recently after it suddenly lost control. The question of whether or not the driver pressed the brake pedal has become a controversial issue. This incident has sounded the alarm for many Tesla car owners, one of whom has installed cameras to monitor its braking system.
The bankruptcy of GAC-FCA, a joint venture established by Netherlands-based automaker Stellantis and China's GAC Group, in late October triggered a dealers' rights protection campaign.
Xiaomi's vehicle manufacturing business has been established for more than a year now, and related rumors have emerged one after another from within the industry.
KH Automotive Technologies, a supplier of air suspension systems for passenger cars, announced on November 14 its completion of round-B financing totaling 510 million yuan ($72 million).
A Tesla Model Y in Chaozhou, China's Guangdong Province was recently suspected to have lost control while driving at a high speed for 2.6 kilometers, causing two deaths and three injuries. The maximum speed of the vehicle reached 198 km/hour.
On November 11, documents on the Hong Kong Stock Exchange (HKEx) showed that Berkshire Hathaway, founded by Warren Buffett, reduced its holdings of more than 5.78 million BYD shares at HK $196.99 on November 8, and its shareholding ratio dropped to 16.62%.
HoloMatic, an autonomous driving technology company in China, announced on November 11 that it had completed a C2 round of financing, led by GAC Capital and followed by Zhidu Investment and Chaos Investment.
On November 10, Chinese electric vehicle maker NIO released its financial report for the third quarter of 2022. The company achieved revenue of 13.002 billion yuan ($1.81 billion) in the period, up 32.6% year-on-year and achieving positive growth for 10 consecutive quarters.
Internal adjustments to the organizational structure of Chinese electric vehicle maker XPeng are nearing an end, and some departments have implemented small-scale layoffs.
NIO's ET7 electric vehicle model was granted this year's Golden Steering Wheel award in the "Medium and Upper Class" category by German magazine Auto Bild on November 9, becoming the first car from a Chinese firm to win the award.
China's auto market experienced challenges in October. Tesla's late October price reduction in China raised questions regarding whether or not there will be price reductions by other new energy vehicle enterprises in the country.