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.
On November 8, XPeng Aeroht, a flying car company owned by XPeng, reached a strategic partnership with four banks which will jointly provide credit lines totaling 6 billion yuan ($827 million) to the company to support its R&D and manufacturing of flying cars.
BYD's high-end brand is tentatively scheduled to be officially launched in the first quarter of 2023, with the price of the first model exceeding one million yuan ($137,678).
Geely Holding and its subsidiary Geely Auto signed a non-binding framework agreement with French automotive giant Renault Group regarding the creation of a new company to develop, manufacture and supply hybrid powertrains and highly efficient ICE powertrains.
Zhong Yilin, vice president of BYD's automotive engineering research institute, said that the sales volume and penetration rate of intelligent vehicles on L2 and above in China increased rapidly, which was 24.5 times higher than that in 2017.
Henry Xia, President and Co-founder of Chinese electric vehicle maker XPeng, denied rumors on November 6 that the company may be considering adopting an extended-range power system in the future.
At the fifth China International Import Expo (CIIE), which opened on November 5, Tesla displayed its Model 3, Model Y, Model S Plaid, Model X Plaid, and Tesla Bot, a conceptual general-purpose robotic humanoid.
At the 2022 Huawei Developer Conference held on November 4, the Chinese tech giant announced that it will release the HarmonyOS 4 next year and that Alipay, an online payment platform, has been officially connected to the HarmonyOS Ecology.
With the arrival of the "Double 11 Shopping Festival", many Chinese automobile companies, such as Leapmotor, NETA Auto and AITO, have launched preferential policies with values as high as 13,000 yuan ($1,793) for vehicle purchases.
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.
Polestar Automotive, a Swedish electric vehicle brand backed by Geely, announced on November 3 that it has received further commitments for financial and liquidity support from Volvo Cars and PSD Investment.