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On August 22, Chinese automaker Great Wall Motor announced at a new energy strategy conference in Beijing that its sub-brand HAVAL will stop selling fuel-powered vehicles before 2030.
At the 2022 World New Energy Vehicle Congress on August 27, Zhu Huarong, the chairman of Changan Automobile, said that the Chinese auto industry is primed to have the basic conditions to stop selling fuel cars.
Starting from September 7th, FAW-Volkswagen will expand the recall of certain imported A8L, RS7, S6, and S7 vehicles produced between November 4th, 2013 and October 22nd, 2015.
Over the past two years, a steady decline in the capacity utilization rate among traditional automakers has become an intensifying industry-wide trend, due to the rapid development of the new energy vehicle market.
The European Parliament formally approved a law to effectively ban the sale of new petrol and diesel cars in the European Union from 2035. This move may be more beneficial to Chinese independent auto brands.