Rumors have circulated that CATL, China's top power battery manufacturer, faced opposition from Hungarian locals over environmental concerns and that the construction of its second European factory has been halted.
Chinese battery giant CATL occupies 49.1% of the total market share, ranking first, with a installed capacity of 8092MWh, according to a report released by the China Passenger Car Association (CPCA) and Kerui Consulting.
A patent named "Foldable Device Equipped With Flexible Screens" applied for by Shenzhen-based automobile manufacturer BYD was published on December 23.
JAC Motors, a Chinese automobile and commercial vehicle manufacturer, announced on December 22 that it plans to acquire some of the project assets (including equipment and tooling assets) held by a subsidiary of NIO in China's Anhui Province.
Gotion Hi-Tech, a leading Chinese battery firm, signed an agreement on December 15 with Nuovo Plus, an energy solutions company under the Petroleum Authority of Thailand, involving the establishment of a joint venture called NV Gotion Co., Ltd.
The progress of Xiaomi's vehicle manufacturing project is reportedly falling short of expectations, which may eventually lead to lower product competitiveness.
Li Auto announced on November 27 that due to a supply shortage of core auto parts, vehicles that should have been delivered at the end of November as shown in the firm's mobile app will be postponed until December.
Geely, one of China's leading private automotive technology groups, announced on November 17 that it has signed an agreement to license its pure electric Sustainable Experience Architecture (SEA) to ElectroMobility Poland (EMP), an electric vehicle manufacturer backed by the Polish government.
Liu Jincheng, the chairman of leading Chinese battery firm EVE Energy, predicted that there will be overcapacity across the whole battery chain in 2024 at the latest, and only battery products with high quality and low cost will be spared.
Sinopont, a Chinese solar encapsulant film manufacturer, announced on November 16 that it has completed round-D financing worth several hundred million yuan. Source Code Capital participated in this round of investment.
The Zhengzhou plant of Foxconn in Henan Province, China, was recently affected by the COVID-19 pandemic. Some local governments have been asked to get involved and take the lead in supporting work at Foxconn for a period ranging from 1 to 6 months.
OFilm, AAC Technologies, Lens Technology, Compal, GoerTek, and others, have made great achievements because they entered Apple's supply chain. However, once out of the chain, enterprises are often abandoned by the stock market.
GoerTek, a China-based Apple supplier, has lost a major order to produce AirPods Pro 2. Ming-Chi Kuo, an analyst at TF International Securities, wrote on November 9 that this development is most likely due to production issues rather than demand issues.
On November 8, Atech Automotive (Wuhu) Co., Ltd., a smart vehicle equipment manufacturer, announced the completion of a new Round C financing deal exceeding 500 million yuan ($69 million). Hubei Xiaomi Changjiang Industrial Investment Fund Management is one of the lead investors.
Chinese battery manufacturer CALB announced on November 3 that it has signed a memorandum of understanding with a subsidiary of the Portuguese Agency for Investment and Foreign Trade.
Foxconn, the Taiwan-based leading iPhone assembler, issued a statement at midday on October 26 saying that "reports of 20,000 people diagnosed with COVID-19 at the Zhengzhou Industrial Park, Henan Province" circulating online were "seriously false information."
Leading Chinese new energy vehicle and battery firm BYD announced on October 21 that its cumulative output of photovoltaic modules in Brazil has exceeded 2 million.
Young Liu, Chairman and CEO of Taiwan-based electronics manufacturing giant Foxconn, affirmed during the firm's annual Hon Hai Tech Day on October 18 that "I hope one day we can produce electric cars for Tesla."
