China Auto News @AutoCango
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Li Auto Collaborates with Covestro for Advanced Smart Materials
Li Auto and Covestro have forged a strategic partnership to develop advanced automobile materials, enhancing sustainability and innovation for future mobility.
Neta Auto Signs Deals to Launch NEVs in Mexico
Neta Auto will introduce its intelligent NEVs to the Mexican market in Q4 2024 following agreements with MMAV Mexico and other key partners.
World EV Sales Analysis July: Top Models
Cleantechnica released its ‘World EV Sales Report,’ revealing a 22% year-on-year rise in global EV sales with 1,344,000 units sold in July 2024.
NIO Achieves Record Quarterly Deliveries, Q2 Earnings Exceed Expectations
NIO Inc. reported Q2 2024 revenue of 17.446 billion yuan ($2.4 billion) with record deliveries of 57,373 units, showing a 98.9% year-over-year increase.
BYD Debuts Yuan UP in Ecuador’s Automundo Auto Show
BYD introduces its Yuan UP, known locally as the BYD Yuan Pro, at the Automundo Auto Show in Quito, Ecuador, featuring advanced electric vehicle technology.
News Flash丨China’s Vehicle Exports Surge 25.4% YoY in 2024
China's vehicle exports reached 3.484 million units from January to July 2024, representing a 25.4% year-over-year increase.
Changan Auto Accelerates Middle East and Africa Expansion
Changan Auto holds its 2024 brand event in Riyadh, Saudi Arabia, unveiling advanced new energy vehicles and outlining plans for service upgrades and regional expansion.
News Flash丨Changan Targets Global Growth, Sets Up German Subsidiary in Munich
Changan establishes its German subsidiary in Munich to boost its European market presence under the "Vast Ocean" globalization plan.
China's NEV Start-ups August Sales: Leapmotor Surpasses 30,000 Units, HIMA Struggles Behind Li Auto
Chinese NEV start-ups released their August sales data, showing Leapmotor breaking 30,000 units while HIMA lags behind Li Auto. Divergent trends emerge between first and second-tier automakers.
XPENG AeroHT Unveils Land Aircraft Carrier Under $280,000
XPENG’s AeroHT announces its modular flying car, Land Aircraft Carrier, with deliveries scheduled for 2026, priced under 2 million yuan (~$280,000).
MONA M03 Launch: Unbeatable Value Starting at RMB 119,800
XPENG launches the MONA M03 at its 10th Anniversary, offering advanced features at competitive prices. Within 48 hours, it garnered 30,000 firm orders, making a mark in the A-segment market.
News Flash丨CPAC: China's August NEV Sales Surge by 48%
China's NEV sales from August 1-25 hit 718,000 units, achieving a 55.02% penetration rate, reflecting a 48% YoY increase.
Neta S Shooting Brake Launches with Advanced Tech and Competitive Pricing
Neta S shooting brake launches with BEV and EREV versions in six variants, starting at RMB 159,900. It targets young drivers with advanced features and competitive pricing.
GAC's Hyptec Launches Groundbreaking Quark Electric Drive 2.0
GAC-backed Hyptec’s Quark Electric Drive 2.0 has broken three world records for mass-produced motors, boasting 98.5% efficiency and groundbreaking use of amorphous alloy materials.
Powered by e³ Platform, DENZA Z9GT Started Pre-Sales at RMB339,800 to RMB 419,800
Denza launched its e³ platform and Z9GT at the 2024 DENZA TECH DAY. With impressive pre-sales and luxurious features, Denza aims to capture the luxury sedan market.
Xiaomi Q2 2024: Revenue Soars, Car Business Gains Momentum
Xiaomi’s Q2 2024 financial report highlights a revenue of RMB88.9 billion and significant growth in its car business, which now contributes RMB6.4 billion.
News Flash丨SAIC Unveils Teaser for Second-Generation Hybrid MG ZS, Launch in October
SAIC releases teaser images for the new hybrid MG ZS launching in Europe and Australia on August 28, with an October release.
Top-Selling Car Models in China: BYD Leads in All Categories
July 2024 saw significant growth in China's auto market with BYD leading sales. Li Auto entered the top 10 for the first time. NEV sales surged 36.9% year-on-year.
XPENG Sees 60.2% YoY Revenue Surge in Q2 2024
XPENG's Q2 2024 results show a 60.2% revenue increase to RMB8.11 billion and a significant rise in vehicle deliveries, attributed to strong sales, innovation, and partnerships with VW.
China's Passenger Car Exports to Reach 5.36 Million Units, CITIC Securities Predicts
CITIC Securities forecasts a robust 2024 for China's passenger car exports, predicting 5.36 million units. Key growth regions include the Middle East. First-half exports reached 2.51 million vehicles.
Neta Auto Expands Globally with 1,000 Neta X Vehicles Shipping to Central & South America, Southeast Asia
Neta Auto is set to ship 1,000 Neta X vehicles to Central and South America and Southeast Asia, marking a significant step in its global expansion strategy.
Zeekr 007 Becomes World's Fastest Charging Mass-produced EV
Zeekr unveils 2025 models with world’s fastest charging EV, the Zeekr 007. Equipped with groundbreaking technologies, including the 2nd-gen Golden Brick Battery and advanced intelligent systems.
BYD and Huawei Collaborate: Fang Cheng Bao 8 to Feature Qiankun ADS 3.0
BYD's Fang Cheng Bao 8 will feature Huawei's Qiankun ADS 3.0 intelligent driving system. This collaboration aims to combine BYD's engineering prowess with Huawei's software innovation.
Zeekr Targets Japanese Market with New Showrooms in Tokyo and Osaka
Zeekr plans to build showrooms in Tokyo and Osaka by Q4 2024, aiming to sell and deliver premium vehicles in Japan starting 2025, marking a significant international expansion.
WeRide Files for NASDAQ IPO Targeting $5 Billion Valuation
WeRide, a leading Chinese autonomous driving company, files for a $440 million NASDAQ IPO and plans to launch its new generation Robotaxi globally on October 15th.
CATL Opened World’s First Showroom to Showcase 100 Models from 50 Car Brands
Chinese battery giant CATL opens world’s first new energy experience center, Ning Space, in Chengdu, showcasing nearly 100 EV models and launching its aftermarket services brand, Ning Service.
Stelato S9 Launch: Huawei and BAIC's Premium Electric Sedan
Huawei and BAIC launch the Stelato S9, a premium flagship sedan, on August 6th. Priced from 399,800 Yuan, the S9 features cutting-edge technology and impressive performance metrics.
Chery Enters Fortune Global 500, Ranking 385th
Chery Holding Group enters the 2024 Fortune Global 500 list for the first time, ranking 385th with a revenue of $39.1 billion. This marks a significant milestone for the Chinese automaker.
Recap of China's Passenger Car Market Sales July: BYD Exceeds 340,000 Units, Li Auto Surpasses 50,000 Units
Major Chinese automakers report sales for July, despite overall market decline. New energy vehicle sales surge, with significant contributions from BYD, Li Auto, and others.
Geely Unveils New Galaxy E5 with Competitive Pricing
Geely announces the launch of its new all-electric Galaxy E5 SUV, featuring competitive pricing and advanced technology.