The attendance system was suddenly shut down, and SAIC Maxus was reported to have started large-scale layoffs; it was rumored that Nezha Auto suddenly changed its CFO before its IPO; Evergrande Auto was suspended from trading on the Hong Kong Stock Exchange丨Auto Morning News
Latest update time：2024-09-06
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HOT NEWS
BYD's global expansion faces a test in Japan: Are domestic cars inferior to Japanese ones? BYD executives say some Japanese people hate Chinese products
On September 5, foreign media reported that the Japanese market has become a stumbling block for BYD's global expansion. In order to boost car sales in the Japanese market, BYD is building electric vehicle charging stations in Japan, increasing marketing efforts, and increasing car purchase incentives for customers. However, some Japanese consumers are cautious when buying large Chinese products because they are worried about product quality. "In the eyes of the Japanese, Japanese manufactured goods are better than those from China and South Korea. We can't believe that Chinese products are of higher quality." A Japanese netizen said after visiting the BYD showroom in Yokohama in July this year.
Atsuki Tofukuji, president of BYD Japan, said some Japanese people dislike Chinese products very much, so forcing them to be promoted is not a good idea. Instead, he hopes to win the favor of consumers through BYD's cost-effectiveness. Tofukuji revealed that the company also plans to install fast charging piles at 100 locations in Japan by the end of next year. This plan has not been disclosed before and may help BYD obtain higher subsidies.
It is worth noting that the Nikkei team thoroughly disassembled the BYD Seal last year, disassembling everything from wheels, chassis to battery packs and seats. The Nikkei BP concluded that BYD has surpassed Tesla and become the world's number one EV manufacturer. BYD has the foresight to lead the world in design standards. This year, the Nikkei team also disassembled the Zeekr 007. After disassembling the Chinese car, Japanese car companies were panicked because they were worried that Japan could not make such a cheap and smart car.
In April this year, the Japanese government changed the calculation method of electric vehicle subsidies, reducing subsidies for BYD and several of its competitors. Zhou Jincheng, manager of the China research department of Nagoya automotive research company Fourin, believes that the change in subsidy policy may reflect the Japanese government's intention to protect domestic industries. (Phoenix Network Technology, Benyuan Finance)
Industry News
INDUSTRY NEWS
70 out of 140 employees are going to be laid off, even the attendance system is shut down, SAIC Maxus is laying off employees in many departments
SAIC Motor has been undergoing changes this year. Recently, many senior executives of the group have been replaced and their business strategies have been adjusted. Earlier, there were reports that Feifan Motors has been merged into Roewe Motors. In the past two days, there have been reports that SAIC Maxus has also made major adjustments.
On Maimai, many netizens posted that SAIC Maxus has shut down the DingTalk attendance clock-in service and will start internal layoffs. "SAIC Maxus recently suddenly shut down the DingTalk clock-in service, and leaders at all levels have no explanation or excuses. Resignations, layoffs, and non-renewal of contracts when they expire." "Whether the DingTalk clock-in service is shut down or not, there must be something wrong. Sure enough, 70 out of 140 positions were laid off."
An employee of SAIC Commercial Vehicle Technology Center posted that SAIC Maxus will lay off 40% of its employees in Nanjing this time, and the HR director has arrived in Nanjing and will start interviews from August 30. "I laid off a lot of people in three days last week." Another netizen with an IP in Shanghai posted that except for the power department where he went, other departments seemed to be laying off employees, and the compensation standard was N+1.
Another employee of SAIC Maxus Software and Technology Center posted that SAIC Maxus had already carried out a wave of layoffs in the middle of the year in the form of contract renewal. However, it did not attract attention at the time. Before that, the netizen had posted many times that SAIC Maxus forced people to work overtime and punch in, and each department made a table for horizontal comparison every month.
Judging from the current news, this adjustment is mainly reflected in personnel changes. For example, layoffs, non-renewal of contracts for employees, etc., the proportion has reached 40%. If the news is true, the adjustment is very large. In this regard, a supplier of SAIC Group said that this has been rumored for a long time. According to him, one of the main reasons for SAIC Maxus's reduction in staff is the decline in sales.
SAIC Group's sales have been declining in recent years, but SAIC Maxus has maintained growth. Its sales in 2021-2023 are 183,000, 191,000, and 204,000 respectively. But this year there has been a decline. SAIC Group's production and sales report shows that in July, SAIC Maxus sold 14,336 vehicles, a year-on-year decrease of 23.34%; the cumulative sales from January to July were 110,612 vehicles, a year-on-year decrease of 11.3%. (DoNews, Mingjing Pro)
It is rumored that Nezha Automobile suddenly changed its CFO before its IPO
It is reported that Chen Rui, CFO of Nezha Auto, has recently resigned. Pan Deng, former managing director of Goldman Sachs (Asia), replaced Chen Rui and is responsible for Nezha's financial affairs.
Pan Deng worked at Goldman Sachs for 9 years, responsible for investment banking business, and resigned in August this year.
Before Goldman Sachs, he also worked at Merrill Lynch
and Bank of America, an American consulting company, QRM. The last time Chen Rui appeared in public was in June this year, when Nezha Auto signed a contract with CITIC Bank and CITIC Securities on cooperation in supply chain finance.
Nezha Auto is a car brand launched by Hozon New Energy. In June this year, Hozon submitted a prospectus to the Hong Kong Stock Exchange. On
August 3, the International Department of the China Securities Regulatory Commission required it to provide supplementary materials, including compliance statements on foreign investment access policies, compliance statements on insurance business, and shareholder and employee shareholdings. (
Yunjian Insight)
The union blasted Volkswagen's plan to close factories. Volkswagen: Overcapacity of 500,000 vehicles
According to foreign media reports, on September 4, Volkswagen AG defended its plan to consider closing factories in Germany, saying that declining car sales have led to overcapacity in factories, which is now equivalent to two more factories. On the same day, more than 20,000 workers attended a staff meeting inside and outside the huge showroom of Volkswagen's main factory in Wolfsburg, Germany. Many people held up signs or shouted "We are Volkswagen, and you are not." Daniela Cavallo, Volkswagen Group's top employee representative and member of the Supervisory Board, said at the meeting that she would oppose any factory closure plans, adding that workers should not pay for management mistakes, including Volkswagen Group's poor performance in the United States.
Daniela Cavallo said that although the Volkswagen brand still needs to save 3 billion euros (about 3.3 billion U.S. dollars) in costs to achieve the 10 billion euro cost reduction plan formulated last year, labor costs account for only a small part of the difference. Daniela Cavallo said in her speech: "Volkswagen Group's problems do not come from its German factories and employment costs, but from management not doing their job well."
Arno Antlitz, chief financial officer of Volkswagen Group, said at the conference that car demand in Europe has not recovered since the outbreak, and the region's industry-wide car deliveries are about 2 million units less than at their peak. Arno Antlitz also said in his speech: "Volkswagen Group's car sales have also decreased by about 500,000 units, which is equivalent to the output of about two factories. Therefore, we need to improve production efficiency and reduce costs." (Gasgoo)
Rumors of NIO bankruptcy and closure, NIO Legal Department: The person involved has been arrested by the police
On September 5, NIO's legal department released the latest news: "The person who created the malicious rumor was arrested by the police." NIO's legal department also stated that the police replied that the person suspected of creating and publishing the relevant rumors had been arrested. The company expressed its sincere gratitude to the police for their coordination in multiple locations, rapid response and efficient law enforcement. Next, the company will continue to cooperate with the police and relevant departments in the investigation and dig deep into the organizers behind the rumors. (Fast Technology)
Design genius! JISHI car's original in-car toilet, transformed from a central storage box
On September 5, Chang Jing, the founder of JISHI Automobile, recently clarified the design of the car toilet launched by the company. He explained that the so-called car toilet is actually an innovative storage box transformation solution.
This central storage box can be used to store items normally, but the designers of Jishi Auto have cleverly added a detachable toilet seat in it. When traveling outdoors or in an emergency, users can put a plastic bag on the toilet seat and place it on the storage box. The plastic bag is equipped with deodorizing and water-absorbing gel to ensure cleanliness and hygiene after use.
Chang Jing emphasized that this design is not to install a complete toilet in the car, but a flexible emergency solution. Regarding this design, some netizens believe that it can effectively solve the emergency toilet needs of children during long-distance travel. However, there are also views that after using this facility, whether users will still be willing to place other items in the same storage box, which may affect its practicality. (Fast Technology)
Lotus Automobile to become the official Chinese name of Lotus
On September 5, Feng Qingfeng, CEO of Lotus Group, revealed that Lotus Automobile will soon become the official Chinese name of Lotus.
Feng Qingfeng said that the reason why
the Chinese name of
Lotus
(which means Lotus and is pronounced similar to Lotus)
was changed to "Lu Tesi" was because when Lotus entered the Chinese market, the name "Lotus" had already been registered by another parts company.
This parts company has never used the name "Lotus" in the field of complete vehicles. Under such circumstances, after more than two years of efforts, Lotus will return to the Chinese name "Lotus".
Feng Qingfeng said:
"In the minds of Chinese consumers, the impression of 'Lotus' is still very deep.
'Lotus' itself is the transliteration of Lotus, but when it comes to 'Lotus', consumers will have more feelings.
" (Sohu News)
Lei Jun is preparing a big move! The latest spy photos of Xiaomi SUV are exposed: much bigger than SU7 and similar to Ferrari Purosangue
On September 5, according to domestic media reports, Xiaomi SUV is likely to be officially unveiled at the end of October, and relevant official work is currently underway. Now, more and more netizens have discovered the road test photos of this Xiaomi SUV. From the spy photos taken by netizens, it can be seen that this Xiaomi SUV adopts a fastback coupe SUV design, with smooth roof lines extending to the rear of the car, presenting a dynamic posture.
In addition, the new car's side camera, five-spoke wheels and other design details made many bloggers say that it is exactly the same as the Ferrari Purosangue (priced at nearly 5 million).
According to previous statements, Xiaomi's second new car is positioned as a pure electric SUV, which is expected to be launched in the first half of 2025, continuing the design level of the first car; and the third car is initially positioned at the 150,000 yuan level and is scheduled to be launched in 2026. (Fast Technology)
Evergrande Auto suspended from trading on Hong Kong Stock Exchange
On September 5, Evergrande Auto announced on the Hong Kong Stock Exchange that it would temporarily suspend trading from 9:25 a.m. Before the suspension, Evergrande Auto fell 5.38%.
Recently, Evergrande Auto released its interim results for the six months ending June 30, 2024. As of June 30, 2024, Evergrande Auto's revenue was 38.377 million yuan, a year-on-year decrease of 75.17%; gross profit was 2.433 million yuan, a year-on-year decrease of 103.99%; net loss totaled 20.257 billion yuan, a year-on-year increase of 194.73%.
During the reporting period, as of June 30, 2024, Evergrande Auto's total assets amounted to 16.369 billion yuan and its total liabilities amounted to 74.35 billion yuan. The group's cash and cash equivalents amounted to only 39 million yuan. (Yicai Global)
The maximum speed of Xiaopeng MONA M03 is only 155km/h, but the blogger has measured that the maximum speed can reach 177km/h
On September 5, some people found that the maximum speed reported by Xiaopeng MONA M03 to the Ministry of Industry and Information Technology was only 155km/h, which was a bit conservative. In response, the car blogger "Dynamics-Ni Jian Ge" tested the maximum speed of M03 at a professional test site, and the results showed that the maximum speed could reach 177km/h.
Xiaopeng MONA series product manager Yang Guang reminded: Everyone should pay attention to safety and do not imitate, this is a professional venue. In fact, 177 or 155 is enough. Xiaopeng Motors Chairman He Xiaopeng also forwarded: "Everyone must drive safely and do not exceed the speed limit. These are all tests in closed professional venues. The M03's power performance is excellent in both acceleration and maximum speed. Xiaopeng's engineering culture does make us pay more attention to the product, but we must also speak out to avoid our users from being troubled." (Fast Technology)
Dongfeng Mengshi Technology and NIO Energy reached a strategic cooperation on charging
On September 5, Dongfeng Mengshi Technology announced that it had reached a strategic cooperation with NIO Energy on charging, and Mengshi cars will be able to use NIO charging piles. Currently, more than 80% of NIO's electricity is used by users other than its own brands, and it has achieved charging interconnection with Hongmeng Intelligent Driving, Hongqi, Deep Blue, Aion, Zhiji, Zeekr, Lotus, Cadillac, Buick, Xiaopeng and other car brands.
As of August 31, NIO has deployed a total of 2,498 battery swap stations and 23,202 charging piles, providing battery swap services over 51.9 million times.
According to previous reports, Weilai co-founder and president Qin Lihong said at a press conference at the 2024 Chengdu International Auto Show on August 30 this year, "We plan to achieve 'charging in all provincial administrative regions' and battery swapping in all 14 provincial administrative regions by June 30, 2025; achieve battery swapping in all 27 provincial administrative regions by December 31, 2025; and start tackling battery swapping in all other provincial administrative regions in 2026." (IT Home)
Mercedes-Benz, BAIC and FAW jointly invest RMB 14 billion to accelerate production of a new generation of China-exclusive models
On September 5, Mercedes-Benz Group announced on September 4 that according to the group's business plan, it will invest more than 14 billion yuan with Chinese partners for the research and development and production of new products in China. Of the 14 billion yuan, 10 billion yuan will be invested in the passenger car business and 4 billion yuan in the light commercial vehicle business. According to the announcement, these two investments will be completed together with Mercedes-Benz's joint venture partners in China, BAIC Group and Fujian Automobile Group.
According to the plan, starting from 2025, Beijing Benz will start to produce the new pure electric long-wheelbase CLA model based on the new Mercedes-Benz modular architecture (MMA) platform, including the long-wheelbase GLE SUV tailored for Chinese customers. Fujian Benz will also produce a new luxury pure electric MPV based on the VAN.EA platform. Among them, the long-wheelbase GLE SUV model will be developed by the Chinese team for the first time, and will provide China-exclusive comfort experience and advanced intelligent technology.
The technical information released by Mercedes-Benz this time also includes: Mercedes-Benz's self-developed new architecture MB.OS will be launched with the new MMA platform models in 2025, providing a new MBUX virtual assistant supported by 3D graphics technology and large language models, as well as the luxury brand's first "no-picture" end-to-end full-scenario intelligent driving system. In terms of digitalization and intelligence, Mercedes-Benz is making layouts at the speed of China and in the technical track. (Gasgoo, Economic Observer)
Tesla will launch FSD in China in the first quarter of next year, and domestic car brands may face a shock
On September 5, Tesla's official account Tesla AI posted on social media that Tesla plans to launch fully autonomous driving functions (FSD) in China and Europe in the first quarter of next year and is currently awaiting approval from regulatory authorities.
Since the beginning of this year, there have been frequent rumors that Tesla's FSD will soon enter China. In May this year, according to foreign media reports, people familiar with the matter said that Tesla has successfully obtained software registration from the Ministry of Industry and Information Technology of China, which will pave the way for Tesla's internal testing of fully autonomous driving (FSD). Tesla employees will test it on public roads in China and plan to upgrade it to Chinese users in the next few months.
Many domestic auto brand executives have expressed their opinions on Tesla FSD's upcoming entry into China. He Xiaopeng, chairman of Xpeng Motors, said that he is looking forward to Tesla FSD's entry into China and that they can learn from each other on different roads. (Sina Technology)
Uber and others test car-sharing version of "online car-hailing" service in Tokyo, Japan
On September 5, Uber Japan announced on September 4 that it would launch a ride-hailing service in Tokyo using shared cars in cooperation with Park24 and Royal Limousine. The service will be in trial operation until the end of November, and the company will consider expanding the service to other areas of Japan to implement the "Japanese version of ride-hailing" service depending on demand.
Car-sharing allows people without private cars to run online ride-hailing services, and this move is intended to increase the number of drivers. Drivers will sign employment contracts with the taxi company Royal Limousine. The hourly car-sharing fee of 880 yen (about 43 yuan) is borne by the driver, who can receive orders from passengers through Uber's ride-hailing app. (Jiemian News)
Yu Chengdong: Sales of the M9 exceeded expectations, and the five-seat version will be released on September 10
On September 5, Huawei's executive director, chairman of the Terminal BG, and chairman of the Intelligent Automotive Solutions BU, Richard Yu, posted on Weibo that the sales of the M9 have far exceeded expectations since its release, ranking first in sales of luxury cars over 500,000 yuan. Richard Yu also mentioned that the five-seat version of the M9 will be officially released on September 10.
"We have always paid close attention to consumers' needs and feedback, and strive to make the panoramic smart flagship SUV M9 provide consumers with more diverse choices! On September 10, the five-seater version of M9 was officially released. We sincerely invite all friends to participate in the Pioneer Program. The new cars for the shortlisted users will be shipped and delivered before the National Day!" said Yu Chengdong.
Xiaopeng MONA M03 sold out after its launch: "Iron Lady" Wang Fengying drank her first sip of wine in her life
On September 5, to celebrate the huge sales of M03, Xiaopeng Motors recently held a party. During the party, Xiaopeng Motors Chairman and CEO He Xiaopeng handed a glass of wine to President Wang Fengying. Wang Fengying was quite emotional and said: "I have encountered many major events over the years, but MONA is so important to me, and I also thank everyone." Then, Wang Fengying picked up the glass and drank it. It is worth mentioning that this was the first time Wang Fengying drank in his life.
"Iron Lady" Wang Fengying had previously worked at Great Wall Motors, with internal power second only to Wei Jianjun. Last year, Wang Fengying joined Xiaopeng Motors as president and subsequently began a drastic organizational structure reform. When Wang Fengying first took up the position, she set a big goal: "Xiaopeng's sales will reach millions in three years, and its market value will reach $100 billion in five years."
Subsequently, under the leadership of Wang Fengying, Xiaopeng Motors launched the "Jupiter Project" to transform its sales channels, hoping to strengthen its sales network by introducing more dealers. In 2023, Xiaopeng Motors' sales reached 141,000 vehicles, a year-on-year increase of 17%, but there is still a large gap from the established target. (Fast Technology)
Xiaomi SU7 C-IASI test results are out: it can save your life very smoothly even when losing a wheel, and it has achieved G+ in three aspects!
On September 5, the China Insurance Automobile Safety Index (C-IASI) (Note: China Insurance Research Institute) announced the first results of the 2024 evaluation models. In the end, Xiaomi SU7's scores were fixed at A, G+, G+, and G+ levels.
The evaluation results show that the Xiaomi SU7's crashworthiness and repair economy index is A (good). This test mainly conducts real-car collision research on low-speed collisions or scratches in daily life, and conducts multi-dimensional evaluations on the vehicle's structural crashworthiness, vehicle repairability, vehicle repair economy and collision compatibility. In simple terms, it is to measure how expensive the car is to repair. Generally, the more expensive the car, the worse the score.
In terms of the in-car occupant safety sub-index, Xiaomi SU7 achieved a good score of G (GOOD) in multiple items, including 25% offset frontal collision on the driver's and co-driver's sides, 50% offset frontal collision, and side collision, and finally received an overall rating of G+, which is the highest level. Xiaomi SU7 also performed well in the pedestrian safety sub-index and vehicle auxiliary safety sub-index, both of which received a score of G+.
It is worth mentioning that in a 25% frontal offset collision, the Xiaomi SU7 performed a smooth "throwing away the wheel to save life" scene, sliding out like a fish, and even the front windshield was not broken after the collision. (Fast Technology)
Industry attention
INDUSTRY FOCUS
GAC Toyota will work with Huawei, Tencent and others to create a smart cockpit exclusively for China
On September 5, GAC Toyota officials learned that GAC Toyota will release a number of high-level intelligent technologies.
In the field of intelligent technology, GAC Toyota is actively promoting high-level intelligent driving technology, planning to upgrade from L2 intelligent driving to L4, and achieve multi-dimensional coverage. In the field of
autonomous driving, GAC Toyota cooperates with Pony.ai, which has leading technical strength in the commercial operation of Robotaxi and has obtained L4-level autonomous driving road test permits in many first-tier cities in China.
In terms of smart cockpit, GAC Toyota plans to further deepen cooperation with Huawei and launch a new C-class pure electric sedan, which will be equipped with Hongmeng cockpit for the first time. At the same time, GAC Toyota and Tencent will carry out all-round cooperation in cockpit ecology, digital travel services, intelligent networking and network security. (Fast Technology)
Jaguar Land Rover to recall 2,760 vehicles in the U.S. due to high-voltage battery overheating
On September 5, according to foreign media reports, Jaguar Land Rover North America will recall 2,760 2019 Jaguar I-Pace vehicles in the United States because the vehicle's high-voltage battery may overheat. The National Highway Traffic Safety Administration (NHTSA) pointed out that these vehicles had been recalled before for the same problem, but new remedies were required.
As a temporary repair measure, Jaguar Land Rover North America dealers will update the battery energy control module software free of charge. The company has not yet formulated a final remedy. Owner notification letters are expected to be mailed on October 18, 2024. Jaguar Land Rover North America recommends that owners park their vehicles outdoors and charge them away from buildings within 30 days after the recall repair is completed and after the repair is completed.
Since February 2020, General Motors, Mercedes-Benz, Hyundai, Stellantis and Volkswagen have issued recalls, most of which are due to internal battery failures that may increase the risk of fire. (Gasgoo)
Xiaomi loses 60,000 yuan on each car sold! Lu Weibing: The investment in other models is also included in this
On September 5, Lei Jun recently disclosed Xiaomi Auto's quarterly business report. In the second quarter of this year, Xiaomi delivered 27,307 new cars, with a loss of 1.8 billion yuan, and an average loss of more than 60,000 yuan per car. In response to this, Xiaomi Auto President Lu Weibing responded to the question of "Xiaomi loses 60,000 yuan per car" in a video: Our automotive business is still in the early stages, a period of large investment, and a lot of investment is not just for the SU7 car. From a financial perspective, this is not appropriate. (Fast Technology)
Volvo Cars abandons 2030 full electrification goal
According to foreign media reports, on September 4, Swedish automaker Volvo Cars announced that it would no longer adhere to the goal of achieving full electrification by 2030, and it is expected that its product lineup will still include some hybrid models by then. Volvo Cars said in a statement that by 2030, 90% to 100% of the cars sold by the company will be pure electric vehicles or plug-in hybrid vehicles, and up to 10% will be mild hybrid vehicles (electricity only serves as a supplement to the internal combustion engine).
Demand for electric vehicles has slowed due to a lack of affordable models and a slow build-out of charging stations, while major automakers are grappling with the impact of EU tariffs on Chinese-made electric vehicles. In addition, the short range of electric vehicles is a concern for drivers and one of the reasons why consumers often choose more affordable and convenient hybrid vehicles.
Volvo Cars said that plug-in hybrid vehicles will be the key to the company's future profit growth, and it is making strategic adjustments based on changing market conditions and customer needs. Volvo Cars currently expects that by 2025, its electrified models (including pure electric vehicles and hybrid vehicles) will account for 50% to 60% of its total vehicle sales. Previously, Volvo Cars' goal was that by 2025, at least 50% of the company's sales would come from pure electric vehicles, with the rest being hybrid vehicles. (Gasgoo)
Audi seeks buyer for Brussels plant to avoid closure
According to foreign media reports, Audi confirmed that Volkswagen Group has no plans to produce any models at its Brussels Forest plant in Belgium in the next few years. Therefore, finding a buyer for the plant may be the only way to avoid closure and thousands of job losses. Pascal Debrulle, a representative of the Belgian General Confederation of Labor (FGTB), said that even if some of the alternatives proposed by Audi's Brussels plant are implemented, only 200 to 300 jobs may be saved.
In recent weeks, there have been rumors in the industry that a Chinese car manufacturer is interested in acquiring Audi's Brussels plant. Pascal Debrulle said this could save more jobs. The FGTB expects to receive "detailed information" about the replacement project for Audi's Brussels plant and details of potential buyers at its meeting on September 17.
On September 3, Audi also announced separately that Thomas Bogus will serve as the new plant manager of the Brussels plant starting September 16, replacing Volker Germann, who has taken on a new position at Audi. Thomas Bogus is currently the project manager for Audi's pure electric vehicle production in Europe and China. (First Electric)
GM to launch first ethanol hybrid car in Brazil
On September 5, General Motors said on Wednesday that it will start producing the first hybrid car in Brazil that uses 100% ethanol or gasoline. It was revealed that General Motors said in a statement that it would produce two hybrid models at its plant in Sao Paulo state, but did not specify which models.
GM also produces other types of hybrid vehicles, but said it remains committed to switching to all-electric vehicles in the long term. The company did not say when it plans to launch the hybrid, but a local union at its plant in San Jose dos Campos said the first model would be on the market in 2025. (Financial Times)
Nissan CEO: We strive to stay in China
September 5 news, recently, Nissan CEO talked about the Chinese market in an interview with the media and shared future plans. He said: "Compared with other parts of the world, the needs of Chinese customers are very different. If we continue to do things in the same way as before, I think our chances of survival are slim." "We strive to stay in China. There have been huge changes in strategy. Simply put, we will design and manufacture localized Nissan cars in China. Our previous R&D work was all in Japan, and then we adapted it to the United States, Europe and China. This method will no longer exist. Abandoning JDM is a priority."
"The explosive growth of China's auto industry and its heavy investment in electric vehicles means that Nissan, like other foreign automakers selling cars in China, must invest heavily in electrification. Nissan will produce electric vehicles with solid-state batteries by 2028."
He also said that Chinese automakers can develop new cars at an astonishing speed. Nissan is currently working with its Chinese partner Dongfeng Motor Group to develop five new energy vehicles for the Chinese market, which will be launched in 2026 at the latest. (Fast Technology)
Changan Automobile: Thailand new energy base is expected to start production in Q1 next year, and the construction of bases in Central and South America and Europe is being evaluated
On September 5, Changan Automobile said in an institutional survey on September 4 that Changan Automobile's first overseas base, the "Thailand New Energy Base", is progressing smoothly according to the construction plan and is expected to be officially put into production in the first quarter of next year. At the same time, the company is demonstrating the construction of bases in Central and South America and Europe, and promoting the rapid and healthy development of new energy vehicles through globalization.
On July 26 this year, the Electric Vehicle Policy Committee (EV Board) of Thailand approved a temporary reduction in the consumption tax rate for hybrid electric vehicles (HEVs), provided that manufacturers make new investments in the technology in accordance with the latest technical standards and strict CO2 emission requirements. As a result of the government's promotion measures in the field of electric vehicles in Thailand, the total investment to date has exceeded 80 billion baht (currently about 16.675 billion yuan), including the production of battery electric vehicles (BEVs), batteries, key components and charging stations.
The Chinese automakers that have built or plan to build factories in Thailand are as follows: In January this year, the first locally produced ORA 03 rolled off the assembly line at Great Wall Motors' Rayong plant in Thailand; in March, Nezha Auto announced that the KD plant in Thailand officially began large-scale production; in April, Thailand approved Chery to build an electric vehicle factory, which is expected to be put into production next year; in May, the signing ceremony of the 185 (bonded zone operation license) agreement of GAC Aion Thailand Factory was held at the General Customs Office in Bangkok, Thailand; in July, the BYD Thailand factory was put into production and the ceremony for BYD's 8 millionth new energy vehicle rolled off the assembly line was successfully held. (IT Home)
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