Flash News: Chinese automotive market

chiny24.com 1 year ago

{1} Shanghai Automobile Group (chin. 上汽集团) signed with Volkswagen China Group (chin. 大众汽车(中国)投资有限公司) a package of respective cooperation agreements on the joint improvement and construction of 3 hybrid-powered cars and 2 electric-powered cars. All models will be introduced by 2026.

Based on: baijiahao.baidu.com;

{2} Meanwhile, BYD Motor corp (chin. 比亚迪汽车股份有限公司) concluded a strategical agreement with French Ayvens on cooperation to grow the European marketplace for the distribution and leasing of electrical vehicles (personal and light commercial vehicles).

Ayvens will usage the BYD dealer network to supply leasing services to tiny and medium-sized enterprises and individuals. These services will be offered at the beginning in France, the Netherlands, Belgium and Luxembourg with the intention of expanding their activities to another European countries.

Based on: 163.com;

{3} In YanCcheng (chin. 盐城, east JiangSu province) the first closed facility for investigating intelligent autonomous vehicles was officially launched in China. The facility is equipped with 5G-A network. It has an 840-metre tunnel without GPS and net signal and a 2100-metre consecutive way allowing cars to drive at speeds up to 160 km/h. The centre covers 660,000 m2.

Based on: mp.weixin.qq.com;

{4} The half-meter of 2024 passed and all indicates that the yearly sales rate of electrical cars and hybrids will approach 40% of full sales of all cars, and monthly to 50%. This results from forecasts developed by the Chinese Association of individual Cars (chin. 中国乘用车协会). According to the latest data from the Ministry of Public Safety (chin. 公安部) in the first half of 2024, 4.4 million NEV (electric and hybrid) cars were registered in China, representing 35.4% of all registered vehicles during this period.

In terms of sales of Chinese brand passenger vehicles among all brands offered on the Chinese market, this indicator was 58.5% in the past six months.

Based on: baijiahao.baidu.com;

{5} XiaoMi Automotive Technology Co., Ltd. (chin. 小米汽车科技有限公司) obtained an independent car maker licence issued by the Ministry of manufacture and Information Technology (chin. 工业和信息化部). Thus, Xiaomi's automotive company became 17 in China, a ministerialally licensed car manufacturer.

Many Chinese start-ups active in the construction and production of fresh vehicles (especially NEV) usually usage the production base of experienced manufacturers, which are comparatively low-cost for these fresh operators, but are besides their direct, very strong competitors.

Similarly, XiaoMi Automotive Technology Co., Ltd., which produced its first model in collaboration with Beijing Automotive Group Co., Ltd. (chin. 北京汽车集团有限公司). Therefore, all SU7 cars bear the “北京小米 designation, meaning “BeiJing XiaoMi”. Since obtaining its own license, the company will be able to signify its cars with the “小米 sign, meaning ‘XiaoMi’.

Based on: https://export.shobserver.com/baijiahao/html/771736.html

{6} According to manufacture data, around 40% of the world's hydrogen refuelling stations were in China at the end of June this year. In the first half of the year, 19 fresh stations of this kind arrived. A full of 426 hydrogen refuelling stations operated in China on 30 June 2024.

Based on: yicai.com

{7} In June this year, 378 1000 passenger cars were exported from China, which means a 28-per cent increase year-on-year, akin to that recorded in May. According to data collected by the Chinese Association of individual Cars (chin. 中国乘用车协会), this increase was achieved by the revival of the South American and Asian markets (not European). These data besides show that all home car manufacturers sold over 9.84 million cars in the first half of this year (an increase of 3.3 percent year-on-year). During this period, exports of electrical cars and hybrids reached 586,000 cars, which in turn represents an increase of 21.2 percent year-on-year.

The association predicts that sales of passenger cars will proceed to grow due to the expanding popularity of private vehicles and the fast improvement of intelligent electrical cars. The second will besides be very popular, thanks to government subsidies, encouraging consumers to exchange outdated cars for fresh ones.

Based on: cpcaauto.com;

{8} July 4th this year was a very crucial day for BYD Motor corp (chin. 比亚迪汽车股份有限公司), China's largest NEV car maker (a fresh power car, i.e. hybrid and electric).

On that day, an eight-million-dollar NEV car produced by this company drove the BYD production line in China. The first NEV car with the BYD mark the company produced in 2008. car number 1,000,000 left the BYD mill in 2021, which is 13 years after the start of production. Meanwhile, it took BYD Motor corp 4 months to produce a million cars between vehicle number 7,000,000 and 8.000.000.

On the same day, car number 1 drove off the production line of the BYD mill in Thailand. And virtually a fewer days earlier, the first cars left BYD factories in Uzbekistan and Indonesia.

BYD Motor corp owns factories in Brazil and Mexico, and builds another in Hungary, Cambodia and Turkey.

Based on: baijiahao.baidu.com;

Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China

Email: [email protected]

Editorial: Leszek B.

Email: [email protected]

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