Domestic news
During the National Day holiday, the traffic of major highways and national highways continued to run at a high level, up 5.3% and 11.3% year-on-year respectively
On October 7, according to the WeChat public account of the Traffic Management Bureau of the Ministry of Public Security, from the traffic of 700 important passages of 76 expressways and 300 important passages of 52 national highways monitored by the Traffic Management Bureau of the Ministry of Public Security, the traffic of major highways and national highways continued to run at a high level during the holiday, increasing by 5.3% and 11.3% respectively compared with the same period last year.
Secretary-General of the Chinese Chamber of Commerce in the EU: Tariffs may affect China-EU trade
Fang Dongkui, secretary general of the Chinese Chamber of Commerce in the EU, said in an interview with the media a few days ago that the imposition of countervailing tariffs not only has a significant impact on China's electric vehicle export strategy, but also exacerbates the challenges faced by the European electric vehicle industry. At the same time, direct trade relations between China and the EU will also be affected.
Cui Dongshu of the Passenger Association: In January ~ September 2024, the number of automobile recalls nationwide will reach 137 batches of 7.38 million vehicles
On October 6, Cui Dongshu, secretary general of the passenger association, issued a document saying that in January ~ September 2024, the number of recalls of mainland automobiles reached 137 batches of 7.38 million vehicles, and there were more recalls in March, and then it was relatively stable. At present, the number of recalls by foreign-funded enterprises is relatively large, and the number of independent recalls is gradually increasing. The number of recalls of new energy vehicles is gradually increasing, and the overall number of recalls is not large, except for the large scale of software recalls for Tesla's energy recovery.
International News
Suspected of unfair competition Korea's ride-hailing giant was fined the highest in the history of the industry
Recently, the Korea Fair Trade Commission announced a fine of 72.4 billion won (about 380 million yuan) on Kakao Mobility, the largest ride-hailing platform in Korea, setting a record for the highest fine in the history of Korea's domestic ride-hailing platform industry. According to the Korea Fair Trade Commission, Kakao Mobility has benefited its business by undermining the fair trade order and hindering the operation of competing companies by taking advantage of its overwhelming advantage in the general taxi market. In response to the Fair Trade Commission's ruling, Kakao Mobility said it would file an administrative lawsuit.
BMW will invest approximately CNY 1.415 billion in Brazil
BMW announced that it has entered a new investment cycle in Brazil, and will invest 1.1 billion Brazil real (about 1.415 billion yuan) in Brazil, which will be used for decarbonization and new model research and development.
Due to the continued decline in sales, the Germany Association of the Automotive Industry lowered its sales forecast for electric vehicles
The Germany Association of the Automotive Industry (VDA) lowered its annual sales forecast for electric vehicles on October 5. The previous nine months' sales figures showed a 20% decline in EV sales. The agency now expects sales of electric vehicles and plug-in hybrids to fall 21 percent to 551,000 units, compared with its previous forecast of a 17 percent decline to 578,000 units. This was mainly due to a faster-than-expected decline in battery electric vehicle (BEV) sales due to a higher base in the same period last year, when the Germany government abruptly eliminated purchase subsidies for companies. For BEVs, the VDA expects an annual decline of 29%, compared to a previous forecast of 25%.
Stellantis针对罢工威胁向美国联邦法院起诉UAW
Chrysler's parent company, Stellantis, recently filed a federal lawsuit against the National Auto Workers (UAW), alleging that the union violated the terms of a contract agreed between the two parties last fall by threatening to strike over Chrysler's delayed investment plans. Stellantis seeks to hold UAW and local union chapters responsible for potential lost revenue and other damages caused by any strike.
Volkswagen CEO: The EU should consider adjusting its plan to impose tariffs on Chinese electric vehicles
On October 6, according to British media reports, Oliver Blume, CEO of Germany automaker Volkswagen Group, said that the EU should consider adjusting the plan to impose tariffs on Chinese electric vehicles to allow Chinese companies to invest in Europe. "Instead of imposing punitive tariffs, we should give mutual trust to our investments," Blume said. Those that invest, create jobs, work with local companies should benefit in terms of tariffs. ”
LG Energy Solution unveils business diversification plans to cope with the slowdown in demand for electric vehicles
On October 7, LG Energy Solution (LGES) said it aims to more than double sales by 2028, with a focus on non-electric vehicle businesses, against the backdrop of a slowdown in electric vehicles. LGES will expand its business involving energy storage systems (ESS), urban air mobility (UAM), battery-as-a-service (BaaS) and energy-as-a-service (EaaS) under its vision of "empowering every possibility," the company said in a statement. Kim Dong-myung, CEO of LG Energy Solution, said, "Our goal is to transform into an energy solution provider that focuses on the 'energy cycle', not just as a battery manufacturer under a new vision. ”
Fisker is facing an SEC investigation and bankruptcy proceedings are ongoing
The United States Securities and Exchange Commission (SEC) is investigating bankrupt electric vehicle startup Fisker, which has received multiple subpoenas from regulators. Fisker filed for bankruptcy protection in June. Currently, Fisker is shutting down its business operations, has sold its fleet and reached a settlement with creditors. The company is preparing to file its liquidation plan with a bankruptcy judge in Wilmington, Delaware, on Oct. 9.
Corporate News
Xpeng Motors: The cumulative intelligent driving mileage from September 30 ~ October 6 is about 36.32 million kilometers
On October 7, Xpeng Motors released a report on smart driving during the National Day holiday (as of October 6). On October 6, Xpeng had a total mileage of about 5.532 million kilometers of intelligent driving in a single day, about 84,000 times of intelligent parking, and a penetration rate of about 64.3% of intelligent driving users. From September 30 to October 6, the cumulative mileage of intelligent driving during the National Day holiday was about 36.32 million kilometers.
NIO officially entered the Middle East and North Africa market
Li Bin, chairman and CEO of NIO, said on Weibo that on October 4, witnessed by President Mohammed of the U.A.E. and President Abdel Fattah el-Sisi of Egypt, NIO and strategic investor CYVN signed a new strategic cooperation agreement to establish an advanced technology research and development center in the U.A.E., and at the same time, officially entered the Middle East and North Africa market, and will officially start delivery in the U.A.E. in the fourth quarter of this year. In 2025, NIO will enter 25 countries and regions.
GAC launched its first all-electric SUV model in Qatar
On October 6, according to the WeChat official account of GAC International, the Aion brand and AlON Y Plus product launch conference was recently held in the Gac showroom in Doha, officially launching the new energy model AION Y Plus. At the event, Marco Melani, Regional President of Al-Futtaim Group's Automotive Business Segment, said, "In the future, we will further expand our electrification product lineup and accelerate the launch of new energy models such as Haobo HT, Haobo GT and Haobo SSR. ”
Cialis: September sales increased by 402.81% year-on-year
On October 7, Sailis released its September 2024 production and sales report, with sales of new energy vehicles in September being 37,400, a year-on-year increase of 265.09%, of which Sailis Automobile's sales in September were 35,800, a year-on-year increase of 402.81%.
Great Wall Motor: Total vehicle sales in September were about 110,000 units, a year-on-year decrease of 10.88%
On October 7, Great Wall Motor announced that the total sales volume of Great Wall Motor in September 2024 will be about 110,000 units, a year-on-year decrease of 10.88%; The cumulative sales volume this year is about 850,000 units, a year-on-year decrease of 1.18%. In September, 44,105 units were sold overseas, and a total of 324244 units were sold from January to September. In September, 30,129 new energy vehicles were sold, and a total of 211492 units were sold from January to September.
Text: Zhang Yiwen Editor/Layout: Liu Xiaoye
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