China Auto News @AutoCango
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News Flash丨FAW-VW to Invest Over 2.3 billion Yuan Introducing three SUV models in Tianjin Plant, Commencing from 2026
FAW-Volkswagen (FAW-VW) intends to invest more than 2.3 billion yuan to launch three new SUV models under the Volkswagen and Audi brands at the Tianjin facility beginning in 2026.
DEEPAL's Three New Models Expected to Boost Sales
Changan Automobile's electric department, DEEPAL, has unveiled three new models. These additions to DEEPAL's product array, which are positioned to service a wide range of market sectors, are encouraging the brand's consistent sales growth.
Geely Unveils Icon Butterfly Images, Suggests a Sub-13,800 USD Price Point
Geely's forthcoming entry-level model, the Icon Butterfly, could be priced under $13,800 USD. The tiny SUV, known as Linglong, maintains the series' stylish look while offering certain configuration tweaks.
News Flash丨Xpeng Motors Marks its Entry into Hong Kong with G6 and X9 Launch
Xpeng Motors has accelerated its entry into the Hong Kong market by introducing the Xpeng G6 and Xpeng X9 models. Deliveries are scheduled for Q3, with a flagship store expected to open in Hong Kong.
NIO's Onvo L60 Set to Break 20,000 Monthly Sales
Deutsche Bank expects that NIO's new tunnel, the Onvo L60 SUV, will help the company break beyond the 20,000 monthly sales barrier, with plans for six other products by 2025.
News Flash丨Chery Exeed Earmarks 8,000 Units Production Next Month for Star Era ET
With the goal of producing about 8,000 units of the Sterra ET by the end of the month, Chery Exeed has revealed an ambitious manufacturing schedule. With a ratio of around 58:42 between range-extended vehicles and fully electric ones, the current order is still quite large.
XPeng Announces Mapless Era: Intelligent Driving Coverage Amplifies
XPeng's HD map-free urban smart driving system has doubled its coverage, signaling a major advancement in urban transportation and ushering in the mapless era.
NIO Launches ONVO Brand with L60 SUV at a Biginning Price of RMB 219,900 ($30,440)
NIO makes another audacious move by introducing its first model, the L60, along with its second brand, ONVO. Entering the market as a cutting-edge mid-size electric SUV, the L60 represents an exciting new chapter in the development of NIO's multi-brand strategy.
News Flash丨HIMA’s AITO Begins Nationwide Delivery of New M5 Model
AITO, a Huawei and SERES joint venture, has started delivering its renovated M5 model across the country. It is enhanced with Huawei's cutting-edge ADS 2.0 intelligent driving technology.
News Flash丨Xiaomi Targets 20,000-unit, Announceing Doubling of Beijing Plant's Operational Hours
Starting in June, Xiaomi plans to introduce double shift production at its Beijing plant in response to the increasing demand. This would extend the plant's operational hours and increase its monthly production capacity to about 20,000 vehicles.
Leapmotor, Stellantis Collaboration Births International Sales Drive
Leapmotor International Joint Venture, a collaboration between Leapmotor and Stellantis, is preparing to launch car sales in Europe. The joint venture, which already operates over 200 locations, intends to expand into global markets by the end of the year.
US Tariffs Hitting Chinese EVs - A Subtle Shock or a Major Blow?
New US tariffs on Chinese sectors, including electric vehicles, are expected to have little impact. Geely is the only Chinese EV exporter to the US, with fewer than 3,000 in Q1. The ramifications are minimal.
News Flash丨Commercial Vehicles Sales in China Soar 8.1% in the January-April Period
Commercial vehicle sales in China increased by 8.1% year on year in the first four months of 2024, with 1.39 million units sold, including 288,000 exported, according to the China Association of Automobile Manufacturers.
BYD Launches Hybrid Pickup Shark in Mexico at a Starting Price of $53,400
With the successful debut of its first pickup truck, the BYD Shark, in Mexico, Chinese automaker BYD has signaled an aggressive approach into a market category that is dominated by established foreign automakers.
News Flash丨IM Motors Unveils IM L6 Officially, Priced from 30,400 USD
IM Motors has unveiled their new electric vehicle, the IM L6, which starts at $30,400 USD. With cutting-edge semi-solid-state battery technology, the model has received over 29,000 pre-orders.
News Flash 丨BYD Files for Production of Ocean-M Concept as Seal X Hatchback
For the Seal X Hatchback, ostensibly the production iteration of the Ocean-M concept exhibited at the 2024 Beijing auto show, BYD has submitted a regulatory approval request. There's a chance that this model will be released as Seal 06 GT, Seal Mini, or Seal 05 EV.
Mercedes-Benz Leverages BYD's Battery Prowess
By incorporating BYD's batteries into its upcoming hybrid GLC SUV vehicle, Mercedes-Benz is preparing to advance its hybrid technology. The action highlights BYD's expanding influence in the hybrid vehicle market and shows the trend of external battery usage increasing.
News Flash丨 Volkswagen Anhui's Register Capital Bolsters to CNY 13.856 billion
With a capital increase, Volkswagen Anhui has seen a major corporate transformation, increasing its registered capital from CNY 7.356 billion to CNY 13.856 billion. Stakeholders JAC Motors and Volkswagen China continue to control 25% and 75% of the shares, respectively.
Xpeng Motors Announces Entry into Australian Market
Xpeng, a Chinese electric car manufacturer, is exclusively collaborating with TrueEV, an Australian company, to extend its global reach into the Australian market. This project is to introduce Australia's consumers to Xpeng's globally focused Xpeng G6 model, with an anticipated introduction in Q4 2024.
News Flash丨SAIC Volkswagen's April Sales Surge 4.2% to 92,000 Units
In April, SAIC Volkswagen formally announced that 92,000 units were sold, representing a 4.2% YoY growth. More than 340,000 units were sold between January and April, an 8.1% YoY increase.
News Flash丨Zeekr Stocks Rally 34.57% on Opening Day, Market Cap Over CNY 50 Billion
Chinese EV startup Zeekr had a flying debut on the NYSE, with its stock surging 34.57% to close at USD 28.26 and pushing its market capitalization above CNY 50 billion.
BYD Launches e-Platform 3.0 Evo & Sea Lion 07 EV
BYD has presented the e-Platform 3.0 Evo, an enhanced version of its electric vehicle platform, as well as the Sea Lion 07 EV, the first automobile model built on this cutting-edge platform.
U.S. Tariffs on Chinese EVs: A Strategic Economic Move?
The United States is considering raising tariffs on Chinese electric vehicles to 100% to protect American businesses. This move follows a review of prior levies and may apply to batteries and solar equipment. China rejects the unilateral attitude and pledges to safeguard its interests. Meanwhile, the EU is considering comparable taxes, despite resistance from Germany, emphasizing global trade tensions and their economic consequences.
News Flash丨SAIC Motor's Roewe Reveals DMH Super Hybrid Technology
Roewe, owned by SAIC Motor, debuted its new "DMH Super Hybrid Technology" brand on May 10. The technology has modular, integrated, and proprietary features that allow it to support PHEV, EREV, and HEV hybrid pathways while meeting different global user requirements and fuel consumption rules.
Zeekr Charges onto NYSE, Achieving Record-Breaking IPO for Chinese NEV Brand
Luxury Electric Automaker Zeekr Hits New York Stock Exchange, Soaring with Rapid Growth and Industry-Leading Margins
News Flash丨Luxeed S7 Will be Upgraded with Valet Parking Driver (VPD) in June
Luxeed Auto has announced that the Luxeed S7 will be fitted with Valet Parking Driver (VPD), allowing the car to park and receive independently via a mobile device.
New Medium-Large Haval H9 SUV Rolled Off Production Line
On May 8, Great Wall Motor revealed the new Haval H9, which would be manufactured in Yongchuan, Chongqing. The mid-to-large hardcore SUV will be available in both gasoline and diesel variants, with an official debut planned for later this year.
News Flash丨Chery Exeed Exlantix ET Officially Launched with both EV and EREV Versions
On May 9, Chery launched the Exeed Exlantix ET, available in both EV and EREV models, for $26,300 - $44,300. Built on Chery's E0X electric platform, the Exlantix ET features advanced drivetrain options and superior design features.
News Flash丨NIO Celebrates Production of 500,000th Vehicle, Preps for New Brand Onvo’s Launch
NIO celebrates its 500,000th mass-produced model, a new ES8, and announces the launch of its second brand "Onvo" on May 15.
News Flash丨GAC Group's GOVE Flying Car Has a Maximum Range of 30 KM
The GAC Group's GOVE flying car successfully accomplished its maiden flight in June 2023 and has shown its airworthiness in numerous tests, including a recent flight demonstration above Guangzhou's Central Business District.