It is Sunday, and it means only one thing – another part of the Automaker Profile series. Who do you think is the best-selling Chinese car brand in its home market? Geely? Wuling? BYD maybe? No, that’s all wrong. In the first half of 2021, Changan was China’s biggest brand. To celebrate the achievement, part two in the Automaker Profile series is about the company from Chongqing.
For those of you who missed the first part about Nio, you can read it here.
Today we bring you the first chapter of our new series, Automaker Profile. Every Sunday, we will bring you in-depth insight into the history of one Chinese automaker together with its full profile. I can already reveal you can look forward to stories of how giants as JAC, BYD, Dongfeng, or newcomers as Xpeng, Wuling were born. Today it will be about one of the JAC’s customers – a fresh star EV startup, Nio.
Li Auto is one of the three most visible Chinese EV startups listed on the US exchange. Despite having only one model on sale – which is not even a pure EV (Li One is plug-in-hybrid) – they gained popularity from both Chinese customers and overseas investors. Li One was presented as a nice family SUV with great built-in quality and has sold more than 50 000 pcs so far. Now it faces customer backlash over mercury globules – toxic heavy metal – found inside its cars.
It seems hard to believe, doesn’t it? A vehicle responsible for the livelihood of tens of thousands of staff- from factory workers to vendors to dealers doesn’t sound sustainable. Wuling HongGuan Mini EV is manufactured in Lizhou by a joint venture of American GM with Chinese SAIC and, of course, Wuling itself (SGMW). Continue reading “Wuling makes a mere 89 RMB (14 USD) profit on Mini EV”
Powerful Chinese regulator Cyberspace Administration of China (CAC) ordered all country’s app stores to remove the app of the ride-hailing giant. CAC announced on Sunday late-evening that Didi is illegally collecting user’s data. The crackdown came only two days after CAC launched the investigation and cybersecurity review, announced out of the blue on Friday evening. It seems CAC doesn’t wish Didi executives to have a good sleep, according to the timing of its announcements. For existing users and drivers, Didi remains operational.
As Nio and Xpeng, the most promising Chinese EV startups, entered Europe, we all asked whether the U.S. expansion is coming. But both startups were remarkably silent or directly denied it. Even the BYD – Chinese EV veteran – is not very successful in the U.S. They sell only a few electric buses and trying luck with commercial vehicles. Not to mention Faraday Future, once Silicon Valley’s darling, whose founder bankrupted in 2019 before it could launch the car. Now Skyworth (previously known as Skywell) is taking the lead and, without much attention, enters the U.S. market with its electric SUV ET5.
On 23rd June, the Hong Kong Stock Exchange (HKEX) showed that Xiaopeng Motors (Xpeng) passed the important step leading to the company’s stock listing. If Xpeng succeeds, it would be the first EV company listed on the Hong Kong exchange. At CNC, we love cars, so we were more interested in the details Xpeng revealed about its product line. And we were not disappointed.
Hon hai, overseas know as Foxconn, is a major manufacturer for Apple and other smartphone companies. Like many technological titans, they couldn’t resist joining the car-making race. Together with Taiwanese automaker Yulon Motors, they launched an EV project called MIH last October. MIH is a name of a modular platform for building electric cars. Foxconn stated that its goal is to gain a 10% share of the EV market between 2025-2027. Foxconn believes that the MIH platform is the Android for the electric vehicle industry.
China put the whole city of Guangzhou into semi lockdown on 31st May because of a local pandemic outbreak. Every person leaving the city needs to get tested according to SCMP. Liwan district in Guangzhou is in full lockdown, affecting around 140 000 people.
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