Industry
Changan is selling over 7000 vehicles a day
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Changan Automobile has surged in popularity this year selling just under 1.7 million cars so far this year, which is around 7000 cars a day.
Mercedes doubles down on China with a 2 billion USD investment to compete local EV startups
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Mercedes announces its 14 billion RMB investment in China to expand its local production lineup. They will release three new models in 2025.
JAC Group sold over 200,000 vehicles in the first half of 2024
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JAC Group achieved a net profit of 300.83 million yuan (40 million USD) from its subsidiaries and sold over 200,000 vehicles.
Geely, Chery, and JAC to establish car manufacturing in Algeria
Geely, Chery, and JAC will establish car manufacturing in Algeria to solidify its presence in North Africa
BYD to enter Pakistan market, and reportedly will build a factory
BYD will begin sales in Pakistan in 2024. Plans are also believed to call for building a factory set to produce cars from 2026.
Electric vehicle penetration exceeds 50% in China for the first time
New Energy Vehicle sales exceed ICE for the first time over a whole month in China in July according to preliminary data.
Cambodian PM claims BYD will build a factory in Cambodia, months after BYD hits problems in Vietnam
Cambodia claims BYD is going to site a factory in the country. The small market size and other factors make it a surprising choice.
BYD and Li Auto are the only Chinese NEV producers that make a profit claims Beijing speech
Key economic speech in Beijing claims that only BYD and Li Auto among Chinese new energy vehicle producers make a profit.
China emerges as top car supplier in Israel
Chinese cars are capturing a significant market share and outpacing Korean and Japanese competitors.
OPINION Is there a method in Nio’s madness of giving Firefly incompatible battery swapping?
Firefly has battery swapping but cannot use Nio battery-swap stations. This seems like madness but is there a good reason?
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