Six Chinese car brands enter the top ten sales in Russia
On January 14th, Russian automotive market analysis firm Autostat announced that in 2023, six Chinese automotive brands entered the top ten in Russian sales. In 2023, the sales of new cars in Russia reached 1.0587 million units, a year-on-year increase of 69%. Among them, the first place is the Russian brand Lada, with an annual sales volume of 324400 vehicles. Chinese brands occupy the position from second to seventh place, with Chery selling 118900 vehicles in second place, a year-on-year increase of two times, and a market share of 11.2%; The third ranked Haval sold 111700 vehicles, a year-on-year increase of 2.3 times, with a market share of 10.6%. Other brands include Geely, Changan, Xingtu, Oumengda, Kia from South Korea, Hyundai, and Toyota from Japan.
BYD and Brazilian lithium producers plan to establish an integrated supply chain
On January 14th, according to a report by the Financial Times on Sunday, BYD has entered into negotiations with Brazil's Sigma Lithium on possible supply agreements, joint ventures, or acquisitions. BYD's Chairman in South American countries, Alexandre Baldy, stated that as part of a 3 billion reals (approximately RMB 4.452 billion) investment, BYD is building its first electric vehicle factory outside of Asia in Brazil. Baldy stated that BYD is looking for lithium assets in Brazil with the goal of building an integrated supply chain.
Huawei and BAIC Intelligent Car Selection Model Cooperation Brand Determined as "Xiangjie"
According to a report from First Electric Network, it is reported that Huawei and BAIC Smart Selection have confirmed their partnership brand as "Xiangjie". The first model is positioned as a mid to large-sized sedan and will be officially released before the Beijing Auto Show in April. In addition, Huawei and Jianghuai have partnered with the intelligent selection car brand "Aojie", and there are three large cars under research, covering the sedan, SUV, and MPV categories. The first car will be released in the fourth quarter of 2024.
The first mass-produced pure electric vehicle produced by Great Wall in Thailand has been taken offline
On January 14th, it was reported that Great Wall Motors recently held its first locally produced mass-produced vehicle, the Euler Cat, at the Rayong New Energy Vehicle Manufacturing Base in Thailand. This was also the first mass-produced pure electric vehicle in the history of the Thai automotive industry, marking Great Wall Motors becoming the first vehicle in the Thai automotive market to have hybrid power A car brand with complete new energy production capacity from plug-in hybrid to pure electric vehicles. Great Wall Motors entered the Thai market in February 2021 and has introduced 9 new energy vehicle models.
BAIC Group: Sales increased by 17.6% year-on-year in 2023, with revenue exceeding 480 billion yuan
On January 13th, BAIC Group announced its 2023 operating results, achieving a total vehicle sales volume of over 1.708 million units, a year-on-year increase of 17.6%. Among them, the sales of self owned passenger cars reached 190000 units, a year-on-year increase of 69.1%; The sales of independent commercial vehicles reached 634000 units, a year-on-year increase of 36.7%; Exported 190000 vehicles, a year-on-year increase of 73.5%. In 2023, it achieved a revenue of 480.3 billion yuan and a production value of 292.4 billion yuan in Beijing.
Tesla Cybertruck will make its domestic debut
Recently, it was reported that the Tesla Cybertruck may make its debut in China in the near future, sparking speculation that the car will soon be introduced to the Chinese market. In response, Tesla CEO Musk recently stated in a post, "It will be difficult for Cybertruck to legally go on the road in China, but we can ship some prototype cars for everyone to showcase."
Volvo recalls 17400 2024 XC40 vehicles in the United States
On January 14th, the National Highway Traffic Safety Administration of the United States revealed that Volvo recalled 17400 2024 XC40 vehicles in the United States on the 13th due to diagnostic errors in the central electronic module (CEM) software that may cause the left rear turn signal indicator to malfunction.