Shanxi Securities: Automobile production and sales are expected to continue to improve in the fourth quarter
Shanxi Securities recently reported that the overall performance of automobile production and sales in the third quarter was better than expected, and the market showed a trend of "not weak in the off-season, but more prosperous in the peak season". Looking ahead to the fourth quarter, with the accumulation of favorable factors for stable economic growth and the driving force of the traditional "Silver Ten" automobile sales peak season, automobile production and sales are expected to continue to improve, and the goal of stable growth for the whole year will likely be achieved. We believe that the automotive industry has entered a stable and healthy development trend, and with the continuous implementation of consumer promotion measures and the continuous recovery of consumer confidence, the outlook for the fourth quarter of 2023 will further improve.
Ford stated that the contract offer submitted to the Federation of Automotive Workers of the United States has reached its limit
On October 12th, Ford Motor stated that the contract offer submitted to the UAW has "reached its limit".
Hechuang Automobile has released a new model V09, which is the first to be equipped with a LiDAR and an 800V high-voltage platform as standard in MPV
On October 14th, Hechuang Automobile released the luxury pure electric MPV model V09, with a listing price of 318800 to 438800 yuan. It is reported that the entire V09 series is equipped with an 800V high-voltage system, which can charge up to 400 kilometers in 10 minutes during on-site testing, and has a maximum range of 726 kilometers. It is the first MPV equipped with a LiDAR. He Kaixin, Vice President and Dean of Research Institute of Hechuang Automobile, introduced that MPV has a small market share but a fast growth rate. The release of V09 is the starting point for Hechuang to impact the high-end market, and will also serve as the application of its technology to subsequent products.
Due to production capacity constraints, Xiaomi has discussed with BAIC, Brilliance, and others about the OEM of SUV models
Xiaomi is seeking to establish partnerships with other car manufacturers. Recently, the interface news learned from insiders close to Xiaomi that at the end of August this year, Xiaomi Motors was in contact with Jianghuai Motors to discuss matters related to OEM of new energy vehicles, but the two sides did not reach a final cooperation. In October, Xiaomi Motors began to contact BAIC Blue Valley and Brilliance Motors for cooperation negotiations on production and other matters.
Insiders have stated that after the first coupe model, Xiaomi plans to launch and produce an SUV model, but Xiaomi is not currently considering rebuilding the production line. By collaborating with other car manufacturers to produce SUV models while producing coupe models at Xiaomi Motors' self built factory in Phase I, dual line propulsion can be achieved.
EU China Chamber of Commerce Holds a Symposium on the Work of Chinese Funded Electric Vehicle Enterprises
According to the EU China Chamber of Commerce, on October 12th, the EU China Chamber of Commerce held a symposium on the work of Chinese electric vehicle enterprises to understand the development status of electric vehicle enterprises in Europe and their response to the European Commission's anti subsidy investigation. The meeting discussed the progress and impact of the European Commission's investigation into subsidies for electric vehicles in China. The meeting believes that the European investigation launched this time is not conducive to achieving its own green goals, especially the legislative goal of banning the sale of new fuel vehicles in Europe by 2035. In addition, increasing the operating costs of Chinese companies in the European market will ultimately harm the interests of European consumers.
Tianfeng International Guo Mingyi: Xiaomi's first model is expected to be released in 2024, with a selling price of less than 300000 yuan
On October 13th, Guo Minghui, an analyst at Tianfeng International, stated that Xiaomi's first model is expected to be released in 2024, with an estimated shipment volume of 50000 to 60000 vehicles. The key selling points are autonomous driving, software ecology, 800V fast charging, and power configuration, with an estimated price of less than 300000 yuan. If the selling price is closer or even lower than 250000 yuan, there should be room for improvement in the shipment volume.
Changan Automobile and others have established a core integrated circuit company with a registered capital of 8.7 billion yuan
According to Tianyancha APP, Chongqing Xinlian Integrated Circuit Co., Ltd. was recently established with Yang Yonghui as its legal representative and a registered capital of 8.7 billion yuan. Its business scope includes integrated circuit design, integrated circuit manufacturing, integrated circuit chip and product manufacturing, integrated circuit chip design and service, and semiconductor device specialized equipment manufacturing. According to shareholder information, the company is jointly held by Chongqing High tech Zone Intelligent Manufacturing Industry Research Institute, Chongqing Electromechanical Holdings (Group) Co., Ltd., Qingling Automobile (Group) Co., Ltd., Changan Automobile, and others.
Weima Motors apologizes: The vehicle's system has now returned to normal
On October 13th, the official WeChat account of Weima Motors announced that "the Weima car system has now returned to normal, and we deeply apologize for any inconvenience caused!" Two days ago, Weima car owners reported that the car and phone keys cannot be used, and all remote functions cannot be used. It is suspected that Weima has stopped serving. According to the National Enterprise Bankruptcy and Reorganization Case Information Network, Weima Automotive Technology Group Co., Ltd. has applied for bankruptcy and reorganization.
Volkswagen Group delivered 298800 vehicles in the Chinese market in September, a year-on-year decrease of 0.9%
On October 13th, Volkswagen Group released delivery data on its official website: in September 2023, Volkswagen Group delivered 830600 vehicles globally, a year-on-year increase of 9.9%; Among them, the delivery volume in the Chinese market was 298800 units, a year-on-year decrease of 0.9%. From January to September 2023, Volkswagen Group delivered 6715800 vehicles globally, a year-on-year increase of 10.9%; Among them, the delivery volume in the Chinese market was 2289100 units, a year-on-year decrease of 3.0%.
Tesla: North American referral rewards lowered, domestic referral rewards closed by the end of October
According to Tesla's North American official website, Tesla has recently made adjustments to its local referral reward policy: car buyers who order the S3XY model through friend referrals have received a referral reward that has decreased from $500 to $250; The point reward of 10000 points for the referral remains unchanged. This is Tesla's second referral policy adjustment for the North American market in the second half of this year - as early as early September, Tesla lowered the referral bonus for Model S/X buyers from $1000 to $500, and lowered the referral bonus points from 20000 to 10000.
Porsche China delivered 60748 vehicles in the first three quarters, a year-on-year decrease of 12%
Porsche announced on its official website that in the first three quarters of this year, it delivered a total of 242722 cars to customers, a year-on-year increase of 10%. In the Chinese market, Porsche delivered 60748 vehicles from January to September, a year-on-year decrease of 12%.