Cui Dongshu from the China Association of Automobile Manufacturers: Shanghai's Green Card New Policy Adjustment is Relatively Moderate
On December 17th, Cui Dongshu, Secretary General of the National Passenger Car Market Information Joint Conference, issued a document stating that Shanghai has released the "Implementation Measures for Encouraging the Purchase and Use of New Energy Vehicles" 2024, which continuously provides free special license plate quotas to support the development of new energy vehicles. Through multiple rounds of policies, positive results have been achieved. Compared to last year's exemption from license plates for mixed ownership exits, this year's policy adjustments have been relatively mild and have had a relatively small impact on the car market.
NIO 150kWh endurance test final result 1044 kilometers
On December 17th, NIO CEO Li Bin departed from Shanghai and conducted a live broadcast to test the range of a 150kWh ultra long battery pack. In the end, the test drove for a total of 12.4 hours, and the test result was a mileage of 1044 kilometers.
Li Bin announced during the live broadcast that the NIO executive flagship sedan ET9 will make its debut at the 2023 NIO Day event on December 23. Meanwhile, the 150 degree ultra long endurance vehicle power battery tested this time is a soft pack CTP battery, which uses battery cells independently developed by NIO and has an energy density of 360Wh/kg. It is reported that the battery pack can adapt to all models of NIO's first and second generation platforms and is expected to be mass-produced in April next year.
Lei Jun: 3400 engineers were invested in the first car, and the entire R&D investment exceeded 10 billion yuan
According to CCTV news, Lei Jun, Chairman of Xiaomi Group, said that he believes Xiaomi has many natural advantages in making cars, because the essence of smart electric vehicles today is the integration of the automotive industry and consumer electronics industry, which is a big integration. Therefore, entering the automotive industry poses challenges for Xiaomi, and overall, the difficulty is controllable. Lei Jun said, "We invested 3400 engineers in our first car, and the entire R&D investment exceeded 10 billion yuan. We invested more than 10 times more. With this confidence, I did it in a way that was determined to be successful."
Yihi Car Rental has reached a strategic partnership with FAW Toyota
According to the Shanghai Securities News, Yihi Renche and FAW Toyota will engage in in-depth cooperation in multiple fields such as new car sales, second-hand car circulation, after-sales maintenance, automotive finance, brand linkage, and member marketing. FAW Toyota will gradually deliver best-selling models including the Asian Dragon, Asian Lion, Rongfang, Corolla, Landfang, and Greyvia to Yihi Renting.
Xiaopeng Motors: Alibaba's reduction of holdings is a strategy to implement its investment realization, and currently remains the second largest shareholder of the company
In response to Alibaba's partial reduction of equity in Xiaopeng Motors, Xiaopeng Motors responded today that Alibaba's reduction was in line with its Q3 quarterly report's strategy of realizing investment returns for shareholders, rather than due to a change in views on Xiaopeng Motors. Alibaba will continue to be the second largest shareholder of Xiaopeng, holding approximately 8% of the shares, and will continue to engage in deep strategic cooperation with Xiaopeng Motors in areas such as cloud computing. In addition, Xiaopeng Automobile emphasized that it has established a strategic cooperation with Volkswagen this year. Volkswagen is currently Xiaopeng's third largest shareholder, and Xiaopeng currently has over 40 billion yuan in cash on hand. In the second half of the year, its positive free cash flow reached billions of yuan, indicating abundant cash and significant improvement in cash flow.
Nissan: Consider exporting electric vehicles produced and developed in China to overseas markets
On December 17th, Masashi Matsuyama, General Manager of Nissan (China) Investment Co., Ltd., announced that Nissan is considering exporting its existing internal combustion engine vehicles produced and developed in China, as well as its upcoming pure electric and hybrid vehicles, to overseas markets.
Earlier that day, Nissan announced the establishment of a joint research center with Tsinghua University to launch joint research on a new topic starting from 2024. The research topic focuses on effective communication methods for Generation Z, as well as the role and social responsibility of enterprises in the electric vehicle (EV) ecosystem, including charging infrastructure, battery recycling, reuse, and energy management.
Hyundai Motor and Abu Dhabi Sovereign Wealth Fund sign a memorandum of understanding to cooperate in areas such as environmental protection and transportation
According to the agreement, both parties will jointly expand their modern resource recovery hydrogen production business and green steel production business. In addition, both sides will cooperate to build electric vehicle charging infrastructure in the Iberian Peninsula, as well as supply hydrogen vehicles and develop electric fuel.
German electric vehicle subsidy plan of 4500 euros ends prematurely
On December 17th, according to Reuters, Germany's electric vehicle subsidy program will end prematurely. At the end of December 17, 2023, new applications for subsidies for purchasing electric vehicles will no longer be accepted, and subsidies already applied for will be issued.
According to the policy, subsidies for electric vehicles should not expire until at least 2024. On December 13th, German Economy Minister Habeck agreed to cancel subsidies for electric vehicles ahead of schedule.
The background of this decision is the ruling of the Federal Constitutional Court, which reduced the country's national budget by 60 billion euros (65.36 billion US dollars) and forced the government to shelve some projects aimed at accelerating Germany's green transformation. Therefore, the new budget must be streamlined.
Domestic hybrid models in South Korea achieved their highest monthly sales in November
Hybrid cars account for the largest proportion of domestic car sales in South Korea compared to diesel cars. According to various fuel types in the first 11 months of this year, hybrid vehicles accounted for 19% of sales, second only to gasoline vehicles (49.2%). The proportion of diesel vehicles decreased by 2.9 percentage points year-on-year, dropping to third place at 18.6%. Last year, the sales proportions of diesel and hybrid vehicles were 21.5% and 13.3% respectively, while this year's sales map has changed.