Xiaopeng Motors Discloses P7 Accident Investigation Data
On March 1st, Xiaopeng Automobile Weibo reported that before the Xiaopeng P7 traffic accident on the morning of February 29th, the vehicle was in normal condition without activating the auxiliary driving function. Before the collision, there was high-speed driving behavior, with a maximum speed of 169km/h and a speed of 145km/h.
BYD Corporation: Sales of 122300 new energy vehicles in February
On March 1st, BYD announced on the Hong Kong Stock Exchange that the sales of new energy vehicles in February were 122300 units, compared to 193700 units in the same period last year; This year, the cumulative sales volume was 323800 units, a year-on-year decrease of 6.14%.
The cumulative retail sales of Hongqi brand from January to February exceeded 65000 vehicles
China FAW sold 448000 vehicles from January to February, a year-on-year increase of 17.7%; The cumulative retail sales of Hongqi brand from January to February exceeded 65000 units, a year-on-year increase of 37.56%.
Geely Automobile: The total sales of automobiles in February reached 111400 units, a year-on-year increase of 3%
Geely Automobile announced on the Hong Kong Stock Exchange on March 1st that the total sales of automobiles in February were 111400 units, a year-on-year increase of 3%; This year, the cumulative sales volume was 323900 units, a year-on-year increase of 55%.
Great Wall Motors: Sales of new energy passenger vehicles in February reached 12253 units, a year-on-year increase of 46.92%
Great Wall Motors handed over its sales report for February: the sales of new energy passenger vehicles in February were 12200 units, a year-on-year increase of 46.92%; The total sales of new energy passenger vehicles from January to February were 37200 units, a year-on-year increase of 154.15%.
Li Xiang: The blue collar income in the Ideal Automobile Factory will surpass that of developed countries in Germany and Japan within 3 years
On March 1st, Li Xiang, CEO of Ideal Automobile, stated at the 2024 Spring Launch Conference that he is willing to pay higher wages. Whether in Beijing or Changzhou, the income of frontline manufacturing employees is more than 30% higher than the average income of the local manufacturing industry.
Li Xiang said, "There are both retired military personnel and newly graduated students among them. With the healthy development of the enterprise and the growth of employees, our goal is to enable all the craftsmen in the Ideal Automobile Factory to receive the same level of income and achievements as developed industrial countries such as Japan and Germany within 3 years, so that every employee of Ideal Automobile can have growth, achievements, and rewards."
Zhiji Automobile received over 8 billion yuan in Series B equity financing
On March 1st, SAIC Group's subsidiary, Zhiji Automobile, announced that it had obtained a Series B equity financing of over 8 billion yuan. Bank of China's subsidiary, Bank of China Asset Management, led the investment, with joint participation from Agricultural Bank of China Investment, Lingang Group, and other technology companies such as Ningde Times, Momenta, and Qingtao Energy; Meanwhile, SAIC Group, ICBC Investment, and Bank of Communications Investment continue to make additional investments.
GAC Mitsubishi Renamed Zhixiang Automobile Management Company, Japanese Shareholders Exited
On March 1st, GAC Mitsubishi Automobile Co., Ltd. underwent a business registration change, with the company name changed to Hunan Zhixiang Automobile Management Co., Ltd. At the same time, Mitsubishi Automobile Industry Co., Ltd. and Mitsubishi Corporation withdrew from the shareholder list, and the company's business scope added new energy vehicle sales, parking lot services, etc.
Tianqi Shares: Winning the bid for the BMW Mexico Factory Battery PACK project
Recently, Tianqi Group won the bid for the BMW Mexico factory battery PACK project. This project is the third collaboration with BMW on the battery pack production line, following the 2023 BMW Shenyang Factory Battery Pack Line Phase I and BMW Shenyang Factory Battery Pack Line Phase II projects. The project includes the transportation of battery packs and intelligent storage systems.
Tesla USA increases the price of the Model Y rear wheel drive and long range versions by $1000
On March 1st, Tesla raised the prices of the Model Y rear wheel drive and long endurance versions by $1000 to $43990 and $48990 respectively in the United States. In the Chinese market, Tesla China launched multiple discount measures for Model 3 and Model Y on the same day, with a maximum discount of 34600 yuan.
Volkswagen's preliminary adjusted operating profit for 2023 is 22.58 billion euros, higher than estimated
Volkswagen announced on March 1st that its preliminary annual revenue for 2023 is 322.28 billion euros, with an estimated 315.32 billion euros; The preliminary adjusted operating profit for the whole year is 22.58 billion euros, with an estimated 21.93 billion euros; The preliminary data for the annual delivery volume is 9.24 million, with an estimated 8.5 million.
Nissan and American electric vehicle manufacturer Fisker are in in-depth negotiations on cooperation matters
Sources say that Nissan and American electric vehicle manufacturer Fisker are in deep negotiations on cooperation, and the deal may end this month, but it has not yet been finalized. The terms of the cooperation agreement may include Nissan's investment of over $400 million in the Fisker truck platform to build its own electric pickup truck on the Fisker platform, as well as Nissan's production of Alaska electric pickup trucks for Fisker starting from 2026 at Nissan's US factory.
Hyundai Motor's total sales in February in the United States were 60000 units, while Kia's sales in the United States were 59000 units
Hyundai Motor USA announced on March 1st that its total sales for February were 60000 vehicles, a year-on-year increase of 6% and a historic high. In addition, Kia Motors USA announced on March 1st that its February sales were 59000 vehicles.
Ford recalls 18244 F-650 and F-750 vehicles in the United States due to possible parking brake failure
The National Highway Traffic Safety Administration of the United States has revealed that Ford Motor Company recently recalled a total of 18244 2023-2024 F-650 and F-750 vehicles due to possible parking brake failure, resulting in the release of the brake lever without pressing the release button.