Beijing-based automated driving company Haomo.AI signed a strategic cooperation agreement on September 5 with NavInfo, a Chinese digital map developer.
The Changsha branch of BYD Semiconductor Co., Ltd., a subsidiary of Chinese automobile manufacturer BYD, announced on September 5 that its key project, an 8-inch auto-grade chip production line, had been successfully installed.
Lei Jun, the founder and CEO of Chinese tech firm Xiaomi, said that the race in the EV industry was just getting started, "and I think Xiaomi has plenty of opportunities."
As of September 7, three leading Chinese new energy vehicle (NEV) enterprises, including NIO, XPeng Motors and Li Auto, had successively released their financial reports for the first half of 2022. The combined losses of three firms amounted to nearly 9.6 billion yuan ($1.38 billion).
On September 8, China's smart electric vehicle brand Leapmotor announced that the first batch of 60 mini electric vehicles, the T03, were exported to Israel, opening the first step of the brand's overseas expansion.
On September 7, Hanma Technology, which focuses on the manufacturing of heavy-duty trucks, reiterated that it would cease its production of fuel vehicles in 2025 and instead enter the field of new energy heavy-duty trucks.
The production capacity of "Leishen Powertrain" hybrid vehicle models by Geely Automobile may reach 30,000 units per month in the fourth quarter of this year, and 60,000 units per month by the second quarter of next year.
Honda's China division announced on September 7 that it had signed a memorandum of strategic cooperation with Chinese battery giant CATL. Honda also will jointly establish a new venture in China at the end of September.
T3 Mobility, a Chinese online ride-hailing services provider, has joined Huawei's aggregated service platform for the industry, Petal Travel.
Richard Yu, CEO of Huawei's Consumer BG, released the AITO M5 EV, the first pure electric vehicle model from the AITO brand.
Meituan, a Beijing-based e-commerce platform that provides local life services, is now quietly laying out operations involving power batteries for the upstream new energy vehicle industry.
A screenshot of an internal BYD announcement shows that due to the sharp increase in raw material prices and the decline of China's subsidies for new energy vehicle purchases, BYD will adjust the suggested retail price of some of its new cars.
Shenzhen-based automotive firm BYD offered various updates on vehicle delivery time, the launch of its fifth-generation DM-i technology in 2024, and the firm's approach to next year's falling subsidies.
On September 1, mainstream Chinese new energy vehicle (NEV) enterprises announced their delivery results for the month of August. The delivery volume of NETA Auto was 16,000 units, ranking first in the delivery list of new Chinese carmakers in the month.
Historic heatwaves have swept across central China this summer, raising the stakes in a bid by authorities to transform the domestic automotive sector.