Japanese automotive giant Honda Motor announced on December 8 that it will purchase about 123GWh in vehicle batteries from China's CATL from 2024 to 2030. These products will be produced centrally at CATL's Yichun Factory.
Tesla CEO Elon Musk has reportedly confirmed the individual to replace him as CEO of the firm. Tom Zhu, Tesla's current global vice president and CEO of Greater China, will take up this high-profile position.
According to a news released by the China Passenger Car Association (CPCA) on December 5, Tesla's Shanghai Gigafactory delivered 100,291 electric vehicles in November, setting a new monthly delivery record again.
The new energy vehicle subsidies issued by the Chinese government for the past 13 years are scheduled to end this year. However, the vast majority of domestic NEV enterprises have not yet achieved profitability, and are still investing in large-scale research and development.
On December 1, Tesla announced its recall of 142,277 Model 3s manufactured in China between December 27, 2020 and November 7, 2022, as well as 292,855 Model Ys manufactured between January 1, 2021 and November 11, 2022.
In recent days, reports about a chip joint venture in China between Tesla and Swiss semiconductor company Annex have attracted a lot of attention, but on November 30, Tesla China said that the EV maker has not established a chip company in China.
On the afternoon of November 28, a collision between multiple vehicles occurred in Taizhou, China's Zhejiang Province. During the accident, a Tesla Model Y collided with two cars, causing two deaths, one injury, and serious damage to all vehicles involved.
China's automobile and coffee industries have been getting closer and closer lately. In October of this year, domestic electric vehicle maker NIO applied for several trademarks related to coffee in a bid to search for new growth points.
A fire broke out on November 24 at an auto interior shop in Shanghai, damaging about 12 luxury cars. Although the cause of the fire is still under investigation, several bloggers claimed that a Tesla Model Y was the source. Tesla has denied this speculation.
Following recent cuts made by Tesla to its electric vehicle prices in the Chinese market, BYD announced on November 23 that it will increase the prices of its Dynasty series, Ocean series and Denza vehicles, ranging from 2,000 yuan ($279) to 6,000 yuan ($838).
Liu Tao, the co-CEO of Alibaba-backed IM Motors, commented on a recent fatal incident involving a Tesla vehicle in China. The executive believed that the Amercian EV maker had resorted to incredible excuses and even caused vehicle owners to monitor brake pedals with cameras.
After Tesla launched its "price reduction promotion" in China, the market began to wait and see whether other new energy vehicle brands would follow suit. Recently, XPeng Motors, a Chinese new energy vehicle manufacturer, seemed to follow the move.
A Tesla vehicle in China crashed recently after it suddenly lost control. The question of whether or not the driver pressed the brake pedal has become a controversial issue. This incident has sounded the alarm for many Tesla car owners, one of whom has installed cameras to monitor its braking system.
A Tesla Model Y in Chaozhou, China's Guangdong Province was recently suspected to have lost control while driving at a high speed for 2.6 kilometers, causing two deaths and three injuries. The maximum speed of the vehicle reached 198 km/hour.
On November 10, Chinese electric vehicle maker NIO released its financial report for the third quarter of 2022. The company achieved revenue of 13.002 billion yuan ($1.81 billion) in the period, up 32.6% year-on-year and achieving positive growth for 10 consecutive quarters.
China's auto market experienced challenges in October. Tesla's late October price reduction in China raised questions regarding whether or not there will be price reductions by other new energy vehicle enterprises in the country.
BYD's high-end brand is tentatively scheduled to be officially launched in the first quarter of 2023, with the price of the first model exceeding one million yuan ($137,678).
At the fifth China International Import Expo (CIIE), which opened on November 5, Tesla displayed its Model 3, Model Y, Model S Plaid, Model X Plaid, and Tesla Bot, a conceptual general-purpose robotic humanoid.
On November 3, BYD announced that it had achieved a sales volume in October of 217,800 new energy vehicles, a record high and the second consecutive month that the figure surpassed 200,000 units.
Tesla has reportedly closed its first flagship showroom in China, located in Beijing's upscale Parkview Green shopping mall, in a bid to adjust its sales and services strategy in the country. Tesla sales staff in China said that the high rent caused the store's closure.