Niutron, an electric vehicle firm established by Li Yinan, the founder of Chinese electric scooter firm Niu Technologies, announced on December 7 that the firm's first EV model could not be delivered quickly, and that a full refund would be made within 48 hours to more than 24,000 consumers.
Hanxing Venture Capital, a Xiaomi affiliate, recently increased its investment in Hefei-based chip firm Rhino. The company's core products are autonomous driving chips but is also involved in developing autonomous driving solutions and development tool chains.
Chinese new energy vehicle company BYD announced on December 5 that the company and its partner Motorysa, a Colombian distributor, released a new Ocean series model – the pure electric "Dolphin" sedan.
WM Motor, which is still looking for new financing channels, plans to list in Hong Kong through a reverse takeover with Apollo Smart Travel, the latter of which is mainly engaged in the travel business, vehicle platform authorization and engineering service outsourcing.
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.
Chinese new energy vehicle brand Li Auto has always positioned its car models as suitable for families. In some second-tier cities in China, however, small business owners are also becoming important consumers of Li Auto, and its cars are increasingly being used as company vehicles in this sector.
Chinese electric vehicle maker XPeng sold less than 10,000 units in both October and November, falling behind its rivals. Behind these challenges are reportedly organizational deformities.
On December 2, Chinese electric vehicle maker BYD announced that it had sold 230,427 new energy vehicles in November, up from 91,219 units a year earlier. This year's cumulative sales reached 1,628,297 vehicles, a year-on-year growth of 219.38%.
Chinese vehicle manufacturer Evergrande Auto is now in the midst of wage arrears and layoffs after plans were revealed to cut 60% of workers at its Tianjin plant.
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.
Chinese automaker BYD held a media event in Mexico on November 29, during which the firm's Han sedan and Tang SUV debuted in the country. These vehicle models are expected to be launched in Mexico in 2023.
This year, NETA Auto surpassed many of its peers in China's electric vehicle market to take the top spot in terms of overall deliveries. But the Chinese automaker is now facing questions about possibly exaggerated delivery figures.
Beijing Borgward, once billed as a rival to BMW, Mercedes-Benz and Audi, officially declared bankruptcy on November 29. The announcement explained that it was drained to pay off its debts but its current assets are not enough to settle the balances.
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.
XPeng, a leading Chinese electric vehicle company, on November 30 announced its unaudited financial results for the third quarter of 2022. Its total revenues were 6.82 billion yuan ($0.96 billion) for the third quarter, representing a year-on-year increase of 19.3%.
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.
The Frigate 07 electric vehicle model from Shenzhen-based automotive firm BYD will be launched on December 9. As a brand-new addition to BYD's Warship Series, the Frigate 07 is positioned as a five-seat medium-sized SUV.
Chinese internet giant Baidu announced plans on November 29 to build the world's largest autonomous ride-hailing service area next year. The message came during a celebration of Apollo Day, the firm's autonomous driving tech event.
Reports have surfaced that Chinese electric vehicle maker XPeng Motors recently started a self-developed batteries project. The firm later denied the rumors.