Chinese electric vehicle maker XPeng Motors delivered 5,101 units in October, an annual decrease of 49.7% and a quarterly decrease of 39.8%. In the capital market, the firm's performance has been even worse.
At a press conference on November 16, Wang Chuanfu, Chairman and President of Chinese EV firm BYD, said that in addition to its new high-end vehicle brand Yangwang, the company will also launch a professional and personalized brand in 2023, which will be built and created together with BYD customers.
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.
Chinese new energy vehicle firm BYD announced on November 13 that the standard range version of its ATTO 3 model (the Yuan Plus in China), featuring an NEDC of up to 410 km.
Geely-owned new energy vehicle brand Farizon Auto sent a batch of E200S small trucks from Shenzhen Port to Chile on November 10. Followed by Farizon’s vehicle delivery to Costa Rica in June 2022, the shipment marks Farizon’s continuous market expansion in South America.
BYD has a total of seven models among the top 20 sales spots in the world. Among them, Qin Plus ranks 5th, Han ranks 6th, Dolphin 7th, Yuan Plus 8th, Tang 10th and Destroyer 05 17th.
Beijing Benz, a joint venture between Mercedes-Benz and Chinese automaker BAIC Motor, filed a recall plan on October 28. The move expands a recall plan for certain EQA, EQB and EQC electric vehicle models released on February 18, 2022.
JIDU, an intelligent electric vehicle company backed by Chinese tech giant Baidu and automotive leader Geely, officially released its first-ever robocar, ROBO-01 Lunar Edition. Priced at 399,800 yuan ($55,253), it is a co-branded model in cooperation with the China’s Lunar Exploration Project.
Tesla announced price adjustments for mainland China on October 24. Subsequently, many Tesla car owners in China who had recently made orders set up "rights protection groups" on WeChat, but some were taken in by fraudsters.
World-leading asset manager BlackRock launched a reduction in BYD H shares, bringing its shareholding ratio from 6.21% to 5.85%.
BMW will invest another 10 billion yuan ($1.38 billion) to expand its high-voltage battery production center in China's northeastern city of Shenyang, and that it will generally increase investment in battery projects in the country.
Young Liu, Chairman and CEO of Taiwan-based electronics manufacturing giant Foxconn, affirmed during the firm's annual Hon Hai Tech Day on October 18 that "I hope one day we can produce electric cars for Tesla."
NETA Auto, a new energy vehicle brand under Chinese firm Hozon Auto, signed a strategic cooperation agreement with Myanmar Grand Sirius Company Limited (GSE) on October 10, marking its official entrance into the Southeast Asian country.
German auto company BMW Group said that the Oxford factory will suspend the production of electric vehicles, but will not stop the production of MINI models.
Car companies such as China's BYD, Germany's Mercedes-Benz and Volkswagen, as well as Japan's Suzuki, are increasingly eyeing India's new energy vehicle market.
On October 11, ZF Friedrichshafen AG, also known as ZF Group, the world's leading automotive technology supplier, signed a strategic cooperation agreement with NIO, a Chinese new energy brand, in Munich, Germany.
On October 11, the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA), guided by China's National Energy Administration, released the state of operations of the national electric vehicle battery charging and swapping infrastructure in September.
On the afternoon of September 30, Chinese new energy vehicle firm Li Auto held a product launch event for the highly-anticipated Li L8 SUV.
Xiaomi's first engineering prototype car had been completed on September 28. The next important step for Xiaomi Auto will be the completion of its automobile factory by the end of the year.
NIO, one of China's leading new energy vehicle firms, announced on September 29 that its first battery swap station in Germany has officially been launched in Zusmarshausen.