On April 24th, the first plug-in hybrid model of Geely Galaxy L7 has been officially produced at its manufacturing base.
BYD's Ocean Series five-seat hybrid SUV "Frigate" model was launched on December 9. The new car comes in six options with five colors, and the price is 202,800 - 289,800 yuan ($29,077 - $41,551) after reducing subsidies.
Certain vehicle models of FAW-Volkswagen's China-based Audi production unit that are due for manufacturing in 2023 will reportedly adopt BYD's DM-i/DM-p hybrid systems. Li Yunfei, the general manager of BYD's branding and public relations division later said that "this rumor is untrue."
In recent years, traditional Chinese car enterprises such as Great Wall Motor, BYD and Geely have made persistent efforts in the field of plug-in hybrid vehicles, opening up new space for the further development of new energy vehicles.
On October 10, Shanghai authorities issued a new policy regarding new energy vehicles. From January 1, 2023, consumers who buy plug-in hybrid vehicles (including extended-range models) will no longer enjoy the benefits of free license plates.
During the China NEV Development High-Level Forum on September 23, Wang Chuanfu, Chairman of major Chinese automobile and battery maker BYD, said that the firm will adhere to the parallel development of pure electric and hybrid technology.
93,000 multi-purpose vehicles (MPVs) were sold through wholesale in China in August this year, an increase of 15.5% month-on-month and 6.8% year-on-year.
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.
A new Wuling Asta hybrid vehicle model was released by Chinese automotive firm Wuling Motors on August 25. This model is available in two editions, with suggested retail prices of 99,800 yuan ($14,570) and 109,800 yuan ($16,030) respectively.
Geely's new Xingyue-L plug-in hybrid version has received approval from China's Ministry of Industry and Information Technology.
More than 386,100 vehicles in China were recalled in July. Geely recalled the largest number of cars, with a total of over 120,000 vehicles.
Wuling Motors announced on July 19 its Dedicated Hybrid Transmission (DHT), the world's first single-gear electromagnetic transmission.
Just as the sales of Wuling Motors' pure electric models are about to exceed one million units, the Chinese automotive firm announced on July 14 that it will officially enter the hybrid vehicle market.