In response to recent rumors that Subaru China, a joint venture automobile brand, is considering withdrawing from the Chinese market, an official statement was issued on August 30, denying the rumor and reaffirming its close attention to the Chinese market.
Cui Dongshu, Secretary General of the China Passenger Car Association, posted to his public WeChat account on August 29, saying that the global trend of new energy passenger cars will remain strong in 2022.
Chinese automaker BYD is expected to release a new high-end brand in Q4 of this year targeting the market priced above 1 million yuan ($145,936).
Recently, some netizens posted on Chinese social media platforms that the new energy quota approval for XPeng's P7 and P5 models has been stopped since July, due to its violation of Shanghai New Energy Office's policies.
China will extend its exemption of new energy vehicles from purchase taxes to the end of 2023, according to results of the State Council executive meeting on August 18. This is the third time that China has extended the policy.
On August 18, China's Ministry of Science and Technology and other eight departments announced the "Implementation Plan of Carbon Peaking and Carbon Neutralization Supported by Science and Technology (2022-2030)."
News emerged that BYD Frigate 07 will start pre-sales at the Chengdu Auto Show on August 26 and will then be listed at the end of September. This model has passed the declaration of the MIIT in the first half of this year.
By the end of June 2022, the number of motor vehicles in China had reached 406 million units, including 310 million cars and 10.01 million new energy vehicles.
On August 8, the southern Chinese metropolis of Guangzhou put a first batch of 24 hydrogen-powered sanitation trucks into operation in its Huangpu District.
On August 9, the China Passenger Car Association released its market analysis report for July. In the past month, the retail sales of passenger cars in the country reached 1.818 million units, up 20.4% year-on-year.
The first batch of "Hydrogen Energy-Powered Passenger MPVs," composed of SAIC MAXUS Mifa car models, was unveiled on August 4.
On August 4, Kaixin Auto announced that it had obtained targeted investment intentions totaling $700 million from several investment institutions.
Chinese electric vehicle firm BYD disclosed its July production and sales report on August 3. The company produced 163,358 new energy vehicles in July, a year-on-year increase of 221.70%.
South Korean firm SNE Research released its global rankings on August 2 of power battery companies by installed capacity during the first half of 2022, showing CATL, LG Energy Solution and BYD in the top three spots.
Super Panther, a Chinese new energy heavy truck slider chassis developer, announced on August 1 that it has obtained strategic financing totaling tens of millions of yuan from Sequoia China Seed Fund and Shunwei Capital.
In addition to its NIO and ALPS brands, Chinese electric vehicle maker NIO is reportedly planning to launch a third automobile brand to cover the market below 200,000 yuan ($29,620).
Wang Yang, the founder and CEO of NaaS Technology Inc., a charging services company, said that calculated on the basis of 80 million new energy vehicles in China by 2030, the growth will require at least 20 million public charging piles and 30 million private charging piles at that time.
On July 26, digital mapping company NavInfo announced that its subsidiary, charging service provider Matrix Mobility, had reached a deal with NaaS.
On July 25, the first dual-brand new energy vehicle repair station of Contemporary Amperex Technology Co., Limited (CATL) and Bosch's after-sale auto services arm in China, officially opened.
Deep Blue SL03, the latest vehicle model produced by Changan Automobile's Deep Blue brand, opened for sales on July 25. The new model is equipped with more than ten intelligent driving assistance systems, and has 15 sensing components.