Baoneng auto arm cuts jobs sharply

Baoneng Group’s automotive arm started to cut jobs again, a local media outlet reported on Tuesday. From last year, the employee number of the arm were reduced from 23,000 to 8,400 and every week may see the dimission of hundreds of employees.

Huawei publicizes new patent application

Recently, Huawei made public a patent application which is a way and device to control vehicles. The patent-pending technology can be used on intelligent vehicles, connected and autonomous vehicles to improve user experience.

MIIT supports hydrogen engines

The Ministry of Industry and Information Technology of the People’s Republic of China will support the development of zero-emission hydrogen engines and will help to formulate the segment’s development strategy.

China’s auto export doubles in July

The export of China-made vehicles jumped 102.5% year on year in July, hitting a record high, thanks to the explosive growth in the export of new energy vehicles.

Zeekr sets up new company

Hangzhou Zeekr Automobile Sales Service Co., Ltd. was registered on August 6. With a registered capital of RMB10 million, the new company’s business includes sales of new energy vehicles, sales of vehicle parts and sales of charging piles.

Great Wall Motor July sales down 9% MoM

Great Wall Motor (GWM), one of the top SUV and pickup manufacturers in China, sold 91,555 new vehicles in July, up 16.9% year on year but down 9.05% month on month. By the end of July, the group’s year-to-date sales totaled 709,766 vehicles, jumping 50% from a year ago.

Evergrande Auto expected to record net loss in H1 2021 mainly due to NEV development

China Evergrande New Energy Vehicle Group Limited (Evergrande Auto), whose Chinese parent is the property conglomerate Evergrande Group, announced on Monday is expected to record a net loss for the first half of 2021 of roughly 4.8 billion yuan ($740.147 million), versus the net loss of around 2.45 billion yuan ($377.783 million) for the year-ago period.

NIO teams up with Shanghai’s Lingang Group for NEV tech innovation, smart mobility service

NIO and Shanghai Lingang Economic Development (Group) Co.,Ltd. (Lingang Group), the largest industrial park developer in Shanghai, entered into a strategic partnership on August 9 to co-work on promoting the development of local new energy vehicle (NEV) industry.

NIO, Lingang Group signing agreement; photo credit: Lingang Group

Changan Auto July sales up 7.89% YoY

Changan Automobile sold 177,941 vehicles in July, up 7.89% year on year while its cumulative sales in the first seven months increased by 38.44% to 1,378,788 vehicles, according to the automaker.

China's locally-made PV deliveries fall 6.4% YoY in July 2021

In July 2021, around 1.523 million locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) were handed over to consumers in China, representing a year-on-year drop of 6.4% and a month-on-month decline of 5.2%, according to the China Passenger Car Association (CPCA).

Tesla sells 32,968 China-made vehicles in July

Wholesale sales of China-made Tesla vehicles totaled 32,968 vehicles in July, 207 vehicles less than the volume of the previous month, according to the China Passenger Car Association (CPCA). By the end of July, the year-to-date wholesale volume of China-made Tesla vehicles amounted to 194,711 units.