Industry dynamics

ZXZC Daily: BYTON enforced to pay RMB14.3 million

Publishtime:1970-01-01 08:00:00 Views:45

With ZXZC Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

BYTON enforced to pay RMB14.3 million

The relating company of the once high-profiled BYTON, Nanjing Zhixing New Energy Automotive Technology Co., Ltd. was announced subject to an execution for RMB14.3 million ($2.24 million) by the intermediate people’s court of Nanjing. 

ZXZC Daily: BYTON enforced to pay RMB14.3 million

M-BYTE; photo credit: BYTON

China opens ten cities for second batch V2X demonstration 

Ten more Chinese cities have been appointed to be the second batch of testing zones for smart city infrastructure and intelligent connected vehicle development, including Chongqing, Shenzhen, Xiamen, Nanjing, Jinan, Chengdu, Hefei, Cangzhou, Wuhu and Zibo. 

McLaren to recall 740 vehicles in China 

Due to faulty airbags, McLaren will recall 740 vehicles with the said potential risk in China, and replace the airbags free of charge. 

ZXZC Daily: BYTON enforced to pay RMB14.3 million

720s; photo credit: McLaren

Volkswagen to recall 1,540 vehicles in China 

Volkswagen will recall 1,540 Beetles, Scirocco and Golf vehicles in China, due to potential safety hazard caused by faulty accumulators. 

ZXZC Daily: BYTON enforced to pay RMB14.3 million

Beetle; Photo credit: Volkswagen

Subaru to recall 2,378 OUTBACK vehicles in China

Due to the imperfect automatic emergency braking system, which might lead to accidents, Subaru will recall 2,378 units of the 2021 OUTBACK model in China. 

ZXZC Daily: BYTON enforced to pay RMB14.3 million

OUTBACK; photo credit: Subaru

Dongfeng Group Nov. sales come strong in PV sector

China’s major auto group, Dongfeng Group, witnessed extraordinary results in its November passenger vehicle sales, but not so much in the commercial vehicle sector.

WM Motor, China Unicom’s Shanghai unit to team up on industrial Internet, 5G application

WM Motor and China Unicom's Shanghai branch entered into an agreement earlier this week for the strategic collaboration on industrial Internet, 5G-enabled applications, cloud service, and other fields related to digital transition for enterprises.

Honda Motor’s China auto retail sales dip 1.8% YoY amid supply crunch

Honda Motor (called “Honda” for short) said on Friday its China auto retail sales in November reached 136,685 units, plunging 20.2% from the year-ago period due to the impact of component supply constraint.

Geely said to launch third-party accessible ride-hailing platform in Chongqing

Geely Holding is reportedly launching a new online ride-hailing platform to offer its own service as well as service from third-party mobility providers based in Chongqing, a person close to the matter disclosed to a local media outlet.

Tesla China to recall 21,599 China-made Model Ys for suspension knuckle issue

From now on, Tesla (Shanghai) Co.,Ltd. will recall a total of 21,599 made-in-China Model Ys that were manufactured between Feb. 4, 2021 and Oct. 30, 2021, in order to fix a potentially dangerous suspension defect, according to a recall plan Tesla filed to China State Administration for Market Regulation (SAMR).

Former VW China icon Soh Weiming said to set up EV company with investments from Dongfeng Motor

Soh Weiming, an iconic former senior executive of Volkswagen AG in China, was discovered setting up a new automobile business recently, according to local media outlet, Cailian Press.