Production issues with Huawei computing unit hit some Chinese automakers, report says
The computing unit, called the MDC 810, powers advanced driver assistance systems, according to Reuters.
BYD plans to open over a dozen outlets in Singapore and Philippines in 2024
BYD currently has a network of more than 10 dealers in the Philippines and seven in Singapore.
GAC Aion begins construction of its Thailand plant with designed capacity of 50,000 cars per year
GAC Aion's Thailand plant will be built in two phases, with the first phase scheduled for completion in July 2024.
Xiaomi to begin mass production of its 1st EV model in Feb, output expected to reach 10,000 in Jul, report says
Xiaomi EV plans to see production of the SU7 reach around 2,000 units in March and complete capacity ramp-up by mid-2024, according to local media.
Chinese lithium producers expect net profit to plunge in 2023 on falling lithium prices
Lithium producers including Ganfeng and Tianqi expect their net profits in 2023 to be much lower than in 2022, with the common reason being a sharp drop in lithium prices.
Xpeng to start developing globally available smart driving features in 2024
Xpeng said it will begin development of globally available highway NGP in 2024 and globally available XNGP functionality in 2025.
Nio reaches deal with local firm for production of SiC modules
United Nova said it will be the production supplier for Nio's first in-house developed 1200 V SiC module, helping the EV maker build on its leadership position in the 900 V high-voltage platform.
CATL expects profit growth of up to 48% in 2023
The earnings preview implies CATL returned to net profit growth in the fourth quarter, after seeing a sequential decline in the third quarter.
China EV insurance registrations for week ending Jan 28: Nio 3,300, Xpeng 2,200, Li Auto 8,500, Tesla 12,800
For the January 1-28 period, Nio was 9,900 units, Xpeng 6,800, Li Auto 27,100, Tesla 35,200 and BYD 168,500.
Analysts explain why BYD's average profit per car fell in Q4
BYD's average profit per vehicle fell by about RMB 1,400 in the fourth quarter from the third quarter, mainly due to promotions through discounts and incentives offered to dealers, a team of analysts said.