On September 27, at the 2024 World New Energy Vehicle Conference, BMW Group Director Gao Le shared BMW’s insights on low-carbon transformation and global cooperation, and expressed optimism about the development prospects of China’s new energy vehicle market. BMW adheres to the strategy of advancing multiple technology paths in parallel, and vigorously promotes the development and application of hydrogen technology while continuing to push forward with electrification. “The low-carbon transformation of the automotive industry is by no means a one-day process, and the BMW Group firmly believes that ‘technological openness’ is the only sustainable path toward a carbon-neutral future, in order to meet the diverse needs […]
On September 29, 2012, Azalea announced that it has signed a strategic investment agreement with Hefei Jianheng New Energy Vehicle Investment Fund Partnership (Limited Partnership), Anhui High-Tech Industrial Investment Company Limited, and China Merchants Investment Management Company Limited (collectively, the “Strategic Investors”). (collectively, the “Strategic Investors”). The Strategic Investors are the three existing shareholders of Azalea Holdings Limited (“Azalea China”). According to the agreement, the Strategic Investors will subscribe for new shares of Azalea China with RMB 3.3 billion in cash, and Azalea will invest RMB 10 billion in cash to subscribe for new […]
According to Reuters, on September 27, the U.S. Department of Commerce said that if proposed U.S. rules restricting the use of Chinese hardware and software in connected and self-driving cars are enforced, U.S. auto sales could drop by as much as 25,841 units per year and vehicle prices could rise. The U.S. Department of Commerce has said that U.S. automakers and other companies selling vehicles in the U.S. could become less competitive in the global marketplace because their vehicles sell at relatively higher prices. It is estimated that between 1,680 and 25,841 fewer vehicles will be sold in […]
According to Bloomberg, 50 companies including Volvo Cars, Rivian, Uber Technologies Inc. and IKEA of Sweden AB and Spain’s electric utility Iberdrola SA have urged the European Union to stick to its plan to ban the sale of new fuel cars from 2035 and said the auto industry needs clear policies in order to invest and work towards the EU’s goals. Electrification is the biggest action the automotive industry can take to reduce its carbon footprint,” said Jim Rowan, CEO of Volvo Cars. It is crucial that the EU’s carbon emissions targets for 2035 are set in order to […]
According to Reuters, on October 4, the Society of Motor Manufacturers and Traders (SMMT) warned that the UK electric vehicle market may not be able to achieve its expected targets under the Zero Emission Vehicle (ZEV) regulations by 2024 and called on the New Labour government to introduce incentives to encourage private consumers to accelerate their shift to electric vehicles. The above is reportedly from an open letter to Chancellor of the Exchequer Rachel Reeves, which was signed by several automakers and SMMT CEO Mike Hawes, who reiterated his call for (the UK government) to halve the tax on […]
According to the latest statistics, a total of 39,931 new cars were delivered in September. From January to August, the average transaction price of all models of Harmony Zhixing reached 399,000 yuan, which was further increased compared with 381,700 yuan in July. At present, Harmony Zhixing has three brands, Wenjie, Zhijie and Xiangjie, and six models are on sale. The best single model delivery performance is the Wenjie New M7 series, with a total of 16,805 new cars delivered in September, a month-on-month increase of 63.8% compared with August. Since the upgrade in September 2023, the cumulative delivery of the Wenjie New M7 series has reached 200,000 vehicles. […]