CnEVPost Newsletter: Xiaomi EV production timeline; Huawei computing unit production issues
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.
The computing unit, called the MDC 810, powers advanced driver assistance systems, according to Reuters.
BYD plans to have the Hungarian plant, which will produce passenger car models for sale in Europe, up and running within three years.
BYD currently has a network of more than 10 dealers in the Philippines and seven in Singapore.
Xpeng said it will begin development of globally available highway NGP in 2024 and globally available XNGP functionality in 2025.
Great Wall Motor has brought in talents with direct store management experience, including a former retail director at Li Auto, according to local media.
GAC Aion's Thailand plant will be built in two phases, with the first phase scheduled for completion in July 2024.
China's passenger NEV retail sales stood at 596,000 units in January 1-28, up 92 percent from a year earlier but down 24 percent from a month earlier, data from the CPCA showed.
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.
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