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.
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 signs preliminary land purchase deal for its NEV plant in Hungary
BYD plans to have the Hungarian plant, which will produce passenger car models for sale in Europe, up and running within three years.
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.
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.
Great Wall Motor looking to open direct sales outlets, with initial numbers likely to be around 100
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 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.
China NEV retail sales at 596,000 in Jan 1-28, down 24% from same period last month
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.
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.