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Nov 26, 2024 | 
yicaiglobal.com | Wang Fangran |Chen Shanshan |Zhang Yushuo |Tang Liuyang
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Nov 25, 2024 | 
yicaiglobal.com | Tang Liuyang
(Yicai) Nov. 25 -- The Chinese automotive industry will see quite a fierce rivalry over the next several years, which will not end until the mass elimination of new brands, according to the chief executive of Deepal Automobile Technology, the electric vehicle unit of Changan Automobile. The gross profit margin of a carmaker must be at least 15 percent for it to survive, Deng Chenghao said to Yicai in a recent interview.
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Nov 13, 2024 | 
yicaiglobal.com | Tang Liuyang
(Yicai) Nov. 13 -- Chinese automakers should avoid malicious low-price competition when expanding overseas and instead follow local rules and contribute to societies abroad, said Yin Tongyue, chairman of Chery Automobile.
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Oct 22, 2024 | 
yicaiglobal.com | Tang Liuyang
Chinese Carmakers Face Hurdles in Expanding Into European Market audio is not supported! Chinese Carmakers Face Hurdles in Expanding Into European Market (Yicai) Oct. 22 -- Chinese automakers are facing various challenges in expanding into Europe, mainly because of the shrinking European automotive market and the introduction of additional import duties on Chinese cars.
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Sep 13, 2024 | 
yicaiglobal.com | Tang Liuyang
(Yicai) Sept. 13 -- The first prototype auto produced by Chinese auto manufacturer SAIC Motor and its German partner Audi will be revealed to the public at the end of the year, and should hit the market in the first half next year, according to the chief executive officer of the Audi-SAIC joint project.
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Jul 30, 2024 | 
yicaiglobal.com | Tang Liuyang |Xiao Yisi
(Yicai) July 30 -- The price competition in China's auto market, the world’s biggest, is negatively impacting parts makers, forcing small manufacturers to let go staff or even close due to unreasonable requests for discounts and longer billing cycles.
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Jul 3, 2024 | 
yicaiglobal.com | Tang Liuyang
(Yicai) July 3 -- Huawei Technologies sold the trademarks and patents for Aito, the electric vehicle brand it co-developed with Seres Group, to the automaker to re-emphasize that it has no plans to make cars itself, according to an informed source. Huawei arranged the sale of the trademarks and patents developed under its Harmony Intelligent Mobility Alliance to reassure potential partners that it will not do any business that could compete with them, the source told Yicai.
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Jun 2, 2024 | 
yicaiglobal.com | Tang Liuyang
(Yicai) June 3 -- Aito, an electric car collaboration between China's Huawei Technologies and carmaker Seres Group, has debuted a new model to achieve its goal of selling 500,000 units a year amid increasingly fierce competition. The M7 Ultra has upgraded chassis suspension, cabin interior, and seats and Huawei's ADS 2.0, which enables high-level assisted driving without relying on high-definition maps, the Shenzhen-based firm announced on May 31.
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May 6, 2024 | 
yicaiglobal.com | Tang Liuyang
(Yicai) May 6 -- Zeekr Intelligent Technology, the electric vehicle arm of Chinese automotive giant Geely Holding Group, plans to go public on the New York Stock Exchange under the stock ticker ZK. Zeekr plans to issue 17.5 million American depository shares at a price of USD18 to USD21 apiece, with each ADR equivalent to 10 ordinary shares, according to the prospectus the new energy vehicle brand submitted on May 4.
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Apr 24, 2024 | 
yicaiglobal.com | Tang Liuyang
(Yicai) April 24 -- Aito, an electric car collaboration between China's Huawei Technologies and carmaker Seres Group, has debuted the new edition of its M5 series. The New M5 has a higher-level intelligent driving system with laser radar and upgraded seats, audio equipment, and chassis control, Huawei announced at a launch event in Beijing yesterday. It starts at CNY249,800 (USD34,475), the same price as the prior version, it added.
