1. A new round of car trade-in policy is introduced

According to the latest notice on August 16, in terms of car scrapping and renewal, the subsidy standard has been increased from the original 10,000 yuan subsidy for purchasing new energy passenger cars and 7,000 yuan subsidy for purchasing fuel passenger cars to 20,000 yuan and 15,000 yuan respectively.

2. Zero Run's total revenue in the first half of the year reached 8.85 billion yuan

Zero Run Automobile released its 2024 first half financial report, showing that it achieved a total revenue of 8.85 billion yuan in the first half of the year, a year-on-year increase of 52.2%. The gross profit margin was 1.1%, a significant improvement year-on-year. A total of 86,696 new cars were delivered, a year-on-year increase of 94.8%.

3. Polestar Brand Experience Center Opened in Shanghai

On August 16, Polestar's first brand experience center in China was grandly opened on Guyi Road in Shanghai.

4. The first customer-delivered car of Yangwang U9 officially rolled off the assembly line

On August 16, Yangwang Auto announced that the first customer-delivered car of Yangwang U9 rolled off the assembly line today and will be delivered soon.

5. The 10 million shares held by Hechuang Auto in GAC Passenger Vehicle were frozen

Tianyancha shows that recently, Hechuang Auto Technology Co., Ltd. added 7 new equity freeze information. The companies whose equity was executed were all GAC Passenger Vehicle (Hangzhou) Co., Ltd., and the total amount of frozen equity was 41.16 million.

6. Wei Jianjun will return to the Great Wall Motors press conference after 6 years

Wei Jianjun, the founder of Great Wall Motors, said on Weibo that he will attend the launch conference of the new Blue Mountain on August 21 and interact with Lei Jun live on the microphone.

7. The standard endurance version of Jishi 01 is launched

The standard endurance version of Jishi 01 is officially launched, with a starting price of 299,900 yuan, equipped with Ningde Times ternary lithium battery, and CLTC pure electric range of 215 kilometers.

8. BYD may build a factory in Karachi, Pakistan

BYD plans to build a factory in Karachi with a local partner, which will be completed in the first half of 2026 (Cailianshe).

9. Toyota may convert its entire North American product line to hybrid vehicles

Two people familiar with the matter revealed that Toyota may abandon the pure gasoline version in the North American market, but no final decision has been made yet. The hybrid version is also likely to adopt a plug-in hybrid type with a larger battery capacity (Gasgoo).

10. Porsche agrees to invest in German battery manufacturer Varta

Porsche has agreed to become a shareholder of Varta, providing new funds for the troubled Varta, and will hold a 32% stake in the latter after debt restructuring.