1. Shanghai: Subsidies for Replacing New Energy Vehicles Will Increase to 20,000 Yuan

According to the implementation plan, subsidies for scrapping eligible passenger vehicles and purchasing new ones will increase to 20,000 yuan for new energy vehicles and 15,000 yuan for gasoline vehicles with an engine displacement of 2.0 liters or less.

2. BYD Denies Plans to Halt Mexican Factory Project

BYD has denied plans to delay its investment in a large factory in Mexico until after the U.S. elections. BYD Americas President Li Ke stated in a press release: "BYD has not postponed any decisions regarding the Mexican factory."

3. Geely Xingyuan Makes Global Debut

Geely's Xingyuan made its global debut at the Chengdu Auto Show. The new model is positioned as an A0-class pure electric vehicle with a CLTC range of 310km and 410km. The car is expected to be launched in October.

4. Changan Sets 2024 New Energy Vehicle Sales Target at 750,000 Units

Changan Automobile recently announced that its 2024 new energy vehicle sales target is 750,000 units, with 250,000 units from the Changan Qiyuan brand, 280,000 from the Deep Blue brand, and 90,000 from the Avita brand.

5. WM Motor Faces Enforcement Actions Totaling 11.27 Million Yuan

According to Tianyancha, WM Motor Technology Group Co., Ltd. recently added two new enforcement actions totaling 11.27 million yuan. The company currently has nine enforcement actions in total, amounting to 722 million yuan.

6. Mount Everest Photovoltaic Energy Storage Liquid-Cooled Supercharging Station Officially Operational

On September 3rd, the Mount Everest supercharging station launch ceremony and supercharging alliance commercial launch event were held at the North Gate of Everest Park. The station uses Huawei’s supercharging solution.

7. XPeng AeroHT Announces Mass Production Timeline

XPeng AeroHT President Zhao Deli announced that the flying vehicle, the Land Aircraft Carrier, is scheduled for its public manned maiden flight at the Zhuhai Airshow in November, with a public display at the Guangzhou Auto Show. Pre-sales will begin at the end of 2024, with mass production and deliveries expected in 2026. The unit price will not exceed 2 million yuan.

8. Škoda to Be Sold at SAIC Volkswagen Dealerships

Nearly 500 Volkswagen brand dealers have applied to also sell Škoda vehicles, with over 330 already completing authorization agreements (Gasgoo).

9. Polestar Releases Q2 Financial Report

Polestar's Q2 financial report shows that new vehicle deliveries reached 13,150 units, up 82% quarter-on-quarter; revenue fell 17% year-on-year to $5.575 billion; and losses narrowed by 12% to $242 million year-on-year.

10. General Motors to Permanently Close Ecuador Plant

According to foreign media reports, General Motors will permanently close its factory in Ecuador, South America, this Friday (September 6th), resulting in the dismissal of 320 workers.