1. Pickup Truck Market Sales Reach 39,000 Units in August

According to the China Passenger Car Association, the pickup truck market sold 39,000 units in August 2024, a year-on-year decrease of 1.2% and a month-on-month decrease of 1.8%. Sales are at mid-to-low levels compared to the past five years.

2. BYD Acquires Mercedes-Benz's 10% Stake in Denza

Business data platform Tianyancha shows that BYD has recently acquired the full 10% stake in Denza New Energy Vehicle Co., Ltd., previously held by Mercedes-Benz.

3. Great Wall Motors Launches CKD Factory Project in Vietnam

Great Wall Motors has signed a memorandum of understanding with Vietnam’s Thanh Cong Group for a CKD (completely knocked down) assembly partnership. The goal is for Great Wall Motors to have cars "Made in Vietnam" by the end of 2025.

4. NIO Adjusts Battery Swap Service Fee Model

On September 15, NIO announced an adjustment to its battery swap service fee structure. The previous flat-rate model will be changed to a "per kWh" charging model, which will be implemented across all future battery swaps.

5. Xiaomi Responds to Nanjing SU7 Fire Incident

Xiaomi Auto clarified that improper operation by the driver led to a collision that severely damaged the battery. It is suspected that the internal battery short-circuited after impact, causing a brief period of smoke and visible flames, followed by a pressure release.

6. Shanghai Hino Engine Company to Cease Production

Shanghai Hino Engine Co., Ltd. issued a notice on September 13, stating that it will cease production on September 30. Established in 2003, Hino holds 70% of the company’s shares, while Guangzhou Automobile Group holds 30%.

7. Geely Xingyuan Opens for Pre-Sale

Geely has launched pre-sales for the Xingyuan model, offering two series, Xingyuan UP and Xingyuan, with five different versions. The pre-sale prices range from 78,800 to 107,800 yuan. The model is positioned as an A0-class electric sedan.

8. New Cadillac XT5 Pre-Sale Price Set at 279,900 Yuan

Cadillac has introduced three variants of the new XT5, with prices ranging from 399,900 to 459,900 yuan. The official release is expected in mid-to-late September, and the company is offering a limited-time fixed price range from 279,900 to 339,900 yuan.

9. GAC Aion RT Official Application Photos

GAC Aion’s new model RT, a pure electric mid-sized car, will be powered by CATL’s lithium iron phosphate battery. It has dimensions of 4,865mm (length), 1,875mm (width), and 1,520mm (height), with a wheelbase of 2,775mm.

10. Exeed Xingji ES Range-Extended Version Info Released

The Ministry of Industry and Information Technology has revealed details of the Exeed Xingji ES range-extended version. The vehicle will feature a 1.5T range extender and a lithium iron phosphate battery, with an all-electric range of 200 km. It is expected to launch within the year.