1. China’s Auto Exports Reach 4.69 Million Units from January to September

The Passenger Car Association reported that China's auto exports from January to September reached 4.69 million units, a 26% increase year-on-year. Of these, new energy vehicle (NEV) exports totaled 1.52 million units, up 18% year-on-year.

2. SVOLT Energy to Cease Operations in Europe and Germany

SVOLT Energy announced that it will cease operations in Europe, including its German subsidiary, due to the European EV market not meeting expected growth. This decision will take effect on January 31, 2025.

3. Great Wall Motors’ Net Profit Up 109% in First Three Quarters

Great Wall Motors reported a 19.04% year-on-year increase in revenue, reaching 142.254 billion RMB, with net profit up by 108.78% to 10.428 billion RMB in the first three quarters of 2024.

4. AITO M9 Accumulated Orders Surpass 160,000 Units

According to HarmonyOS Intelligent, AITO M9’s cumulative orders surpassed 160,000 units within 10 months of launch, making it the best-selling model in China among vehicles priced above 500,000 RMB.

5. Porsche Expands China R&D Team

Porsche is expanding its R&D team in China, focusing on enhancing smart cabin and ADAS (Advanced Driver Assistance Systems) capabilities as part of its digitalization goals.

6. BMW’s First Global 5S Store Closes

BMW’s first global 5S store, Beijing Xingdebao, recently closed due to economic pressures. According to announcements, the closure was influenced by severe financial constraints due to the economic environment.

7. 2025 BYD Tang DM-i Launched at 179,800 RMB

The new BYD Tang DM-i, featuring BYD’s fifth-generation DM plug-in hybrid technology, launched with prices ranging from 179,800 RMB to 207,800 RMB.

8. Great Wall Soul S2000 Touring Car Launched at 218,800 RMB

On October 26, Great Wall’s first touring car, the Soul S2000, launched with three models: the S2000ST two-box version at 218,800 RMB, the S2000GL three-box version at 238,800 RMB, and the Founder’s Edition at 288,800 RMB.

9. Changan Mazda EZ-6 Launched at 139,800 RMB

The new EZ-6’s range-extended version is priced between 139,800 RMB and 169,800 RMB, offering a CLTC pure electric range of 200 km. The pure electric version is priced between 159,800 RMB and 179,800 RMB, with two range options of 480 km and 600 km.

10. BMW and Mercedes-Benz Launch Joint Supercharging Station

On October 24, BMW and Mercedes-Benz launched their high-end supercharging brand, Yi’anqi. The first stations are now operational, and the partners aim to install at least 1,000 supercharging stations and about 7,000 chargers in China by the end of 2026.