1.China’s October Narrow Passenger Car Sales Reach 2.261 Million

The China Passenger Car Association reported October retail sales of narrow passenger vehicles at 2.261 million units, a year-on-year increase of 11.3% and a month-on-month increase of 7.2%. Cumulative retail sales for the year totaled 17.835 million units, up 3.2% year-on-year.

2.SAIC Group October Vehicle Sales Drop 18% Year-on-Year

SAIC disclosed October sales of 401,900 vehicles, a year-on-year decrease of 18.22%. Cumulative sales from January to October were 3.0512 million units, down 21.13% from the previous year.

3.Stellantis and Leapmotor JV to Produce EVs in Germany

According to Reuters, the Stellantis-Leapmotor joint venture has canceled plans to produce its second EV model at a Polish facility. Instead, they are considering Stellantis’s factory in Germany as an alternative production site for the B10 EV.

4.Changan Auto and CATL Deepen Partnership

Changan and CATL signed an agreement to expand their collaboration over the next five years in joint promotions, tech innovation, marketing, aftermarket services, and international market expansion.

5.Roewe Launches Two New DMH Models

Roewe introduced the iMAX8 DMH New Luxurious model and the D7 DMH World Champion Edition, priced between 199,900-249,900 yuan and 99,800-119,800 yuan, respectively.

6.AITO’s New M7 Series Cumulative Deliveries Exceed 170,000 Units

AITO announced that the 2024 cumulative sales for its new M7 series reached 170,000 units, maintaining its position as China’s top-selling NEV in its segment for ten consecutive months.

7.JAC Motors October Sales Fall by 20% Year-on-Year

JAC Motors reported a total October production of 30,400 units, a 21.37% decrease year-on-year, with sales totaling 29,900 units, down 20.15% year-on-year.

8.ZHIJIE R7 Range-Extended Version Registered for Approval

ZHIJIE's R7 range-extended model has been registered with China’s Ministry of Industry and Information Technology. Expected to launch within the year, it will feature a self-developed 1.5T engine from Chery and is expected to cost 20,000-30,000 yuan less than the pure electric version.

9.Nissan to Cut 9,000 Jobs Worldwide

Nissan reported a second-quarter net loss of 9.34 billion yen and reduced its fiscal year 2024 operating profit forecast to 150 billion yen. Nissan plans to cut 9,000 jobs globally and reduce global production capacity by 20%.

10.Bentley Delays Electric Vehicle Master Plan

Bentley’s CEO announced a five-year extension of the “Beyond100” strategic business goal, now renamed “Beyond100+,” setting a new target for 2035.