1.Two Automakers Achieve 2024 Sales Targets Early

As of November, two automakers have already surpassed their annual sales targets for 2024. An additional three companies have achieved over 90%, and seven more have exceeded 75% completion rates.

2.Pickup Truck Sales Reach 471,000 Units in 2024 (Jan-Nov)

According to the Passenger Car Association, 44,000 pickup trucks were sold in November, down 3.1% YoY. Year-to-date (Jan-Nov), sales reached 471,000 units, reflecting a 1.3% YoY growth.

3.Geely and Baidu Address Ji Yue Auto Dissolution

Geely and Baidu issued a joint statement affirming their commitment as shareholders to assist Ji Yue’s management in resolving issues related to the company’s dissolution.

4.Ji Yue Auto Retail Operations Remain Inactive

CEO Xia Yiping stated that frontline stores have not resumed normal operations. The focus is on maintaining minimal functionality with around 200 sales staff remaining in retail outlets.

5.Exeed Xingjiyuan E08 Test Vehicle Rolls Out

On December 13, Chery Group unveiled its first high-end luxury MPV, the Exeed Xingjiyuan E08, with winter-standard test vehicles officially rolling off the production line.

6.Zhijie R7 Achieves 20,000 Deliveries in 57 Days

Zhijie R7, part of the Hongmeng Intelligent Mobility series, reached cumulative deliveries of over 20,000 units within 57 days as of December 15.

7.Hongqi Joins CATL Battery Swap Alliance

FAW Hongqi, CATL, and Times Electric Service announced a partnership under a new framework agreement to collaborate extensively in the battery swap field.

8.NIO’s Firefly Brand to Expand Overseas in 2025

NIO Chairman Li Bin revealed plans for the Firefly brand to enter overseas markets next year, targeting monthly deliveries in the thousands.

9.Lexus Delays Next-Gen EV Launch by One Year

Lexus has postponed the release of its next-generation electric vehicle to mid-2027. The extended timeline aims to incorporate advanced technologies, including significantly enhanced range.

10.EU to Maintain Stringent Carbon Emission Standards

On December 12, the EU’s climate commissioner announced no plans to relax vehicle CO2 emission regulations despite lobbying from the European People’s Party.