1. New Vehicle Network Security Standards Effective April 1

The "Vehicle Network Cybersecurity Abnormal Behavior Detection Mechanism," developed by 360 Group and China Academy of Information and Communications Technology, will officially take effect on April 1, 2024, according to China's National Standard Information Platform.

2. Great Wall Pickup Sales Exceed 177,000 Units in 2024

Great Wall Motors reported global pickup sales of 16,241 units in December, bringing its total 2024 sales to 177,100 units. The GWM Cannon series accounted for 130,416 units.

3. Chery and NIO Collaborate on Battery Swap Model

Reports suggest that a collaborative battery-swap model between Chery’s Exeed and NIO is slated for release in Q3 2025 under a car-and-battery separation scheme.

4. Great Wall Motors Establishes Ultra-Luxury Division

Great Wall Motors has set up a new ultra-luxury brand division, with Wei Jianjun serving as Chairman, former CTO Song Dongxian as CEO, and Zhang Xiaobo as CTO. The announcement was internally made on January 1.

5. Mercedes-Benz Global Sales Reach 1.98 Million Units in 2024

Mercedes-Benz reported a 3% year-on-year decline in global sales, delivering 1.98 million vehicles in 2024. Sales in China dropped 7% to 714,000 units.

6. GAC Group Assists HYCAN with Employee Salaries

GAC Group announced it will provide loans alongside other shareholders of HYCAN Automotive to ensure payment of employee wages and severance packages. GAC Aion will also oversee aftersales services for HYCAN vehicles.

7. Tesla China Launches New Model Y Versions

Tesla China introduced updated Model Y versions starting at RMB 263,500 for the rear-wheel-drive variant and RMB 303,500 for the long-range all-wheel-drive variant. Deliveries are expected to start in March.

8. Dongfeng Honda's Ye S7 to Launch in Q1

Dongfeng Honda's new midsize SUV, Ye S7, will debut in Q1 2024. The vehicle may feature Honda SENSING 360+ advanced driving systems and Huawei intelligent driving solutions.

9. Volkswagen Global Deliveries Fall 1.4% in 2024

Volkswagen reported a 1.4% decline in global deliveries in 2024 to 4.8 million units, including a 2.5% drop in electric vehicle sales. Deliveries in China decreased by 8.3% to 2.2 million units.

10. Honda China’s 2024 Sales Drop Over 30%

Honda China's cumulative 2024 sales totaled 852,269 vehicles, a 30.9% year-on-year decrease. December sales reached 111,870 units.