1. China's NEV Ownership Surpasses 30 Million Units

According to the Ministry of Public Security, China's total motor vehicle ownership reached 453 million in 2024, with 353 million cars. Newly registered vehicles totaled 35.83 million. New Energy Vehicle (NEV) ownership exceeded 31.4 million units.

2. Heavy Truck Sales Growth Turns Positive in December

Data from the China Association of Automobile Manufacturers (CAAM) shows that December 2024 heavy truck sales reached 84,000 units, a 23% month-on-month increase and a 62% year-on-year rise, marking the first positive growth in six months.

3. BYD to Introduce a New Technology Platform

BYD announced that its upcoming Han L and Tang L models will feature advanced electrification and intelligent technologies developed on a new platform. These models, priced around RMB 300,000, are scheduled to launch in March.

4. BYD Enters South Korean Passenger Vehicle Market

On January 16, BYD launched the Atto 3 electric SUV in South Korea. The company plans to introduce the Seal electric sedan and Dolphin 7-seat electric SUV later this year.

5. SAIC Volkswagen Exits Xinjiang Subsidiary

SAIC Volkswagen has officially withdrawn from its Xinjiang subsidiary. The entity has been renamed Zhonglian (Xinjiang) Tech Innovation Park Development Co., Ltd., with SAIC Volkswagen no longer listed as a shareholder.

6. Ji Yue Initiates Customer Deposit Refunds

Ji Yue Motors announced it would start refunding deposits for eligible customers who have not taken delivery of their vehicles. The refund process began on January 17, 2025.

7. Geely Galaxy L6 EM-i Opens for Pre-sale

Geely's Galaxy L6 EM-i sedan, positioned as a compact car, is now available for pre-sale. Five trims are offered at pre-sale prices ranging from RMB 89,800 to RMB 116,800.

8. Great Wall Motors’ New Ultra-Luxury Brand Logo Leaked

Media reports suggest that Great Wall Motors has registered a trademark for "Zixin Motors" and its accompanying logo, resembling the "Winged Goddess," possibly hinting at a new ultra-luxury brand launch.

9. Honda Asks Nissan to Repurchase Renault Shares

In light of Honda and Nissan's ongoing merger discussions, Honda reportedly inquired if Nissan could repurchase the 35.7% stake held by Renault, valued at approximately USD 3.6 billion.

10. Renault Group Sales Grow 1.3% in 2024

Renault Group reported a 1.3% year-on-year increase in global sales, reaching 2.2648 million units in 2024. Sales under the Renault brand rose 1.8% to 1.5773 million units.