1. Estimated January New Energy Passenger Car Sales at 900,000 Units
The China Passenger Car Association (CPCA) estimates that January's wholesale sales of new energy passenger vehicles in China reached 900,000 units, reflecting a 31% year-on-year increase but a 40% month-on-month decline.
2. Potential Merger Between Changan and Dongfeng Motors
On February 9, both Changan Automobile and Dongfeng Motor issued statements that their indirect controlling shareholders are in discussions regarding a potential restructuring, hinting at a possible merger between the two companies.
3. Changan Announces "Beidou Tianshu 2.0" Strategy
Changan Automobile unveiled its "Beidou Tianshu 2.0" strategy, which includes:
- 35 new intelligent automotive products to be launched in the next three years
- L3-level autonomous driving in all scenarios by 2026
- Eight new advanced manufacturing plants within five years
4. Deepal Expands Strategic Partnership with Huawei
Deepal (Shenlan) Auto announced a comprehensive business collaboration with Huawei, where Huawei will provide innovative solutions tailored to market needs and user value.
5. Xiaomi Denies SU7 Suspension Breakage Allegations
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Xiaomi Auto issued a statement on its official Weibo account, refuting online rumors regarding its SU7 model experiencing a broken suspension when driving over a pothole. The company confirmed that no such issue exists.
6. Hozon Auto’s Electric Drive Subsidiary Faces ¥10.51 Million Enforcement Order
Tianyancha records indicate that Hozon Auto’s subsidiary, Haozhi Technology Electric Drive (Tongcheng) Co., Ltd., has been ordered to pay ¥10.51 million in legal enforcement proceedings.
7. BYD Launches Yuan UP (ATTO2) Compact SUV in Europe
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BYD has officially introduced the Yuan UP (BYD ATTO2) in Europe. The new model features Blade Battery technology, an advanced smart cockpit, and multiple configurations.
8. Geely Galaxy Aims for 1 Million Sales in 2025
Geely Auto Group CEO Gan Jiayue announced that Geely Galaxy aims to sell 1 million units in 2025. The brand will introduce five new energy models and two hybrid models capable of running on methanol, electricity, and gasoline.
9. XPeng CEO Targets Break-Even in a Single Quarter in 2025
XPeng Motors CEO He Xiaopeng stated in a media interview that the company’s low profit margins are temporary, and he expects XPeng to achieve quarterly break-even at some point in 2025.
10. Renault Resumes Talks with Foxconn Over Nissan Stake Sale
Following the failed merger negotiations between Nissan and Honda, Renault has resumed discussions with Foxconn regarding the sale of its stake in Nissan. Renault is also exploring potential investments from global tech companies, including Apple.