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China’s Chery to set up shop in Europe

Baua Electric

Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. This would be Chery’s first manufacturing site in Europe. Given the slow uptake of electric vehicles in Spain, Chery says it plans to make combustion engine, hybrid, and electric vehicles there.

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Australia included in massive Chery EV rollout

EV Central

On the eve of its Australian relaunch, the Chinese auto maker Chery Automobile has revealed a massive rollout of 23 electric and plug-in hybrid vehicles. The first battery electric Chery to arrive in Australia will be the Omoda 5 compact SUV in 2024. 2023 Chery Omoda 5. 2023 Chery Omoda 5.

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China's Huawei Establishes ‘Smart Car’ Unit With Changan Auto

The Truth About Cars

The telecommunications giant has established Shenzhen Yinwang Intelligent Technology with a registered capital of 1 billion yuan ($140 million USD) and a focus on smart car equipment manufacturing, artificial intelligence system integration services, and AI software development. These brands include Aito with Seres and Luxeed with Chery.

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Chery to be 1st automaker to adopt CATL's sodium-ion batteries

CN EV Post

In the passenger car segment, sodium-ion batteries can generally meet the needs of models with a range of up to 400 kilometers, a CATL executive previously said. CATL's sodium-ion batteries will first be used in Chery's models, the battery maker announced today. Its booth at the event is 8B05 in Hall 8.2.

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Huawei says upcoming Luxeed S7 EV is ‘superior to Tesla’s Model S’

Teslarati

Smartphone maker Huawei has partnered with the China-owned Chery Automobile on the electric vehicle (EV) brand Luxeed, set to unveil its first vehicle in the coming months. The car will make its debut in late November,” Chengdong said during a launch event held on Monday. “It It will be superior to Tesla’s Model S in various aspects.”

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STMicro cuts FY revenue outlook as softer car demand weighs – ET Auto

Baua Electric

Weakness in auto and industrial demand have been weighing on the sector, while investors remain cautious amid high interest rates, with escalating tensions in the Middle East increasing fears. Bernstein SG analyst Sara Russo said it was the first time the company had acknowledged the car market was weaker than expected.

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China exported greater than 2 million automobiles in first part of 2023, BYD and Chery grew quickest

Baua Electric

million automobiles, a year-on-year building up of 75.7%, in keeping with the China Affiliation of Car Producers (CAAM). Nearest in 2022, the export quantity exceeded 3 million gadgets, making China the second one greatest car exporter next Japan. Chery carried out neatly in markets comparable to Russia, Mexico, and Chile.

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