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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

It acquired 20% of the Chinese automakers, making it a significant shareholder. Tesla’s China deals concerns chair of US Congressional Committee In a statement to Reuters , Leapmotor shared that its first EV model for the overseas market will be launched for sale in Germany, France, Italy, and Spain. billion in Leapmotor.

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Stellantis production affected by cyberattack on Chinese supplier

Teslarati

Multiple car brands under Stellantis were affected by a cyberattack on Chinese supplier, Yanfeng International Automotive Co. Yanfeng supplies automobile manufacturers with car parts including electronics, seats, interiors, and other components. billion in the Chinese company.

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China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023. Tallying up its year-end sales, it’s a massive 62% growth from 2022. million vehicles.

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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. Photo taken by CnEVPost.)

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StreetScooter to form JV with Chery for electric light utility vehicles

Green Car Congress

StreetScooter GmbH, a subsidiary of Deutsche Post and market leader for electric light commercial vehicles (eLCV), has signed a memorandum of understanding (MoU) with the Chinese automobile manufacturer Chery Holding Group (Chery) establishing a joint venture between the two companies.

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China’s new energy vehicle sales drop m/m for first time since Aug – ET Auto

Baua Electric

of the total sales, while nearly one out of seven NEVs sold during the month was also exported, CAAM data shows. China’s new energy vehicle sales fell 38.8% China’s new energy vehicle sales fell 38.8% Vehicle sales, including those exported, totalled 2.44 New energy vehicle (NEV) sales, accounting for 29.9%

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China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show

CN EV Post

In January-February, China's vehicle sales decreased by 15.2 percent year-on-year while NEV sales increased by 20.8 China saw new energy vehicle (NEV) sales of 525,000 units in February, up 55.9 percent from January, according to data released today by the China Association of Automobile Manufacturers (CAAM).

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