Table of Contents
Domestic News:
1.China National Construction Association**: It is recommended to implement the "escort" action of new energy vehicles going to sea.
2.China Association of Automobile Manufacturers: In January 2024, the market share of Chinese brand passenger cars exceeded 60%.
3.FAW Hongqi's 2024 new car plan: 16 new models will be launched.
4.Foday Battery: Decided to apply the technological achievements of passenger car batteries to two-wheeled vehicles.
5.Ouyang Minggao: The market share of new energy vehicles will exceed 50% in 2026
6.SVOLT Thailand's battery plant started mass delivery.
7.Longgong Holdings and CATL signed a strategic cooperation agreement in Ningde, Fujian Province.
8.The latest test standards for drunk driving will be implemented from March 1.
9.Shandong will be exempted from highway tolls for hydrogen vehicles from March 1.
10.Xiaomi: There is no so-called "research" and production value estimates.
International News:
1.Vinfast, a Vietnamese electric vehicle manufacturer, has started building a factory in India and called on India to lower import tariffs on automobiles.
2.Tesla showcased the walking ability of Optimus, a humanoid robot under development.
3.Hyundai Motor and Kia produced a four-year record number of vehicles overseas last year.
4.Toyota recalled more than 300,000 vehicles in the United States due to problems such as rearview cameras.
5.Tesla**Model 3 North America has less than 50% of the components
6.British media said that the UK may launch an investigation into Chinese electric vehicles.
7.Apple cancels its electric car project that explored a decade.
8.Honda plans to launch a rechargeable fuel cell vehicle in the summer of 2024.
9.BYD will set up a plant in Mexico.
10.The merger of Mitsubishi Fuso and Hino was postponed due to Hino's engine problems.
Spotlight on domestic news
1.China National Construction Association**: It is recommended to implement the "escort" action of new energy vehicles going to sea.
The China Democratic National Construction Association plans to submit the "Proposal on Promoting the Sustainable and Healthy Development of the New Energy Vehicle Industry" to the Second Session of the 14th National Committee of the Chinese People's Political Consultative Conference. In the above proposal, the China Democratic National Construction Association suggested that the implementation of new energy vehicles to go overseas "escort" action to help the global expansion of the industry. The first is to promote cooperation and mutual recognition with the European Union and other standards, and at the same time strengthen the output of China's new energy vehicle standards. The second is to support the overseas intellectual property layout of enterprises. Establish and improve special guidance measures and service mechanisms for responding to overseas intellectual property disputes. The third is to smooth logistics channels. Promote low-cost land transportation, build an international logistics and transportation platform, and promote the layout of overseas warehouses. The fourth is to support battery, materials, overseas marketing and after-sales operation and maintenance enterprises to "go to sea" with the whole vehicle and deeply integrate into the global first-class chain system.
2.China Association of Automobile Manufacturers: In January 2024, the market share of Chinese brand passenger cars exceeded 60%.
According to the statistical analysis of the China Association of China, in January 2024, the sales volume of Chinese brand passenger cars will be 12780,000 units, a year-on-year increase of 686% with a market share of 604%, up 88 percentage points.
3.FAW Hongqi's 2024 new car plan: 16 new models will be launched.
According to the plan, in 2024, FAW Hongqi will bring 16 new cars, covering sedans, SUVs, MPVs and light buses, which will be completed before November. Among the 16 new models, there are four all-electric models, three plug-in hybrid models and nine gasoline models.
4.Foday Battery: Decided to apply the technological achievements of passenger car batteries to two-wheeled vehicles.
Fodi Battery's official Weibo post said that based on Nanjing's "223 "fire accident, Fodi battery management team, development team held an emergency meeting overnight, ** quality and safety solutions for two-wheeled vehicles. It has been decided that Fodi Battery will apply the R&D results of passenger cars to the field of two-wheeled vehicles, increase R&D investment in two-wheeled vehicles, and cooperate with the positive energy of all parties to develop a safe battery that can go upstairs.
5.Ouyang Minggao: The market share of new energy vehicles will exceed 50% in 2026
Ouyang Minggao, academician of the Chinese Academy of Sciences and vice chairman of the China Electric Vehicle 100 Association, said at the results conference of the China Electric Vehicle 100 that with the optimization and expansion of use scenarios such as urban navigation assisted driving, fast charging and winter heating, the market share of new energy vehicles will continue to break through rapidly before 2026. Specifically, the market share of new energy vehicles will exceed 40% in 2024, close to 50% in 2025, and more than 50% in 2026.
6.SVOLT Thailand's battery plant started mass delivery.
SVOLT held a commissioning ceremony in Thailand, announcing that SVOLT Thailand's plant was officially put into production on the same day, and the products began to be delivered in batches, and will be launched in Thailand with a number of new energy models under Great Wall and Hezhong. According to customer order demand, SVOLT Thailand factory is expected to provide more than 20,000 sets of pack battery packs to local customers this year.
7.Longgong Holdings and CATL signed a strategic cooperation agreement in Ningde, Fujian Province.
China Lonking Holdings and CATL New Energy Technology Co., Ltd. signed a strategic cooperation agreement in Ningde, Fujian Province. According to the agreement, China Lonking Holdings Co., Ltd. will use CATL as the preferred partner for power batteries for construction machinery. The two parties will deepen cooperation in the development and production of construction machinery, the development of power batteries for construction machinery, joint research and development of adapted products and market promotion, jointly develop the new energy construction machinery market, and provide global construction machinery industry customers with technology-leading and industry-competitive electrification products.
8.The latest test standards for drunk driving will be implemented from March 1.
The national standard "Test of Ethanol, Methanol, N-Propanol, Acetone, Isopropanol and N-Butanol in Blood and Urine" (GB T 42430-2023) will be implemented from March 1, 2024. The new test standard takes the test of ethanol in the blood as an example: 0 for drinking and driving20mg ml, the driver's blood ethanol content is greater than or equal to 080mg ml is considered drunk driving. The test linearity range is 01mg/ml~3mg/ml。
9.Shandong will be exempted from highway tolls for hydrogen vehicles from March 1.
The Shandong Provincial Department of Transportation, the Shandong Provincial Development and Reform Commission, and the Shandong Provincial Department of Science and Technology recently jointly issued the "Notice on Temporarily Exempting Hydrogen Energy Vehicles from Highway Tolls", which will temporarily exempt hydrogen vehicles that are equipped with ETC kit equipment on highways in Shandong Province from March 1, 2024. The trial period of the policy is 2 years, and it will be adjusted in a timely manner according to the implementation situation after expiration.
10.Xiaomi: There is no so-called "research" and output value estimate
In response to the research document of the Xiaomi Automobile Factory on the Internet**, it is said that Xiaomi Automobile is expected to achieve the first car on the market in March 2024 and deliver it in April, with an estimated vehicle output of about 2,000 vehicles in the first quarter and an output value of 400 million yuan. A spokesperson for Xiaomi clarified on its Weibo that after detailed inquiry, the information was completely untrue, and there was no so-called relevant "research" and so-called estimates of output value.
Spotlight on international news
1.Vinfast, a Vietnamese electric vehicle manufacturer, has started building a factory in India and called on India to lower import tariffs on automobiles.
Pham Sanh Chau, CEO of Vinfast India, a Vietnamese electric vehicle manufacturer, said the company has started building a plant in the southern Indian state of Tamil Nadu and hopes to start production in the middle of next year, which will be sold domestically first and then exported. According to Pham Sanh Chau, Vinfast has called on India** to reduce import duties on automobiles "by 70 to 80 percent for two years" so that customers can familiarize themselves with the company's products. Earlier last month, Vinfast and Tamil Nadu agreed to invest up to $2 billion to build their first production facility in India, with plans to invest $500 million in the first five years of the project.
2.Tesla showcased the walking ability of Optimus, a humanoid robot under development.
Tesla shared a 1 minute and 18 seconds long ** on social platform X, demonstrating the smooth walking ability of the Optimus humanoid robot it is developing. **The robot is shown walking in the test site with the caption: "Completing the daily step goal".
3.Hyundai Motor and Kia produced a four-year record number of vehicles overseas last year.
According to data released by the Korea Automotive Mobility Industry Association (KAMA) on February 26, Hyundai Motor and Kia produced a four-year record number of vehicles overseas last year. Last year, Hyundai Motor and Kia produced a total of 367 products at 13 overseas plants880,000 vehicles, which is its highest since 2019. Among them, Hyundai Motor Group's production in the United States hit a record since 2016, while production in China has declined significantly.
4.Toyota recalled more than 300,000 vehicles in the United States due to problems such as rearview cameras.
According to information disclosed by the National Highway Traffic Safety Administration on February 27, Toyota will recall a number of models such as the 2023 mirai and Lexus LS500 due to the fact that rearview camera images may not be displayed, totaling 180,000 units. In addition, Toyota will also recall 4,212 Camry and Camry hybrid vehicles from 2023 to 2024 due to insufficient welding of the rear seat frame. In addition, due to the possibility of unintended vehicle movement when the vehicle is in neutral and the brakes are not pressed, Toyota Motor is also recalling some models such as the 2022-2024 model year Tundra, a total of 28060,000 units.
5.Tesla**Model 3 North America has less than 50% of the components
According to the National Highway Traffic Safety Administration (NHTSA), less than 50% of the components in Tesla's 2024 Model 3 come from North America. According to the documents, only 35 percent of the parts for the Model 3 long-range version and 40 percent of the rear-wheel drive plates come from the U.S. or Canada, and most of the rest come from China. All other Tesla models have more than 50% North American parts, with 70% North American parts for the Model Y Long Range and Performance Editions, 65% for the Model S, 60% for the Model X, and 65% for the Cybertruck.
British media said that the UK may launch an investigation into Chinese electric vehicles.
Britain is preparing to launch an investigation into cheap Chinese electric cars entering the market amid fears that the influx of Chinese-subsidized cars will disrupt local manufacturing. An automotive industry source said that in recent weeks, "the wheels have begun to turn" and the UK could launch an investigation.
A spokesperson for the UK did not deny market information, but said that it has not yet received a formal request for an investigation from the automaker, which is a necessary trigger for the launch of an investigation. The survey was backed by Labour, and polls showed that Labour was on track to win the next time.
7.Apple cancels a decade-old electric car project to switch to generative AI
According to Bloomberg, Apple is winding out a decade-long program of electric vehicle exploration by canceling its electric vehicle program and shifting its team to generative artificial intelligence, according to people familiar with the matter. Two Apple executives told employees that many of the employees on the team in charge of the car will be transferred to the artificial intelligence department led by executive John Giannandrea, who will focus on generative AI projects, an increasingly critical priority for the company.
8.Honda plans to launch a rechargeable fuel cell vehicle in the summer of 2024.
Honda announced that it will launch a fuel cell vehicle in Japan in the summer of 2024** with a driving range of more than 600 kilometers on hydrogen fuel, with a new charging function.
9.BYD will set up a plant in Mexico.
According to Reuters, Li Ke, president of BYD's North American branch, said that BYD will set up a factory in Mexico to expand its share in the local market. By the end of this year, the company expects to determine the location of its plant in Mexico, which will produce 150,000 vehicles a year. She added that the company will be looking for suitable locations in the Mid-South region to save on transportation costs when shipping to consumers. "We built our factory for the Mexican market, not for the export market."
10.The merger of Mitsubishi Fuso and Hino was delayed due to Hino engine problems
Daimler Trucks AG and Toyota Motor Corp said the signing of the definitive agreement for the merger between Mitsubishi Fuso Trucks & Bus Co. and Hino Motor Co. will be delayed due to the ongoing process to obtain regulatory approvals and an ongoing investigation into Hino engine certification issues. The two companies aim to sign the agreement by the end of March and complete the merger by the end of the year.