Gotion, Volkswagen Plan $3.67B Battery JVs in Europe, North Africa
Gotion High-Tech and Volkswagen will invest €3.22B in Europe and North Africa for battery production ventures.
HIMA’s Luxeed RX Launches From $38.7K, Priced Above Xiaomi YU7 and Voyah Passion S
Huawei and Chery launched the Luxeed RX, a sporty SUV with advanced tech, priced lower than competitors, but facing sales challenges.
China Auto Profit Rebounds to 4% in August, Jan-Aug Margin Stays at 3.6%
China’s auto industry showed mixed performance in August, with sales revenue growing but overall profits declining by 16% for the year.
XPeng Plans to Consolidate Product Development Teams From Four to Two
XPeng is consolidating its product development teams from four to two as it looks to streamline R&D amid sluggish sales growth.
China Targets Initial Mass Deployment of All-Solid-State Batteries by 2030
China’s new five-year plan aims for all-solid-state batteries’ large-scale application by 2030, promoting advancements across various sectors.
Changan Reportedly Pushes Avatr, Deepal Integration Via New AD Unit
Changan Automobile restructures Avatr and Deepal, aiming for resource integration and efficiency to boost combined vehicle sales by 2030.
China’s Vehicle Imports Hit 23K in August, Fifth‑Straight Monthly YOY Drop
China’s vehicle imports fell significantly in August, largely due to decreased demand from Japan and rising competition.
Momenta, DPCA Tech to Develop ADAS for Peugeot, Jeep Models for Global Markets
Momenta and DPCA Technology will collaborate to develop advanced driver-assistance systems for new Peugeot and Jeep models, starting in 2027.
VW ID. UNYX 09 Opens Pre-Orders From RMB 199,900
VW Anhui’s ID. UNYX 09 opens pre-orders at RMB 199,900-249,900. The 800V sedan supports 5C charging, with a launch expected in late October.
SAIC MG4 Hits 200K Production Milestone in Just Over a Year
SAIC MG reached a production milestone with the 200,000th MG4, reflecting strong sales and market expansion, especially in Europe.
