China Association of Automobile Manufacturers: In September, the production and sales of new energy vehicles reached 1.307 million and 1.287 million respectively, an increase of 48.8% and 42.3% year-on-year
According to the analysis of the China Association of Automobile Manufacturers, the monthly production and sales of new energy vehicles reached a historic high in September 2024. In September 2024, the production and sales of new energy vehicles reached 1.307 million and 1.287 million respectively, an increase of 48.8% and 42.3% year-on-year. From January to September 2024, the production and sales of new energy vehicles reached 8.316 million and 8.32 million respectively, an increase of 31.7% and 32.5% year-on-year. In September 2024, the domestic sales of new energy vehicles reached 1.176 million units, a month on month increase of 18.8% and a year-on-year increase of 45.5%. From January to September 2024, the domestic sales of new energy vehicles reached 7.392 million units, a year-on-year increase of 35.6%.
The Ministry of Industry and Information Technology has released the "Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax" (10th Batch)
On October 18th, the Ministry of Industry and Information Technology released the "Road Motor Vehicle Production Enterprises and Products" (batch 387) and the "Catalogue of New Energy Vehicle Models Enjoying Vehicle and Vessel Tax Reduction and Exemption Preferential Energy Saving Use" (batch 66) and "Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax" (batch 10) approved by the State Administration of Taxation. Among them, the "Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax (Tenth Batch)" includes a total of 47 passenger cars such as Porsche Macan Turbo D211, Geely X, BYD Hanhe Tengshi Z9, and GAC AiON Y.
Dongchedi: Provided car replacement subsidy application services to 130000 consumers
According to data released by DCD, DCD has provided car replacement subsidy application services to 130000 consumers, driving car consumption to over 23.2 billion yuan.
In 2024, Dongchedi was designated as the designated platform for national automobile trade in information services, exclusively undertaking subsidies for automobile trade in updates and the distribution of automobile consumption vouchers in many parts of the country. The White Paper on Promoting Automotive Consumption and User Insights in 2024 shows that over 75% of respondents believe that issuing car purchase subsidies has a strong effect on promoting automotive consumption.
Jike Motors: Cumulative delivery volume has exceeded 350000 vehicles
Jike Motors announced on October 18th that its cumulative delivery volume has exceeded 350000 vehicles.
He Xiaopeng: Xiaopeng P7+'s first batch of production vehicles officially rolled off the production line
On the afternoon of October 18th, He Xiaopeng, Chairman of Xiaopeng Motors, revealed in a Weibo post that since the pre-sale of Xiaopeng P7+, orders have been booming, and the actual ramp up of mass production has been completed. Today, the first batch of Xiaopeng P7+production vehicles has officially rolled off the production line at the Guangzhou production base.
BYD releases 2024 employee stock ownership plan (draft)
BYD released the 2024 Employee Stock Ownership Plan (draft) on the evening of October 18th, with participation from middle-level managers and core employees of BYD Group, totaling no more than 150 people. The final number of participants will be determined based on the actual payment situation of employees. The total planned share shall not exceed 220 million shares, involving a total amount of funds not exceeding 220 million yuan, and the sources of funds shall be employees' legal salaries, self raised funds, etc.
Chery New Energy's monthly sales target for the end of the year exceeds 100000 vehicles
Yin Tongyue, Secretary of the Party Committee and Chairman of Chery Holdings Group Co., Ltd., stated at the 2024 Chery Global Innovation Conference today that Chery's new energy sales target for October is to exceed 80000 vehicles, and for December it is to exceed 100000 vehicles.
In addition, Chery brand announced that all solid state batteries will be put into targeted operation in 2026 and will be launched in bulk in 2027.
Due to collision accidents, the United States is investigating the FSD software of over 2.4 million Tesla vehicles
On October 17th local time, the Office of Defects Investigation (ODI) of the National Highway Traffic Safety Administration launched an investigation into Tesla's Fully Automated Driving (FSD) feature. The announcement shows that the office has received reports that Tesla vehicles with activated FSD function collided in areas with reduced visibility, resulting in casualties. Therefore, the Defect Investigation Office will evaluate the engineering control detection of FSD and its ability to appropriately respond to reduced road visibility. The announcement shows that this investigation involves approximately 2410002 vehicles, including the 2016 to 2024 Model X and Model S, the 2017 to 2024 Model 3, and the 2020 to 2024 Model Y.
Former Goldman Sachs Asia Managing Director Pan Deng joins Nezha Motors as Vice President
On October 18th, Interface News learned that Pan Deng, former Managing Director of Goldman Sachs (Asia), has officially taken office and appeared in the executive information of Nezha Automotive as Vice President, representing the company at the analyst conference. Pan Deng worked at Goldman Sachs for 9 years, mainly responsible for the company's investment banking business, focusing on emerging industrial sub sectors such as automotive technology, transportation and logistics, and aviation technology. He also led the establishment of a joint venture between Volkswagen and Horizon Robotics.