NEV

Changan Auto's Robust Growth Momentum Firmly Accelerates International Expansion

Retrieved on: 
Friday, May 12, 2023

At the briefing, Changan Auto presented its 2022 annual performance, provided planning and strategic interpretation of company's future development.

Key Points: 
  • At the briefing, Changan Auto presented its 2022 annual performance, provided planning and strategic interpretation of company's future development.
  • Changan Auto's sales volume in 2022 reached 2.346 million vehicles, a year-on-year increase of 2%, reaching a new high in five years.
  • Changan Auto achieved a net profit attributable to shareholders of RMB 7.798 billion in 2022, a year-on-year increase of 119.52%, with a continuous growth momentum in operational quality and an upward trend in value creation ability.
  • Looking forward, Changan Auto will accelerate the development of new energy vehicles, expand internationally, and firmly transform into an intelligent low-carbon travel technology company.

NOVOSENSE launched driver IC products applied in GaN applications

Retrieved on: 
Monday, April 24, 2023

NOVOSENSE single-channel intelligent isolation grid driver NSi68515 is specially designed to drive SiC MOSFETs and IGBTs with bus voltage of up to 2121V DC.

Key Points: 
  • NOVOSENSE single-channel intelligent isolation grid driver NSi68515 is specially designed to drive SiC MOSFETs and IGBTs with bus voltage of up to 2121V DC.
  • Its input mode is compatible with optical coupler input, and the input terminal and output terminal adopt double capacitance enhanced isolation technology.
  • Based on the NOVOSENSE Adaptive OOK coding technology, it can support a minimum common-mode transient immunity (CMTI) of 150kV/μs.
  • GaN driver NSD2621 is a high-voltage half-bridge grid driver chip designed to drive E−mode (enhanced) GaN switching tubes.

With Innovation-driven Quality, Sustainable Development, Wuling Motors(00305.HK)Returns to Profitability in 2022

Retrieved on: 
Friday, March 31, 2023

Amidst changes in its internal and external environments, Wuling Motors Holdings Limited (the "Company" or "Wuling Motors",Stock Code:00305.HK) has shown remarkable innovation in leading the way toward high-quality development.

Key Points: 
  • Amidst changes in its internal and external environments, Wuling Motors Holdings Limited (the "Company" or "Wuling Motors",Stock Code:00305.HK) has shown remarkable innovation in leading the way toward high-quality development.
  • Faced with innovation and change in the global automotive industry, Wuling Motors actively seeks breakthroughs to achieve high-quality development.
  • Overseas business is also an important area for Wuling Motors to accelerate its layout in 2022.
  • Regarding carbon emission reduction, Wuling Motors achieved a significant reduction in 2022 by using 4,447.64 MWh of clean photovoltaic energy.

Li Auto Inc. March 2023 Delivery Update

Retrieved on: 
Saturday, April 1, 2023

BEIJING, China, April 01, 2023 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 20,823 vehicles in March 2023, surpassing the 20,000 monthly delivery mark again and representing an increase of 88.7% year over year.

Key Points: 
  • BEIJING, China, April 01, 2023 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 20,823 vehicles in March 2023, surpassing the 20,000 monthly delivery mark again and representing an increase of 88.7% year over year.
  • The cumulative deliveries of Li Auto vehicles reached 309,918 as of the end of March.
  • As of the end of March, we delivered over 300,000 vehicles cumulatively, the fastest among China’s premium NEV manufacturers to achieve this milestone,” commented Xiang Li, chairman and chief executive officer of Li Auto.
  • Finally, we will begin to deliver Li L7 Air and Li L8 Air in April.”
    As of March 31, 2023, the Company had 299 retail stores in 123 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.

NOVOSENSE isolation and driver technology enables SiC+800V in NEVs

Retrieved on: 
Friday, March 31, 2023

At present, there are several mainstream isolation technologies in the industry, and NOVOSENSE adopts the capacitive isolation technology based on capacitance coupler.

Key Points: 
  • At present, there are several mainstream isolation technologies in the industry, and NOVOSENSE adopts the capacitive isolation technology based on capacitance coupler.
  • NOVOSENSE provides digital isolation chips and isolation power supply, including isolation sampler, isolation driver, as well as some interface related products and automotive grade isolation devices, which are now in full mass production.
  • In the application of NEV electric driver main motor driver, NOVOSENSE has mass-produced isolation drivers, including NSi6611 and NSi6651 intelligent protection enhanced isolation driver, as well as enhanced digital isolator and enhanced isolation sampler.
  • NOVOSENSE isolation and driver products are mainly used in OBC, DC-DC, main motor driver, BMS and thermal management system.

China Automotive Systems Reports a 91.7% Increase in Diluted Net Income Per Share in Fiscal Year 2022

Retrieved on: 
Thursday, March 30, 2023

WUHAN, China, March 30, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended December 31, 2022.

Key Points: 
  • In the fourth quarter of 2022, net sales decreased by 7.2% to $128.8 million compared to $138.8 million in the same quarter of 2021.
  • Selling expenses represented 3.6% of net sales in the fourth quarter of 2022, compared to 2.4% in the fourth quarter of 2021.
  • Diluted income per share was $0.14 in the fourth quarter of 2022, compared to diluted income per share of $0.16 in the fourth quarter of 2021.
  • Diluted net income per share increased by 91.7% year-over-year to $0.69 in 2022 compared to $0.36 in 2021.

GWM TANK500 HEV Launches in Thailand and Opens Global First Pre-sale

Retrieved on: 
Thursday, March 23, 2023

"GWM TANK500 HEV means a new chapter for the NEVs industry in Thailand.

Key Points: 
  • "GWM TANK500 HEV means a new chapter for the NEVs industry in Thailand.
  • GWM TANK500 HEV inherits the top-notch off-road capability, excellently comfortable experience, and cutting-edge smart functions.
  • GWM TANK500 HEV focuses on creating a luxurious and cozy experience for consumers.
  • Making its debut in Thailand is one of the significant steps made by GWM TANK to expand into global market.

GWM TANK500 HEV Launches in Thailand and Opens Global First Pre-sale

Retrieved on: 
Thursday, March 23, 2023

"GWM TANK500 HEV means a new chapter for the NEVs industry in Thailand.

Key Points: 
  • "GWM TANK500 HEV means a new chapter for the NEVs industry in Thailand.
  • GWM TANK500 HEV inherits the top-notch off-road capability, excellently comfortable experience, and cutting-edge smart functions.
  • GWM TANK500 HEV focuses on creating a luxurious and cozy experience for consumers.
  • Making its debut in Thailand is one of the significant steps made by GWM TANK to expand into global market.

CLUB CAR LAUNCHES "CRU" NEIGHBORHOOD ELECTRIC VEHICLE

Retrieved on: 
Wednesday, March 15, 2023

AUGUSTA, Ga., March 15, 2023 /PRNewswire/ -- Club Car, a world-leading manufacturer of small-wheel, zero-emissions electric vehicles, today unveiled Club Car CRU, a street-legal lifestyle vehicle that will disrupt the low-speed vehicle (LSV) market for consumers. CRU expands Club Car's leading electric vehicle portfolio into a new, innovative category of Neighborhood Electric Vehicles (NEV). NEVs are designed to meet the needs of consumer seeking a more fun and sustainable option for short trips.

Key Points: 
  • AUGUSTA, Ga., March 15, 2023 /PRNewswire/ -- Club Car, a world-leading manufacturer of small-wheel, zero-emissions electric vehicles, today unveiled Club Car CRU, a street-legal lifestyle vehicle that will disrupt the low-speed vehicle (LSV) market for consumers.
  • CRU expands Club Car's leading electric vehicle portfolio into a new, innovative category of Neighborhood Electric Vehicles (NEV).
  • For consumers looking for sustainable, carefree travel, the Club Car CRU is the perfect Neighborhood Electric Vehicle solution.
  • Automotive or electric vehicle dealers interested in becoming part of the Club Car CRU dealer network can visit the Club Car Become a Dealer site at www.clubcar.com/en-us/dealer .

Jiuzi Holdings Inc. Establishes Two Regional Operations Centers by Forming JVs with Local Partners

Retrieved on: 
Monday, March 13, 2023

Pursuant to the Agreements, Jiuzi Haoche and the Local Partners will establish joint ventures ("JVs") in Jiangxi Province and Zhejiang Province, respectively.

Key Points: 
  • Pursuant to the Agreements, Jiuzi Haoche and the Local Partners will establish joint ventures ("JVs") in Jiangxi Province and Zhejiang Province, respectively.
  • As the regional operations hubs, the JVs will integrate the strengths, resources, and skills of Jiuzi and the Local Partners to explore the local markets.
  • Jiuzi Haoche will provide the JVs with new energy vehicles and credit facilities while the Local Partners will be in charge of day-to-day operations and business development.
  • Jiuzi Haoche focuses on empowering the regional operations centers by leveraging Jiuzi's advantages in vehicle sourcing while leaving the daily operation and market exploration to the Local Partners.