NEV

SunCar Technology Launches Online Insurance Solution for Li Auto Inc. Customers

Retrieved on: 
Friday, October 20, 2023

NEW YORK, Oct. 20, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation services in China, announced that it has launched its online insurance solution for customers of Li Auto Inc.’s (Nasdaq: LI) new energy vehicles (NEV).

Key Points: 
  • NEW YORK, Oct. 20, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation services in China, announced that it has launched its online insurance solution for customers of Li Auto Inc.’s (Nasdaq: LI) new energy vehicles (NEV).
  • Accessible via the Li Auto car owners’ app, SunCar can offer various online insurance solutions, including H5 on the mobile, so car owners can quickly and conveniently compare and purchase auto insurance and other services.
  • Although there are many auto insurance options for drivers, including SunCar’s insurance offerings in the Li Auto app should make it the default choice for all Li Auto customers.
  • Through innovations in product, technology, and business model, Li Auto provides families with safe, convenient, and comfortable products and services.

Chijet Motor Expands Reach to Rural Areas, Leveraging New Policies

Retrieved on: 
Monday, October 16, 2023

This achievement underscores the success of Chijet Motor's strategic initiative to penetrate rural areas with its high-quality NEV offerings.

Key Points: 
  • This achievement underscores the success of Chijet Motor's strategic initiative to penetrate rural areas with its high-quality NEV offerings.
  • Leveraging the Chinese government's push for NEV adoption in rural regions, Chijet Motor's products have gained substantial traction among rural consumers.
  • Chijet Motor views this NEV sales initiative in rural areas as a crucial strategy to broaden its sales channels.
  • This strategic foray into rural markets is poised to fuel Chijet Motor’s continued growth and development.

Climbing Sales: GWM Reports Steady Growth in Overseas Sales for Q3

Retrieved on: 
Wednesday, October 11, 2023

Moving into the third quarter of the same year, sales further rose to 344,819 units, reflecting a sequential growth of 15.22%.

Key Points: 
  • Moving into the third quarter of the same year, sales further rose to 344,819 units, reflecting a sequential growth of 15.22%.
  • Overseas sales also witnessed a significant surge, with 30,018 units sold, indicating a remarkable 59.36% year-on-year growth.
  • GWM's Q3 NEV sales surged by 131.41%, and several NEVs were launched around the world: GWM ORA 03 in Mexico, GWM TANK 300 & 500 NEV in Thailand, and GWM TANK 300 NEV in Australia.
  • Exceptional sales growth at GWM reflects the company's triumphant endeavors in market expansion, not only within the domestic market but also in overseas territories.

Chinese automotive industry has overtaken to supercars

Retrieved on: 
Saturday, October 14, 2023

Meanwhile, we are amazing to see that we can't see any western parts, all of parts of Hyper SSR are independently developed and manufactured in China.

Key Points: 
  • Meanwhile, we are amazing to see that we can't see any western parts, all of parts of Hyper SSR are independently developed and manufactured in China.
  • Previously, China has not a say in automotive manufacturing, which is controlled by Europe, Japan and America.
  • Recently, Huawei launched a premium 5G smartphone, which triggered a popular discussion on whether the Chinese tech giant can break through the US blockade on chip technologies.
  • China has demonstrated an increasing threat to the western NEV industry, it is time for the western NEV industry to get wary and take actions to follow our footprints.

Chinese automotive industry has overtaken to supercars

Retrieved on: 
Saturday, October 14, 2023

Meanwhile, we are amazing to see that we can't see any western parts, all of parts of Hyper SSR are independently developed and manufactured in China.

Key Points: 
  • Meanwhile, we are amazing to see that we can't see any western parts, all of parts of Hyper SSR are independently developed and manufactured in China.
  • Previously, China has not a say in automotive manufacturing, which is controlled by Europe, Japan and America.
  • Recently, Huawei launched a premium 5G smartphone, which triggered a popular discussion on whether the Chinese tech giant can break through the US blockade on chip technologies.
  • China has demonstrated an increasing threat to the western NEV industry, it is time for the western NEV industry to get wary and take actions to follow our footprints.

Global Times: Steadfast industrial upgrade lifts China's high-quality development to new height seen from NEV's rise

Retrieved on: 
Saturday, October 7, 2023

The rapid rise of China's NEV sector globally is a microcosm of the success of China's industrial upgrade and high-quality development.

Key Points: 
  • The rapid rise of China's NEV sector globally is a microcosm of the success of China's industrial upgrade and high-quality development.
  • Still, China's NEV industry did not rise to its global leading position without a lot of hard work and focus.
  • The bright prospect of China's high-quality development is also reflected in the steadfast efforts by companies such as BYD and SAIC Volkswagen to transform and innovate.
  • With their advanced technologies and high-quality products reaching every corner of the globe, the world will feel and benefit from China's high-quality development.

Li Auto Inc. September 2023 Delivery Update

Retrieved on: 
Sunday, October 1, 2023

BEIJING, China, Oct. 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 36,060 vehicles in September 2023, representing an increase of 212.7% year over year and setting a new monthly record.

Key Points: 
  • BEIJING, China, Oct. 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 36,060 vehicles in September 2023, representing an increase of 212.7% year over year and setting a new monthly record.
  • This brought the Company’s third quarter deliveries to 105,108, up 296.3% year over year.
  • The cumulative deliveries of Li Auto vehicles in 2023 reached 244,225 as of the end of September.
  • Meanwhile, monthly deliveries for each of our three Li L series models exceeded 10,000 vehicles for the second consecutive month,” commented Xiang Li, chairman and chief executive officer of Li Auto.

Jiuzi Holdings Announces Strategic Partnership Agreement to Acquire and Install up to 10,000 Smart Electric Vehicle (EV) chargers by 2027

Retrieved on: 
Friday, September 15, 2023

HANGZHOU, China, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Jiuzi Holdings Inc. (NASDAQ: JZXN; the "Company" or “JZXN”), an emerging new energy vehicle (NEV) dealership group operating under the brand name "Jiuzi" in China, today provided updates on its business operations. Shenzhen Jiuzi XinNeng Holding Group Co., Ltd. (“Jiuzi”) a  subsidiary of the Company entered into a strategic partnership agreement with United Time Technology Co Ltd (“United Time”), an entity controlled via contractual arrangement by UTime Ltd. (NASDAQ: WTO) on September 12, 2023, pursuant to which Jiuzi may procure up to 10,000 smart electric vehicle (EV) chargers and the parties shall cooperate to install them in third and fourth tier cities in China by 2027. 

Key Points: 
  • The strategic partnership agreement serves as a binding framework pursuant to which United Time shall supply and service the EV chargers upon Jiuzi’s request according to the terms of the purchase agreement and Jiuzi shall identify the location for the EV chargers.
  • The parties agreed to collaborate on the promotion and marketing of the EV chargers.
  • According to the Company's strategic business plan, it plans to procure up to 1,000 new smart EV chargers from United Time in 2024.
  • According to the Company’s projections, the annual revenue is estimated to reach approximately $10.9Million (RMB80 Million) if all 1,000 smart EV chargers are installed and fully operational.

Quhuo International Hosts Ceremony for Shipment of New Energy Vehicles, Sending Off Nearly 3,000 Units

Retrieved on: 
Thursday, September 7, 2023

This vehicle shipment marks the initial establishment and smooth operation of Quhuo International's new energy vehicle trading system ("NEV trading system" or the "Trading system").

Key Points: 
  • This vehicle shipment marks the initial establishment and smooth operation of Quhuo International's new energy vehicle trading system ("NEV trading system" or the "Trading system").
  • Quhuo International's NEV trading system is dedicated to providing premium vehicle trading services to domestic and international partners.
  • The trading system already possesses high-quality domestic supplies of new energy vehicles (NEVs), both brand-new and used.
  • We will actively explore international markets, guided by the trend of China's NEVs going global, and achieve innovation and breakthroughs in Quhuo International's trading system."

Quhuo International Hosts Ceremony for Shipment of New Energy Vehicles, Sending Off Nearly 3,000 Units

Retrieved on: 
Thursday, September 7, 2023

This vehicle shipment marks the initial establishment and smooth operation of Quhuo International's new energy vehicle trading system ("NEV trading system" or the "Trading system").

Key Points: 
  • This vehicle shipment marks the initial establishment and smooth operation of Quhuo International's new energy vehicle trading system ("NEV trading system" or the "Trading system").
  • Quhuo International's NEV trading system is dedicated to providing premium vehicle trading services to domestic and international partners.
  • The trading system already possesses high-quality domestic supplies of new energy vehicles (NEVs), both brand-new and used.
  • We will actively explore international markets, guided by the trend of China's NEVs going global, and achieve innovation and breakthroughs in Quhuo International's trading system."