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On March 27, China Evergrande New Energy Vehicle Group Limited (Evergrande Vehicle) issued its financial report for 2023. According to the financial report, Evergrande Vehicle achieved a revenue of CNY 1.34 billion, up 900.04% year-over-year. As of December 31, 2023, Evergrande Vehicle incurred a deficit of CNY 11.99
According to a Transport Bureau of Shenzhen Municipality (TBSM) press release dated March 26, all 16 plant buildings for the first phase of the Shenzhen-Shanwei BYD Automobile Industrial Park have been commissioned, where 167 production lines are manufacturing components for New Energy Vehicles (NEVs). For the second
Tesla Inc. is preparing to produce a revamped version of its Model Y, with significant interior and exterior changes, at its Gigafactory Shanghai plant, according to people familiar with the matter.
Tesla is planning a major redesign for the Model Y similar to what it has recently done with the Model 3, which could b
On December 1, Umicore announced the groundbreaking ceremony in Changshu, Suzhou for its large-scale fuel cell catalyst plant. The plant is expected to become operational in early 2026.
It is planned to be carbon neutral from the start and will contribute to reducing scope 3 emissions in the value chain. The plant
On November 15, Audi FAW announced that the construction of the Audi FAW NEV company in Changchun, China, is on track for completion by the end of 2023.
The Test Center Changchun, inaugurated in September 2023, can operate up to 70 test vehicles. The facility, featuring 1,000 robots, automated warehouse, presses, and
Multiple press releases dated November 9 showed that FAW Toyota recently issued a letter to dealers, stating that the latest supply and demand adjustment plan has been officially developed to alleviate inventory and financial pressure on all its dealer partners.
According to the plan, after slashing October and Novem
According to multiple press releases dated April 2, Enovate Auto recently issued a notice of work stoppage and production suspension, stating that in view of the company’s current financial situation and production and sales plans, some of the company’s positions have been under a work stoppage and production suspens
Tesla will begin suspending some production at Gigafactory Shanghai as soon as February 19 until the end of the month as it upgrades the facility to make a refreshed version of the Model 3 compact sedan, according to those familiar with the matter.
The facility has two phases that are used for vehicle manufacturing,
According to multiple press releases dated January 10, Zeekr, a Geely subsidiary, will conduct production line renovation and upgrade during the Chinese New Year holiday and the periods before and after it at its plant in Ningbo, Zhejiang, which is expected to last some 22 days from January 11 to February 1.
The pro
According to multiple press releases dated December 26, Tesla has suspended production at its Shanghai Plant on December 24, slightly earlier than the previous plan to stop most work at the plant in the last week of December. Previously, the media had reported that Tesla planned to suspend the production of the Model
According to multiple press releases dated December 14, all BAIC Group subsidiaries have resumed operations. The enterprises optimized and adjusted their production schemes against the backdrop of COVID-19 prevention and control according to their business characteristics, with key production enterprises formulating
Tesla Inc. will shorten production shifts at its Shanghai factory as soon as December 12 and has delayed the on-boarding of some new hires, according to people familiar with the situation.
The plant will operate two 9 1/2-hour shifts per day, down from two 11 1/2-hour shifts currently, according to the people.
The s
According to multiple press releases dated November 29, as the coming of winter steeply intensifies COVID-19 outbreaks in China, OEMs have to implement temporary production suspension and closed-loop production.
FAW-VW’s plant in Chengdu, Sichuan that mainly produces models under the Jetta brand has temporarily suspe
On November 30, GAC announced on its official website that around 3,800 employees of its investing enterprises in Panyu District and around 700 of its investing enterprises in the Mingzhu Industrial Park in Conghua District have implemented closed-loop work and production due to the COVID-19 outbreak in Guangzhou.
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According to multiple press releases dated November 27, Chongqing has been facing the most severe COVID-19 outbreak for the last 3 years since November. To cope with the impact and adverse effects of the outbreak on the industrial and supply chains and to maintain the smooth operation of the industrial economy, multi
According to multiple press releases dated November 3, two Nio plants in Hefei, Anhui, which were previously shut down due to COVID-19 prevention and control measures, have now resumed production.
Among them, the First Plant is located at Susong Road in the Hefei Economic & Technological Development Area and mainly
According to multiple sources, Bosch has shifted to a closed-loop (bubble) operation since the outbreak of the latest COVID wave in Chengdu. Factory bubble, or closed loop, is a method for companies to maintain production while containing the spread of COVID. Companies should store raw materials and supplies in advan
On September 9, multiple sources reported that Volvo Cars resumed limited production at its auto plant in Chengdu, China. The company had temporarily closed the plant on September 1 due to coronavirus restrictions. Volvo Cars is now operating a single daily shift at the plant and will continue to evaluate the situati
On September 1, multiple sources reported that Volvo Cars will temporarily cease production in the Chengdu factory due to the new coronavirus-related shutdown in Chengdu. In the Chengdu factory, the Volvo S60 and XC60 are assembled. The factory in Daqing, where the S90 and S90L models are manufactured, will also be a
According to multiple sources dated August 31 and the WeChat account of Changan Automobile, Changan Automobile Co., Ltd. (Changan Automobile) has resumed production at its plants in Chongqing from August 29. Some plants are already operating at full capacity. Models under Oshan and Deepal brands are mainly manufactur