EV market leader. In 2024, production and sales volumes were 4.304 million and 4.272 million units, respectively, both 40% higher than in 2023 and nine times higher than in 2019. BYD has accelerated its overseas expansion, with overseas sales volume increasing 71.9% year-over-year (y/y) in 2024. By powertrain, the proportion of PHV model sales increased significantly.   By brand, the Dynasty series Qin L DM-i equipped with the latest technology ...

Market & Tech Reports  Updated at: 2025/02/18

he second phase of the finished vehicle plant project will operate in double shifts. Once the design production capacity is reached after the completion of the third and fourth phase projects, the annual production value is expected to exceed CNY 200 billion. Components project Dongguan FinDreams Power Co., Ltd., a subsidiary of BYD, won the bid for an industrial site of about 432,000 square meters in Xiaguanzhen, Dongguan, Guangdong Province f...

Market & Tech Reports  Updated at: 2025/01/28

h models will feature the SEA (Sustainable Experience Architecture) Intelligent Driving 2.0 system, developed in-house. The company also plans to unveil an all-new large flagship SUV in Q4 of 2025 that will be the first to be equipped with NVIDIA Corporation's DRIVE Thor chip. Two types of electric powertrains will be available: BEV and Super Hybrid (combining the advantages of BEV, PHEV, and range extender technologies). In 2025, the company fur...

Market & Tech Reports  Updated at: 2024/11/05

irst quarter (Q1) of 2024. Many automotive OEMs have announced sales targets for 2024. The SAIC Group's sales volume target is 5.45 million units, the FAW Group 3.47 million units, Changan Automobile 2.8 million units, and Geely Automobile 1.9 million units. In the NEV sector, GAC Aion’s electric powertrain plant started operations. BYD continues to deploy NEV and component projects in various regions. Xiaomi has launched the brand's first EV s...

Market & Tech Reports  Updated at: 2024/05/07

ervice platform. In addition, Great Wall Motor and Geely-owned ECARX have become partners in the application and development of Baidu Apollo's ERNIE large-scale language model for smart cockpits. SAIC Drive battery project Zhengzhou The drive battery plant project of the SAIC Group New Energy power production site in Zhengzhou started with a launch ceremony for the project on July 2, 2023 in the Zhengzhou Economic and Technological Developm...

Market & Tech Reports  Updated at: 2023/11/10

Automobile Industry Co., Ltd., Zhengzhou Branch is planning an NEV passenger car project with an annual production of 300,000 units, an investment of CNY 3.59 billion, and a site area of approximately 970,000 square meters. Partnership for drive batteries On May 12, 2023, the company and Weichai Power Co., Ltd. agreed to form a strategic partnership. The two companies will produce drive batteries in Shandong Province and build a drive battery ...

Market & Tech Reports  Updated at: 2023/08/01

7°C below zero, 5% depletion after 100,000 km, and a range of over 200 km on a 10-minute charge. At the same time, the company has been conducting research and development of all-solid-state batteries and has already produced a prototype model using all-solid-state batteries. Integrated electric powertrain The electric drive powertrain project uses in-house developed silicon carbide (SiC) motor controllers for medium and high voltage platforms...

Market & Tech Reports  Updated at: 2022/11/17

commercial vehicle and own-brand passenger car business together. Commercial vehicles Become a preeminent logistics and transportation solutions provider and an international top-class commercial vehicle manufacturer. Constantly optimize its product lineup, develop high-end trucks, complete its powertrain product lineup, and pioneer and develop smart logistics and services for the entire life cycle. Passenger cars Build an own-brand passen...

Market & Tech Reports  Updated at: 2022/09/01

he experts from the National Innovation Center of Intelligent and Connected Vehicles, Huawei Intelligent Automotive Solution BU (Business Unit), and United Automotive Electronics Systems.   Related reports:Foxconn: Transforming existing mobility with EVs (Nov.2021)SAE China 2021 (1): Conference on Power Battery Utilization and Testing Technology (Nov.2021)5G - The New Gold Standard? (Jul.2021)The Second Digital Revolution (Aug.2021)Future HMI an...

Market & Tech Reports  Updated at: 2021/12/01

gher in case of speech versus touch. (Financial Times, few years ago) Almost half of the consumers use in-car voice. (49%). (Gapgemini Research Institute, 2019) By 2028 about 90% of all vehicles will have embedded voice assistants on board (Navigant Research, 2019)   Contrary to these outcomings, JD Power Initial Quality Studies show that built-in voice recognition have been a top customer complaint since many years. Mr. Bauer mentioned followi...

Market & Tech Reports  Updated at: 2021/09/10

ing of components as well as research and development. Li Auto Inc. will build a global flagship plant in the Shunyi District, Beijing. Guangzhou Xiaopeng Motors Technology Co., Ltd. (XPeng) has officially signed a contract with the Wuhan City Government to establish a finished vehicle and electric powertrain plant in Wuhan. Hozon New Energy Automobile Co., Ltd. (Hozon) has secured investment from the 360 Group, a mobile cybersecurity service pro...

Market & Tech Reports  Updated at: 2021/08/02

brand plant ・On June 29, 2021, a Bestune plant that manufactures the Hongqi brand vehicles under the FAW Group was completed. Located in Changchun, Jilin Province, the site covers an area of 740,000 square meters. It has five workshops: stamping, welding, painting, assembly, and battery/electric powertrain. The annual production capacity is 200,000 units. The first production model will be the Hongqi E-QM5, a mid-sized electric sedan. Buildi...

Market & Tech Reports  Updated at: 2021/07/15

Ms in that it is a private company and it has developed a complete vehicle manufacturing business without forming a joint venture with any foreign OEMs. Furthermore, by proactively investing in long-established foreign OEMs struggling with poor management, the company has been able to improve brand power. After investing in Volvo Cars, it brought in London Taxi (now called LEVC), Proton, Lotus and Polestar; conversely, Geely initiatives in less-e...

Market & Tech Reports  Updated at: 2019/12/04

eate new user experiences Summary Company introduction NIO’s strengths and the risks it is facing Partnership with JAC Motors and plans to construct own plant Partnerships for CASE technology products Charging solution and services: Facilities and services integrated with the internet such as NIO Power and NIO Houses Product Positioning and Challenges Introduction of current models   With the advent of the double credit policy to stimulate the...

Market & Tech Reports  Updated at: 2019/04/11

hedule to start manufacturing batteries was moved forward to mid-2019 from the beginning of 2020. Nissan ・Nissan plans to invest THB 10.96 billion to produce HVs and batteries for HVs at its Bang Saothong plant in Samut Prakan province (approved in July 2018). ・The model equipped with the e-Power drivetrain will be built. ・Nissan intends to procure parts worth THB 15.92 billion annually in Thailand. Honda ・Honda plans to invest TH...

Market & Tech Reports  Updated at: 2019/03/13