1. "UCAR AutoMotive Website" reported on January 21 that the 10,000th Landu FREE of Landu Automobile, a new force in car manufacturing, officially rolled off the production line at the Landu 4.0 digital factory. From June 30, 2021, When Lando FREE's first mass production car rolled off the production line, to January 21, 2022, Lando completed the leap from 10,000 to 10,000 vehicles in 205 days, creating a new speed from the brand launch to 10,000 vehicles off the production line. Since the start of delivery on August 8, sales have climbed for five consecutive months. In December 2021, the number of insurance vehicles on the Landu FREE reached 3138, ranking second among chinese brands of medium and large SUVs, surpassing THE NIO EC6, Mercedes-Benz EQC, and Audi e-tron.
Autonomous car review: As of now, the performance of Lantu Automobile is quite eye-catching, in addition to the goal of 10,000 vehicles, Lantu's second model, Lantu Dreamer, is also amazing enough. With the strong support of Dongfeng Group, Lantu can do a big job in the field of pure electricity.
2. "Futu" issued a newsletter on January 21, pointing out that South Korean power battery giant LG New Energy will create the largest IPO in South Korea. It is reported that LG New Energy will be 1600 yuan per share of the prospectus, according to the price, LG New Energy's IPO valuation is about 375 billion yuan, this value will be second only to Samsung Electronics and SK Hynix. After the successful IPO, LG New Energy plans to set up a factory in North America with GM, build a wholly-owned factory in Poland, and increase the scale of investment in Nanjing and other places on the mainland, with the aim of surpassing the Ningde era.
Independent car review: Not only domestic capital is very enthusiastic about power batteries, but also overseas. LG New Energy has successfully raised tens of billions of yuan by relying on the power battery industry, and with these funds, LG New Energy will have enough funds to support huge capacity expansion.
3. "One Circle of Cars" wrote on January 21 that BYD announced today that it will adjust the price of new energy models related to Dynasty Network and Ocean Network, with a price increase range of 1,000 to 7,000 yuan, effective from February 1 this year. Officials said that due to the sharp rise in raw material prices and the decline in subsidies for new energy car purchases, they chose to increase the price. If conservatively estimated according to 1 million annual sales, this price increase will bring AT LEAST more than 1 billion yuan in revenue to BYD.
Autonomous car review: Although BYD can earn more than 1 billion yuan in revenue through price increases, compared with the increase in upstream raw material prices, BYD obviously does not harm consumers.
4. Auto Headlines wrote on January 21 that Renault Group and Geely Holdings formally signed an agreement today, and the two sides will form a joint venture company to develop, produce and sell Renault brand fuel vehicles and intelligent hybrid vehicles in South Korea based on Geely's CMA structure and hybrid technology, and export them to markets outside South Korea. In simple terms, Geely is responsible for technology research and development, providing key technologies such as platforms, and Renault is responsible for vehicle design, using the Renault Samsung brand, producing and selling in South Korea.
Autonomous car review: Although the models exported to South Korea are not hung with the Geely logo, exports can always generate foreign exchange, which is a good thing for both Hangzhou and Geely.
5. According to the newsletter released by Interface on January 21, Dongfeng Motor Group recently said that it will sell up to 40 million shares of Stellantis Group through its wholly-owned subsidiary Dongfeng Motor (Hong Kong), with a total value of 732 million euros (about 5.257 billion yuan). At present, Dongfeng Motor has entrusted BNP Paribas to sell, looking for buyers who are willing to take over. Prior to the sale, Dongfeng Motor held a 5.62% stake in The Stellantis Group, and after the completion of the sale, Dongfeng Motor's shareholding ratio will be reduced to 3.2%.
Independent car review: The cooperation between Dongfeng Motor and Stellantis Group seems to be coming to an end, in addition to the domestic Dongfeng Peugeot, Dongfeng Citroen performance is dismal and unexpected, Dongfeng Group is also accelerating the reduction of Stellantis shares, it seems that Dongfeng will focus on domestic independent brands.