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1. Euler Good Cat GT announces price increases
Recently, Euler Automobile officially said through euler ORA App that due to the sharp rise in raw material prices, new energy car purchase subsidies decline and other factors, from 00:00 on March 1, the official guidance price of the GT version of Euler Good Cat was adjusted to 147,000 yuan, and customers who had previously paid a deposit to sign a contract still enjoyed the insurance policy. In addition, Euler Automobile announced that the 2022 Euler Good Cat will start receiving orders from 00:00 on March 1.
2. Li Shufu resigned as a director of Geely
On March 4, Geely Automobile Group Co., Ltd. underwent industrial and commercial changes, Li Shufu and Yang Jian resigned as directors, and Sun Hong and Wang Xinggui were added as supervisors and directors.
Geely Automobile Group Co., Ltd. was established in September 2018 with a registered capital of 900 million yuan, Li Shufu stepped down as chairman in July 2021, the current chairman is An Conghui, and the legal representative is Gan Jiayue. Shareholder information shows that the company is wholly owned by Zhejiang Geely Holding Group Co., Ltd.
Previously, Li Shufu had stepped down as a director of Zhejiang Geely Automobile Co., Ltd. on February 22.
3. Ideal's second car, the L9, will be released soon
On the evening of March 3, Ideal Auto announced on the official public platform that it will release a global smart flagship SUV built for families during the Beijing Auto Show, and the product is officially named Ideal L9.
According to previous news, the second model of Ideal Auto is positioned as a full-size SUV, with a body size larger than the Ideal ONE, with a body length of 5200mm and a wheelbase of 3105mm. In terms of power, the new car will be built with the second-generation extended range platform, the maximum power of the system will reach 300kW, the maximum torque will be 600N·m, the acceleration time of the vehicle will be less than 6 seconds, and it will be equipped with adaptive air suspension. The price of the whole vehicle may reach 500,000 yuan.
4. Ford's Electric Vehicle Business Unit is independent
On March 2, Ford Motor announced that its electric vehicle business unit and the traditional internal combustion engine business unit will operate as separate entities, aiming to promote the development of the electric vehicle business to catch up with the industry leader Tesla.
In addition, Ford expects to invest $5 billion in new energy vehicles in 2022 and plans to build a production capacity of 2 million new energy vehicles per year by 2026. Ford said it has reorganized its automotive business into two different businesses — one will focus on producing cars and focusing on maximizing profits, and the other will be responsible for developing and accelerating the production of electric models as much as possible, aiming for further rapid growth.
5. Zeng Qinghong: It is recommended to postpone subsidies for new energy vehicles
On March 3, Zeng Qinghong, a deputy to the National People's Congress and chairman of GAC Group, put forward five suggestions such as amending the relevant provisions of the Road Traffic Safety Law, promoting the faster development of intelligent driving, and accelerating the development of the mainland automotive chip industry chain, improving the subsidy policy for new energy vehicles and promoting the localization of automotive industry software.
Regarding the improvement of the subsidy policy for new energy vehicles, Zeng Qinghong suggested that the state subsidy be postponed for one to two years, simplify the procedures for receiving subsidies in the early stage, alleviate the financial pressure of enterprises, and consider the strategic direction adjustment of the subsidy policy for the promotion and application of new energy vehicles at the national level in the new period to achieve the purpose of "boosting consumption and encouraging construction".
6. Tucson will change coaches in the future, and Lu Cheng will hand over Hou Xiaodi
On March 3, self-driving technology company Tucson Future said it would replace the CEO as part of the company's executive succession plan. As soon as the news broke, the company's shares fell 22 percent to close at $13.25, well below its $40 initial public offering price in April 2021.
Tucson Future announced that Xiaodi Hou, who had previously served as the company's chief technology officer, will succeed Cheng Lu as the new CEO and president and Chen Mo as chairman of the board, the decision will take effect immediately.
Xiaodi Hou, 37, received his Ph.D. from the California Institute of Technology and is the co-founder of Tucson Future. He is a world-renowned expert in artificial intelligence and machine learning and currently holds more than 30 patents in the field of autonomous vehicles.
7. Hyundai will push 17 pure trams
Recently, Hyundai Motor officially announced its medium- and long-term electrification development strategy and financial goals, Hyundai Motor and Genises plan to launch 17 pure electric vehicle models by 2030, and strive to achieve global electric vehicle sales of 1.87 million units, with a market share of 7%. At the same time, by 2030, Hyundai Motor will ensure that the operating profit margin of the relevant departments of electric vehicles will reach more than 10%.
Hyundai motor plans to launch 17 pure electric models by 2030 (11 under Hyundai and 6 under Geniseith). Among them, Hyundai Motor will continue to build an electric vehicle matrix composed of 6 SUVs, 3 sedans, 1 light commercial vehicle and 1 innovative model, and achieve annual sales of electric vehicles of 1.52 million units. This year, The Ani Kr 6 will be officially launched, and the Ani Kr 7 is scheduled to debut in 2024.
8. E-Qacom is considering listing in the United States through SPAC
Recently, according to Bloomberg, a person familiar with the matter revealed that Geely Holding Group's strategic investment in ECARX Technology (ECARX) is considering listing in the United States through a merger with a blank check company.
According to the report, Egatong is currently discussing the transaction with a consulting firm; if the transaction is completed, the combined entity will be valued at about $4 billion. One of the people familiar with the matter said the company was considering applying to regulators for approval of a merger with a special purpose acquisition company (SPAC).
9. Lantu Dreamer will be available in April
Recently, Lantu Automobile announced that Lantu Dreamer, a product that carries the double eagerness of the market and users, will be officially listed in April this year.
Out of the in-depth understanding of the "intelligent comfort living room", Lantu Dreamer not only has a large and abundant space for riding and storage, but also has a flexible and adjustable space combination and an ultra-wide integrated corridor to meet the rich demands of multi-person travel and multiple scenes.
10. BYD sold more than 90,000 vehicles in February
Recently, the Electric Guild learned from BYD that BYD's passenger car sales in February were 90,268 units, an increase of 336.2% over the same period last year. Among them, the sales of new energy passenger cars reached 87,473 units, an increase of 764.1% year-on-year.
With the blessing of core technologies such as DM-i super hybrid and e-platform 3.0, blade battery, BYD achieved good market performance in the two market segments of pure electric vehicles and plug-in hybrid in February. This year, the BYDHan family model will be further expanded, and the BYDHan DM-i, which has a pure electric mileage of more than 200 kilometers, will also be officially launched.
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