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Daily car news: Porsche will suspend its Leipzig plant

Let's take stock of what major events happened in the automotive circle on March 9, 2022.

Car incident one: Porsche will suspend the Leipzig plant

A few days ago, we learned from overseas media that Porsche will temporarily close its factory in Leipzig due to the impact of the ongoing Russian-Ukrainian conflict. Models such as the Porsche Panamera and Macan are mainly produced here.

Daily car news: Porsche will suspend its Leipzig plant

It is reported that the reason for the suspension of the factory is still due to the shortage of chip semiconductors, and the recent Russian-Ukrainian conflict has also exacerbated this phenomenon. Foreign media confirmed by Porsche that the Porsche Leipzig plant has been temporarily closed from March 2 and will continue until March 11. At the same time, Porsche said that it will dynamically assess whether the factory can resume normal production according to the conditions in the coming weeks.

Car Incident Two: Schaeffler releases 2021 financial data

Recently, the Schaeffler Group officially announced its 2021 financial data. In 2021, the Group achieved full-year sales of €13.9 billion, an increase of 9.7 percent at constant exchange rates and a free cash flow of €523 million. The Group's three business units and four regions showed strong growth. In view of the current situation, the Schaeffler Group has decided to postpone the announcement of its 2022 targets.

Daily car news: Porsche will suspend its Leipzig plant

Specifically, in 2021, the Group's Automotive Technology Division achieved sales of 8.436 billion euros, an increase of 7.4% at a constant exchange rate. With global automotive production up about 3.4 percent, automotive technology outperformed the market by 4 percentage points. The Group's four regions achieved growth, with the Greater China automotive business growing by 5.7%. In 2021, the Group's Automotive Technologies division added 10.2 billion euros in new orders, of which 3.2 billion euros came from the electric drive business, far exceeding the expected target of 1.5-2 billion euros.

Auto Event Three: BYD registers a new company

Recently, according to the enterprise check App, Chongqing Qianyuan Xinjing Automobile Sales Service Co., Ltd. has added new foreign investment, and the name of the investment enterprise is Chongqing Xinjing Tengfei Automobile Sales Service Co., Ltd., with an investment ratio of 100%. The business scope includes: sales of new energy vehicles, sales of new energy vehicle replacement facilities, sales of charging piles, etc.

Daily car news: Porsche will suspend its Leipzig plant

Chongqing Xinjing Ascendas Automobile Sales Service Co., Ltd. was established on March 1, 2022, the legal representative is Qu Taibo, the registered capital is 2 million yuan, and the business scope includes the sales of new energy vehicles, the sales of new energy vehicle replacement facilities, and the sales of charging piles. The company, Chongqing Qianyuan Xinjing Automobile Sales Service Co., Ltd., is 100% controlled, which is wholly owned by BYD Automobile Industry Co., Ltd.

Auto Event 4: Wuling New Energy Strategy Released

Recently, SAIC-GM-Wuling released the "two million, five billion" - China Wuling New Energy Strategy, which will build a million pure electric new energy platform, a million hybrid new energy platform, and five tens of billions of industries of batteries, electric drives, electronic controls, trade services, and robots, and strive to achieve annual sales of new energy vehicles in 2023.

Daily car news: Porsche will suspend its Leipzig plant

Focusing on building a million pure electric new energy platform and a million hybrid new energy platform, SAIC-GM-Wuling will continue to expand new products of the GSEV platform according to the needs of users in multiple scenarios, create a series of new products of the EQ platform positioned as an intelligent social space, and launch a series of new products such as hybrid and urban multi-functional vehicles. Explore a new business model integrating retail, e-commerce and direct sales, and create an online and offline integrated marketing system and diversified marketing model.

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