Let's take stock of what major events happened in the automotive circle on March 10, 2022.
Automobile incident 1: WEILAI officially landed on the Hong Kong Stock Exchange
On the morning of March 10, NIO officially landed on the Hong Kong Stock Exchange, opening at HK$160 per share on the first day, and the Hong Kong stock market was worth HK$267.041 billion. According to the announcement, NIO's outstanding common shares are currently 1.669 billion shares, including 1.392 billion class A common shares, 128 million class B common shares, and 149 million class C common shares, all of which should be converted into class A common shares according to the conversion notice submitted by the relevant shareholders after listing.
Car Incident Two: BMW recalls more than one million cars worldwide
A few days ago, the National Highway Traffic Safety Administration released information announcing the recall of more than 900,000 BMW models in the United States. According to foreign media reports, the recall will also involve Canada, South Korea and other countries.
The recalled models involve BMW 1 Series, 3 Series, 5 Series, X3, X5, Z4, etc., with production dates ranging from 2005 to 2013, and a total of 917106 vehicles in the United States are within this range. The specific reason is that the supplier failed to produce the components according to specifications, resulting in the risk of short circuit of the PCV valve heater of the engine crankcase ventilation system, resulting in overheating of the PCV valve and possibly causing a fire.
Auto Incident Three: Hyundai and Iveco sign a partnership
Recently, according to overseas media reports, Hyundai Motor Company and IVECO Group are jointly discussing cooperation in shared commercial vehicle technology, joint procurement and mutual supply. Foreign media said that possible areas of cooperation will include electric power systems and platforms, as well as hydrogen fuel cell systems.
Hyundai motor said that the two sides have signed a memorandum of understanding. This is "a preliminary step in assessing the potential for cooperation between the two groups in the areas of technology and platforms, including components and systems". This includes research in the field of electric vehicle powertrains and platforms.
Hyundai said the two companies' strategies will remain independent of each other. Both sides want to gain innovative solutions "in today's rapidly changing environment" by building an "ecosystem of mutually beneficial cooperation."
An Iveco Group spokesperson said the potential cooperation with Hyundai would not affect the cooperation between Iveco and U.S. electric truck maker Nikola. Previously, Iveco and Nikola had reached a collaboration on electric and hydrogen heavy-duty trucks.
Automobile incident four: BYD intends to apply for an insurance brokerage license
A few days ago, the State Administration of Market Regulation officially approved the declaration and registration of "BYD BYD Insurance Brokerage Company". After Tesla Tesla, Xiaopeng and Weilai, another automobile company has ventured into the insurance field. At present, the company has not yet registered for industry and commerce, and the insurance brokerage license of the Banking and Insurance Regulatory Commission has been approved.
Previously, BYD had also released recruitment information for a number of insurance positions, including vice president, operation director, compliance director, compliance manager, financial director, product manager, insurance claims specialist and other positions of insurance brokerage companies.
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