Domestic news
Ministry of Industry and Information Technology: Encourage domestic enterprises to actively expand overseas markets On March 21, according to the official WeChat account of "Industry and Information Technology", the Foreign Affairs Work Symposium of the Ministry of Industry and Information Technology was held in Beijing on the 20th. The meeting emphasized that it is necessary to strengthen the study of international rules, actively participate in the formulation of international standards, constructively participate in global governance in the field of industry and information technology, and build consensus and resolve differences through dialogue. It is necessary to give full play to the guiding role of industrial policies, build a platform for exchange and cooperation, encourage domestic enterprises to actively expand overseas markets, and support more foreign-funded enterprises to participate in China's new industrialization process.
From January to February 2024, the export value of lithium-ion batteries in the mainland decreased by 14.9% year-on-year On March 21, the China Chemical and Physical Power Industry Association released data that the cumulative export value of lithium-ion batteries in the mainland from January to February 2024 was 8.724 billion US dollars, a year-on-year decrease of 14.9%, and the cumulative export volume of lithium-ion batteries in the mainland from January to February 2024 was 595 million, a year-on-year increase of 10.4%. Among them, the export value of lithium-ion batteries in January 2024 was US$5.016 billion, a year-on-year decrease of 11.1% and a month-on-month decrease of 5%, the export value of lithium-ion batteries in February 2024 was US$3.708 billion, a year-on-year decrease of 19.5% and a month-on-month decrease of 26.1%, the number of lithium-ion battery exports in January 2024 was 354 million, a year-on-year increase of 17.6% and a month-on-month increase of 18%, and the export volume of lithium-ion batteries in February 2024 was 241 million, a year-on-year increase of 1.3% , a decrease of 31.9% from the previous month.
On March 21, more than 100 "Henan-made" cars were hoisted onto the China-Europe train and were ready to be transported to Moscow via the "Land Silk Road" on the Zhengzhou Railway Port Container Station. According to the statistics of Zhengzhou Customs, in the first two months of this year, Henan exported 5.5 billion yuan worth of automobiles, a year-on-year increase of more than 60%. Among them, the export value of new energy vehicles was nearly 1.8 billion yuan, a year-on-year increase of nearly 3 times.
China Automobile Dealers Association: The average daily trading volume of second-hand cars increased by 10.8% year-on-year from March 11 to 17 On March 21, data released by the China Automobile Dealers Association showed that from March 11 to 17, 2024, the average daily trading volume of second-hand cars was 65,500 units, which was basically the same as last week's trading volume and an increase of 10.8% compared with the same period last year, and the second-hand car trading volume maintained steady growth. Calculated on a comparable basis, from March 1 to 17, 2024, the second-hand car transaction volume was 850,000 units, an increase of double that of the same period last month, mainly due to the low base caused by the Spring Festival holiday in the same period in February, from the perspective of the company's operation, according to the survey, 58% of the second-hand car dealers said that the passenger flow was basically the same as last week, 25% of the companies said that the passenger flow increased, focusing on the transaction volume, 22% of the companies said that the transaction volume increased. As a result, the volume of transactions in March is expected to be around 1.7 million units, up 41% month-on-month and 8.2% year-on-year.
Passenger Association: 1-2 months new energy commercial vehicle sales increased by 97% year-on-year On March 21, Cui Dongshu, secretary general of the National Passenger Car Market Information Association, issued a document saying that due to the complex interference of the Spring Festival, the domestic sales of commercial vehicles this year were temporarily low, and the domestic sales of commercial vehicles from January to February this year reached 336,000, a year-on-year decrease of 20%. Among them, commercial vehicle sales in February were 145,000 units, a year-on-year decrease of 50%. From January to February 2024, the sales volume of new energy commercial vehicles was 41,000 units, a year-on-year increase of 97%. International News
The U.S. government unveils "the strictest vehicle emission standards in U.S. history"
On March 20, the U.S. government moved to curb polluting emissions from U.S. cars and light trucks, imposing so strict tailpipe emission limits that it is set to force automakers to rapidly ramp up sales of electric and plug-in hybrid models. The rule achieves "the strongest vehicle pollution standard in U.S. history" and sets the stage for continued "American innovation," with the new requirement expected to halve average vehicle emissions by 2026 compared to existing standards. The measure also imposes limits on the pollution caused by soot and haze.
The U.S. government announced a $19.5 billion subsidy for Intel On March 20, local time, U.S. President Joe Biden announced that the U.S. Department of Commerce and Intel Corporation reached a preliminary agreement that Intel Corporation's computer chip factories in Arizona, Ohio, New Mexico and Oregon will receive $19.5 billion in subsidies, including $8.5 billion in direct funding and $11 billion in loans. According to a statement released by the White House on the same day and Biden's speech, the funds will be appropriated through the CHIPS and Science Act.
BMW's fourth-quarter sales were 42.97 billion eurosOn March 21, BMW announced that its sales for the fourth quarter of 2023 were 42.97 billion euros. BMW expects an EBIT margin of 8 to 10 percent in 2024.
Volkswagen will strengthen cooperation with Israeli autonomous driving company Mobileye On March 20, Mobileye issued a statement saying that it will strengthen cooperation with Volkswagen in the field of autonomous driving, jointly introduce new autonomous driving functions into mass production, and provide them to Volkswagen's Audi, Bentley, Lamborghini and Porsche brands in the future. According to the statement, the above features include automatic overtaking on multi-lane highways in permitted areas and conditions, as well as automatic parking in front of red lights and stop signs, among others. Corporate News
Hu Xindong, former executive vice president of Dongfeng Renault, was subject to disciplinary review and supervision investigation
On March 21, according to the Discipline Inspection Commission of Dongfeng Company and the Hubei Provincial Commission for Discipline Inspection and Supervision: Hu Xindong, the former executive vice president of Dongfeng Renault Automobile Co., Ltd. of Dongfeng Company, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Discipline Inspection Commission of Dongfeng Company and the Supervision Commission of Xiangyang City, Hubei Province.
BYD obtains new patent to improve the safety of battery systems On March 21, according to the announcement of the State Intellectual Property Office, BYD Co., Ltd. obtained a patent called "combiner bracket, battery pack and vehicle", with the authorization announcement number CN220628144U, and the application date is August 2023. According to the patent abstract, the patent installs the busbar in the battery pack through a rotatable bracket, which can improve the reliability, maintenance and safety of the battery system, while also providing greater flexibility and adaptability to adapt to different needs and conditions. Connecting the busbar to the busbar support through fixed members offers benefits such as ease of maintenance and service, flexibility and scalability, error troubleshooting and troubleshooting, better insulation and safety, and reduced material waste.
Li Xiang issued an internal letter to all employees: Ideal MEGA has a misjudgment of strategic rhythm and pays too much attention to salesOn March 21, Li Xiang, CEO of Li Auto, issued an internal letter to all employees, in which he reviewed the problems that occurred in Li Auto in March and proposed solutions. Li Xiang believes that Ideal MEGA has misjudged the strategic rhythm and mistakenly regarded Ideal MEGA from the 0 to 1 stage (commercial verification period) as the 1 to 10 stage (high-speed development period) for operation. In addition, Li Auto pays too much attention to sales and competition from top to bottom, allowing desire to outweigh value.
XIAOMI SU7 PART OF THE TRADEMARK APPLICATION WAS REJECTED TIANYANCHA INTELLECTUAL PROPERTY INFORMATION SHOWS THAT RECENTLY, MILLET TECHNOLOGY CO., LTD. APPLIED FOR PART OF THE "XIAOMI SU7", "XIAOMI SU7" "XIAOMI SU" TRADEMARKS, THE PROCESS INFORMATION WAS CHANGED TO THE ISSUANCE OF THE REJECTION NOTICE, THE RECEIPT OF THE REJECTION REVIEW APPLICATION, THE INTERNATIONAL CLASSIFICATION INCLUDES SCIENTIFIC INSTRUMENTS, ADVERTISING SALES, ETC., THE ABOVE TRADEMARKS WERE APPLIED FOR IN NOVEMBER LAST YEAR.
Evergrande Hengchi Automobile Shanghai Company was executed 98 million yuan on March 21, Tianyancha legal litigation information shows that recently, Evergrande Hengchi New Energy Automobile (Shanghai) Co., Ltd. added 3 new pieces of information on the person subject to execution, with a total of more than 98 million yuan, involving construction contract disputes, etc., one of the cases is executed by the company's shareholder Evergrande New Energy Automobile Investment Holding Group Co., Ltd., and the enforcement court is the Shanghai Songjiang District People's Court. According to the risk information, Evergrande Hengchi New Energy Automobile (Shanghai) Co., Ltd. has more than 50 pieces of information on the person subject to execution, with a total amount of more than 1 billion yuan. In addition, the company also has a number of consumption restriction orders, judgment defaulters (lai) and final case information.
Geely Automobile: Zeekr has publicly submitted amendment No. 3 to its registration statementOn March 21, Geely Automobile announced the latest progress on the proposed spin-off of Zeekr and its independent listing. On March 20, ZEEKR publicly filed its registration statement with the SEC in accordance with the U.S. Securities Act of 1933, Amendment No. 3 to its registration statement. The updated registration statement includes the audited and selected financial information of ZEEKR Group for 2023.
Text: Zhao Jianguo Editor/Layout: Wang Kun
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