Let's take stock of what major events happened in the automotive circle on November 5, 2021.
Auto Incident 1: Digital China Group and others signed a strategic cooperation with Tencent Cloud
November 5 news, 2021 Tencent Digital Ecology Conference kicked off in Wuhan. On the opening ceremony, China Holdings, China Information, Digital China Group and Tencent Cloud held high-level talks and strategic signing ceremonies, announcing the establishment of a comprehensive strategic partnership, which will carry out comprehensive docking and cooperation in financial technology, smart city, smart industry chain, cloud and digitalization, jointly promote the deep integration of digital technology and the real economy, and empower the digital transformation of finance, smart city, retail, automotive and pan-enterprises.
This strategic signing is not only based on the business cooperation and complementary advantages of China Holdings, China Information, Digital China Group and Tencent Cloud in many fields, but also a high degree of consensus and strong alliance in the face of future technological development and industrial change.
Automobile incident two: Great Wall Motor Germany company was filed
On November 5, the website of the Hebei Provincial Development and Reform Commission published information agreeing to the establishment of Great Wall Motor Co., Ltd. in Germany for the record. Previously, on September 5, Great Wall Motors also obtained consent for the establishment of Mande Business and Technology Co., Ltd. in Germany.
In 2017, Great Wall Motors set up a technical center in Munich, Germany, but since its establishment, the Great Wall German Technical Center has developed slowly, and Great Wall Motors has not officially listed in Europe. In June 2021, Great Wall Motor closed its Munich branch in Germany, and at the same time, its wey brand opened a branch in Frankfurt, Germany.
Automobile incident three: Under Zotye, Jiangnan Automobile was filed for bankruptcy reorganization
A few days ago, some media reported that Hunan Jiangnan Automobile Manufacturing Co., Ltd. (hereinafter referred to as "Jiangnan Automobile") has newly been bankrupted and reorganized, the case number is (2021) Xiang 01 Broken No. 11, the respondent is Jiangnan Automobile, the applicant is Webasster Roof Heating System (Shanghai) Co., Ltd., and the public date is November 4, 2021.
Jiangnan Automobile was established on November 8, 2001, with a registered capital of 320 million yuan, the legal representative is Jin Zheyong, and its business scope includes research and development, production, sales and maintenance of automobiles and engines and parts. The company is indirectly 100% owned by Zotye Automobile Co., Ltd., which has 7 foreign investment enterprises, all of which are involved in the automotive field.
Public data show that Jiangnan Automobile was involved in 222 judicial cases, of which 91.44% were defendants, and 47.3% of the cases were based on disputes over sales contracts. In addition, the company has 5 bankruptcy reorganization records.
Auto Incident Four: BorgWarner Announces Q3 Revenue Increases 35%
Recently, overseas media reported that BorgWarner announced its performance report for the third quarter of 2021. Overall, BorgWarner's revenue in Q3 increased 35% year-on-year, but operating profit fell 21%.
According to the official detailed report, BorgWarner's third-quarter net revenue was $3.4 billion, compared to $2.5 billion in the same period last year, an increase of 35% year-on-year. Adjusted operating profit was $311 million, compared to adjusted operating profit of $396 million for the year-ago quarter, down 21 percent year-over-year. BorgWarner's third-quarter net income was $96 million, compared to $111 million in the year-ago quarter, down 14 percent year-over-year.
Auto Event Five: BYD releases October sales figures
Recently, BYD released its October sales data, which shows that BYD passenger cars sold 88,898 units in October, an increase of 90.9% year-on-year and 12.5% month-on-month; of which 80,003 new energy passenger cars were sold, an increase of 262.9% year-on-year. Among them, dm models sold 38771 units, ev models sold 41232 units.
In terms of specific models, Han sold 11,087 units in October, hanev increased by 63.9% year-on-year; the Qin family sold 27,725 vehicles. In October, sales of Song DM and Tang DM rose. The Song family sold 23,313 vehicles in October, with the Song dm increasing by 1897.6% year-on-year; the Tang family sold 6862 vehicles, and the sales of dm models increased by 81.7% year-on-year. In terms of ev models, Yuanpro achieved sales of 6,507 units in October. Sales of 6,018 units in October increased by 100.6% month-on-month.
"Car News of the Day", here is the latest car news of the day, please continue to pay attention to "The Way to Know the Car".