Passenger Car Association: As of the 25th, the retail sales of new energy vehicles in August increased by 48% year-on-year

According to the data of the Passenger Car Association, from August 1 to 25, the passenger car market retailed 1.305 million vehicles, a year-on-year increase of 5% over the same period last August, and a year-on-year increase of 9% over the same period last month. The cumulative retail sales so far this year reached 12.872 million vehicles, a year-on-year increase of 3%.

In terms of the new energy market, the passenger car new energy market retailed 718,000 vehicles in the same period in August, a year-on-year increase of 48% over the same period last August, and a year-on-year increase of 18% over the same period last month. The cumulative retail sales so far this year reached 5.707 million vehicles, a year-on-year increase of 35%.

BYD Co., Ltd.: Revenue of 301.127 billion yuan in the first half of the year, a year-on-year increase of 15.76%

BYD Co., Ltd. announced on the Hong Kong Stock Exchange on August 28 that its revenue in the first half of the year was 301.127 billion yuan, a year-on-year increase of 15.76%; the profit attributable to the owners of the company was 13.631 billion yuan, a year-on-year increase of 24.44%; and earnings per share were 4.68 yuan.

In the first half of the year, the revenue of automobile, automobile-related products and other products business was about 228.317 billion yuan, a year-on-year increase of 9.33%; the revenue of mobile phone parts, assembly and other products business was about 72.778 billion yuan, a year-on-year increase of 42.45%; accounting for 75.82% and 24.17% of the total revenue of the group respectively.

Seres: The backbone team plans to increase its holdings of the company's shares by 100 million to 200 million yuan within 6 months

Seres announced on August 28 that the company's backbone team, based on its confidence in future development, plans to increase its holdings of the company's shares through centralized bidding transactions within 6 months from the date of the announcement, with the amount of increase not less than 100 million yuan and not more than 200 million yuan. The increased shares will be purchased through the establishment of a trust/asset management plan or a personal account, and the source of funds will be self-raised funds. The increase plan aims to maintain the company's value, protect the rights and interests of small and medium-sized investors, and enhance investor confidence.

Avita Technology responds to the increase in holdings in Yinwang: Changan Group has 10% priority purchase right

According to Meijing, on the afternoon of August 28, after acquiring 10% of the equity of Yinwang Intelligent Technology Co., Ltd. (hereinafter referred to as Yinwang) for 11.5 billion yuan, Avita Technology may continue to choose to follow up. "Avita may continue to increase its holdings in Yinwang to 20%." A relevant person in charge of Avita Technology said.

A person familiar with Avita Technology said: "After Seres invested in Yinwang, Avita Technology has decided to follow up the investment, and on the basis of the previous purchase of 10% of Yinwang's equity, it will increase its holdings by another 10%." At the same time, Changan Automobile, as one of the main "sponsors" of Yinwang, has the priority purchase right.

The above-mentioned person in charge of Avita Technology also responded: "After Avita Technology purchased 10% of Yinwang's equity, Changan still has a 10% priority purchase right." 

Zotye Auto: Net loss narrowed to 254 million yuan in the first half of the year 

Zotye Auto released its 2024 semi-annual report on August 28, with operating income of 249 million yuan in the first half of 2024, a year-on-year decrease of 32.95%; net loss of 254 million yuan, and a loss of 284 million yuan in the same period last year. Compared with the same period last year, the company's automobile sales revenue decreased in the first half of 2024, and the revenue of automobile parts and door business was also reduced due to the market environment; since the company's vehicle business is still recovering in the first half of 2024, the overall scale is still small, so the overall performance is still in a loss state. 

CATL: Kirin batteries have begun to enter the stage of large-scale volume release

CATL said on the interactive platform on August 28 that Kirin batteries are industry leaders in ultra-fast charging, long battery life, high power, and high safety, and have begun to enter the stage of large-scale volume release, and will occupy a very good proportion of domestic ternary battery shipments.

Hyundai Motor proposed a medium- and long-term development plan, and will invest 640 billion yuan in the next ten years to improve quality and increase volume

On August 28, Hyundai Motor held the "2024 CEO Investor Day" event and proposed a medium- and long-term development plan. According to the plan, Hyunda will invest about 120 trillion won (about 640.376 billion yuan) in the next ten years to achieve quality and increase volume.

Specifically, with the goal of achieving global sales of 5.55 million vehicles in 2030, Hyundai Motor will build a new production line with a production capacity of 1 million vehicles worldwide. In particular, the sales of electric vehicles will be increased to 2 million vehicles in the same year, increasing their share of the company's overall sales to 36%.

Volkswagen Passenger Cars may have difficulty achieving cost-cutting goals

It is reported that Volkswagen Passenger Cars may have difficulty achieving its 10 billion euro (about 79.389 billion yuan) cost-cutting target due to sluggish sales and parts shortages. A Volkswagen spokesman declined to comment.

People familiar with the matter revealed that Volkswagen Passenger Cars is still 2 billion to 3 billion euros short of its savings target this year.

In December last year, Volkswagen Group announced details of its cost-cutting plan, hoping to increase the sales return rate of Volkswagen Passenger Cars to 6.5% by 2026 from 2.3% so far this year.

Polestar appoints new CEO

Swedish car manufacturer Polestar announced on August 28 that it has appointed Michael Lohscheller as its next CEO. Thomas Ingenlath has resigned as CEO. This change will take effect from October 1. Lohscheller has served as CEO of Opel, VinFast and Nikola.

Affected by Typhoon Shanshan, Toyota Motors suspends production at all factories in Japan

According to CCTV News, Japanese media reported on the 28th local time that Toyota Motor Corporation announced on the same day that due to the impact of Typhoon Shanshan, 28 production lines in all 14 factories in Japan will be temporarily suspended. The expected suspension time is from the evening of the 28th to the morning of the 29th local time. It will be determined whether to resume work on the morning of the 29th.

Jaguar Land Rover's parent company, India's Tata Motors, is reportedly going to purchase electric vehicle batteries from Chinese companies

On August 28, sources revealed that India's Tata Motors will purchase electric vehicle batteries from Chinese companies, thus ending the practice of purchasing batteries only from Tata AutoComp System Co., Ltd.