Local time on Wednesday (March 12), Europe's largest battery company, the Swedish power battery company Northvolt announced on its official website that it has filed for bankruptcy in Sweden because the company is running out of cash.The Swedish company has filed for bankruptcy protection in the United States in November last year, the company had hoped to complete the reorganisation in the first quarter of this year, in order to obtain funds to be able to continue operations.Northvolt said on Wednesday that despite pursuing all available options to negotiate and implement a financial restructuring, including Chapter 11 reorganisation proceedings in the US; and despite liquidity support from lenders and major counterparties, the company is unable to obtain the necessary financial conditions to continue operations in its current form.As of 31 January, the total debt of Northvolt's nine affiliates in the insolvency proceedings had surpassed the $8 billion mark, according to newly disclosed documents.This is one of the largest bankruptcies in Swedish corporate history, and the most high-profile since Saab's bankruptcy more than a decade ago.According to interface news, as Europe's ‘battery brother’, was founded in 2016, Northvolt had high hopes, its investors including BlackRock, Goldman Sachs, Volkswagen Group and other well-known institutions and automakers, the cumulative amount of financing more than ten billion U.S. dollars. Among them, in 2019 and 2021, Volkswagen Group invested about 1.4 billion euros in Northvolt.Northvolt is not only favoured by capital, but also once held huge orders from many multinational automakers. northvolt had revealed that the company needed to expand its production scale in order to deliver a total of $55 billion in orders from major customers such as BMW, Volvo, and Volkswagen Group.However, BMW cancelled a $2 billion (Rs 14.1 billion) contract with Northvolt to purchase battery cells because the products could not be delivered on time, and instead gave the order to South Korean battery maker Samsung SDI.Since then Northvolt's business situation began to take a sharp turn for the worse, and the company plans to take measures such as laying off employees, suspending and selling part of its business, and delaying the construction of production capacity to cope with the challenge.On 23 September last year, Northvolt officially announced large-scale layoffs, planning to lay off 1,600 employees at its Swedish base, accounting for about one-fifth of the company's global workforce.On 21 November, Northvolt filed for Chapter 11 bankruptcy protection in the US and will seek reorganisation under Chapter 11 of the bankruptcy code. The company said in its filing that it has about $30 million in available cash and carries $5.84 billion in debt.Northvolt said it only has enough cash on hand to maintain operations for about a week and said that $100 million in new financing will be available from existing customers to support the company's business operations during the bankruptcy. During the bankruptcy, Northvolt would still deliver products to customers and make payments to key suppliers.Immediately following the next day, Northvolt co-founder and CEO Peter Carlsson resigned, saying the company would need to raise $1 billion to $1.2 billion to resume operations.Source: Caixin News Agency, Interface NewsCopyright © 2011 by the original author.

On the morning of 8 March, the 14th National People's Congress three sessions of the second ‘representative channel’ focused on interviews held. National People's Congress, Chairman of Huagong science and technology Ma Xinqiang about how to crack the ‘neck’ technology in the field of laser equipment.‘20 years ago, China's high-end laser processing equipment is basically dependent on foreign imports, and even the screws used for laser reinforcement, have to spend $ 3 a to buy from abroad.’ Ma Xinqiang recalled, ‘It was this screw that warned me that I must take the road of self-improvement and struggle.’ Over the years, Huagong science and technology in the field of high-end laser equipment to catch up, successfully developed a car body-in-white laser welding equipment, a breakthrough of nearly 40 years of foreign technology monopoly, prompting the price of similar foreign products fell by more than 40%.‘Now we only use 43 seconds, can complete a new energy car body laser welding, which is the fastest speed in the industry.’ Ma Xinqiang proudly said, at present Huagong science and technology of automobile body-in-white laser welding equipment in the domestic market share of more than 90%, the cumulative service more than 45 million vehicles off the line, and for the new energy automobile industry has developed hundreds of other sets of laser equipment, able to produce thousands of auto parts, and strongly promote China's new energy vehicles to the world.Ma Xinqiang introduced, behind these achievements, is that Huagong Science and Technology has always insisted on the lifeblood of science and technology innovation firmly in their own hands, and actively introduce global talent, and joint upstream and downstream enterprises initiated the establishment of the industry's first industrial technology innovation strategy alliance. Even in the most difficult period of operation, the company still increased its investment in innovation, with a cumulative investment of more than 10 billion yuan.‘Today we can confidently say that China's laser industry has stepped into the global first camp.’ Ma Xinqiang concluded.Source: China Automotive News

On 28th February 2025, BYD and its partner Astana Motors held a product launch event in Almaty and Astana, Kazakhstan, to officially enter the Kazakhstan market. The first models to be launched in the market include the flagship pure electric sedan Han EV and Song PLUS EV & DM-i. Many media representatives and car enthusiasts participated in witnessing this event.Outside view of BYD Al-Farabi shopThe launching ceremony was held at BYD Al-Farabi shop in Almaty as the main venue, linking up with BYD Turan Astana, BYD MyCar Kuldzhinka Almaty and BYD MyCar Astana shops. All models are locally tuned for Kazakhstan's climate and road conditions to ensure performance and driving comfort.Launch siteThe released Han EV is equipped with BYD's self-developed blade battery and CTB body integration technology, with a maximum power of 380kW, zero hundred acceleration of only 3.9 seconds, and a WLTP working condition range of 565km, supporting 120kW fast charging, which can be charged from 30% to 80% in 30 minutes; the released Song PLUS EV is positioned as a purely electric SUV, with a selectable pure electric range of 505/602km, equipped with an intelligent driver assistance system and a spacious cabin. Equipped with intelligent driver assistance system and spacious cabin, it can take into account both urban commuting and long-distance travel; the Song PLUS DM-i released this time adopts plug-in hybrid technology, with a pure electric range of 150km under NEDC conditions, and a combined range of up to 1,200km, with excellent fuel consumption performance, to meet diversified travel scenarios.Ribbon-cutting to launch BYD KazakhstanKazakhstan is located in Central Asia and is a key transport hub on the Silk Road. The launch marks BYD's further ploughing into the Central Asian market and promoting the green transformation of the local automotive industry. Up to now, BYD has entered three countries in Central Asia, bringing local consumers new choices of avant-garde technology and environmentally friendly mobility, accelerating the transformation of electrification in Central Asia, and building a green future together.Declaration: This article comes from the IN-EN.com.If copyright issues are involved, please contact us to delete.

According to the first financial reporter learned from the authoritative sources, local time on the 24th, the WTO (WTO) dispute settlement body agreed to China's request for the establishment of a dispute panel to review Turkey to take relevant restrictive measures against imports of electric vehicles from China, the bill number ‘DS629’.It is learnt that this time China submitted the second request for the establishment of a dispute panel to rule on the measures taken by Turkey on electric cars and certain other types of vehicles originating in China.On 17 January, the spokesperson of the Ministry of Commerce of China said that since 2023, Turkey has repeatedly imposed tariffs, set import licences and other restrictive measures on electric cars and other vehicles imported from China, which is in violation of WTO rules and undermines the economic and trade relations between China and Turkey.Turkey has repeatedly imposed tariffs, set import licences and other restrictive measures on electric cars and other vehicles imported from China, undermining Sino-Turkish economic and trade relations (Source: Xinhua file photo)The principle of non-discrimination is a cornerstone of the WTOOn this occasion, China said at the meeting that it had taken note of the issues raised by Turkey on anti-competitive practices and subsidies, but that challenges faced by a member's industry need to be addressed in a way that is consistent with its WTO obligations, and should not be used as an excuse to abandon the core principle of non-discrimination, which is the cornerstone of the WTO and the rules-based international trading system.Turkey stated that it was deeply concerned that China had made such a request before all possible bilateral consultations had been concluded.Turkey explained that the Turkish industry involved in the case had been facing serious challenges for many years arising from issues of competitiveness, subsidies, and so on.Eventually, the WTO Dispute Settlement Body agreed to establish a panel of experts.For now, what can be seen in relation to the DS629 case is that China has requested consultations with Turkey on the following measures relating to electric vehicles (EVs) and certain other types of vehicles originating in China: that Turkey impose additional tariffs on imports of EVs from China; that Turkey require that imports of EVs and certain other types of vehicles from China be accompanied by import licensing certificates; and that Turkey impose additional tariffs on imports from China of other types of vehicles and exempts imports that have received investment incentive certificates under Turkey's investment incentive programme from these tariffs (investment certificate exemption).China states that the challenged measures are inconsistent with the relevant provisions of the GATT 1994. Normally, after the establishment of a panel of experts in the WTO, the time between the establishment of the panel and the submission of the panel's report shall not exceed six months, or nine months after an extension in exceptional circumstances. It is understood that this time, the European Union, Japan, South Korea, Brazil, Canada, Australia, the United Kingdom, the United States, Switzerland, Norway, Singapore, Russia, Thailand and India reserve the right to participate in the expert group process of the third party.China defends domestic industry interestsThe case has been brewing for some time. Previously, the Turkish side imposed an additional tariff of 40 per cent on imports of electric cars and other vehicles from China and set import licensing restrictions.On 8 October 2024, China started a consultation request to the Turkish side at the WTO regarding Turkey's additional tariffs and import licensing measures on electric cars and other vehicles.On the same day, a spokesperson for the Ministry of Commerce said that the discriminatory measure violates WTO rules and is a typical protectionist practice, ‘We urge the Turkish side to abide by its relevant commitments in the WTO and immediately rectify its wrong practices.’A spokesman for the Ministry of Commerce also said that China would take all available means to safeguard the legitimate rights and interests of domestic industries.Subsequently, on 16 January 2025, China submitted a request to the WTO for the establishment of a panel of experts, after consultations with the Turkish side were unsuccessful.China stated in the relevant subsequent meeting that Turkey's measures were protectionist and discriminatory, and clearly violated Turkey's core obligations under the WTO Agreement, including most-favoured-nation (MFN) treatment, tariff bindings, and the general elimination of quantitative restrictions.China expressed serious concern over the restrictive measures taken by some members, including Turkey, against Chinese new energy products, including electric vehicles, which are not in line with WTO rules. China said that strengthening technological protectionism is not a solution and that China will resolutely defend its interests.In response, a spokesman for the Ministry of Commerce said that China will push forward the proceedings in accordance with WTO rules to safeguard the legitimate rights and interests of domestic industries.Declaration: This article comes from the Shanghai Observer.If copyright issues are involved, please contact us to delete.

Suddenly like a spring breeze, the big model ‘light of domestic production’ DeepSeek ‘all the way to flowers’, all walks of life have announced access to DeepSeek. in the automotive industry, according to incomplete statistics, more than a dozen car companies announced that DeepSeek ‘on board’, including Geely, Lantu, Zhiji, Great Wall, Guangzhou Automobile, Chery and so on. ‘In the automotive industry, according to complete statistics, more than a dozen car companies have announced DeepSeek, including Geely, Lantu, ZhiGi, Great Wall, Guangzhou Automobile, Chery and so on. What's more, with the AI boom set off by DeepSeek, the automotive intelligence ‘progress bar’ was steeply opened to multiply the speed, once only high-end models equipped with high-level intelligent driving functions to accelerate the penetration of low-end models. This time, BYD is the one who ‘set the table’ again. 10 February, BYD announced that all models will be equipped with high-level ‘God's Eye’ intelligent driving system, the first batch of 21 models has entered the market preparation period, of which 100,000 to 200,000 yuan models will be equipped with all standard! The first 21 models have entered the pre-launch stage, of which all models in the 100,000-200,000 RMB class will be equipped with the ‘God's Eye’ intelligent driving system as standard, and most of the models below 100,000 RMB will also be equipped with the intelligent driving system, including a model priced at 69,800 RMB. In the words of BYD Chairman and President Wang Chuanfu, BYD will open the ‘era of intelligent driving for all’. The year 2024 has just been called the ‘Year of Automotive Intelligence’ by the industry, and many consumers are still surprised by the sinking of such elementary intelligent functions as ‘mobile phone car key’ and ‘remote control of car air-conditioning’ into 100,000 yuan models. To the 100,000 yuan class models to surprise, and the snake year a year, high-level intelligent driving ‘on the car’ 70,000 yuan class models is unexpected. Previously, equipped with high-level intelligent driving models concentrated in the price range of more than 200,000 yuan, the industry has the view that the important reason for the low penetration of high-level intelligent driving is the high cost, not only the high cost of system components, and due to the lack of scale effect, it is difficult to dilute the cost of the short term. From this point of view, BYD ‘lifted the table’ both unexpected and reasonable. As 2024 China's auto market sales champion, China's market sales champion of a single brand, the global new energy vehicle market sales champion of the ‘triple crown’, BYD's advantage is precisely its huge scale. In Wang Chuanfu's view, in the next 2 to 3 years, high-level intelligent driving will become as essential as seat belts, airbags, configuration, by that time, no high-level intelligent driving car will be unthinkable. What is said is not false. In the field of automotive intelligence, AI technology brings disruptive changes. Industry experts believe that AI will not only bring the user experience ‘upgrading revolution’, bring the depth of personalised service penetration, but also in the automatic driving technology, through access to AI can achieve ‘efficiency leap’, accelerate the training of automatic driving algorithms, shorten the automatic driving development cycle. The development cycle of automatic driving can be shortened. Especially when DeepSeek is launched, its low-cost large model training strategy is expected to reduce the arithmetic demand for training and vehicle end, accelerating the landing of high-level intelligent driving. This will also bring changes in the market competition situation, in the ‘second half’ of the automotive industry change - intelligent competition, traditional car companies are expected to quickly make up for the short board of intelligence, narrowing the gap of intelligence with the new forces of car companies, so that the ‘late starter, first mover’. The ‘late to arrive first’ has become possible. As Zhang Yongwei, vice president and secretary-general of China Electric Vehicle Association, said, automotive intelligence is entering a comprehensive accelerated popularity stage. Whether it is the changes in the industry, the changes in the enterprise's own competition and development mode, or the market side of the consumer's decision to buy a car, as well as the changes in the attitude towards AI technology, it has been fully illustrated that the AI-led intelligent competitiveness has become the new development of the automotive industry and the enterprise's new development heights and strategic pivot. From a global perspective, another ‘lead’ in the automotive intelligence track is by no means the work of China's automotive industry, but based on the huge advantages of China's industrial chain supply chain, based on China's construction of the world's most complete industrial categories on top of the scientific and technological innovation system. It is no exaggeration to say that, in the process of the global auto industry's mega-transformation, China's auto industry has seized the opportunity of transformation, and has also given birth to a strong competitiveness of the auto industry.Source: Economic Daily News

In the past CCTV Lantern Festival Gala, Sabin put on a flower waistcoat, walking mechanical department, and even imitated the robot voice to send blessings ‘wish everyone a happy Lantern Festival’, instantly fire all over the network. From the Spring Festival Gala onwards, the robot has been constantly hot, and once again triggered heated discussions.In recent years, the rapid development of humanoid robots has become a new high ground for scientific and technological competition and a new engine for economic development. Automotive companies have set their sights on the field of ‘humanoid robots’, competing for the layout of the robot track - Xiaopeng Automobile released the self-developed AI humanoid robot Iron, GAC Group released the third generation of intelligent humanoid robot GoMate, Xiaomi CyberOne humanoid robot has entered a phased landing stage in the manufacturing line, Tesla's Optimus humanoid robot is scheduled for small-scale production in 2025.Car companies cross-border layout of humanoid robots, not a whim, but has a deep technical and industrial roots. Automotive manufacturing integration of mechanical engineering, electronic control, power systems and artificial intelligence and other diversified technologies, and these technologies and humanoid robotics R & D there are many common points, such as automotive companies in the field of automated driving algorithmic capabilities accumulated can be well migrated to the humanoid robot development. The technology accumulation and R&D team of automobile enterprises can effectively reduce the technical threshold and R&D cost when they are involved in the field of humanoid robots.Car enterprises accelerate into the robot track, auto parts enterprises also follow the pace.At the beginning of the Year of the Snake, Ningbo auto parts giant - Junsheng Electronics, focusing on the deployment of the work mentioned with the body of the intelligent robotics industry related forward-looking technology and market strategy layout, clear the enterprise ‘automotive + robotics Tier1’ new positioning.On 11th February, auto parts listed company - Zhongding shares released an announcement, and robotics leading stock Wuzhou Xinchun reached a strategic cooperation agreement, the two sides will be around the humanoid robot parts assembly product field to start cooperation.On 12 February, Fulin Precision, a leading enterprise in the field of domestic automotive precision parts and components, announced that it would invest 110 million yuan in the construction of robot intelligent electric joint module R&D and production base project in Fucheng District, Mianyang City.China's auto parts industry chain is huge and perfect, covering all aspects from raw material procurement to parts production and then to vehicle assembly. And this supply chain network, there are many parts suppliers and humanoid robot manufacturing suppliers required for a high degree of overlap, such as sensors, motors, control systems and other key components, both for automotive manufacturing, but also an indispensable part of the humanoid robot. This makes auto parts companies in the cross-border humanoid robot, you can directly use the existing hardware and software resources and technology, greatly shortening the R & D cycle and production cycle, reducing procurement costs and supply chain risks.Some institutions predict that in 2026 China's ‘humanoid robot’ industry scale is expected to exceed 20 billion yuan. By 2035, this figure may grow to 300 billion yuan, such a huge market size, will undoubtedly bring huge demand for auto parts industry pull.In the development of the humanoid robot industry, the model of fighting alone has been difficult to adapt to the complex and changing market environment, car companies, parts suppliers and robotics research and development enterprises will be closer cooperation. In the traditional automotive industry, car companies and parts suppliers have formed a stable partnership. When car companies layout humanoid robots, this partnership will be extended to the field of robotics. Parts suppliers can provide customised parts solutions for robotics research and development by virtue of their understanding of the needs of car companies and quick response. At the same time, the cooperation between car companies and robotics research and development enterprises will also promote the exchange and integration of technology between the two sides, and jointly promote the development of humanoid robots and auto parts industry.In 2024, Huada Technology, a well-known listed company in auto parts, and EFT reached a strategic partnership on further promoting the scale application of industrial/humanoid robots in the auto parts industry. By Huada Technology to provide auto parts industry application scenarios and industrial, humanoid robot components R & D and production, lightweight material product development, EFT to provide robotics products and technical support, the two sides work together to build the automotive industry's industrial, humanoid robot demonstration cases.As an international exhibition brand of auto parts and aftermarket, CAPAFAIR is committed to building a professional trade and communication platform for global auto parts manufacturers and buyers.At CAPAFAIR 2025, which will be held on 21-23 April 2025 at Hangzhou Convention and Exhibition Centre, automotive enterprises, parts suppliers and research institutions from all over the world will gather together to display cutting-edge technologies and innovative achievements, carry out in-depth exchanges and cooperation, promote industrial upgrading and innovative development, and jointly explore the unlimited possibilities of industry development.

Recently, U.S. President Donald Trump signed an executive order announcing a 10% tariff increase on all Chinese goods exported to the U.S. and a 25% tariff increase on goods imported from Mexico and Canada, with a 10% tax increase on Canadian energy products. This trade protectionist measure has sparked widespread controversy in the international community and within the United States, and has had a far-reaching impact on the global automotive industry.China responded swiftly by announcing that from 10 February 2025, it would impose tariffs on certain imports originating in the United States, including a 10 per cent tariff on large-displacement cars and pickup trucks. The move shows China's determination to firmly defend its legitimate rights and interests and take the US tariff measures to the dispute settlement mechanism of the World Trade Organisation (WTO).Trump's tariff policy has dealt a serious blow to the North American auto industry chain. The North American automotive industry is highly integrated, and after the North American Free Trade Agreement and the U.S.-Mexico-Canada Agreement, the automotive industry chain of the United States, Canada and Mexico has formed a close interdependence over the past decades. Mexico, as an important export base for major automakers for the U.S. market, produces about 90 per cent of its cars for export, of which nearly 80 per cent are exported to the United States. Trump's tariff policy will undoubtedly pose an existential threat to Mexico's auto industry, and will also lead to a rise in the cost of car purchases for U.S. consumers.A number of multinational car companies have expressed their concerns about the tariff policy. Ford CEO Jim Farley said that if the tariffs continue, they will have a huge impact on the industry and adversely affect U.S. jobs. General Motors has also said that the company may move some of its pickup truck production out of Mexico and Canada if tariffs are imposed. Volvo Cars, on the other hand, plans to make full use of its plant in South Carolina in the US to meet the tariff challenge.In addition, Trump's tariff baton is aimed at the European Union. The news that he plans to soon impose tariffs on EU products immediately triggered stock market tremors, with shares of several European vehicle and parts makers quickly moving lower. The European Commission and a number of leaders claimed that if the United States imposes tariffs, the EU will respond firmly.Trump's tariff policy not only exacerbated the risk of trade conflict, but also caused a serious impact on the global automotive industry chain. A number of car companies are facing production adjustments and cost pressures, while consumers are facing the challenge of higher car purchase costs. The international community generally opposes Trump's tariff policy and has taken countermeasures to safeguard its rights and interests.Against this background, the global auto industry needs to find ways to mitigate the negative impact of the tariff policy. On the one hand, car companies need to strengthen international cooperation to jointly address the challenges of trade protectionism; on the other hand, governments also need to strengthen communication and consultation to find effective ways to resolve trade disputes. Only through international cooperation and joint efforts can we maintain the stability and prosperity of the global auto industry.Comprehensively collated from China Automotive News

In the rapid development of science and technology, AI models have become the focus of attention in various industries, and the automotive field is no exception. Recently, the explosion of DeepSeek has pushed this craze to a new height, and its influence has rapidly spread to the car circle.On 7th February, Geely announced that its self-developed StarElite model and DeepSeek-R1 have completed in-depth integration. It is reported that the fusion of DeepSeek-R1 model, Geely will distill the StarElite Vehicle Control FunctionCall big model, car active interaction end-side big model and other training.By then, Geely intelligent car AI will not only be able to achieve a precise understanding of the user's fuzzy intentions, and then accurately call about 2,000 in-vehicle interfaces, but also be able to proactively analyze the user's potential needs based on the internal and external scenes of the car and actively provide the user with vehicle control, active dialogue, after-sales and other services, significantly improving the intelligent interaction experience.In addition to Geely, a few days ago, He Xiaopeng, CEO of Xiaopeng Automobile, also mentioned DeepSeek in the opening letter of ‘Walking steadily to the future, 2025 to the blue sea’, and he said that the DS (DeepSeek) big model has brought shock to the global science and technology circle - it not only achieves an experience comparable to OpenAI, but also compresses the cost to a very low level. costs down to a fraction of the cost. Over the next decade, AI will drive a transformation of the automobile that goes far beyond electrification.Since Open AI's launch of Chat GPT in 2022, which exploded around the world overnight, AI big model on board has also become a popular concept. It is widely believed in the industry that AI big models can play a crucial role in automotive smart cockpits, autonomous driving, and other fields.Since then, car companies have been promoting AI on board, Baidu's Wenxin Yiyin currently has Dongfeng Nissan, Red Flag, Great Wall, Geely and other nearly 10 car companies to join; Geely, ZhiJi and other car companies, have also been with Alibaba in the Tongyi Qianqi big model access to start cooperation.Even overseas multinational car companies that are one step slower in intelligence are also promoting AI big model on board. Volkswagen will integrate OpenAI's ChatGPT AI chatbot service for a number of its cars from 6 September 2024, becoming the industry's first mass-produced car brand with ChatGPT functionality as standard. BMW Group, on the other hand, has opted to build a new generation of BMW intelligent personal assistants based on Amazon Alexa's Large Language Model (LLM, Large Language Model), which offers generative AI technology.The explosion of DeepSeek will undoubtedly accelerate the process of AI large model on board.Open Source Securities pointed out in a research report on February 5, DeepSeek through the optimisation of algorithms, with limited computing power to develop a strong performance model, indicating that relying on algorithm optimisation small computing power also has the hope of achieving a level of performance comparable to that of the world's first-class models.DeepSeek-R1 is expected to bring catalysts for the intelligent cockpit. The cockpit is the carrier of AI Agent, and car companies have been exploring the application of it. R1 model is expected to bring better cockpit interaction experience, and the cockpit Agent will achieve unprecedented functionality enhancement, which is expected to breed new application scenarios. At the same time, the model of the computing power savings also makes it easier to deploy the model in the cockpit end of the localisation, to achieve a better experience.In addition, Open Source Securities also mentioned that many optimisation methods of DeepSeek-R1 model are also expected to be learned by the smart driving industry. Currently, autonomous driving players are pushing big language models and even visual language action models (VLAs) on board to enhance the cognitive capabilities of smart driving algorithms, and DeepSeek-R1 is expected to serve as an excellent teacher model to distil its performance to the vehicle-side model, further enhancing the capabilities of the vehicle-side model.Sourced from First Finance

Without any official preview, Tesla's new Model Y suddenly went live.On 10th January, the refreshed Model Y officially landed on Tesla China's official website, and at the same time went on line with the premiere version of the model, with a pre-sale price starting from 263,500 RMB, and the new car ushered in different degrees of upgrades in terms of appearance, cockpit, range, and so on.Lei Jun microblogging postOn the morning of the 10th, Tesla's official public number publicity slogan shows ‘new Model Y, despite the comparison’. In response, millet founder, chairman and CEO Lei Jun will Tesla public number within the text screenshot, and issued a microblogging said ‘good’, and with ‘millet YU7’ label.Last month, Xiaomi Auto officially announced that Xiaomi's new SUV, code-named YU7, may be the benchmark for the Tesla Model Y, and will be launched this year. As of press time, Xiaomi YU7 is in the first place of microblogging hot search, while Model Y is in the ninth place of hot search.The information shows that Xiaomi's second model and first SUV model -- YU7, is located in the middle and large SUV. 2024 December 9, Xiaomi YU7 through the Ministry of Industry and Information Technology certification.Source: excerpt from Securities Times

The Norwegian new car sales market in 2024 once again witnessed strong growth in electric vehicles, according to data recently released by the Norwegian Road Federation (OFV). Of the 128,000 new cars sold in the year, more than 114,000 were electric cars, accounting for 88.9%, just one step away from realizing Norway's 2025 goal of selling only electric cars.As early as 2016, Norway's four main political parties reached a consensus on a plan to ban the sale of fuel vehicles from 2025. The decision was met with skepticism due to its status as an oil and gas exporter, and the goal was considered too aggressive. However, now that Norway has become the country with the highest EV penetration rate in the world, the shift has been remarkable.In terms of EV brands, Tesla, Volkswagen and Toyota are the most popular in the Norwegian market. Notably, Chinese brands of EVs have reached 8.8% of new car sales in Norway, an increase of 4.7 percentage points from 2021. Chinese automakers such as BYD, Xiaopeng and MG have performed well in the Norwegian market, all ranking in the top 15 of the sales chart. Among them, BYD and Xiaopeng both doubled their sales in 2024, reaching 2,669 and 1,962 units respectively.The success of Chinese EVs in the Norwegian market is due to their advanced intelligent technology and price advantage. In addition, Norway has not joined the European Union, and the political environment is more friendly to Chinese car companies, which also provides favorable conditions for the development of Chinese brands in the region. In a recent competition organized by authoritative Norwegian media, Xiaopeng G9 won the first place in the “Norwegian People's Favorite Car of 2024”, and Azera EL6 also ranked fifth, which further proves the popularity of Chinese electric cars in the Norwegian market.The popularity of electric cars in Norway is closely linked to the government's policy. Norway levies high taxes on gasoline and diesel vehicles, including CO2 tax and road use tax, which significantly increases the cost of using fuel vehicles. At the same time, Norway's exemption from import taxes and value-added tax on electric vehicles has a history of more than 20 years, car owners can also enjoy free parking, road toll concessions and other rights and interests. These policies have created favorable conditions for the popularity of electric vehicles in Norway.Although one-third of Norway's territory is located in the Arctic Circle, cold weather will pose a challenge to the popularization of electric vehicles, but the major car companies see Norway as a new model and new technology “test bed”. If electric cars work well in a place as cold as Norway, they will work even better in other places with better weather conditions. Therefore, Norway's cold weather has not become an obstacle to the popularization of electric vehicles, but rather promote the continuous progress of electric vehicle technology.In addition, the Norwegian government has put a lot of effort into improving domestic EV charging facilities. As of July 2024, Norway has about 3,500 charging stations and more than 25,000 charging piles. In Norway, the main road every 50 kilometers with a fast charging station, fast charging pile ownership in the world's leading level. This provides a strong guarantee for the popularization of electric vehicles in Norway.With the rapid development of the Norwegian electric car market, Norway is likely to be 10 years ahead of the European Union to complete the plan to stop selling CO2 emitting cars by 2035. This achievement not only demonstrates Norway's determination and action in energy transition, but also provides useful reference and inspiration for other countries around the world.In addition, China has introduced a unilateral visa-free policy for Norway on a trial basis. This policy will greatly facilitate Norwegian sightseeing and business trips to China, and promote economic and trade cooperation between the two countries. With the continuous development of Sino-Norwegian relations, more opportunities and possibilities for cooperation in areas such as electric vehicles will also come.Synthesized from Beijing Daily Client