On July 14th, BYD released its performance forecast for the first half of 2023 (the reporting period), expecting a net profit attributable to shareholders of the listed company to range from 10.5 billion yuan to 11.7 billion yuan, a year-on-year surge of 192.05% to 225.43%.

On July 15th, HiPhi, the Chinese luxury electric vehicle brand owned by Human Horizons, officially put its third model, the HiPhi Y SUV, onto the market. The new car offers four trim levels with a price range of 339,000 yuan to 449,000 yuan.

China's FAW Group, Volkswagen Group, and Audi AG cemented their strategic cooperation by signing a memorandum of understanding.

Chinese legacy automaker FAW Group (FAW) celebrated its 70th anniversary with on July 15, 2023.

AVATR, the premium new energy vehicle brand jointly developed by Changan Automobile, Huawei, and CATL, recently saw its AVATR 12 model (internal code named E12) disclosed by a catalogue of China’s Ministry of Industry and Information Technology (MIIT).

GAC Toyota, the joint venture of GAC Group and Toyota Motor, inked a strategic cooperation framework agreement with Chinese Internet giant Tencent for digital ecosystem collaboration in Shenzhen on July 14.

In May 2023, the three Japanese automakers, namely Toyota Motor, Nissan Motor, and Honda Motor all scored positive year-on-year growth in their monthly sales in the world’s largest auto market, China.

Chinese ICT giant Huawei has recenlty acquired a total of 21 "Wenjie"-related trademarks, which is the Chinese name of Huawei and SERES Group’s premium new energy vehicle brand AITO, according to the information from the China National Intellectual Property Administration.

SAIC-General Motors' Buick brand announced on Monday the unveiling of the Buick ELECTRA E4, its second all-electric vehicle built on the Ultium platform. This mid-to-large size sports sedan SUV is set to officially hit the market in June.

On July 14th, Great Wall Motor Company Limited (“GWM”) released its performance forecast for the first half of 2023 (“the reporting period”).

On 16 June 2023, Hyper officially announced the "same day delivery" of super charging stations at the Guangdong-Hong Kong-Macao Greater Bay Area Auto Show - super charging stations will be formed on the same day, surveyed on the same day, and started construction in the same month at the earliest.

In the first half of 2023, China's car market can be described as treacherous. The "price war" is raging, and the whole market is also showing a roll-up. But the Kryptonite brand, born two years ago, seems to be full of vigour, making steady progress in the luxury pure electric market.

"It's better to export than to implode" is a very popular phrase this year.

BYD recently announced the first B+ segment sedan model of its Ocean network has been officially named the Seal DM-i, which made its debut at the Auto Shanghai 2023 under the name “Destroyer 07”.

Chery's mass-produced version of the eQ7, a midsize pure electric SUV, officially rolled off the assembly line on July 12. The vehicle is built on Chery's aluminum-based lightweight electric platform.

On July 8, BYD, in collaboration with local partner Maju Motors, successfully held the BYD Brunei Brand Launch and the unveiling ceremony of the BYD ATTO 3 in the capital city of Bandar Seri Begawan, Brunei. This marks BYD's entry into the Brunei market with its passenger vehicles and the official launch of the highly anticipated global model, the BYD ATTO 3, in the local market.

Singapore customer visit

Recently, Geely Auto officially released the interior image of its compact sedan, the Geely Galaxy L6, which is expected to target the 150,000-200,000 yuan price range and is scheduled for launch in the third quarter.

In a strategic move to foster international business relations, TopEV, a leading electric vehicle manufacturer, sent its top-level manager to Russia for a crucial client visit. This visit aimed to strengthen existing partnerships, explore new opportunities, and reinforce TopEV's commitment to the Russian market.

In a strategic move to foster international business relations, TopEV, a leading electric vehicle manufacturer, sent its top-level manager to Russia for a crucial client visit. This visit aimed to strengthen existing partnerships, explore new opportunities, and reinforce TopEV's commitment to the Russian market.

NIO Inc., a Chinese pioneer player in the premium smart electric vehicle market, announced today that it has reached a share subscription agreement with CYVN Holdings L.L.C. (referred to as the "Investor" or "CYVN Holdings"), an investment entity primarily owned by the Abu Dhabi Government focused on advanced and smart mobility.

The patent images of the Geely Galaxy L6 model appeared in the latest declaration catalogue from China’s Ministry of Industry and Information Technology ("MIIT").

On June 21, BYD, the world's leading manufacturer of new energy vehicles and power batteries, announced a highly anticipated launch of its electric vehicle, the BYD ATTO 3, in the UAE (United Arab Emirates) market, in partnership with Al-Futtaim Electric Mobility Company.

Changan Qiyuan (translated in Chinese pinyin), the fresh new energy vehicle product sequence under Changan Automobile, released the official images of its first model, the A07, on June 27.

Chery Auto, one of China's major automakers, officially put the Arrizo 8 High-Performance Edition onto the market on July 12.
ositioned as a "high-performance quality sedan," the Arrizo 8 High-Performance Edition offers three variants, with prices ranging from 129,900 yuan to 146,900 yuan.

Geely officially put the Emgrand L HiP Champion Edition onto the market on July 13, offering two variants priced at 109,800 yuan and 122,800 yuan, respectively.

Recently, Great Wall Motor ("GWM") and ADM Jizzakh officially signed a strategic cooperation agreement for market development in Uzbekistan, according to a post on GWM's WeChat account.