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BYD announces plan to build new energy vehicle manufacturing plant in Hungary
BYD announces plan to build new energy vehicle manufacturing plant in Hungary

On December 22, 2023, BYD announced its plan to establish a new energy vehicle manufacturing base in Szeged, Hungary. The facility is set to be constructed in several phases, expecting to offer thousands of jobs for the local community.

Dec. 22 , 2023
Tesla acquires land for Megapack factory construction in Shanghai
Tesla acquires land for Megapack factory construction in Shanghai

On December 22, Tesla finalized the land acquisition agreement in Shanghai, officially commencing the Tesla Megapack project in the Chinese megacity.

Dec. 22 , 2023
China’s annual locally-made passenger vehicle retail sales likely to grow 5.2% YoY in 2023: CPCA
China’s annual locally-made passenger vehicle retail sales likely to grow 5.2% YoY in 2023: CPCA

China's domestic passenger vehicle retail sales are anticipated to reach 2.27 million units in December 2023, which should grow 9.3% from the previous month and rose 4.8% from the previous year, according to the CPCA.

Dec. 22 , 2023
ARCFOX granted L3 highway autonomous driving vehicle testing license in Beijing
ARCFOX granted L3 highway autonomous driving vehicle testing license in Beijing

On December 16, BAIC Group’s premium electric vehicle brand ARCFOX became one of the pioneering enterprises granted the L3 highway autonomous driving test license in Beijing.

Dec. 22 , 2023
CATL, SERES Group step up cooperation in super-fast charging tech, battery safety, big data
CATL, SERES Group step up cooperation in super-fast charging tech, battery safety, big data

On December 20, Chinese automaker SERES Group and power battery titan CATL officially sealed an agreement to comprehensively deepen their strategic cooperation, according to a post on SERES Group's WeChat account.

Dec. 21 , 2023
Valeo joins hands with FUCHS to co-develop thermal management solutions
Valeo joins hands with FUCHS to co-develop thermal management solutions

On December 19, French automotive supplier Valeo and FUCHS Lubricants China Ltd. signed a strategic cooperation agreement in Shashi district, Jingzhou city, establishing a long-term and comprehensive strategic partnership.

Dec. 21 , 2023