GreenergyDaily
Jul. 31, 2024
1. SAIC Volkswagen denied it will raise prices from next month and pull back on promotions after a notice from a distributor claimed yesterday the JV will hike all car prices by between CNY3,000 and CNY10,000 (USD414 and USD1,380) during Aug. 1-11 and another CNY2,000 from Aug. 12, IT Home reported yesterday.
2. Chinese EV maker BYD, is looking to enter the Canadian automotive market, according to a regulatory document filed earlier this month, even as Canadian officials consider imposing tariffs on vehicles imported from China. Canada, following in the footsteps of the U.S. and the EU, said in June it was considering imposing tariffs on Chinese-made electric vehicles as it seeks to align itself with its allies against what the West views as a heavily subsidized Chinese industry.
3. BMW refuted rumors yesterday that it will turn to another battery supplier for the battery used in its modified version of the i3 model, Securities Times reported. The German carmaker will continue to use products from Chinese battery giant CATL, it added.
4. As of the end of June this year, according to the National Energy Administration of China, the total number of charging piles nationwide reached 10.244 million, reflecting a 54% year-on-year increase. Of this total, there were 3.122 million public charging piles and 7.122 million private charging piles.
5. China's comprehensive tariff rate is 7.3%, which is lower than the 9.8% commitment to join the WTO, China's Ministry of Finance stated at a press conference on Tuesday. Currently, China implements a lower provisional import tariff rate for about 1,000 types of goods, and reciprocal preferential tariff rates with 32 countries and regions, sharing the development opportunities of China with the world.
6. China's ruling Communist Party has expelled Wang Yilin, former chairman and party secretary of state-owned China National Petroleum Corp (CNPC), for discipline violations, state media said on Wednesday. According to the report by state-run CCTV, Wang had illegally accepted high-value assets and goods and took advantage of his position to help others seek benefits in project contracting and business operations.
7. Jia Yueting, founder of Faraday Future, said BYD isn't a competitor for the company, as FF's second market is mainly in the US and other countries. FF is more concerned about how it will compete with GM, Ford, BMW, Mercedes-Benz, and Volkswagen in the US, especially with Volkswagen launching a low-end product.
8. Chinese automaker Wuling Motors has secured 2,302 orders at the Indonesia Auto Show, held July 18-28. With over 150 dealerships in Indonesia and growing consumer confidence, Wuling is making waves in Indonesia's automotive market.
9. According to the latest data from the National Energy Administration of China, in the first half of the year, the country's newly installed renewable energy power generation capacity reached 134 million kW, a YoY increase of 24%. The country's renewable energy power generation reached 1.56 trillion kWh, a YoY increase of 22%. Among them, wind power and solar power generation totaled 900.7 billion kWh, accounting for approximately 20% of all power generation, a YoY increase of 23.5%.
10. The Japanese government issued a corrective order to Toyota Motor on Wednesday following newly discovered violations in the company's vehicle certification procedures. The transport ministry said that on-site inspections uncovered widespread, intentional misconduct and irregularities in seven additional models that had not been previously disclosed.
