① Two departments: Strengthen the management of access, recall and online software upgrade of intelligent networked automobile products; ② Chery Automobile submitted a petition to the Hong Kong Stock Exchange; ③ Changan and Celis have completed paying the second transfer price to Huawei;
Two departments: Strengthen the management of intelligent networked automobile product access, recall and online software upgrade
On February 28, the Ministry of Industry and Information Technology and the State Administration for Market Regulation jointly issued the “Notice on Further Strengthening the Management of Access, Recall and Online Software Upgrade of Intelligent Internet-connected Automobile Products.” The “Notice” emphasizes coordinating development and safety, clarifies that automobile manufacturers need to implement the main responsibilities of production consistency and quality safety, strengthens access and recall management of intelligent networked automobile products, further standardizes OTA upgrade activities of automobile manufacturers, and improves intelligent networked automobile product safety level. The “Notice” pointed out that we should strengthen the access and recall management of intelligent networked automobile products, and strengthen the collaborative management and safeguard measures for online automobile software upgrade activities.
Cailian Automobile: Further improvement of policies will help promote the high-quality development of the intelligent connected new energy vehicle industry.
Chery Automobile submits its statement to the Hong Kong Stock Exchange
On February 28, Chery Automobile officially submitted its IPO application to the Hong Kong Stock Exchange, with CICC, Huatai and Guangfa as joint sponsors. The prospectus shows that from January to September 2022, 2023 and 2024, the company’s revenue was RMB 92.618 billion, RMB 163.205 billion, and RMB 182.154 billion respectively; net profit was RMB 5.806 billion, RMB 10.444 billion, and RMB 11.312 billion respectively; and cash equivalents were RMB 12.686 billion, RMB 35.048 billion, and RMB 41.938 billion respectively. With the launch of the Hong Kong stock IPO, Chery Automobile plans to raise funds to develop different models and versions of passenger cars to further expand its product portfolio, develop next-generation vehicles and advanced technologies to enhance core technical capabilities, expand overseas markets and implement globalization strategies, upgrade production facilities and supplement working capital.
Cailian Automobile: An IPO that is “20 years late”.
Chang ‘an and Celis have completed paying Huawei the second transfer price
On February 28, Changan Automobile announced that the company’s joint venture Avita Technology had paid Huawei the second transfer price of 5.75 billion yuan. On the same day, Celis announced that it had paid Huawei the second transfer price of RMB 5.75 billion as agreed in the Equity Transfer Agreement.
Cailian Automobile: This delivery is an important milestone in the long-term strategic cooperation between the two companies and Yinwang.
Jixing Technology: The company’s organizational structure has been adjusted and is currently operating normally
On February 28, as a joint venture between Jixing Automobile and Xingji Meizu, Jixing Technology stated that it is currently operating normally and that the company has adjusted its organizational structure in order to better adapt to market changes and improve operational efficiency. During this period, the relevant rights and interests of car owners will not be affected, and vehicle-related services will be normal. Today, media reported that after the Spring Festival, Jixing Technology began to lay off employees one after another, with a total of about 50 people, including sales, operations and other personnel. The laid off employees can receive N+1 compensation.
Cailian Motors: The frequent exposure of layoffs by Jixing Motors is closely related to the poor sales of Jixing Motors in recent years.
The 2025 Xiaopeng G6 completes its debut
On February 28, the 2025 Xiaopeng G6 completed its debut, with 81 experience updates and upgrades, and up to 34% of the first-level assembly parts renewed. The 2025 Xiaopeng G6 will come standard with Turing AI smart driving and 5C supercharged AI batteries in the entire series. It has six characteristics: strong intelligence, long battery life, solid mileage, fast charging, ultra-safe, and large space. The exhibition cars have now entered more than 500 stores in 214 cities across the country and will be launched in early March.
Cailian Automobile: After continuously building popular models such as MONAM03 and P7+, the new Xiaopeng G6 will continue to expand Xiaopeng Automobile’s market share.
Buick Regal announced a “one-stop price” starting from 106,900 yuan
On February 28, SAIC General Motors ‘Buick brand announced that Buick Regal would launch a “buy it out” price. Among them, the Regal 28T exclusive version is 123,900 yuan, and the 25T exclusive version is 106,900 yuan. Buick Regal has two sets of power reserves. The 28T exclusive version is equipped with the eighth-generation Ecotec 2.0T variable-cylinder turbocharged engine and the 9-speed HYDRA-MATIC smart gearbox, which can output a maximum power of 174kW; The 25T exclusive version is equipped with the eighth-generation Ecotec 1.5T four-cylinder direct-injection turbocharged engine and the 9-speed HYDRA-MATIC smart gearbox, which can output a maximum power of 124kW.
Cailian Automobile: This time Buick Regal released a buy-in price, which not only further upgrades the quality of its “driver’s car”, but also highlights the overall advantages of “dimension reduction and strike” with the strength of a B-class car and the price of an A-class car.
Starting from 69,800 yuan, Aian UT “Parrot Dragon” was officially launched
On February 28, GAC Aionut was officially launched, launching five models: 330 Xingyao Edition, 330 Smart Edition, 420 Smart Edition, 420 Smart Edition, and 420 Smart Edition, with a guidance price of 69,800 – 101,800 yuan. As the third global model of GAC Ean, it is officially named “Parrot Dragon” and will be sold in 18 overseas countries and regions this year. In terms of power, the new car is equipped with a drive motor with a maximum power of 100 kilowatts and a maximum speed of 150 kilometers per hour. In terms of battery and battery life, the 330 version is equipped with a 34.868 kilowatt-hour battery pack, and the CLTC pure electric battery life is 330 kilometers; the 420 version is equipped with a 44 kilowatt-hour lithium iron phosphate battery pack (magazine battery), and the CLTC pure electric battery life is 420 kilometers. The fast charge (30% charge to 80% charge) takes 24 minutes.
Cailian Automobile: In the domestic market, the market for pure electric hatchback cars worth about 100,000 yuan is fiercely competitive.
BMW announces that its Munich factory will be fully electrified by 2027
On February 27, local time, BMW Group announced at a press conference at its Munich factory in Germany that the factory will be fully transformed into a pure electric vehicle production base in 2027. It is currently accelerating the production preparation of “new generation” electric vehicles, and plans to be Officially put into production in the summer of 2026.
Cailian Motors: Electric, BMW is serious.
General Motors ‘electric vehicle market share doubles to hit Tesla
On February 28, data showed that GM’s share of the U.S. electric vehicle market in the fourth quarter reached 12%, doubling compared with the same period last year, second only to Tesla’s 44.4%.
Cailian Motors: Analysts believe that GM’s surge in electric vehicle sales is due to the increasing number of competing models, from entry-level to high-end models, providing customers with more options for electric vehicles than competitors.
(Compiled/commented by Cailian reporter Liu Yang)