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Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

In January-February, Chery's NEV sales were 13,293 units, down 57.6 Image credit: Chery New Energy) Chinese auto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so. For Chery, its performance at the beginning of the year was weak.

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China’s Chery to set up shop in Europe

Baua Electric

Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. This would be Chery’s first manufacturing site in Europe. Given the slow uptake of electric vehicles in Spain, Chery says it plans to make combustion engine, hybrid, and electric vehicles there.

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Auto supplier Forvia posts organic sales growth for Q1 on strong N.America – ET Auto

Baua Electric

European automotive supplier Forvia reported higher organic sales for the first-quarter on Thursday driven by strong North America, and said new awards from Chinese carmakers had boosted quarterly orders. The group, born from Faurecia’s takeover of Hella in 2022, reported sales of 6.53 billion euros (USD 6.98 That was down 1.7%

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STMicro sees Q1 sales well below estimates as auto chip demand softens – ET Auto

Baua Electric

We continued to see stable end-demand in Automotive, no significant increase in Personal Electronics, and further deterioration in Industrial,” CEO Jean-Marc Chery said. . “In Q4, our customer order bookings decreased compared to Q3. Orders from the automotive industry have been helping chipmakers offset the impact of U.S.-China

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Huawei says upcoming Luxeed S7 EV is ‘superior to Tesla’s Model S’

Teslarati

Smartphone maker Huawei has partnered with the China-owned Chery Automobile on the electric vehicle (EV) brand Luxeed, set to unveil its first vehicle in the coming months. These features have generally been well-received by Chinese consumers in the middle class, and the Chery-Huawei partnership could be poised for success, some analysts say.

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China's Huawei Establishes ‘Smart Car’ Unit With Changan Auto

The Truth About Cars

According to the South China Morning Post , the new unit is wholly owned by Huawei and will be used to help transfer technology between the phone company and Changan Auto. These brands include Aito with Seres and Luxeed with Chery.

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China Electric Car Sales — 30% Share Of Auto Sales In August!

CleanTechnica EVs

Plugin vehicles continue to be all the rage in the Chinese auto market. Plugins stayed in the fast lane in July, growing 92% year over year (YoY). They scored over 552,000 registrations last month. Plugin hybrids (PHEVs) surged 137% year over year (YoY).

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