Tata continues to find partners for Jaguar Land Rover.
Editor’s note: This article is from “Future Car Daily” (WeChat public ID: auto-time), author: Pan Lei.
Organization: Pan Lei
Headline
Xujiayin: Hengchi brand’s first new energy vehicle “Hengchi 1” will be mass-produced in the first half of 2021
On November 12, Xu Jiayin said at the Evergrande New Energy Vehicle Global Strategic Partner Summit that the first new energy vehicle “Hengchi 1” of the Hengchi brand will be mass-produced in the first half of 2021. (Future Auto Daily)
Tata or contact Geely and BMW to find a partner for Jaguar Land Rover
On November 12, foreign media quoted people familiar with the matter as saying that Tata Group has already approached car manufacturers such as Geely Holding and BMW to find a partner for its British car business Jaguar Land Rover. In this regard, Geely said in a statement, “There is no negotiation with Tata or Jaguar Land Rover.” BMW and Tata declined to comment. (Sina Finance)
Features
Hengda Health has increased its capital by $3 billion to NEVS
Recently, Evergrande Health (00708.HK) announced that it has injected a total of US$2.852 billion (approximately HK$22.32 billion) into NEVS through a series of transaction operations such as subscription of new shares, and increased shareholder capital for NEVS. Evergrande Health said in the announcement that the total amount of this capital increase is 3 billion US dollars. (Future Car Daily)
Mercedes-Benz and BMW are now picking up, BBA collectively reducing costs and increasing efficiency
In the third quarter of this year, there was no impact of “special projects” (anti-monopoly fines, etc.), and many financial indicators of Mercedes-Benz and BMW rallied back and forth, achieving positive growth. Among them, BMW surpassed Mercedes-Benz in sales and EBIT. At present, the auto market continues to decline and the industry changes into the deep water area. How to maintain or even increase investment in the future while ensuring income and profits is a challenge for any car company. Based on this, cost reduction and efficiency increase have become the unanimous choice of the BBA. (Economic Daily)
Chery’s capital increase has locked in two “candidates”, who will be released three days later
“More than one, two prospective investors have been collected. The specific delisting information will be announced this Friday (November 15th).” Recently, a Chery Automobile insider said. However, based on the confidentiality requirements, the person did not disclose the specific information of the two prospective investors. “In the final stage, there may be one or two at the end, and there is no final decision.” (Economics Observation Network)
Dongfeng Motor: Completing the New Energy Industry Fund Record
Dongfeng Motor announced on the evening of November 11 that the company had previously disclosed that it plans to jointly invest in the establishment of the Xiangyang Dongfeng Hanjiang New Energy Automobile Industry Fund with Hanjiang Investment Holdings Co., Ltd. and Beijing Ruihe Xinye Investment Co., Ltd. Recently, Xiangyang Dongfeng Hanjiang New Energy Automobile Industry Fund Partnership (Limited Partnership) obtained the “Private Investment Fund Recording Certificate” issued by China Securities Investment Fund Association. (e-company)
Sun Yanzi is asking for new energy vehicles, and many car owners are personally selling them
Singer Stefanie Sun asked through social media how to buy a new energy car, and many car owners always personally sell. Wei Lai Automobile, BYD Zhao Changjiang, Wei Ma Shen Hui, Geely Automobile, Dongfeng Yueda Kia, Dongfeng Nissan, etc. all made self-recommendations under this Weibo. (Economic Observer Network)
Local car companies are in a hurry: New energy vehicles are negative for the first time in the whole year
The decline in production and sales of new energy vehicles in the past four months has significantly exceeded expectations. According to the data of China Automobile Association, in October, the production and sales of new energy vehicles were 95,000 and 75,000 respectively, down 35.4% and 45.6% year-on-year. In the first 10 months, the production and sales of new energy vehicles were 983,000 and 947,000, respectively. It fell back to 11.7% and 10.2%. “According to the current development trend, this year’s new energy vehicle sales may be negative growth.” Chen Shihua, assistant secretary general of the China Automobile Association, said. (21st Century Business Herald)
Six departments interviewed 8 network car platformes
According to the news of the Ministry of Transport on November 11, the Ministry of Transport, the Central Office of the Internet, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Department of Emergency Management, and the General Administration of Market Supervision have jointly interviewed Didi Chuan and Shouqi 8 network vehicles, such as Shenzhou UCAR, Cao Cao, Meituan Travel, Gaode, Yixing Travel, Haha Travel, etc., are required to block security risks and strictly regulate the ride. (Beijing Business Daily)
Ministry of Transportation: National ETC users reached 160 million. 84.01% of the total target is achieved
The Ministry of Transport announced on the 11th that the progress of key work of highway toll stations was cancelled. Last week, the number of newly added ETC users was 3,366,600 (average average of 606,100). As of November 6, the total number of ETC users nationwide reached 160,33,800. , completed 84.01% of the total target. (China Securities Network)
Minsheng Securities: From November to December, passenger cars still have “turning positive” possibilities
Minsheng Securities believes that the automotive industry will slowly recover. With the narrowing of the decline in automobile production and sales in October, the head car enterprises will lead the industry to pick up, optimistic about the future industry concentration continues to increase; the peak season before the Spring Festival, the national five sweeping clearing and low base effect, etc., from November to December Car sales growthThere is still the possibility of “turning positive”; it is expected that the auto industry will achieve growth of around 3% next year, driven by newer demand and higher penetration rate.
New Products
Xiaopeng Automobile released the P7 interior preview map, which will be unveiled at the Guangzhou Auto Show
Recently, Xiaopeng Automobile released the preview of the interior of the first coupe model Xiaopeng P7. The overall style is very simple. The car will be pre-sold at the 2019 Guangzhou Auto Show. (Future Car Daily)
The new generation BMW X6 will be listed at the 2019 Guangzhou Auto Show
The new BMW X6 will be officially launched at the 2019 Guangzhou Auto Show on November 22nd, which was unveiled at the 2019 Frankfurt Motor Show. The new car is based on the BMW CLAR architecture and features a new family face, with improvements in configuration and power. (Car Home)
