Car News at the Beginning of May

China accounted for 59% of the world's new energy vehicles in the first quarter

On May 2, according to the Financial Associated Press, the trend of new energy vehicles in the world will be relatively stable in 2023. From January to March 2023, the sales volume of new energy vehicles will reach 3.7 million units, of which hybrid vehicles will reach 1.09 million units, accounting for 30%. Except ordinary hybrids, the trend of new energy passenger vehicles in the world is still strong. Affected by the subsidy policies in various countries, the trend of new energy passenger vehicles in the world will be strong in 2023. From January to March, new energy passenger vehicles reached 2.55 million units, a year-on-year increase of 26%. Commercial vehicles accounted for only 3% of the world's new energy vehicles, with new energy passenger vehicles as the mainstay. From January to March 2023, China's new energy passenger vehicles accounted for 59% of the world's new energy. In 2023, China's export of new energy vehicles might grow rapidly, thanks to its firm industrial chain, which not only establishes a strong domestic market and also make double growth in exports available.

The 2023 Chengdu Auto Show will be held from August 25 to September 3

Recently, Chengdu International Automobile Exhibition officially announced that the 26th Chengdu International Automobile Exhibition will be held in Western China International Expo City from August 25 to September 3, 2023.

BYD says more models will be launched in Singapore this year

On May 2, the general manager of the brand and public relations department of BYD Group, mentioned that BYD have begun mass sales in Singapore in the last year, and more models will be launched in the Singapore market this year. Li Yunfei said that the minimum price of Yuan PLUS (ATTO 3) is nearly 900,000 yuan after taxes and fees and the certificate of ownership.

SAIC-CP New Energy Industrial Park lays the foundation stone in Thailand

On May 2, according to the official news of SINOMACH, on April 30, the groundbreaking ceremony of SAIC-CP New Energy Industrial Park was held at SAIC-CP Automobile Factory in Thailand. The project is located in the Eastern Economic Corridor of Thailand, covering an area of about 120,000 square meters. The first phase of construction is the battery module and PACK production line. China Automotive Engineering's undertaking of this project is also the second cooperation between China Automotive Engineering and SAIC Motor in Thailand after the construction of SAIC's new factory in Thailand.

Faraday Future unveils generative AI product group

On May 2, Faraday Future announced the launch of its generative artificial intelligence product group, which will be integrated into the company's flagship model FF 91. According to reports, the company integrated its artificial intelligence technology with advanced models such as ChatGPT and GPT-4, as well as other models from companies such as OpenAI and Microsoft, and launched FF's generative AI product group. FF is working with the FPO community, partners, and developers to plan to expand the use of safe and useful generative AI applications through future updates. The company expects to announce more generative AI capabilities in upcoming launches. On the same day, Faraday Future's stock rose in a straight line before the market, and once rose by more than 10%.

Global sales of South Korea's major auto brands increased by 8.6% year-on-year

On May 2, according to the Financial Associated Press, the global sales of Korean cars reached 683,742 units, a year-on-year increase of 8.6%. This is not unrelated to the fact that the supply of automotive chips has returned to normal and the production has increased, so the time to pick up the car after buying the car is shortening.

In terms of brands, Hyundai Motor's global sales totaled 336,212 units in April, an increase of 8.5% year-on-year, of which domestic sales were 66,660 units, an increase of 12.2%, and overseas sales were 269,552 units, an increase of 7.6%. Because the new Yazun hybrid version sold 5,179 units, sales of hybrid models increased by 113.2% to 10,524 units, and sales of electric models increased by 18% to 7,340 units. Hyundai's new seventh-generation Yazun, which was launched at the end of last year, sold 9,997 units in South Korea in April, continuing to lead the sales list in the local market. The accumulative sales volume of Azun in the first four months of this year reached 39,861 units, also ranking first.

Honda will follow 'Apple model' to overhaul electric car supply chain

On May 2, according to Nikkei Asia, under the auspices of President Sanbu Toshihiro, Honda is promoting major reforms in the electric vehicle supply chain, including focusing on batteries and semiconductors, and increasing investment in domestic battery production. And directly cooperate with TSMC in procurement.

Honda's new supply chain structure echoes that of tech giant Apple, which works directly with component suppliers on development and production to control quality and reduce costs, the report said.