Sino News

On June 22nd, according to Nikkei News, Nissan will reduce its production capacity in China by about 10%. Its joint venture passenger car factory with Dongfeng Motor in Changzhou, Jiangsu Province will be closed on June 21st, with an annual production capacity of about 130000 units. A Nissan spokesperson stated that "this is to optimize production" and added that the company is still committed to developing its business in China. Nissan's total production capacity in the world's largest automotive market is 1.6 million vehicles, with the Changzhou factory accounting for approximately 8% of it. It is reported that Nissan mainly produces cars in China through a joint venture with Dongfeng Motor Group. Currently, joint venture factories have been established in multiple cities such as Dalian, Wuhan, Guangzhou, and Changzhou. What will be closed this time is that Changzhou Factory is actually a branch of Zhengzhou Nissan Automobile Co., Ltd. Zhengzhou Nissan Automobile Co...

Spy photos of Xiaomi's second product have been exposed. As speculated in the industry, the second car is an SUV model, but it does not belong to the conventional SUV type. Based on the model outline, it is a performance SUV product closer to the Ferrari Purosangue. The spy photos reveal little information, but what can be distinguished are borderless rearview mirrors, Hesai LiDAR, yellow brake calipers, etc. The internal code of this car is MX11, while the internal code of the previous Xiaomi SU7 was MS11. Both cars are products developed at the same time. The car manufacturing platforms are also based on the Modena platform architecture. Around July last year, the design work of the MX11 was basically completed, so we can see the C-sample test car of the MX11 in the short period of six months after the release of the Xiaomi SU7. The market rhythm of this car is likely to be unveiled at the end of this year and launched in the first half of next year. If we follow the complete rhy...

Recently, during the 6.18 shopping festival, many car companies have launched promotional activities, such as the official Weibo account of FAW Toyota announcing a 24-hour limited time special sale on the same day. Among them, the compact SUV Corolla starts at a price of 99800 yuan and offers a limited time comprehensive discount of 30000 yuan; The compact sedan Corolla starts at 79800 yuan and offers a limited time comprehensive discount of 43000 yuan GAC Toyota has also launched the "618" limited time purchase rights, with the Camry dual engine model's starting price reduced by 30000 yuan and starting at 149800 yuan; The starting price of the Highlander dual engine model has been reduced by 32000 yuan, starting at 217800 yuan. In addition to traditional car companies, multiple new car manufacturers are also participating in the event. For example, Xiaopeng Motors has launched limited time discount policies for models such as Xiaopeng P5, P7i, G6, and G9. The entire Xiao...

Due to a decline in sales and a decrease in order numbers, Guangzhou Honda was also forced to lay off employees, with approximately 1700 employees, accounting for 14% of the total number of Guangzhou Honda employees. This is not the first time that a Sino Japanese joint venture car company has laid off employees in China, the previous one was Guangzhou Mitsubishi. GAC Mitsubishi did not call it layoffs, but rather disbanded. The company went bankrupt and went bankrupt, and Mitsubishi also withdrew from China. Generally speaking, encountering layoffs is not a very happy thing. After all, finding a job is not easy in this era, and if one is laid off, it is equivalent to unemployment. Unlike Guangzhou Honda, many veteran employees are competing to be laid off, hoping that the big prize of layoffs will fall on themselves. In this way, you can retire early. Even if you don't retire, it's not too difficult to find a new energy vehicle factory to seamlessly connect and re employment. ...

 Recently, a price reduction message has been circulating on the Internet: "The bare car price of Audi A4L has entered the 1-digit era, and the entry-level version only costs more than 190,000 yuan." The Audi A4L is a first-tier brand B-class luxury sedan positioned at the 300,000 yuan level, with a manufacturer's suggested price of 321,800-400,800 yuan. This round of price drop below the 200,000 yuan mark has overturned the previous price concepts of many consumers and even industry insiders. However, such a large price reduction seems to have long been commonplace in the FAW Audi camp. In Beijing, many sales staff said that most models in the store currently have different degrees of discounts, and most of the discounts are between 80,000 yuan and 200,000 yuan. The bare car price of the Audi Q4 e-tron low-end model after the discount is less than 200,000 yuan. Audi is the earliest German high-end brand to enter the Chinese market. As early as 1988, FAW began cooperating...

 Last month, the highly anticipated NIO finally landed its boots in the mainstream market. In addition to the release of the "Ledo" brand, Ledo also announced the appearance (interior and product details to be released when it is officially launched in September) and a pre-sale price of 219900 yuan for its first product, L60. The market's response to this new "milestone" was quite average: although NIO's stock price had "sneaked" up for 5 trading days before the release of Ledo, it had fallen by nearly 17% in the 8 trading days since its official release. As we predicted earlier last year in the case study "New Forces in Car Manufacturing, Are We Dead?", if NIO's business does not improve, a new round of "downturns" is likely to occur between the end of 2023 and mid-2024. Since its peak at the end of July 2023, NIO has accumulated a decline of over 66%. The main culprit behind the significant decline in NIO's market valu...

The summer rush is approaching, and in order to further optimize the national railway transportation structure, a new train schedule will be implemented for railways nationwide starting from midnight on June 15th. After the timetable adjustment, the national railway arranged for the operation of 12690 scheduled passenger trains, an increase of 205 trains compared to before. Among them, the safety standard demonstration line of the Wuhan Guangzhou section of the Beijing Guangzhou high-speed railway has been fully completed, and the entire line of the Beijing Guangzhou high-speed railway has achieved high standard operation of the Fuxing high-speed train at a speed of 350 kilometers per hour, with an overall increase in transportation capacity of 4.2%. This morning, the first train in the Greater Bay Area, passing through the Wuhan Guangzhou High Speed Railway with a speed of 350 kilometers per hour, departed. After the timetable adjustment, the Beijing Hong Kong and Shanghai Hong Kong h...