Cui Dongshu from the China Association of Automobile Manufacturers: In November 2024, the revenue of the automotive industry increased by 9% year-on-year
On December 27th, Cui Dongshu, Secretary General of the China Association of Automobile Manufacturers, issued a document stating that from January to November 2024, the automotive industry's revenue will be 9.4561 trillion yuan, a year-on-year increase of 3%; The cost is 829.5 billion yuan, an increase of 4% year-on-year; Profit was 413.2 billion yuan, a year-on-year decrease of 7.3%.
Among them, the automotive industry's revenue in November was 1.1241 trillion yuan, a year-on-year increase of 9%; The cost is 983.7 billion yuan, an increase of 11% year-on-year; Profit of 37.4 billion yuan, a year-on-year decrease of 35%; The profit margin of the automotive industry is 3.3%.
BYD: Board of Directors Agrees to Authorize Management to Develop Market Value Management System
BYD announced on December 27th that in order to effectively promote the company's investment value enhancement, strengthen and regulate the company's market value management behavior, and safeguard the legitimate rights and interests of the company and investors, in accordance with relevant regulations and combined with the actual situation of the company, the board of directors has agreed to authorize the company's management to formulate the "Market Value Management System" and will fulfill information disclosure obligations in accordance with the requirements of the Shenzhen Stock Exchange.
Self media 'Dragon Pig - Jiche' sentenced to compensate BYD 2 million yuan
According to the legal department of BYD, the company has received a court ruling regarding the lawsuit filed by BYD against the self media "Dragon Pig Jiche" and related account reputation rights dispute. The judgment found that the defendant had made insulting and defamatory remarks against BYD for a long time, and had seriously distorted the facts, which constituted an infringement of BYD's reputation rights. The defendant was ordered to delete infringing remarks, apologize, and compensate BYD for economic losses totaling 2.0187 million yuan.
NIO Ledao L60 pure electric SUV delivered over 20000 units
On December 27th, NIO's Ledao brand announced that its first model, the Ledao L60, had delivered a total of 20000 units within 100 days since its launch. NIO plans to deliver 20000 Ledo vehicles per month by March 2025.
GAC Trumpchi's 4 millionth vehicle rolled off the production line
On December 27th, GAC Trumpchi announced the production of its 4 millionth complete vehicle.
SAIC Group's bulk trading discounted 6 million shares, with a turnover of 118 million yuan
On December 27th, SAIC Group completed a bulk transaction of 6 million shares, with a turnover of 118 million yuan, accounting for 3.4% of the total turnover of the day. The transaction price was 19.61 yuan, a discount of 1.01% from the market closing price of 19.81 yuan.
Lincoln China responds to rumors of Lincoln merging with Ford China: in fact, the financial system is merged, and Lincoln China's various businesses remain unchanged
According to Caixin, in response to rumors that Lincoln will be merged into Ford China, Lincoln China stated today that starting from next year (2025), Lincoln's financial settlement system will be merged into Ford China to simplify and integrate its complex internal financial system, in order to achieve more efficient internal operations. Lincoln China's various businesses remain unchanged and will continue to operate independently in the Chinese market as a wholly foreign-owned enterprise of Ford Group
Serbian President: Plans to Supply Lithium to German Automotive Industry
According to the German business newspaper, Serbian President Vu č i ć stated in an interview that Serbia plans to supply lithium to the German automotive industry. "This partnership has important strategic significance for both sides, as the German automotive industry needs this material to produce electric vehicle batteries. Vucic stated that Serbia positions itself as "one of the pillars of the German automotive industry".
Former Suzuki President and Chairman, Suzuki Xiu, who was 94 years old, has passed away. He led the company's rise and propelled Suzuki into the Indian market
Suzuki announced on December 27th that its former president and chairman, Shuru Suzuki, passed away on December 25th due to lymphoma at the age of 94. Suzuki Xiu joined Suzuki in 1958 and served as the company's president from 1978 until 2000, before assuming the position again in 2008. During his decades in charge of the company, he developed Suzuki into a global enterprise.
After taking office, Suzuki Xiu led the listing plan of Suzuki Alto, ensuring the company's stable position in the light vehicle market. In 1983, he promoted Suzuki's entry into the Indian automotive market and established a subsidiary, Maruti Suzuki, which gained a significant market share in the country. Suzuki also became the first Japanese manufacturing company to enter the Indian market. Suzuki Xiu also led the company's cooperation strategy with large overseas automobile companies. During his tenure, Suzuki had capital cooperation with General Motors and Volkswagen. But the company and Volkswagen had a dispute over the termination of their capital cooperation, which eventually escalated into an international arbitration issue. In 2019, Suzuki Xiu, who was then the president of Suzuki, pushed the company to sign a capital cooperation agreement with Toyota.