China Auto Daily丨Used Car Transactions in China Rise by 6.37% in October

Used Car Transactions in China Rise by 6.37% in October

Data from the China Passenger Car Association (CPCA) reveals that China used car market in October 2024 recorded a transaction volume of 1.7115 million units. This marked a month-on-month increase of 3.20% and a 6.37% year-on-year rise. The total transaction value for the month reached 111.844 billion yuan, indicating a robust growth in the used car market.

Xiaomi YU7 SUV New Car Expected to Officially Launch in Mid-2025

Xiaomi founder, chairman, and CEO Lei Jun announced the upcoming release of the Xiaomi SU7Ultra car scheduled for March 2025. Additionally, Xiaomi Auto's Weibo account confirmed that the new Xiaomi YU7 SUV is expected to hit the market in June or July next year.

NIO ET9: China First Mass-produced Car Gaining Permit for Steer-by-Wire Technology

On December 9th, NIO achieved a significant milestone with its ET9 model, which received production approval from the Ministry of Industry and Information Technology for its "Steer-by-Wire" technology. This makes NIO's ET9 the first mass-produced model in China equipped with this advanced steering system. As a core member, NIO will participate in formulating the national standard for "Steer-by-Wire," consolidating its leadership position in automotive technology and innovation.

Tesla's Latest V4 Supercharging Stations to Launch in China by 2025

Tesla announced plans to deploy its latest V4 Supercharging stations across mainland China by 2025. This initiative follows successful deployments in North America, Asia-Pacific, and Europe. The V4 Supercharging stations are expected to significantly enhance the charging infrastructure for Tesla vehicles, aligning with the company's global vision for a robust and efficient EV charging network.