China Auto Daily丨Hong Kong Invests HKD 750 Million in Electric Vehicle Development

CPCA: Passenger Car Market Retail Sales Reached 823,000 Units from October 1-13, a Year-on-Year Increase of 20%

On October 16, data from the CPCA showed that from October 1-13, passenger car market retail sales reached 823,000 units, a 20% increase compared to the same period in October last year, and a 17% increase compared to the same period last month. From October 1-13, the new energy passenger car market retail sales reached 408,000 units, a 64% increase compared to the same period in October last year, and an 8% increase compared to the same period last month.

Shanghai Pudong New Area Issues Licenses to Advance the Standardized Application of Autonomous Driving Equipment

Recently, the Pudong New Area in Shanghai officially issued an autonomous driving equipment identification license to Autowise.ai. The recipient of this identification license is Autowise.ai's autonomous vehicle, which becomes the first license holder in the unmanned sanitation field in Pudong New Area. The vehicle will be used in the unmanned sanitation sector in the Jinding World area of the Jinqiao Development Zone.

Lee Ka Chiu: HKD 750 Million to Support the Development of Electric Vehicles in Hong Kong

Lee Ka-chiu, the chief executive of the Hong Kong Special Administrative Region delivered his third Policy Address in the Legislative Council building IN Hong Kong on October 16. In the report, Lee stated that the government will vigorously promote the development of new energy in Hong Kong, and approximately HKD 750 million will be reserved in the New Energy Transport Fund to subsidize the taxi trade and franchised bus companies in purchasing electric vehicles, and to launch the Subsidy Scheme for Trials of Hydrogen Fuel Cell Electric Heavy Vehicles.

CATL Establishes Hong Kong Research Institute, Launching Nearly 100 R&D Projects in the First Phase

On October 15, the CATL Hong Kong Research Institute was inaugurated, marking the official entry of CATL into the Hong Kong Science Park. The institute, spanning over 800 square meters, is the sixth global R&D center established by CATL outside of Mainland China and Germany. In the first phase, the CATL Hong Kong Research Institute will launch nearly 100 R&D projects and plans to recruit 200 researchers. Additionally, CATL will collaborate with local universities to strongly promote industry-academia collaboration, accelerating the construction of Hong Kong's new energy value chain and zero-carbon scenarios.

GAC Aion and Momenta Reach Strategic Cooperation

On October 15, GAC Aion and Momenta signed a strategic cooperation agreement. The two parties will work together to advance higher-level intelligent driving solutions and jointly promote the mass production and popularization of urban NDA (Navigated Driving Assist) and other high-level intelligent driving technologies. This will accelerate the wide application of intelligent driving technology in the field of new energy vehicles and provide global consumers with a safer and more secure product experience.

SEVB's Hungary Base is About to Commence, Expected to Start Production by the End of 2026

On October 18, SEVB (欣旺达动力), a leading company in China's lithium-ion battery sector, is about to hold a foundation ceremony for its production and manufacturing base located in Nyíregyháza, Hungary, marking the official start of the construction phase of the Hungary base, with an expected production start by the end of 2026. The establishment of the overseas base shortens the physical distance from product manufacturing to delivery, which is beneficial for ensuring product quality, improving transportation efficiency, and increasing the credibility of SEVB in Europe.