GAC Aion launches its first overseas model, the Aion Y Plus, in Bangkok
Recently, GAC Aion hosted the "Y so Amazing" launch event in Bangkok, Thailand, unveiling the 2023 AION Y Plus, their debut model for international markets. In the future, Aion (Thailand) aims to establish a customer-centric distribution model, rapidly expanding sales outlets in major cities, including popular tourist destinations.

China's passenger car sales rise in August 2023

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According to recent data released by the China Passenger Car Association, in August 2023, China's passenger car retail sales reached 1.92 million units, a year-on-year increase of 2.5% and a month-on-month increase of 8.6%. Cumulative sales for the year totaled 13.22 million units, up 2.0% year-on-year. In August, the domestic retail penetration rate for new energy vehicles reached 37.3%, a significant rise from the 28.4% recorded in the same period last year, marking an increase of 9 percentage points.

Apollo Smart Mobility Group terminates deal to acquire WM 
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Recently, the Apollo Smart Mobility Group announced on the Hong Kong Stock Exchange that relevant parties have agreed to terminate the acquisition agreement with Weltmeister. As a result, the acquisition and the associated allotment will not proceed. The announcement cited reasons for the termination including global market volatility, ongoing financial market uncertainties, and concerns about short-term economic recovery.
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The 2024 Geely Geometry G6 hits the market, starting at RMB 119,800 

Recently, the 2024 Geely Geometry G6 was officially released, with a price range of RMB 119,800 to RMB 147,800. As a revamped model, the EV integrates Huawei’s HarmonyOS, which supports voice interaction/recognition based on an AI model, OTA updates, and more. Significant upgrades also include interior design, comfort features, and the tri-electric system. Additionally, the vehicle features a new 100 KW motor and incorporates a battery pack with a module-less cell-to-pack design.
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Hundreds of new Tesla Model 3s spotted in Shanghai, destined for Europe

Recently, in a Shanghai parking lot, a Chinese blogger photographed hundreds of new white Tesla Model 3s, believed to be destined for Europe. The blogger mentioned that Tesla's current daily production rate for the Model 3 is around 300, which is just a fraction of the factory's full production capability.
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