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Real-time News
On September 17th, sources familiar with the matter revealed that Huaweis "Wenjie" (问界) technology is withdrawing from HarmonyOS and Huawei stores. They stated that starting January 1st, Huawei stores will be officially divided into two types: one exclusively selling "Wenjie," and the other selling a mix of the other four types. This plan is expected to be finalized on January 1st. Huawei has not yet responded to this.On September 17, Minister of Commerce Wang Wentao held a video conference with European Commissioner for Trade and Economic Security Šefčovič at the latters request to discuss China-EU economic and trade issues.September 17th - According to the China Passenger Car Association (CPCA), September marks the start of the traditional peak season for car sales, known as "Golden September and Silver October," with terminal customer traffic expected to continue its recovery. The trade-in program and local subsidies, continuing at their current pace, will provide support for the "Golden September" sales. However, consumer expectations and fundamentals have not fundamentally improved, and coupled with the long-term volatility and rise in oil prices, the actual market performance is unlikely to replicate the stellar performance of previous "Golden September" years. The latest survey results show that leading manufacturers, accounting for over 70% of total market sales, have retail targets for this month that are less than 10% higher than the previous month, weaker than the usual seasonal performance at the end of the quarter. Manufacturers market expectations have returned to rationality, and their willingness to boost sales is lower than in previous years. Overall, the retail market size for passenger cars in September is estimated at approximately 1.69 million units, a 9.7% increase month-on-month. However, given the extremely high base of 2.241 million units in the same period last year, the year-on-year decline is expected to further widen to 24.6%. By energy type, new energy vehicles are expected to reach approximately 1.11 million units, with a retail penetration rate of 65.7%, driven by both new car deliveries and the expectation of boosting sales at the end of the quarter.Norwegian gas transportation management company Gassco has significantly increased its forecast for planned gas supply disruptions on September 18-19 from 18 million cubic meters to 55.1 million cubic meters.Volvo Cars: We will conduct contract manufacturing at our Ghent and Chengdu plants, while the remaining five plants will only produce models based on Volvos own platforms.
