In September, the top three countries for total Chinese automobile exports were Russia, Belgium, and Mexico

On October 24, Cui Dongshu, the Secretary-General of the China Passenger Car Association, stated that in September, the top 10 countries for total Chinese automobile exports were: Russia 144,437 vehicles, Belgium 35,043 vehicles, Mexico 29,876 vehicles, UAE 27,771 vehicles, Saudi Arabia 23,828 vehicles, Philippines 18,304 vehicles, Spain 17,411 vehicles, Kazakhstan 15,185 vehicles, Australia 14,283 vehicles, Brazil 13,162 vehicles. Among them, the top 10 countries for total exports of new energy vehicles were: Belgium 33,555 vehicles, Philippines 13,362 vehicles, Spain 10,735 vehicles, Israel 9,835 vehicles, India 7,075 vehicles, UAE 6,874 vehicles, UK 6,855 vehicles, Germany 5,973 vehicles, Australia 5,939 vehicles, Thailand 5,827 vehicles.

Cui Dongshu: The driving force behind export growth is 'help from heaven, high quality, human effort, geopolitical changes'.

Xpeng P7+ full range standard AI smart driving is expected to achieve L4 level partial 'self-driving' in certain scenarios by 2026.

On October 24, Li Liyun, in charge of intelligent driving at Xpeng Motors, stated that Xpeng's future autonomous driving competition will be in the cloud. After the Xpeng cloud large model goes online, the parameter volume can reach 80 times that of the vehicle side and has the ability to understand time and space. By 2025, the cloud computing power will exceed 10 EFlops. Xpeng P7+ will no longer differentiate between Max and Pro versions and will come standard with AI driving. Additionally, by the third quarter of 2025, Xpeng's end-to-end large model will achieve Level 3 intelligent assisted driving, taking over less than once per 100 kilometers; by 2026, achieve Level 4 driving in certain low-speed scenarios with no one at the wheel.

Financial Association Automotive: The competition for intelligent driving cloud large models is starting.

BMW and Mercedes-Benz jointly launched the ultra-fast charging brand 'eeanqi'.

On October 24th, the high-end ultra-fast charging brand 'Evon Charge', jointly launched by BMW and Mercedes-Benz, was officially released, and the first batch of Evon Charge ultra-fast charging stations began operation. According to the plan, by the end of 2026, the company will build at least 1,000 super charging stations in the country, with approximately 7,000 super charging piles. The first charging piles are planned to start operating in key new energy vehicle cities in China in 2024, with subsequent charging station construction covering other cities and regions nationwide.

Finance Associated Press Cars: The cooperation between the two major car companies in the field of new energy is deepening.

Pony.ai and Luxembourg-based Emile Weber signed a memorandum of understanding to deploy autonomous driving technology and products in Europe.

On October 23rd local time, Pony.ai and Luxembourg-based Emile Weber signed a memorandum of understanding to promote the research, development, and deployment of autonomous driving vehicles and technology in Luxembourg. Earlier this year in September, Pony.ai established a European research and development center in Luxembourg, focusing on exploring and developing cutting-edge areas of autonomous driving and offering customized solutions for the European market. The plan is for Pony.ai to promote the deployment of autonomous driving technology and products in Luxembourg and across Europe, as well as engage in industrial cooperation based on this center.

Finance Associated Press Cars: This is another progress for Pony.ai following the signing of a memorandum of understanding on autonomous driving with the government of the Grand Duchy of Luxembourg in March this year.

Tsinghua-BMW China Institute for Sustainable Development and Innovation in Transportation established.

On October 24th, under the witness of BMW Group Chairman Zipse, the 'Tsinghua-BMW China Institute for Sustainable Development and Innovation in Transportation' was officially established during his third visit to China this year. This cooperation focuses on the strategic direction of 'future mobility', with a deepening collaboration in cutting-edge areas such as artificial intelligence, V2X vehicle networking technology, and solid-state batteries.

Finance Associated Press Cars: BMW continues to deepen its presence in the Chinese market.

Tesla's third-quarter report exceeded expectations, with the possibility of releasing affordable car models in 2025.

On October 24, Tesla released its third-quarter financial report, showing that Tesla's revenue in the third quarter of this year was $25.18 billion, analyst expectations were $25.43 billion, compared to $23.35 billion in the same period last year; adjusted earnings per share was $0.72, analyst expectations were $0.60; gross margin was 19.8%, analyst expectations were 16.8%; operating profit was $2.72 billion, analyst expectations were $1.96 billion. Tesla expects a slight increase in vehicle deliveries in 2024, with Cybertruck achieving a positive gross margin for the first time. Tesla also revealed plans to launch affordable car models in the first half of 2025. Musk expects Tesla's car sales to grow by 20-30% next year; Cybercab will achieve mass production in 2026, with a goal of producing at least 2 million units annually.

The introduction of new models priced around $0.03 million will undoubtedly further enhance Tesla's competitiveness.

Renault Group: Revenue for the first three quarters was 37.7 billion euros, a year-on-year increase of 0.8%.

On October 24, Renault Group announced its third-quarter financial report for 2024, with revenues of 10.7 billion euros in the period, a year-on-year increase of 1.8%, calculated at a fixed exchange rate to be 5.0%. In the first three quarters of 2024, Renault Group's revenue was 37.7 billion euros, a year-on-year increase of 0.8%, calculated at a fixed exchange rate to be 3.7%. In addition, Renault Group's sales volume for the first three quarters of 2024 remained stable compared to the same period in 2023, with a total of 1,637,225 vehicles sold.

Finance Association Automotive: With the vitality of its three major automotive brands, Renault Group achieved sales growth.

Hyundai Motor: Operating profit decreased by 6.5% year-on-year in the third quarter.

On October 24, Hyundai Motor released its performance report, with operating profit in the third quarter of this year decreasing by 6.5% year-on-year, amounting to 3.5809 trillion South Korean won (approximately 18.5 billion yuan); sales increased by 4.7% year-on-year, to 42.9283 trillion South Korean won, setting a record high for the same period in history. Due to bearish factors such as the slowdown in global market growth in Europe and geopolitical risks intensifying, Hyundai Motor's global sales in the quarter decreased by 3.2% year-on-year, totaling 1.011807 million units.

Caifuxian Autos: Hyundai's third-quarter performance fell short of expectations.

Thailand's automobile production this year may fall below the target of 1.7 million vehicles.

On October 24, data released by the Thai Industries Federation showed that in the first 9 months of this year, the total car production in Thailand was 1.13 million units, accounting for about 66% of the annual target. The Thai Industries Federation stated that due to factors such as domestic sales decline and credit tightening, Thailand's car production this year is expected to fall below the target of 1.7 million units.

Caifuxian Autos: The Thai car market faces multiple challenges.

(Compiled/Commented by Liu Yang, Caixin reporter)