China Auto Roundup: GM Says It’s Still Committed to China, Ganfeng Lithium Teams Up With Turkish Battery Producer
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Welcome to the Auto Roundup — a weekly briefing on the biggest headlines in China’s automotive industry covering electric vehicles, gas-powered cars, battery and autonomous technology, and more.
After reports of layoffs, GM says it’s committed to China
General Motors Co. (GM) said it remains committed to its partnership with SAIC Motor Corp. Ltd. and their joint ventures (JVs) in China, following reports that the American carmaker has been downsizing in the world’s largest auto market.

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- GM confirmed its commitment to its Chinese operations with SAIC, despite reports of layoffs and potential capacity cuts.
- Ganfeng Lithium and Yigit Aku will invest $500 million in a Turkish lithium battery plant with a capacity of 5 GWh.
- The EU is expected to conclude its investigation into alleged unfair subsidies for Chinese EVs by the end of the month.
The Auto Roundup provides weekly summaries of significant developments in China’s automotive sector, focusing on electric vehicles (EVs), traditional gas-powered cars, battery technology, and autonomous driving innovations. [para. 1]
**GM's Commitment to China Despite Layoffs:**
General Motors (GM) reaffirmed its commitment to its Chinese joint ventures (JVs) with SAIC Motor Corp., despite reports of workforce downsizing, including research and development staff. [para. 2][para. 3][para. 4] Bloomberg reported that discussions between GM and SAIC might include capacity reductions as part of a broader overhaul. GM has a significant workforce presence in China, tallying over 58,000 employees. Without directly addressing the layoffs, GM China stated its intention to continue providing top-tier products and technology to Chinese consumers and emphasized the strengthening of its collaboration with SAIC for profitability and sustainable development. [para. 5][para. 6]
**Ganfeng Lithium's Joint Venture in Turkey:**
A subsidiary of the Ganfeng Lithium Group Co. has entered into a partnership with a Turkish battery producer to establish a lithium battery plant. [para. 7] Jiangxi Ganfeng LiEnergy Technology Co. Ltd. and Istanbul-listed Yigit Aku will co-invest $500 million to build the factory, projected to have an annual production capacity of 5 gigawatt-hours. [para. 8]
**EU's Anti-Subsidy Investigation on Chinese EVs:**
The European Commission is set to announce the findings of its anti-subsidy investigation into Chinese-made EVs by the month's end. [para. 9][para. 10] The investigation, initiated in October, had previously suggested that the BEV value chain in China receives unfair subsidies, posing a risk of economic harm to EU BEV producers. [para. 11]
**Challenges in Connected Car Infrastructure:**
Experts at a recent forum highlighted financial and logistical challenges hindering the development of infrastructure for connected cars in China. [para. 12] This infrastructure involves cloud technology systems that enable autonomous vehicles to interact with surrounding devices and gather real-time road data. [para. 13] Government pilot programs across 20 cities, including major hubs like Beijing, Shanghai, and Guangzhou, aim to advance this technology. However, rising costs pose significant hurdles for local governments striving to extend these test zones citywide, emphasized Zhang Yongwei of China EV100. [para. 14]
**Nio's Affordable EV Brand "Onvo" Launch:**
Nio Inc. announced the launch of the first vehicles from its newly introduced, more affordable EV brand Onvo. [para. 15] The initial model, a midsize L60 SUV, rolled off the production line in Hefei and will be available next month. [para. 16] The Onvo brand, revealed in May, aims to offer more budget-friendly options compared to Nio’s primary offerings, directly competing with Tesla's Model Y and Toyota's RAV4. [para. 17]
**Frequent Updates Upset Zeekr Customers:**
Zeekr Intelligent Technology Holding Ltd., a subsidiary of Zhejiang Geely Holding Group Co. Ltd., faced customer backlash over its frequent model upgrades. [para. 18] The release of 2025 versions of the 001 and 007 sedans, featuring better specs and significant discounts, has frustrated current owners who feel that constant upgrades devalue their purchases. The new 001 includes an advanced smart driving system developed with Nvidia chips, and the 007 features enhanced ultra-fast charging capabilities. [para. 19][para. 20]
- General Motors Co. (GM)
- General Motors Co. (GM) remains committed to its partnership with SAIC Motor Corp. Ltd. in China, despite reports of layoffs in departments related to the Chinese market, including R&D. GM plans to maintain collaboration with SAIC for profitability and sustainable development, serving Chinese consumers with the best products and technology. The company has over 58,000 employees in China.
- SAIC Motor Corp. Ltd.
- SAIC Motor Corp. Ltd. is a state-owned Chinese automaker that partners with General Motors (GM) in joint ventures (JVs) in China. Despite reports of GM downsizing its operations, GM has reaffirmed its commitment to its collaboration with SAIC, focusing on achieving profitability and sustainable development in the world's largest auto market.
- Ganfeng Lithium Group Co. Ltd.
- Ganfeng Lithium Group Co. Ltd. subsidiary, Jiangxi Ganfeng LiEnergy Technology Co. Ltd., has signed an agreement with Turkish firm Yigit Aku Malzemeleri Nakliyat Turizm Ins San Ve Tic A.S. to co-invest $500 million in a lithium battery plant in Turkey. The facility aims for an annual production capacity of 5 gigawatt-hours.
- Jiangxi Ganfeng LiEnergy Technology Co. Ltd.
- Jiangxi Ganfeng LiEnergy Technology Co. Ltd., a subsidiary of Ganfeng Lithium Group Co. Ltd., has signed an agreement with Turkish battery producer Yigit Aku Malzemeleri Nakliyat Turizm Ins San Ve Tic A.S. to co-invest $500 million in a lithium battery plant in Turkey. The factory will have an annual production capacity of 5 gigawatt-hours.
- Yigit Aku Malzemeleri Nakliyat Turizm Ins San Ve Tic A.S.
- Yigit Aku Malzemeleri Nakliyat Turizm Ins San Ve Tic A.S. is a Turkish battery producer that has signed an agreement with Jiangxi Ganfeng LiEnergy Technology Co. Ltd. to co-invest in a $500 million lithium battery plant in Turkey. The joint venture aims to establish a factory with an annual production capacity of 5 gigawatt-hours.
- Nio Inc.
- Nio Inc.'s new, more affordable EV brand Onvo has started production of its first model, the L60 midsize SUV, at the Xinqiao plant in Hefei, Anhui province. The L60, slated for market release next month, is positioned as a competitor to Tesla's Model Y and Toyota's RAV4. The Onvo brand, unveiled in May, aims to offer budget-friendly alternatives to Nio's existing models.
- Zeekr Intelligent Technology Holding Ltd.
- Zeekr Intelligent Technology Holding Ltd., a subsidiary of Zhejiang Geely Holding Group Co. Ltd., is facing backlash from customers for frequently upgrading its models, leading to trust issues. The company has recently unveiled 2025 versions of its 001 and 007 electric sedans, featuring improved smart driving systems powered by Nvidia chips and advanced ultra-fast charging. The upgrades, coupled with significant discounts, have angered existing customers due to frequent and substantial updates within short time periods.
- Zhejiang Geely Holding Group Co. Ltd.
- Zhejiang Geely Holding Group Co. Ltd. is the parent company of Zeekr Intelligent Technology Holding Ltd., a Chinese electric-car maker. Zeekr faced backlash for frequently upgrading its models, leading to customer dissatisfaction. The 2025 versions of Zeekr’s 001 and 007 sedans offer improved specifications and significant discounts, which angered existing buyers.
- August 13, 2024:
- Bloomberg reported that GM has been laying off staff in departments related to the Chinese market. The report also stated that GM and SAIC would discuss possible capacity cuts as part of a larger overhaul of its China operations.
- Wednesday, August 14, 2024:
- GM China released a statement affirming its commitment to providing Chinese consumers with the best products and technology and its collaboration with SAIC for profitability and sustainable development.
- Thursday, August 15, 2024:
- The first vehicles manufactured by Nio Inc.’s new marque Onvo rolled off the production line. The model is slated to hit the market next month.
- Friday, August 16, 2024:
- The China Chamber of Commerce for Import and Export of Machinery and Electronic Products announced at a media briefing that the European Commission is expected to release the final conclusions of its anti-subsidy investigation into Chinese-made EVs by the end of the month.
- Saturday, August 17, 2024:
- Ganfeng Lithium Group Co. Ltd. announced that its subsidiary Jiangxi Ganfeng LiEnergy Technology Co. Ltd. signed an agreement with Turkish battery producer Yigit Aku Malzemeleri Nakliyat Turizm Ins San Ve Tic A.S. to co-invest in a lithium battery plant in Turkey.
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