With Gasgoo Daily, we will bring important automotive news to China. For those we have flagged, the article title will include a hyperlink, which will provide detailed information.
Evergrande NEV increases its share capital
Evergrande New Energy Vehicle Investment Holding Group Co. LTD., Established in January 2019, increased its share capital by 24.81% to $ 2.515 billion.
Photo credit: Hengchi
CATL creates new energy company in Suzhou
Chinese battery maker CATL officially established an energy company in Suzhou with registered capital of RMB 2.5 billion. The company’s business covers the manufacture of batteries and the sale of advanced power electronics.
China’s network of hydrogen refueling stations must be planned in advance
Miao Wei, former Minister of Information Technology and Industry (MIIT), said the biggest challenge for the application of fuel cell technology in the segment of medium and long-haul commercial vehicles is the network of hydrogen refueling stations, which must be planned in advance.
King Long September sales down slightly
Xiamen King Long United Automotive Industry Co., Ltd., produced 4,318 buses in September, a slight increase of 0.63% from a year ago, while its monthly bus sales fell by 0, 12% year-on-year to 4,295 vehicles.
Honda Motor Shows 28.1% YoY Drop in China Shipments in September
Last month, Honda Motor Co., Ltd. (hereinafter referred to as “Honda”) saw deliveries to China drop 28.1 percent from a year ago to 121,448 units, the Japanese automaker said on Monday.
Geely Auto Achieves 60% of 2021 Sales Target in First Three Quarters
Geely Auto announced Monday that new vehicle sales reached 921,796 units for the first three quarters of 2021, up 5% from the previous year and reaching 60% of the group’s annual sales target. 1.53 million units.
Nissan Motor China sales continue to decline year-on-year
In September, Nissan Motor sold 104,443 passenger and utility vehicles in China, down 26.2% year on year. The company attributed it to external factors such as the pandemic, chip shortage, slowing economy and fierce competition among the light commercial vehicle field.
Asensing completes the C-round investment
The Chinese smart driving MEMS solution provider, Guangzhou Asensing Technology Co., Ltd. (Asensing), announced the completion of its C funding round led by Sequoia Capital China.
SemiDrive partners with Neusoft for the development of an intelligent cockpit
Chinese automotive SoC developer Nanjing SemiDrive Technology Ltd. (SemiDrive), has entered into a strategic agreement with Neusoft, China’s leading software company for the development of next-generation intelligent cockpits.
SVOLT to pay 15 billion yuan into 40 GWh NEV battery project in Changzhou
SVOLT Energy Technology Co., Ltd. (SVOLT), a major Chinese battery manufacturer from Great Wall Motor (GWM), has entered into a cooperation agreement with the government of Jintan District, Changzhou City for an electric battery manufacturing project, SVOLT announced via its WeChat account.
XPeng’s 100,000th vehicle rolls off production line
Chinese intelligent electric vehicle company XPeng celebrated production of its 100,000th vehicle today, marking another important milestone for the company after reaching 10,000 monthly delivery units in September.
ARCFOX opens its first direct delivery center in Beijing
ARCFOX attended the inauguration of its first direct distribution center in Beijing, also the country’s 78th delivery center, signifying a crucial step for the automaker towards innovative distribution and service layout.