With Gasgoo Daily, we will provide important automotive news in China on a daily basis. For those we have flagged, the article title will include a hyperlink, which will provide detailed information.
HOZON Auto granted 2 billion yuan worth of credit line to Bank of Shanghai
Bank of Shanghai, HOZON automatic signature agreement; photo credit: HOZON Auto
On December 9, HOZON Auto and Bank of Shanghai signed a strategic cooperation agreement on supply chain finance, green finance, retail finance and other activities. Meanwhile, the EV startup has secured a 2 billion yuan ($ 314.036 million) line of credit from the Bank of Shanghai, which will be used for the development and application of smart cockpits and technologies. driving, manufacturing high-quality intelligent vehicles, and building sales and service systems.
GAC Mitsubishi’s first fully electric SUV rolls off production line
GAC Mitsubishi saw its first all-electric SUV, the AIRTREK, roll off the assembly line on December 10. The model is available for presale and is expected to hit the market in March 2022.
Volkswagen Group China to welcome new director
Volkswagen brand CEO Ralf Brandstaetter will take over Volkswagen Group operations in China, taking the reins from Stephan Woellenstein.
Soueast Auto unveils a new brand identity, three new models
On December 9, Chinese automaker Soueast Auto unveiled a new logo alongside three all-new models, namely the DX9, Soueast N7 and Soueast A7.
CATL and BYD represent 68% of the Chinese market from January to November. installed power battery capacity
In terms of installed capacity since the start of the year, CATL and BYD together accounted for 68% of the country’s total volume. Compared to rankings based on Jan-Oct. performance, SVOLT overtook EVE Energy in sixth place.
Pony.ai gave green light for self-driving test on open road in Shenzhen
China’s first autonomous driving startup, Pony.ai, was granted the Shenzhen City Smart Connected Vehicle Road Test License, immediately starting autonomous driving tests on the city’s open roads.
China auto sales in November down 9.1% year-on-year
Vehicle sales in China in November performed better than expected, despite challenges such as pressure from the supply of auto chips and changes in regulations and policies, the China Association of Automobile Manufacturers said on Friday. CAAM).
China has 2.385 million electric vehicle charging stations by November 2021
As of the end of November 2021, 2.385 million charging stations were deployed across China, up 55% from the same period last year, according to the China Alliance for the Promotion of electric vehicle charging infrastructure (EVCIPA).
Court seizes RMB 2.2 billion assets of Beijing Borgward for creditors
BAIC Group’s commercial vehicle subsidiary, Foton, announced that its Beijing Borgward subsidiary has received a judicial foreclosure order for its RMB 2.2 billion worth of assets requested by creditors.
NIO meets annual target of deploying battery swap stations ahead of schedule
NIO installed its 700th battery swap station in China on December 10, hitting its annual target ahead of schedule, according to NIO’s press release.
New Tesla Models 3 Versions Unveiled In MIIT Patent Images With Lower Electric Motor Power
According to documents from the Ministry of Industry and Information Technology (MIIT), the Tesla Model 3, currently one of the best-selling all-electric sedan models in China, will soon receive two new versions with powers of lower electric motor.