Gasgoo Daily: Tesla continues reducing lead-time of China-made models

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Tesla continues reducing lead-time of China-made models

According to updates on Tesla's China official website, the lead-times of the China-made Tesla Model 3's RWD and Performance versions have both been shortened to 6 to 10 weeks from the previous 12 to 16 weeks. Besides, the lead-times of the locally-made Model Y's AWD Long Range and Performance versions have both been shortened by 6 weeks.

Model 3; photo credit: NIO

Gotion High-Tech sets up battery technology subsidiary

According to the corporate data platform Qichacha, Hefei Gotion Battery technology Co., Ltd. was incorporated on August 31. It is indirectly wholly owned by Gotion High-Tech Co., Ltd. It features a business scope that covers manufacturing and sale of batteries, sale of NEV production and testing facilities, etc.

JAC Group posts 48.17% YoY growth in Aug. 2022 sales

JAC Group sold 45,061 vehicles in August 2022, representing a 48.17% spike year-over-year. Of the new vehicles sold last month, 18,855 units were all-electric passenger vehicles, a 133.5% year-on-year surge.

NIO's vehicle sales in Q2 2022 grow YoY, but vehicle margin drops

In the second quarter (Q2) of 2022, NIO Inc. recorded total revenue of 10,292.4 million yuan ($1,536.6 million), representing a 21.8% growth year-on-year and a 3.9% growth quarter-on-quarter, according to the financial results the Chinese new energy vehicle (NEV) startup released today.

Honda China, Dongfeng Motor, GAC Group to build battery procurement joint venture

Honda Motor (China) Investment Co., Ltd. ("Honda China") announced today it had signed an agreement with its two Chinese partners, namely Dongfeng Motor Group Company Limited ("Dongfeng Motor") and Guangzhou Automobile Group Co., Ltd. (“GAC Group”), on August 31 to build a joint venture dedicated to power battery procurement at the end of September this year.

China's Guangdong province releases goals for development of auto parts industry

China's Guangdong province expects its annual automobile output to exceed 4.3 million units and the yearly revenue from the automobile manufacturing industry to surpass 1.25 trillion yuan ($179.453 billion) in 2025, according to a document issued by the Department of Industry and Information Technology of Guangdong Province on Sept. 5.

CATL breaks ground on Xiamen new energy battery industrial base's 1st phase

On Sept. 6, CATL broke ground on the first phase of its new energy battery industrial base in Xiamen city, Fujian province, the battery giant said via its twitter-like Weibo account, indicating a new progress in CATL's expansion of its battery capacity.