Market & Industry
360 to invest RMB2.9 billion to be second-largest shareholder of HOZON Auto
360 to invest RMB2.9 billion to be second-largest shareholder of HOZON Auto

China’s cybersecurity service provider, 360 Security Technology Inc., released a notice stating the company’s plan to invest RMB2.9 billion ($451 million) in HOZON Auto, the Chinese startup owning the EV brand NETA.

Oct. 19 , 2021
GAC, NIO-linked HYCAN’s 2nd model Z03 hits market, starting at 132,800 yuan after incentives
GAC, NIO-linked HYCAN’s 2nd model Z03 hits market, starting at 132,800 yuan after incentives

HYCAN announced on October 18 its second mass-produced model, the Z03, formally hit the market with four trim levels offered. Post-subsidies prices range from 132,800 yuan ($22,670) to 168,800 yuan ($26,270).

Oct. 19 , 2021
Xiaomi Auto expects mass production in early 2024
Xiaomi Auto expects mass production in early 2024

Today, the chairman of Xiaomi, Lei Jun, disclosed that Xiaomi’s automaking progress has far surpassed his anticipations and mass production of vehicles will start in the first half of 2024.

Oct. 19 , 2021
First China-made Mustang Mach-Es roll off production line
First China-made Mustang Mach-Es roll off production line

Ford’s first batch of China-made Mustang Mach-Es rolled off the production line and was on track for delivery by the end of the year, the automaker announced today.

Oct. 18 , 2021
Gasgoo Daily: NIO Day 2021 to be held in December
Gasgoo Daily: NIO Day 2021 to be held in December

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.

Oct. 18 , 2021
Bosch China executive expects chip shortage to drag on to 2022
Bosch China executive expects chip shortage to drag on to 2022

During the 2021 China Auto Supply Chain Conference, the vice president of Bosch China, Jiang Jian, said the chip supply crunch expected to last through 2022 as chips carry increasingly significant weight with the auto intellectual transformation.

Oct. 18 , 2021