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.
ECARX Receives Strategic Investment from Geely Holding
• Who: ECARX, a mobility technology company; Geely Investment Holding Limited Company (Geely Holding).
• What: Geely Holding made a strategic equity investment in ECARX through a share subscription.
• When: The share subscription agreement was signed on January 8, 2026.
• How Much / Terms:
▪ Geely Holding will subscribe to 27,297,002 newly issued Class A ordinary shares of ECARX.
▪ The subscription price is USD 1.67 per share, for a total investment of USD 45.6 million.
▪ Shares acquired through the private placement are subject to a six-month lock-up period, with certain exceptions.
• Purpose / Why:
▪ ECARX plans to use the proceeds to accelerate the R&D and commercialization of advanced intelligent automotive software and hardware solutions.
▪ The funds will also support large-scale deployment of its technologies and products, drive global business growth, strengthen the company's financial foundation, and improve liquidity.
GigaDevice and Chery Automobile Form Strategic Partnership
• Who: GigaDevice (a fabless semiconductor company); Chery Automobile.
• What: The two parties signed a strategic cooperation agreement to establish a long-term strategic partnership.
• When: The agreement was announced on January 12.
• Focus / How:
▪ The partnership targets deep collaboration across the entire value chain of automotive chips.
▪ Cooperation will center on automotive-grade chips and next-generation electronic and electrical (E/E) architectures.
• Roles:
▪ GigaDevice will leverage its technological leadership and mass-production capabilities in memory, microcontrollers (MCUs), and peripheral chips to supply Chery with high-performance, high-reliability automotive-grade chip solutions.
▪ Chery Automobile will contribute its strengths in vehicle platform development, system integration, and market insight, providing input for chip top-level design, precise definition, performance optimization, and vehicle-level validation.
• Goal / Why:
▪ To jointly develop next-generation intelligent vehicle system solutions for the AI era and support the intelligent transformation of China's automotive industry.
Pony.ai and BAIC BJEV Deepen Strategic Cooperation
• Who: Pony.ai; BAIC BJEV.
• What: The two companies reached a comprehensive agreement to deepen their strategic partnership, entering Phase 2.0 of cooperation.
• When: The announcement was made on January 10.
• Basis / How:
▪ The expanded cooperation builds on their successful experience in the mass production and operation of L4-level Robotaxis.
▪ The partnership aims to broaden and deepen collaboration with a focus on the mass production, commercialization, and globalization of autonomous driving.
• Framework:
▪ The cooperation is structured around five pillars: joint product development, joint market expansion, integrated industrial collaboration, ecosystem co-building, and capital integration.
• Goal / Why:
▪ To extend the proven L4 Robotaxi model to multiple dimensions including products, technology, and markets, and to establish a benchmark partnership for China's intelligent driving industry through long-term collaboration across the industrial chain, ecosystem, and capital integration.
