Gasgoo Daily: Hon Hai sets up EV plants in U.S.

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

Hon Hai sets up EV plants in U.S.

Young Liu, chairman of Hon Hai Technology Group, said his group will build electric vehicle plants in several regions of the United States.

NIO, CATL talk about battery reply

William Li, founder of NIO, said that next year will see battery demand increase and treat CATL as the most important partners. Both parties are talking about battery supply.

BMW Brilliance makes 100,000th battery

The 100,000th power battery of BMW Brilliance rolled off production line recently and will be used in a BMW iX3.

AIWAYS, Hesai co-work on Lidar

Chinese new energy vehicle startup AIWAYS signed strategic agreement with Hesai Tech to promote the development and application of Lidars.

China urges ICV developers to step up management of data safety, cybersecurity

The Chinese government has required greater efforts to reinforce the management of data security, cybersecurity, software upgrade, and functional safety related to intelligent-connected vehicles (ICVs), according to a document issued by China's Ministry of Industry and Information Technology (MIIT).

Li Auto starts trading shares in Hong Kong

Li Auto’s shares started trading on Hong Kong Stock Exchange on Thursday with an IPO price of HK$118 per share. The share ended the day with a closing price of HK$117, down 0.85% from the IPO price.

Tesla made-in-China Model Y gets five new versions included MIIT’s catalogue

Five new variants of Telsa's China-made Model Y have been brought into the catalogue of new energy vehicle (NEV) models exempt from vehicle purchase tax recently launched by China's Ministry of Industry and Information Technology (MIIT).

NIO to tap mass market by launching all-new brand

NIO, a high-profile Chinese EV startup, has moved faster on its preparations to make mass-market products under an fire new brand, William Bin Lin, NIO's founder, chairman, and CEO, said at the earnings call after the company's Q2 financial results were published on Wednesday.

NIO Inc. Reports Unaudited Second Quarter 2021 Financial Results

NIO’s total revenues were RMB8,448.0 million (US$1,308.4 million) in the second quarter of 2021, representing an increase of 127.2% from the second quarter of 2020 and an increase of 5.8% from the first quarter of 2021.