Gasgoo Daily: Nullmax finishes new financing round

With Gasgoo Daily Autonews, 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.

Geely denies to participate in reorganization of Zotye

Geely did not participate in the reorganization of Zotye Auto, the automaker said as a response to the rumor that Geely Holding takes part in the reforming of Zotye Auto.

JAC actively researching fuel cell battery

JAC Motors said it is actively researching fuel cell battery. The company is trying to make strategic transformation to smart cars and smart electric vehicles.

Nullmax finishes new financing round

Chinese technology company Nullmax announced it had raised over RMB100 million in A1 financing round, led by FutureX Capital. The money will be used for the mass production of its products and enlarge its product portfolio to gain more market shares.

Svolt’s production base in Huzhou start construction

Construction of Svolt’s battery production base in Huzhou of Zhejiang province has started. The base, with a total investment of RMB5.6 billion, is expected to have an annual production capacity of 15GWh.   

New Geely Coolray comes into market

The new Coolray from Geely came into the market on August 14. The new model offers 6 versions with a price ranging from RMB75,800 to RMB 119,800.

Haima to focus on fuel cell vehicle business

Haima Motor has completed the development of the prototype car of its first fuel cell vehicle and it is developing its third-generation fuel cell vehicles as the company’s strategic deployment turned to focus on hydrogen vehicles, the company said. Besides, the company will deploy about 2,000 fuel cell vehicles by 2025 for pilot operation.

QCraft raises $100 million in series A+ funding

Chinese autonomous driving startup Qcraft announced on Monday it closed the series A+ financing round with $100 million raised. The latest funding was led by Yunfeng Capital and Genesis Capital, and also attracted such financing institutes as Longzhu Capital, the venture capital arm of Chinese online-to-offline giant Meituan, and IDG Capital, one of Qcraft's existing investors.

Xiaomi’s auto business said to be headquartered in Beijing

Xiaomi’s auto business will be headquartered in Beijing where it will set up its first factory, according to local media outlet Auto Business Review.

BAIC BJEV July sales see YoY increase

BAIC BJEV’s monthly production volume continued to see a decrease compared with the same month of last year, but its monthly sales’ year-on-year change turned positive, according to its monthly sales report.

Tesla reaches 7,000 Superchager installs in Chinese mainland

Tesla launched its 7,000th Superchargers in Chinese mainland on August 14, the U.S. EV manufacturer announced via its Weibo account, a twitter-like social media platform in China, around seven years after the first China-dedicated one was built in Shanghai.