Gasgoo Daily: Tesla Shanghai plant expected to produce 450,000 vehicles this year
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.
Daily PV sales in second week down by 17%
In China, the average daily retail sales of passenger vehicles in the second week of August declined 17% year on year to 36,158 vehicles. The daily sales of the first two weeks decreased 9% from a year ago to 33,311 vehicles.
Geely to launch global power brand
Geely Auto plans to launch global power brand to build its GHS2.0 intelligent hybrid system. The system will be applied to over 10 new models within 3 years.
Chengdu aims to have 3000 battery swapping stations by end of 2025
Chengdu will encourage the building of battery swapping stations. It aims to have a total of 1200 battery swapping stations and 58,000 charging piles by the end of 2021 and 3000 swapping stations and 160,000 charging piles by the end of 2025.
FAW VW Audi suspends production of several models
FAW VW Audi suspended the production of the Audi B9 (the Audi A4L) and the Q5L PA from August 12 and August 13 respectively, citing automotive chip shortage. The production line of the C8 (the Audi A6L) will start production from August 25.
Tesla Shanghai plant expected to produce 450,000 vehicles this year
The vehicle production volume of Lin-gang Special Area, Shanghai is expected to exceed 600,000 vehicles while its export will be over 100,000 vehicles. Tesla’s Shanghai plant in this area is expected to produce 450,000 vehicles in 2021 while the export of the factory will be 66,100 vehicles. 90% parts of the vehicles made in Tesla Shanghai plant will be supplied by local plants.
Photo credit: Tesla
Baidu unveiled its first robocar today at Baidu World 2021, its annual flagship technology conference. The robocar has no steering wheel as the tech giant envisions that future vehicles will be more like robots.
Geely Auto sees H1 2021 net profit rise 4% YoY
Geely Automobile Holdings Limited (called "Geely Auto" or "the Company") gained 45.032 billion yuan ($6.952 billion) of revenue in the first half of 2021 (H1 2021), representing 22% year-on-year growth. The semi-annual profit attributable to the Company's equity holders climbed 4% to 2.381 billion ($367.607 million).
Neolix closes B round financing led by SoftBank Ventures Asia
Neolix Autonomous Vehicle (called Neolix for short), a driverless delivery vehicle startup in China, has raised hundreds of millions of yuan in the series B fundraising, the company announced on August 18.
XPeng starts construction of Zhaoqing plant’s 2nd phase
On August 18, XPeng broke ground on the second phase of its new energy vehicle (NEV) plant in Zhaoqing, Guangdong province, as the NEV startup is striving to ramp up its production capacity to meet the fast-growing market demands.
Leapmotor nabs 4.5 billion yuan in new financing round
Chinese EV startup Leapmotor announced on August 18 it has closed a new funding round with 4.5 billion yuan ($694.723 million) raised.
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