Gasgoo Daily: China's PV retail sales likely to drop 9% YoY in August

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.

China's PV retail sales likely to drop 9% YoY in August

The retail sales of passenger vehicles in China may drop 9% year on year to 1.55 million vehicles in August, according to the China Passenger Car Association.

Geely publicizes autonomous related patent application

Zhejiang Geely Holding made public a patent application which is about a control method and system for autonomous vehicles. The application was made in June, this year.

FAW speeds deployment of intelligent vehicles

To accelerate the pilot operation of Hongqi’s autonomous vehicles, FAW Group is speeding the development and operation deployment of Hongqi’s intelligent vehicles and will deploy 100 intelligent vehicles for operation.

Photo credit: FAW Group

Zeekr related company increases registered capital

The registered capital of Zhejiang Zeekr Intelligent Technology Co., Ltd. increased from $49.99 million (about RMB320 million) to RMB2 billion.

RoboSense starts to deliver RS-LiDAR-M1 to American automaker

RoboSense started to deliver its second RS-LiDAR-M1 lidars to an American new energy vehicle manufacturer. The company has delivered more than 10 batches of RS-LiDAR-M1 lidars to customers.

Great Wall Motor targets annual capacity of 100,000 vehicles in Brazil

Great Wall Motor (GWM), one of China’s top SUV and pickup manufacturers, has entered into agreement with Mercedes Benz to buy a factory in Brazil from the Germany automaker, the Chinese company announced on Wednesday.

CATL signs agreement to build manufacturing base in Shanghai

On August 18, CATL signed a strategic cooperation framework agreement with Shanghai municipal government to set up a high-end manufacturing base in the megacity, the Chinese power battery giant announced via its WeChat account.

FABU.AI secures 100 million yuan in Series B+ funding

FABU.AI, a Chinese autonomous driving startup, announced on August 19 it has banked 100 million yuan ($15.438 million) in Series B+ funding round from Cowin Capital and DYEE Capital. The proceeds will be used for the deployment of the company's car-road-cloud integrated solution in more scenarios like port transportation and city shuttle service.

China’s MOFCOM encourages greater facilitation for NEV promotion in charging, parking

Local governments in China are encouraged to further facilitate the promotion of new energy vehicles (NEVs) in charging, traffic management, parking, and other links, Gao Feng, spokesperson of China's Ministry of Commerce (MOFCOM), said on August 19.