Gasgoo Daily: Geely launches industrial internet platform

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.

Geely launches industrial internet platform

Today, Chinese automaker Geely launched its industrial internet platform Geega, the first one in China’s automotive industry. The platform will introduce five solutions to provide digital transformation services for the whole industry.

Photo credit: Geely

FAW Group, Wanda enter into cooperation

China’s FAW Group and Wanda Group signed a strategic cooperation agreement to create automotive service ecosystem. Both parties will make innovations in brand marketing, channel expansion and cross-border cooperation.

Photo credit: FAW Group

Shanghai H1 NEV production volume surges 220% YoY

In the first half of this year, Shanghai produced a total of 228,000 new energy vehicles (NEVs), representing a year-on-year increase of 220% and accounting for one sixth of China’s total NEV production volume in the period.  

Daily production of Tesla Model Y reaches 1,000 units

Tesla is reportedly producing 1,000 Model Y units per day in its plant in Shanghai.

XPeng sets up sales company in Nanning

XPeng set up a new sales company in Nanning, the capital and largest city by population of the Guangxi Zhuang Autonomous Region with a registered capital of RMB 10 million.

Yutong’s H1 net profit up 130% YoY

Yutong Bus had a net profit of RMB145 million in the first half, surging 130.01% year on year, but had a loss of RMB99.25 million after deducting non-recurring gains and losses.

Changan’s Avatar to add new investors for expansion of NEV business

Avatar Technology, a subsidiary of Chongqing Changan Automobile Co.,Ltd. (Changan Auto), plans to add 2 to 5 new investors for capital increase and share enlargement, the automaker said in an announcement. And an IPO is also an option for Avatar.

BYD Semiconductor IPO plan halted due to probe into advisory law firm

BYD's plan to list its semiconductor unit has been suspended due to a regulatory investigation into the adviser to the proposed initial public offering (IPO), according to Shenzhen Stock Exchange's ChiNext Market.

HOZON Auto achieves 60,000-unit production volume milestone

HOZON Auto, a Chinese startup having the EV brand “NETA”, saw its 60,000th new vehicle roll off the assembly line on August 21 at the Tongxiang-based factory, only three and a half months after the birth of the 40,000th one.

Huawei teams up with Joyson Electronics’ subsidiary for smart cockpit R&D

Huawei Technologies Co.,Ltd. and JOYNEXT, the smart vehicle solutions arm of the Chinese automotive component supplier Ningbo Joyson Electronics, recently entered into a cooperation agreement to co-work on R&D and innovation of intelligent automotive cockpit, according to a press release from JOYNEXT.

BMW, State Grid EV Service step up cooperation on charging tech R&D, service promotion

BMW Group and State Grid Electric Vehicle Service Co., Ltd. (State Grid EV Service) announced in recent days they have cemented their collaboration on the promotion of charging services & products and new energy vehicle (NEV)-used electric power, and the R&D and innovation of charging technologies.

XPeng P7’s cumulative outputs amount to 50,000 units

XPeng announced via its WeChat account the 50,000th P7 sports sedan officially came off the assembly line on August 23 at XPeng's Zhaoqing plant.