Gasgoo Daily: CATL sets up 4 firms in Shanghai within 3 months
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.
CATL sets up 4 firms in Shanghai within 3 months
On August 23, CATL set up a new energy technology company in Shanghai with a registered capital of RMB100 million. The company’s business covers new energy technology, technology service, development and consulting in automotive industry. From May to August, the battery maker has set up 4 new companies in Shanghai.
Production volume of 11 OEMs down 34.3% YoY in first 20 days of August
In the first twenty days of this month, 11 main automakers in China produced a total of 707,000 vehicles, down 34.3% year on year. The production volume of these automakers’ passenger vehicles declined 28.9% from a year ago while that of commercial vehicles dropped 44.1% year on year.
MIIT to improve power battery recycling system
China’s Ministry of Industry and Information Technology will further improve the management system for recycling and utilization of vehicle power batteries, and accelerate the release of urgently needed national standards for such segments as echelon utilization requirements, product identification and discharge specifications.
SAIC unveils new patent about automatic parking
Recently, SAIC Group unveiled a new technology patent which was named an automatic parking control method and system. The technology can help vehicles find parking space.
Desay SV H1 net profit up 61.01%
In the first half of this year, Desay SV’s revenue jumped 57.25% from a year ago to RMB4.083 billion while the net profit of the period increased by 61.01% year on year to RMB370 million.
Photo credit: Desay SV
Dongfeng Peugeot Citroën Automobile Company Ltd. (DPCA), a passenger vehicle (PV) manufacturing joint venture between Dongfeng Motor Corporation and Groupe PSA, said its year-to-date auto sales amounted to 50,277 units as of August 23, soaring 75% from a year earlier and exceeding the full-year volume of last year.
Changan Mazda, currently a 50/50 joint venture between Chongqing Changan Automobile Co., Ltd. (Changan Auto) and Mazda Motor Corporation (Mazda), will be restructured by introducing FAW Group as a new investor, signifying the final solution to the long-rumored combination of Mazda's two Chinese joint ventures.
Led by Beijing, the Beijing-Tianjin-Hebei hydrogen fuel cell vehicle (FCV) pilot city cluster has become one of the first FCV demonstration conurbations in China, according to the Beijing Municipal Finance Bureau.
Changan Auto aims to sell 3 million vehicles in 2025, 35% of which will be new energy vehicles (NEVs), the automaker announced on Tuesday at its 2021 Tech Ecosystem Summit. By 2030, Changan’s annual sales are expected to reach 4.5 million vehicles and NEVs will account for 60% of the total volume.
Haima Motor’s revenue in the first half of this year jumped 48.35% from a year ago to RMB926 million ($143 million) and the net loss attributable to shareholders of the listed company dropped from RMB173 million ($26.7 million) to RMB83.04 million ($12.8 million), the company announced in a statement. The basic losses per share was RMB0.0505.
XPeng Inc. (XPeng) began shipping its P7 sports sedans to Europe on August 24, according to a local media outlet, marking the company's ambition to expand globally.
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