Gasgoo Daily: Anhui aims to make 3 million vehicles per year by 2025

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 encourages NEV companies to consolidate

China’s new energy vehicle (NEV) companies should have a target to be bigger and stronger, Xiao Yaqing, Industry and Information Technology Minister said. There are too many NEV companies, small and scattered, so the government encourages companies to merger and reorganize through giving full play to the market’s role.

Onsemi raises product prices

Onsemi will raise prices for a significant portion of its portfolio from October 1 on, the supplier said in a letter to its clients on September 10, citing increasing costs in raw material, manufacturing and logistics.

Leapmotor to start delivery of C11

Customers can finalize the configuration of its Leapmotor C11 order between September 28 and October 10, before the deliveries start in October, Leapmotor said recently.

Photo credit: Leapmotor

Anhui aims to make 3 million vehicles per year by 2025

Anhui province aims to produce 3 million vehicles and export 600,000 vehicles per year by 2025, according to a document. New energy vehicles will account for over 40% of the province’s total production by that time.

Zeekr sets up new firm in Shanghai

Zeekr registered a new sales company in Shanghai with a registered capital of RMB10 million. The new company’s business covers insurance service and fast charging stations.

FAW VW delivers 3,516 ID. vehicles in August

In August, FAW Volkswagen (FAW VW), one of Volkswagen’s joint ventures in China, sold a total of 3,516 ID. vehicles. Here, the number refers to AAK retail sales, namely the deliveries to consumers.

Jinkang inks 5-year pact with CATL for power battery procurement

Chongqing Jinkang New Energy Automobile Co.,Ltd. (Jinkang), whose majority shareholder is Chongqing Sokon Industry Group Stock Co.,Ltd. (Sokon Group), struck a deal on Sept. 9 to purchase 10GWh power batteries per year from CATL, according to Sokon Group’s announcement.

Continental AG, NXP and GAC join hands to create intelligent connected products

Continental AG has formed a strategic partnership with GAC R&D Center and NXP Semiconductors to create a new generation of advanced intelligent connect products.

Xiaomi in talks with FAW Group, welcome to cooperate with Jilin companies

China’s smartphone maker Xiaomi held in-depth talks with FAW Group about their cooperation when its founder visited Jilin province last week and had a meeting with the province's officials.

NIO Capital invests in third-party SaaS charging platform YKC

YKC, a Chinese third-party charging service provider, has completed its Series B2 funding round, which was invested by NIO Capital, the investment arm of the EV startup NIO, according to a post on YKC's WeChat account.

Xiaomi said to adopt “dual-factory” model, acquire Borgward plant

Xiaomi EV may adopt a “dual factory” production model, people familiar with the matter told a local media outlet. On the one hand, Xiaomi hopes to promptly gain production capacity and related certifications by acquisition. Meanwhile, it plans to build its own plant in a second location for stable production capacity.

China resolves to improve capability of auto chip supply

China will make greater efforts to strengthen the coordination and precise connection of supply chain, in a bid to comprehensively improve the supply capability of automotive chips and ensure a stable and sound development of the automotive industry, Tian Yulong, Spokesman of China's Ministry of Industry and Information Technology (MIIT), said at a press conference on Monday.