Gasgoo Daily: China’s daily PV retail volume in 3rd week sees YoY decrease

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.

Third week of Sept. daily retail volume increased 15% versus last month: CPCA

According to the CPCA, average daily vehicle retail volume during the third week of September was 43,000 vehicles, down by 14% year on year, but up 15% comparing to that of August. Cumulative retail volume of the first three weeks in September saw a decline of 13% year on year, but increased 8% versus the same period in August. Sales of NEVs surged, while stock of joint venture brands and luxury brands were significantly low. 

Chervon Auto plans to build new plant in Tianjin for RMB150 million

China’s auto parts supplier Chervon Auto revealed its plan to build a new production plant in Tianjin with a budget limit of RMB150 million from shareholders. The projected construction period is four months.

Changqing Machinery budgets RMB52.3 million for NEV auto parts project

Changqing Machinery Co. Ltd. plans to allocate RMB52.3 million to intellectualize its commercial vehicle parts production, and new energy vehicle light weight auto parts construction.   

Wolong Holding: ready to produce NEV motors for Vitesco Technologies

Wolong Holding Group stated, the company is close to produce electric motors for Vitesco Technologies under a RMB2.1 billion order.

NIO launches 75kWh standard-range hybrid-cell battery

NIO announced the launch of its 75kWh standard-range hybrid-cell battery on September 23. Vehicle models armed with the new battery are available for orders from 14:00 on the same day, and will be handed over to users from November 2021.

photo credit: NIO

HUAWEI: 20% of new cars in China will be autonomous vehicles in 2030

China’s telecom giant HUAWEI released the Intelligent World 2030 report, discussing the future and expectations of how intelligent technologies change the world in a decade.  

BYD registers Zhengzhou-based subsidiary for NEV, auto parts sales

Chinese automaker BYD recently established in Zhengzhou, the capital of Henan Province, a subsidiary whose business scope covers sales of new energy vehicles (NEVs), according to the business information provider Tianyancha.

Car and City: Aug. registrations of Wuling Hongguang MINIEV

In August 2021, the insurance registrations of the Wuling Hongguang MINIEV, a mini-sized all-electric car model of SAIC-GM-Wuling (SGMW), reached 32,817 units, rocketing 270.5% year on year, while also rising 8.7% month on month, according to the China Banking and Insurance Regulatory Commission (CBIRC).

Bosch, HYCAN unveil automated valet parking ecosystem

On September 22nd, Bosch and NIO-backed HYCAN auto brand unveiled their co-developed automated valet parking project, which will be loaded on HYCAN’s Z03, marking the automaker’s first attempt at adopting this technology on its mass-produced model.

General Motors invests $300 million in Momenta

General Motors announced a $300 million investment in China’s leading autonomous driving startup, Momenta, to push forward the development of next-generation autonomous driving technologies among future GM vehicle models in China.

Xpeng delivers 50,000 P7s in 15 months

China’s EV startup Xpeng delivered 50,000 vehicles of its intelligent sport-sedan, the P7, in fifteen months, shattering the record of Chinese startups’ single model delivery speed, according to the results released by the automaker today.

VW Group breaks ground on wholly-owned battery system factory in Hefei

On Sept. 23, Volkswagen Group (VW Group) celebrated the first spade cut for a battery system manufacturing factory in Hefei, the capital of Anhui Province, according to a press release from the German auto giant.

China’s Jan.-Aug. registrations of NEV-related firms exceed 100k

In the first 8 months of 2021, a total of 107,088 NEV (new energy vehicle)-related companies newly registered in China, posting a 137.8% year-on-year surge, according to the database query platform Qichacha.