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 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
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.
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.
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).
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 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.
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.
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.
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.
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