Gasgoo Daily: NIO has completed 4 million battery swaps

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.

NIO reaches milestone of 500 battery swapping stations 

By September 29, China’s new energy vehicle startup NIO has a total of 504 battery swapping stations, one quarter ahead of its target to reach 500 by the end of 2020. Besides, the company has completed more than 4 million battery swaps by September 29, about 30 swaps per user. The highest number of battery swaps for a single vehicle is 927. NIO aims to have a total of 700 battery swapping stations before the Chinese New Year Holiday in 2022.

Photo credit: NIO 

Daily retail of Passenger Vehicles in China down 8% YoY in fourth week of September

According to the China Passenger Car Association, the average daily retail volume of passenger vehicles in China saw a year-on-year decline of 8% in the fourth week of September to 61,000 vehicles.

SAIC sets up automotive technology company

China’s largest automaker SAIC Group officially established an automotive technology company on September 28 with a registered capital pf RMB227 million. The company’s business covers technology service, development, consulting.

Hongqi launches three 2022 models

On September 28, Hongqi, luxury brand from China’s FAW Group, launched three 2022 models, namely the 2022 Hongqi H5, the 2022 Hongqi HS5 and the 2022 Hongqi HS7. The models have fewer changes in appearance and interior, but their configuration has been upgraded, like the latest operating system.

 SAIC Motor’s Ningde plant reaches annual capacity of 240,000 PVs

SAIC Motor's car assembly plant in Ningde, Fujian province is currently able to output 240,000 new vehicles per year and its annual capacity can peak at 300,000 units, the automaker said when celebrated the 2nd anniversary for the factory's production commencement.

Leapmotor’s C11 full-electric SUV hits market, starting at 159,800 yuan

The C11, the third production model of the Chinese NEV startup Leapmotor, went on sale on Sept. 28. Coming with three trim levels, it is priced between 159,800 yuan ($24,710) and 199,800 yuan ($30,890) after incentives.

Chinese battery swapping service provider Aulton nabs 1.5 billion yuan

Aulton, a Chinese leading battery swapping station provider, announced on Sept. 29 it banked 1.5 billion yuan ($232 million) in the Series B financing.

FAW Jiefang eyes 500,000 units of annual NEV sales by 2035

FAW Jiefang, the commercial vehicle arm of FAW Group, said it expects its annual new energy vehicle (NEV) sales to reach 120,000, 320,000, and 500,000 units in the year of 2025, 2030, and 2035 respectively, accounting for 20%, 50% and 70% of the company's total sales.