Gasgoo Daily: Evergrande NEV company increases registered capital

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.

Evergrande NEV company increases registered capital

Evergrande New Energy Vehicle Investment Holding Group Co. LTD., established in January, 2019, increased its registered capital by 24.81% to $2.515 billion.

Photo credit: Hengchi

CATL sets up new energy company in Suzhou

Chinese battery maker CATL officially established an energy company in Suzhou with a registered capital of RMB2.5 billion. The company’s business covers battery manufacturing and sales of advanced power electronics.

China’s hydrogen refueling stations network needs planning in advance

Miao Wei, former minister of Information and Industry Technology (MIIT) said the biggest challenge for applying the fuel cell technology in mid-large long-distance commercial vehicle segment is the network of hydrogen refueling stations, which needs planning in advance.

King Long September sales down slightly

Xiamen King Long United Automotive Industry Co., Ltd., produced 4,318 buses in September, a slight increase of 0.63% from a year ago while its monthly bus sales fell 0.12% year on year to 4,295 vehicles.

Honda Motor posts 28.1% YoY dip in Sept. China deliveries

Last month, Honda Motor Co.,Ltd. (hereinafter referred to as “Honda”) saw its China deliveries slump 28.1% from a year ago to 121,448 units, the Japanese automaker said on Monday.

Geely Auto achieves 60% of 2021's sales goal in first three quarters

Geely Auto announced on Monday the new vehicle sales reached 921,796 units for the first three quarters of 2021, rising 5% from the previous year and fulfilling 60% of the Group's annual sales target of 1.53 million units.

Nissan Motor China sales continue to decrease YoY

In September, Nissan Motor sold 104,443 passenger and commercial vehicles in China, dropping 26.2% year on year. The company attributed it to external factors such as the pandemic, the chip shortage, the slowing down of the economy, and the fierce competition among the light commercial vehicles field.

Asensing finishes C-round investment

China’s intelligent driving MEMS solution provider, Guangzhou Asensing Technology Co., Ltd. (Asensing), announced the completion of its C-round of financing led by Sequoia Capital China.

SemiDrive joins hands with Neusoft for smart cockpit development

China’s automotive SoC developer, Nanjing SemiDrive Technology Ltd. (SemiDrive), has formed a strategic agreement with Neusoft, China’s leading software company for new-generation intelligent cockpit development.

SVOLT to pour 15 billion yuan in 40GWh NEV battery project in Changzhou

SVOLT Energy Technology Co., Ltd. (SVOLT), a leading Chinese battery manufacturer carved out of Great Wall Motor (GWM), entered into a cooperation agreement with the government of Jintan District, Changzhou City for a power battery manufacturing project, SVOLT announced via its WeChat account.

XPeng’s 100,000th vehicle rolls off production line

China’s smart electric vehicle company XPeng celebrated the production of its 100,000th vehicle today, marking another new milestone for the company after it hit the 10,000-unit monthly delivery milestone in September.

ARCFOX opens first direct delivery center in Beijing

ARCFOX witnessed the grand opening of its first direct distribution center in Beijing, also the 78th delivery center in the country, signifying the automaker’s crucial step towards an innovative distribution and service layout.