Gasgoo Daily: Xiaomi Automobile’s sole shareholder changed

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Xiaomi Automobile's sole shareholder changed

Photo credit: Xiaomi

According to the business data provider Tianyancha, the sole shareholder of Xiaomi Automobile Co.,Ltd., the electric vehicle unit of the smartphone giant Xiaomi, has changed to the HK-registered Xiaomi EV Limited from Xiaomi Communications Co., Ltd.

Great Wall Motor launches ‘GWM’ brand in Laos

Chinese automaker Great Wall Motor announced on Oct. 19 the launch of the car brand “GWM” in Laos with the sales of the third-generation Haval H6, the Haval Jolion, and the Great Wall POER beginning there at the same time.

China's MIIT soliciting public opinions for guidelines about NEV safety system construction

China's Ministry of Industry and Information Technology is soliciting public opinions for the guidelines about further strengthening the construction of new energy vehicle safety system. According to the draft document, NEV manufacturers should timely re-evaluate the qualification of their suppliers. Besides, core auto parts suppliers are encouraged to open requisite data and agreements about product safety and quality analysis.

MIIT's official says auto chip crunch expected to ease in Q4 compared to Q3

Chinese auto industry is still significantly affected by the chip supply constrain, while the problem is expected to ease in the fourth quarter compared to the third quarter, Luo Junjie, spokesman with the MIIT, said on Oct. 19 at a press conference.

Horizon Robotics partners with Trunk.Tech for autonomous truck commercialization

China's AI technology developer, Horizon Robotics, has partnered up with autonomous truck service provider Trunk.Tech to accelerate mass production of automated commercial vehicles.

Baidu Apollo introduces two new models based on WM W6

Baidu Apollo unveiled two new mass-produced vehicle models built on auto startup WM Motor’s W6, a new-generation Apollo Moon, and a model powered by Baidu intelligent driving and parking technologies.

XPeng's flying car firm banks $500 mln in Series A funding

HT Aero, the electric flying car company owned by XPeng Motors, announced on Oct. 19 it nabbed over $500 million in the Series A funding round, which will value it at more than $1 billion.

Geely Automobile intends to acquire another 10% shares in ZEEKR

Geely Automobile Holdings Limited (“Geely Auto” or “the Company”) entered into a framework agreement with Geely Group Limited (“Geely Group”) on Oct. 18 for the proposal to acquire from the latter 220 million shares of ZEEKR, which represented around 10% of ZEEKR's shares issued as of the agreement signing date, according to Geely Auto's announcement.

Qihoo 360 to invest RMB2.9 billion to be second-largest shareholder of HOZON Auto

China's cybersecurity service provider, Qihoo 360 (360), released a notice stating the company’s plan to invest RMB2.9 billion ($451 million) in HOZON Auto, the Chinese startup owning the EV brand NETA.

GAC, NIO-linked HYCAN's 2nd model Z03 hits market, starting at 132,800 yuan after incentives

HYCAN, a Chinese EV innovator backed by GAC Group and NIO, announced on October 18 its second mass-produced model, the Z03, formally hit the market with four trim levels offered. Post-subsidies prices range from 132,800 yuan ($22,670) to 168,800 yuan ($26,270).

Xiaomi Auto expects mass production in early 2024

On Oct. 19, the chairman of Xiaomi, Lei Jun, disclosed that Xiaomi's automaking progress has far surpassed his anticipations and mass production of vehicles will start in the first half of 2024.

Geely's ZEEKR sees first production model 001 leave assembly line

On Oct. 19, the first mass-produced ZEEKR 001 rolled off the production line at ZEEKR's Ningbo-based plant, meaning the Geely-owned premium electric vehicle (EV) brand has started the volume production of its first vehicle model. Delivery of the ZEEKR 001 will kick off on Oct. 23, according to the automaker.