Gasgoo Daily: Meituan Dache’s affiliate firm sets up subsidiary in Beijing
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.
Meituan Dache's affiliate firm sets up subsidiary in Beijing
Photo credit: Meituan Dache
Shanghai Lutuan Technology Co.,Ltd., an affiliated company of Meituan-Dianping's ride-hailing arm Meituan Dache, established a wholly-owned subsidiary in Beijing on Oct. 19, according to Tianyancha. Dubbed Beijing Lutuan Technology, the subsidiary involves a registered capital of 5 million yuan ($781,670). It has a business scope covering car rental service and the operation of ride-hailing service and road passenger transport.
New Volvo XC90 hits market
The new Volvo XC90 flagship SUV went on sale on Oct. 20. Offered in six trim levels, the new model features a guiding price range of 638,900 yuan ($99,880) to 894,900 yuan ($139,900).
Changan CS75 Blue Whale goes on sales, starting at 103,900 yuan
The Changan CS75 Blue Whale version hit the market on Oct. 20, carrying a 1.5-liter four-cylinder turbocharged engine of the “Blue Whale” engine series. It came with three trim levels, which are priced between 103,900 yuan ($16,240) and 119,900 yuan ($18,740).
China's tech company Huawei and global automobile company Volkswagen Group (VW) plans to establish a joint venture to develop autonomous driving technologies, local media outlet 36kr reported citing several sources.
XPeng's first sedan model P5 rolls off assembly line, scale delivery to start in late Oct.
The XPeng P5, the third mass-produced model and first sedan model of XPeng Inc., rolled off the production line at XPeng’s car plant in Zhaoqing on Oct. 20, the startup announced via its twitter-like Weibo account. The scale car delivery will begin at the end of October.
NIO to introduce distributed photovoltaic power plants for battery swap stations
On Oct. 19, NIO formed a strategic partnership with Unisun Energy, a Chinese leading clean energy solutions provider, to turn its battery swapping stations into distributed photovoltaic power plants, according to a post on Unisun Energy's WeChat account.
NavInfo-incubated Sixents forms partnership with data company INTEST
China's localization solutions provider Sixents recently signed a strategic agreement with data service company INTEST to offer better service in the autonomous driving and connected vehicle territory.
BMW China to acquire manufacturing unit of Brilliance Auto
BMW China Investment Ltd. (BMW China) has signed agreement with Brilliance China Automotive Holdings Ltd. (Brilliance Auto) to acquire Brilliance Motor Co., Ltd., a manufacturing unit of the Chinese group, according to an announcement of the Anti-Monopoly Bureau of China’s State Administration for Market Regulation.
BAIC Group inks agreement with China's veteran IT firm Inspur
BAIC Group entered into a strategic agreement with China's leading cloud computing service provider, Inspur, to realize digitalization among the auto group.
China-made Volkswagen ID.3 to hit market on Oct. 22
The China-made Volkswagen ID.3, the third model of Volkswagen's ID. series introduced to the world’s largest auto market, will hit the market on Oct. 22, according to SAIC Volkswagen.
Hesai, QCraft deepen cooperation to explore scale application of autonomous mobility
China's advanced LiDAR developer Hesai Technology inked a strategic agreement with the autonomous driving solutions provider QCraft on top of their existing cooperation.
China's daily auto sales increase MoM in 1st half this month: CPCA
In the first two weeks of October, China’s auto industry witnessed a month-on-month growth in daily vehicle retail sales according to the China Passenger Car Association (CPCA).
For the retail performance, during the first week this month, daily averaged sales volume notched down 3% year on year, but up 8% from the same week in September to 35,000 vehicles.
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