Gasgoo Daily: Chery teases 2022 Big Ant ahead of launching

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.

Chery teases 2022 Big Ant ahead of launching

Chery showed some pictures of the 2022 Big Ant, a battery electric mid-size SUV, today. The new model will hit the market on Oct. 28.

Photo credit: Chery New Energy

Yutong Bus Q3 profit jumps 24.8% YoY

Net profit of Yutong Bus grew by 24.8% from a year earlier to RMB117 million in the third quarter. For the first three quarters, the company’s net profit jumped 67.17% year on year to RMB261 million.

QCraft launches China-first 5G ride-hailing Robobus on open streets

China’s autonomous driving solutions developer QCraft has recently started the normal operation of three bus routes using its 5G autonomous Robobus that are open to the public in the CBD area of Wuxi City.

Toyota’s two joint ventures in China to sell CV-dedicated fuel cell system

United Fuel Cell System R&D (Beijing) Co., Ltd. (FCRD) and Toyota SinoHytec Fuel Cell Co.,Ltd. (FCTS), two Beijing-based joint ventures of Toyota Motor Corporation, are about to sell the “TL Power 100” fuel cell system that is developed and produced for commercial vehicles (CVs), the first-of-its-kind in China, SinoHytec, who is also a shareholder of both FCRD and FCTS, announced on Oct. 26 via its WeChat account.

FAW-Dongfeng-Changan ride-hailing platform T3 Mobility bags 7.7 billion yuan in Series A round

T3 Mobility, the mobility service platform co-built by FAW Group, Dongfeng Motor, and Changan Automobile, said on Oct. 26 it has nabbed 7.7 billion yuan ($1.206 billion) in the Series A funding, the largest volume ever raised by a ride-hailing service company in China since 2018.

BYD permitted by HKEX to hive off BYD Semiconductor for A-share listing

Hong Kong Stock Exchange (HKEX) confirmed on Oct. 22 that BYD Company Limited (called “BYD” or “the Company” for short) may proceed with the spin-off and separate listing of its non-wholly-owned subsidiary BYD Semiconductor Company Limited (“BYD Semiconductor”), BYD announced on Monday.

Horizon Robotics, SAIC Z-ONE cooperate in intelligent driving solutions development

China’s AI chip developer Horizon Robotics has joined hands with SAIC Motor’s software arm SAIC Z-ONE to explore new-generation automobile architecture and intelligent driving computing solutions.

360 Security completes signing of agreements about investment in HOZON Auto

Chinese Internet security giant 360 Security Technology Inc. (called “360 Security” for short) on Oct. 25 announced the latest progress in its investment in the Chinese new electric vehicle (NEV) startup HOZON Auto, which owns the EV brand NETA.