Gasgoo Daily: China's MIIT starts battery swapping pilot project

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.

MIIT starts battery swapping pilot project

China’s Ministry of Industry and Information Technology (MIIT) decided to start the pilot scheme of battery swapping application in new energy vehicle segment. The work will start in 13 cities of China, including Beijing, Nanjing, Wuhan, Sanya, Chongqing, Changchun, Hefei, Jinan, Yibin, Tangshan and Baotou.  

VOYAH to debut first MPV model

VOYAH, the premium new electric vehicle (NEV) brand of Dongfeng Motor, is going to unveil its first MPV model at the 2021 Guangzhou Motor Show.

Photo credit: Dongfeng Motor

Iconiq obtains 20,000 orders

Chinese electric vehicle start-up Iconiq Motors received 20,000 vehicles and plans to enter into the Southeast Asian market.

King Long reports quarterly loss

King Long Motor Group reported a loss of RMB135 million in the third quarter while the loss of the first three quarters were RMB298 million.

BYD logs 27.5% YoY drop in Q3 net profit

BYD Company Limited (BYD) announced on Thursday its revenues for the third quarter reached roughly 54.3 billion yuan ($8.487 billion), jumping 21.98% from the previous year. However, the Jul.-Sept. net profit attributable to shareholders tumbled 27.5% year on year to about 1.27 billion yuan.

CATL boasts over 130% YoY surge in both Q3 revenues, net profit

CATL announced on Wednesday it earned 29.287 billion yuan ($4.578 billion) of revenues for the third quarter of 2021 (the reporting period), representing a 130.74% year-on-year hike.

XPeng P7’s Norwegian version starts at NOK 447,820

The P7 is XPENG's second model for the Norwegian market, following the delivery of the G3 smart SUV. According to the automaker, the Norwegian-spec P7 is available in rear-wheel drive (RWD) super long range and all-wheel drive (AWD) high-performance versions, whose retail prices start at NOK 447,820 (around $53,060) and NOK 507,820 (around $60,170) respectively.

HOZON Auto nets 4 billion yuan in D1 funding round

HOZON Auto, the owner of EV brand NETA, has nabbed 4 billion yuan ($625.322 million) in its D1 funding round. The newly-closed financing round was led by Chinese Internet safety giant 360 Security, who plowed 2 billion yuan ($312.661 million), and involved the participation of CCB International, CITIC Securities, GF Venture Capital, as well as a new energy industrial fund under Shenwan Hongyuan Securities (H.K.) Limited.

Li Auto’s 100,000th vehicle rolls off production line

China’s new energy vehicle (NEV) innovator Li Auto celebrated its production of 100,000th vehicle today at its Changzhou production base in Jiangsu province.