Gasgoo Daily:Tesla’s new financial plan makes zero down payment possible

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.

Tesla’s new financial plan makes zero down payment possible

Tesla now offers a “zero down payment” financial plan for consumers in China, allowing customers to drive home a Tesla with nothing paid upfront.

Photo credit: Tesla

XPeng sets up new company in Xi’an

XPeng established a Xi’an Zhipeng Automobile Sales Co., Ltd with RMB5 million registered capital. The new company’s business scopes include new energy vehicle sales, auto parts retail & wholesale, charging station sales and tire sales.

Geely-backed company increases registered capital

One of Geely-associated companies specialized in auto transmission manufacturing, the Geely Changxing Automatic Transmission Co., Ltd. recently increased its registered capital from RMB150 million ($23.42 million) to RMB200 million ($31.23 million), according to corporate information database Tianyancha.

Baidu’s JiDU Auto sets up new company in Shanghai

Baidu-Geely-backed JiDU Auto established a new company named Shanghai JiDU automobile Co.,Ltd., with a roughly $310 million registered capital. The new company is fully controlled by JIDU Auto (Hong Kong) Limited.

Lynk&Co’s 01 PHEV Plus hits the market

The new 01 PHEV Plus from Geely’s Lynk & Co brand went on sale today, priced at RMB197,700 ($30,867), with 81 kilometers of battery powered NEDC, and over 800 kilometers of combined NEDC.

Photo credit: Lynk&Co

Haima Motor’s first hydrogen-fuel station to operate in 2021

Haima Motor stated that the company’s first hydrogen generating/fueling comprehensive station has broken grounds in Haikou city, and is expected to complete and start operation by the end of 2021.

XPeng's Oct. deliveries amount to 10,138 units

XPeng Inc. (XPeng) announced on Monday its monthly deliveries reached 10,138 units in October, rocketing 233% year on year and surpassing 10,000 units for the second month in a row despite the global chip shoratge.

HOZON Auto scores 294% YoY hike in Oct. deliveries

HOZON Auto, the Chinese startup owning the EV brand NETA, announced new car deliveries of 8,107 units for the month of October, which were 294% higher than that of the year-ago period. It was also the ninth row in a row for the company to break the record of its monthly deliveries.

Great Wall Motor Q1-Q3 net profit nearly doubles YoY

China’s leading SUV and pickup manufacturer, Great Wall Motor (GWM), reported a significant year-on-year surge in revenue and net profit in the first nine months of this year.

Commercial vehicle sector of Dongfeng Motor reports weak Q3 performance

The commercial vehicle manufacturing joint venture between Dongfeng Motor and Nissan, Dongfeng Automobile Co., Ltd. (DFAC) witnessed a significant plummet in its third-quarter performance due to the industry-wide depression, the company said in its latest financial report.

Changan Auto celebrates prominent performance in Q3

Changan Auto celebrated an outstanding performance result in the past quarter of this year, while its year-to-date export volume surpassed the 100,000 vehicles milestone.

China’s Vehicle Inventory Alert Index drops 1.6 percentage points YoY in Sept. 2021

China's Vehicle Inventory Alert Index (VIA) stood at 52.5% in October 2021, falling 1.6 percentage points from the previous year, while rising 1.6 percentage points from the previous month, according to the China Automobile Dealers Association (CADA). The index was still above the official warning threshold (50%).

Geely’s BEV brand Geometry said to introduce Huawei’s HarmonyOS

Geometry, the all-electric car brand under Geely Auto, plans to have its vehicles armed with Huawei's Harmony Operating System (HarmonyOS), as part of efforts to exploit the mid-/high-end EV market, according to a local media outlet, citing people with direct knowledge.

Li Auto delivers 7,649 vehicles in October, with over 14,500 orders

China’s new energy vehicle (NEV) startup Li Auto delivered 7,649 vehicles in October, surging 107.2% year on year and increasing by 7.26% month over month, according to the company.