Gasgoo Daily: Volkswagen China CEO not to leave China
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.
Volkswagen China CEO not to leave China shortly
Stephan Woellenstein, CEO of Volkswagen Group China, said there will be changes, including his title in Volkswagen China, but he will not leave China in the short term.
China auto industry revenue up by 11.3% YoY in Jan.-Sept.
Data from the China Passenger Car Association showed that revenue of China’s automotive manufacturing industry in the first three quarters increased 11.3% year on year to RMB6167.9 billion while the period’s profit was up 1.2% from a year ago to RMB379.97 billion. The combined revenue of 17 major automakers amounted to RMB2290.27 billion, up by 5.6% year on year while their profits totaled RMB225.07 billion, representing a slight increase of 1.8% compared with the same period last year.
Total revenues of XPeng were RMB5,719.9 million (US$887.7 million) for the third quarter of 2021, representing an increase of 187.4% from the same period of 2020, and an increase of 52.1% from the second quarter of 2021.
Today, the innovation intelligence company, PatSnap released a report on the global intelligent cockpit and onboard infotainment system insights, stating that China’s relevant patent applications accounted for 1/4 of the global industry.
Dongfeng Automobile Co., Ltd. (DFAC), the light commercial vehicle arm of Dongfeng Group, announced its recently formed partnership with China’s e-commerce giant, JD.com, for smart logistics development.
Gotion High-Tech announced on Tuesday that its wholly-owned subsidiary Hefei Gotion High-Tech Power Energy Co.,Ltd. (Hefei Gotion High-Tech) has signed a framework agreement with Chongqing Yongchuan Great Wall Automotive parts Company Limited (Great Wall Auto Parts) to supply the latter with its power batteries.
Major auto parts supplier Desay SV announced that the construction of its Weimar-Legefeld prototype R&D center had been completed, with another 3D antenna measurement room coming.
Xiaomi has no deliberation with JAC Group regarding either contract manufacturing or acquisition of equity interests, the young electric vehicle player told a local media outlet, in response to a recent rumor saying Xiaomi plans to acquire stake in the Hefei-based automaker.
China’s Great Wall Motor (GWM) officially set up a German subsidiary in Munich along with a European headquarter as the base camp supporting its expansion on the continent.
Ford Motor recently announced that its vehicle-road synergy system now has been applied in Guangzhou, the third city nationwide after Wuxi and Changsha.
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