Gasgoo Daily: NIO sets up new auto sales company
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.
NIO sets up new auto sales company
NIO has registered a new company, Zhongshan Weiran Automotive Sales Service Co., Ltd., with RMB5 million ($7,830,000) registered. The new company is wholly owned by NIO, with business scopes including charging piles sales, battery-swapping equipment sales.
NIO battery-swapping station; photo credit: NIO
Lynk&Co 09 PHEV celebrates over 10,000 orders received
The vice manager of Lynk&Co, Chen Siying, said that the Lynk&Co 09 PHEV has been popular since it hit the market on October 20th, with over 10,000 orders received already. Most vehicle orders were for the premium and plugged-in hybrid trims, at over 60% of the total sum. Delivery of the model was scheduled for November 22nd.
Lynk&Co 09; photo credit: Lynk&Co
VOYAH opens up four stores in four cities
The premium EV brand of Dongfeng Motor, VOYAH, has opened up four new direct distribution stores in Xi’an, Chongqing, Foshan, and Xiangyang, expanding its domestic layout to 22 cities in China. The brand aims to have over 50 stores by the end of the year, with more than 100 showrooms in 30 cities.
VOYAH Foshan Store; photo credit: VOYAH
FAW Group’s home base Changchun to strengthen local automotive supply chain
The mayor of Changchun, Jilin Province, Wang Zilian, said that the city is striving to form an auto parts industrial cluster that can realize 60% localization by 2025. Jilin Province is home to several major global automakers’ China joint ventures with FAW Group, including Volkswagen, Audi, and Toyota.
Beijing Economic-Technological Development Area, also called E-Town announced on November 27th that Xiaomi EV has officially sealed the deal of setting up its headquarters in the area.
Lenovo has joined hands with China’s EV startup, Jemmell New Energy, for V2X (vehicle to everything) developments and set up an intelligent innovation lab.
Geely Technology Group, a subsidiary of Zhejiang Geely Holding Group (Geely Holding), plans to build a 12GWh power battery manufacturing plant in Fuling district, Chongqing city, according to a cooperation agreement signed with the district's local government on Nov. 26.
As a latecomer in the autonomous driving field, China's e-commerce mogul, Alibaba Group, has achieved impressive results through its Xiao Man Lv (meaning little robust donkey in English) last-mile delivery robot.
Chinese power battery suppliers are scrambling to expand their battery capacity to satisfy the market demands rising with the rapidly growing new energy vehicle (NEV) sales.
China’s autonomous driving startup, WeRide announced on November 18th, that it has yet again inked another partnership agreement with major automaker GAC Group, as well as the automaker’s subsidiary mobility service provider, OnTime.
BYD has registered a joint venture company in Shenzhen with China’s autonomous driving startup Momenta, recently, according to the corporate database, Qichacha.
Today, Baidu, JiDU, and Qualcomm made a joint announcement, stating that JiDU's first mass-produced model will be powered by an intelligent digital cockpit system co-assisted by Baidu and Qualcomm.
Li Auto Inc. ("Li Auto" or the "Company") (Nasdaq: LI; HKEX: 2015), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the quarter ended September 30, 2021.
As of November 2021, Porsche has made its home charging devices installed in 228 cities across China to serve over 5,300 consumers, the luxury carmaker stated a few days ago.
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