Gasgoo Daily: NIO's Haidian sales service firm fined for misleading consumers

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's Haidian sales service firm fined for misleading consumers

Beijing NIO Sales Service Company Limited Haidian First Branch was fined 200,000 yuan ($31,395) by the Beijing Haidian District Administration for Market Regulation for violating China's Anti-Unfair Competition Law, according to Tianyancha.

XPeng's subsidiary records hike in registered capital

Guangzhou Pengyue Automobile Development Co., Ltd., a wholly-owned subsidiary of Guangzhou Xiaopeng Motors Technology Co., Ltd., recently saw its registered capital surge to 1.5 billion yuan ($235.46 million yuan) from 250 million yuan ($39.243 million), according to the business data platform Tianyancha.

Business scope of Guangzhou Pengyue Automobile Development Co., Ltd. extends to cover the retail of auto parts, the sales of tyres, the investment activities with own funds, and the operation of EV charging infrastructures.

China's first proprietary proton exchange membrane production line put into operation

On Dec. 15, SPIC Hydrogen Energy Co.,Ltd. saw its fuel-cell proton exchange membrane production line begin operation in Wuhan. This is the China's first proprietary and well-controlled line dedicated to production of proton exchange membranes.

GAC AION sets up sales service subsidiary in Shanghai

Shanghai AION Automobile Sales Service Co.,Ltd., a wholly-owned subsidiary of GAC AION's affiliate company AION Technology Co.,Ltd., was set up on Dec. 2 with a registered capital of 10 million yuan ($1.57 million), according to Tianyancha. It has a line of businesses encompassing the sales of oil-fueled vehicles, NEVs, used cars, EV charging piles, battery swapping facilities, batteries, as well as the recycling and cascade utilization of decommissioned traction batteries.

Foton Motor scores 24.87% in Jan.-Nov. NEV sales

Foton Motor sold 34,435 new vehicles in November, including 671 NEVs. For the first 11 months of the year, the automaker saw its new vehicle sales drop 2.04% to 612,650 units, while its NEV sales jumped 24.87% to 6,854 units.

Li Auto pushes OTA 3.0 version

On Dec. 6, Li Auto started pushing its OTA 3.0 version, through which the visual parking function will be added for the 2020 Li ONE, and the navigation-based driver-assistance function will come to the 2021 Li ONE.

GWM's in-house developed 3.0T+9AT powertrain comes off production line

Great Wall Motor's mass-produced high-end 3.0T+9AT powertrain rolled off the assembly line on Dec. 4, marking a new milestone for China’s domestically built power system. It will be installed first in the TANK 500.

Pony.ai starts L4 test on China's open highway, to expand test fleet next year

China's leading autonomous driving developer, Pony.ai, started its normalized tests on the G3 highway with its L4 intelligent trucks in Beijing on its fifth birthday.

Geely Auto fulfills 76% of 2021's sales goal in first eleven months

Geely Automobile Holdings Limited (Geely Auto) announced on Monday the new vehicle sales of the Group (collectively referring to Geely Auto and its subsidiaries) reached 1,169,264 units for the first eleven months of 2021, rising around 0.3% from the previous year and fulfilling 76% of the Group's annual sales target of 1.53 million units.

BYD breaks ground on NEV parts industrial park in Xi'an

BYD saw the construction of a new industrial park dedicated to NEV component production commence on Dec. 5 in Xi'an, the capital of Northwest China's Shaanxi province, according to a post on the WeChat account of Xi'an Hi-tech Industries Development Zone.

NIO fully opens monthly flexible battery upgrade service

On Dec. 5, Chinese EV startup NIO announced it has launched a new battery upgrading plan to the public across China, which allows users of 70/75kWh battery pack to get a 100kWh one by paying 880 yuan ($140) on a monthly basis.

Nissan Motor Nov. China PV sales driven by ALTIMA

Nissan Motor's November sales result in China remained flat from a month ago, with a hundred vehicles difference, while the latest ALTIMA model drove the automaker's passenger vehicle sales.

ByteDance launches cloud computing targeting V2X field

China's tech giant, ByteDance, owning the video platform TikTok, has officially launched its cloud computing platform, Volcano Engine, with a strategic layout in the V2X field.

CATL's subsidiaries start building NEV battery material industrial park in China's Yichang

On Dec. 4, CATL broke ground on a NEV-related battery material industrial park in Yichang city, central China's Hubei Province, the power battery giant announced via its WeChat account.

VW Anhui's MEB factory reported half-done, with production starts 2023

The construction of Volkswagen (Anhui)'s MEB factory is declared half-finished, with estimated production starting in the second half of 2023, according to the CEO of the joint venture, Dr. Erwin Gabardi.

AI developer SenseTime's HK IPO starts on Dec. 7th

China's AI developer SenseTime is expecting its public offering on December 7th on the Hong Kong Exchange, with a maximum of HKD6 billion to be raised.

BYD's Jan.-Nov. NEV sales top 500 thousand units

BYD Company Limited saw its monthly auto sales surge 82.3% over a year earlier to 98,340 units in November, according to the company's statement. For the first eleven months, BYD scored a 72.94% year-on-year hike with 641,019 vehicles sold.