Gasgoo Daily: Li Auto incorporates new sales company in Luoyang

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.

Li Auto incorporates new sales company in Luoyang

Li Auto registered a sales service company in Luoyang, Henan province with a registered capital of RMB10 million, according to Tianyancha. The new company’s business scope covers new vehicle sales, retail sales of motorcycles and spare parts.

Photo credit: Li Auto

Ofilm aims to make smart vehicle related business growth driver

China’s advanced high-technology manufacturing and assembly companies Ofilm Group said that, in the next five years (2021-2025) it will strive to forge ahead in such areas as smart vehicles, VR/AR, and significantly increase the proportion of the said businesses’ revenue, making them new growth drivers of the company. 

VanJee Technology launches new auto-grade Lidar

China’s Intelligent Transport System supplier VanJee Technology launched its hybrid and solid-state 128-line auto-grade Lidar for high-level autonomous driving on December 16.

Marching Power closes 500 mln yuan Series C round

Marching Power announced on Dec. 16 it has secured over 500 million yuan ($78.51 million) in the Series C round, which was led by CDH Investments and attracted other investors including BAIC Capital, Gaorong Capital, CASH Capital, Guiyang Venture Capital, Xinchao Group, Huajin Capital, and V Fund. Index Capital served as the financial consultant.

Baidu Ventures invests in photoelectric company Jinghe Tech

Shanghai Jinghe Photoelectric Technology Company (Jinghe Tech) has completed its A+ round of financing worth tens of millions of yuan, led by Baidu Ventures.

BMW to launch 26 new products, 2 BMW i centers in China in 2022

BMW Group announced that it plans to launch 26 new products in China next year, covering the group'sa core  vehicle and motorcycle brands, from BMW core brand, BMW i, BMW M, MINI, to BMW Motorrad.

Schaeffler, Leadrive reach cooperation on NEV electric drive system development

Schaeffler and Leadrive, a Shanghai-headquartered power modules and EV solutions provider, on Dec. 16 forged a strategic partnership to co-develop the next-generation electric drive solutions for new energy vehicles (NEVs), according to a post on Schaeffler's WeChat account.

Chery Holding sets annual sales target of 1.5 million units for 2022

December 18th, 2021, marks the 22nd anniversary of the first Chery vehicle rolling off the production line. The automaker finds the day especially significant considering its prominent achievement this year.

Farasis Energy, Mercedes-Benz sign supplementary deal to deepen long-term supply tie-up

Farasis Energy (Ganzhou) Co.,Ltd. (“Farasis Energy” or “the company”) and its wholly-owned subsidiary Farasis Energy (Zhenjiang) Co.,Ltd. (“Farasis Zhenjiang”) intend to sign with their major auto client Mercedes-Benz an agreement supplementing to a long-term battery supply deal, the company announced on Dec. 16.

BYD all-new premium brand’s first model said to be rugged-looking off-roader

BYD plans to announce an all-new premium auto brand in the first half of 2022 and the first model under the new brand is set to be launched in the second half of next year, according to a local media outlet, who got the information on Dec. 14 at BYD’s tech communication meeting.