Gasgoo Daily: HUAWEI’s intelligent vehicle test field to start operation in 2022

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.

HUAWEI’s intelligent vehicle test field to start operation in 2022

HUAWEI’s intelligent vehicle test field in the Yangcheng peninsula is expected to start operation in 2022. The test field takes up 600 acres of land, with a systematic test lab, an intelligent driving test zone, and a dynamic performance test zone that meet strict testing demands, ensuring delivery of high-quality products.

Photo credit: HUAWEI

Geely Holding becomes shareholder of its founder’s handphone company

The founder and president of Geely Holding, Li Shufu’s handphone company, Hubei Xingji Shidai Technology Co., Ltd., has recently added Geely Holding to its list of shareholders and raised its registered capital from RMB80 million to RMB650 million. After the changes, Geely Holding has become the company’s largest shareholder at 35.54%, while Li Shufu’s stake dropped from 55% to 6.77%.

XPeng Inc. related company enforced to repay RMB5.76 million

Zhaoqing XPeng Automobile Co., Ltd. was sanctioned to repay its creditor RMB5,768,228 by the People’s Court of Sihui City. The case was categorized as a construction work contract dispute.

P7; photo credit: XPeng

Hyundai Motor China appoints Hyuk-Joon Lee as new president

The current vice president of Hyundai Motor Group (China), Hyuk-Joon Lee, was appointed as the company’s new president in China, replacing Kwang-Guk Lee, affective on January 1st, 2022.

Chairman of Leapmotor resigns from the Dahua Technology board

Chairman of China’s EV startup, Leapmotor, Zhu Jiangming, has resigned from Zhejiang Dahua Technology Co., Ltd.’s board of directors to dedicate himself solely to Leapmotor’s business.

CATL breaks ground on 7 billion yuan battery manufacturing base in Xiamen

On Dec. 19, 2021, Chinese power battery giant CATL held the ground-breaking ceremony for its new-type lithium ion battery manufacturing base in Xiamen city, Fujian Province.

Baidu intelligent driving group said to be independent company

Baidu's intelligent driving group (IDG) is said to be independent of Baidu Group, having transferred employees and assets to several Baidu’s subsidiariess, sources inside IDG told local media outlet, Tencent Shenwang.

Gotion High-Tech reveals intention to build battery manufacturing JV in U.S.

Gotion High-Tech Co.,Ltd. (the “Company”) announced on Dec. 20 its wholly-owned sub-subsidiary, GOTION, INC. has deepened the cooperation with its client, a large-sized publicly listed U.S.-based automobile company (the “Client”), by signing a strategic supply and localization agreement (“the Agreement”).

Dongfeng Motor officially withdraws from Dongfeng Yueda Kia

Dongfeng Motor Corporation’s formerly reported transfer of its 25% stake in Dongfeng Yueda Kia, its joint venture with South Korea’s Kia Motors and China’s Yueda Group was completed, according to Shanghai United Assets and Equity Exchange (SUAEE).

Telecom giant ZTE partners with Neusoft Reach for automotive OS

China’s telecom giant ZTE  has signed a strategic partnership framework agreement with China’s major software company Neusoft Reach, to develop an automotive operation system that meets the market demands.

BYD to build 15GWh power battery manufacturing base in Fuzhou, Jiangxi

On Dec. 17, BYD signed an investment deal with the municipal government of Fuzhou, China's Jiangxi province to build a new EV power battery base.