Gasgoo Daily: FAW Group files for trademarking terms linked to the metaverse

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.

FAW Group files for trademarking terms linked to the metaverse

According to Qichacha, a Chinese corporate data platform, FAW Group has filed several trademark applications in relation to metaverse. Registrations are still under application condition.

Leapmotor puts 2022 T03 onto market

On Dec. 28, the 2022 Leapmotor T03 hit the market, boasting the sensor equipment of 3 cameras, 1 millimeter-wave radar, and 11 ultrasonic radars, and Level 2 intelligent driver assistance features. Guiding prices of five trim levels range from 68,900 yuan ($10,815) to 84,900 yuan ($13,330).

Dongfeng Motor's premium brand VOYAH ships first OTA for FREE REEV

On Dec. 27, VOYAH, the premium NEV brand of Dongfeng Motor, for the first time launched an OTA for the FREE, its first mass-produced models.

XPeng's financial leasing subsidiary records surge in registered capital

According to Qichacha, registered capital of Guangzhou Xiaopeng Automotive Financing Lease Co., Ltd. has rocketed to $125 million from $50 million. Founded in 2018, the company is co-held by Guangdong Xiaopeng Automotive Industry Holding Co., Ltd. and XPeng (Hong Kong) Limited. Business scope covers car leasing service and residual value processing and maintenance of leased property.

Geely Holding builds investment holding subsidiary in Hainan

On Dec. 27, Hainan Geely Investment Holding Company Limited was incorporated in Sanya city, Hainan province, according to Tianyancha. Involving a registered capital of 100 million yuan ($15.697 million), it is a wholly-owned subsidiary of Zhejiang Geely Holding Group. It is permitted to engage in investment activities with own funds, management of enterprise headquarters, and R&D of dynamic regeneration system.

JMC, Ford Motor's PV joint venture registered in late Dec.

The passenger vehicle (PV) joint venture between Jiangling Motors Co.,Ltd., (JMC) and Ford Motor was formally incorporated on Dec. 27, meaning the two parents resolve to cement their cooperation on PV business.

Auto design master James Hope joins China's Baoneng Motor

China's property and financial services conglomerate Baoneng Group welcomed vehicle design veteran James Hope to its automobile arm, Baoneng Motor, heading its BAO brand's styling and the Shenzhen Styling Center.

China sets plan for L3 and higher-level advanced autonomous driving application

China's Central Cyberspace Affairs Commission released the informatization plan for the 14th Five-Year Plan (2021-2025) (the Plan), including plans for V2X and autonomous driving development within the country.

Evergrand Auto's assembly lines at Tianjin plant ready for production

Evergrande Auto, property giant Evergrande Group's electric vehicle firm, recently held a ceremony for connecting all linkages of assembly lines at its Tianjin plant, according to a local media outlet.

ZTO, Juzhen Technology jointly test driverless delivery vehicles on motor lane

China's express delivery giant ZTO has started application scenario tests for China's first auto-grade driverless delivery vehicle developed by Juzhen Technology in ZTO's headquarters on December 27th.

China's auto parts supplier Huayu sells stake in joint venture with Valeo

Shanghai SIIC Transportation Electric Co., Ltd. (STEC), a subsidiary of China’s automotive parts supplier Huayu Automotive Systems Company Limited, signed a stake transfer agreement with VALEO INTERNATIONAL HOLDING B.V., Huayu announced on Monday.

China to remove caps on foreign ownership of local PV ventures from Jan. 1, 2022

China will scrap a limit on foreign ownership of passenger vehicle (PV) ventures starting Jan. 1 2022, according to the 2021 version of the Special Management Measures for the Market Entry of Foreign Investment (Negative List) issued by China’s National Development and Reform Commission (NDRC), aiming to further opening up the world's biggest car market.