Gasgoo Daily: BYD invests in mineral 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.

BYD invests in mineral company

BYD takes 1% stake in a Sichuan-registered mineral company, which was just founded on Dec. 30, according to the corporate database Qichacha. The newborn firm has a line of businesses including mining and surveying for mineral resources.

Polestar 4 expected to be locally produced in China in 2023

Premium EV brand Polestar will reportedly launch a new model, the Polestar 4, in 2022. The model is expected to be locally produced in China in 2023.

Xiaomi-backed fund invests in IC, sensor designer

Hubei Xiaomi Changjiang Industrial Investment Fund Partnership (L.P.) recently became a new investor of Wuhan Jiachen Electronic Technology Co.,Ltd., who is permitted to design integrated circuits and sensors, and develop automotive intelligent sensors and systems, according to Qichacha.

Beijing sees range of autonomous driving testing surpass 3.65 million km by Nov.

As of Nov. 2021, Beijing, the capital of China, had recorded over 3.65 million kilometers in cumulative range of safe autonomous car road testing.

Renault's commercial vehicle venture in China applies for reorganization

Sino-French joint venture Renault Brilliance Jinbei Automotive Co.,Ltd. (RBJ) applied to a court for the corporate reorganization on Dec. 30, according to the state-run Xinhua News Agency.

China's Guangzhou aims to deploy 50+ hydrogen filling stations by 2025

Guangzhou, the capital of China's Guangdong province, expects over 50 hydrogen refueling stations to be deployed and the terminal price of vehicle-used hydrogen to stand below 35 yuan ($5.5)/kg by 2025, according to a development plan that will run through 2025 Guangzhou Municipal Development and Reform Commission issued earlier this week.

ABB China to become shareholder of Hasco Shanghai's subsidiary at 40%

China's auto parts conglomerate Hasco Group's subsidiary, Hasco Shanghai has struck a package deal with ABB Group’s China subsidiary, ABB China, regarding joint venture and capital increase aspects, to deepen their cooperation in the intelligent manufacturing field. 

Baidu introduces Apollo 7.0 with multiple auto robots into metaverse

Baidu released its Apollo 7.0 autonomous driving open platform and showcased its Apollo X auto robot ecosystem layout at the Baidu Create 2021 (AI Developer Conference).

Geely, Foxconn incorporate chip making joint venture

Geely Holding and Foxconn's Shenzhen subsidiary have co-established an automotive semiconductor manufacturing company, Shandong Fujikang Intelligent Manufacturing Co., Ltd. (Fujikang), according to corporate database, Qichacha.

Pony.ai, Guangzhou PSB to build research center for ICV regulations

China's autonomous driving company, Pony.ai, has reached strategic cooperation with Nansha District branch of the Public Security Bureau of Guangzhou to develop the intelligent transportation mechanism in the area and establish a research center for related laws and policies.

CALB to build cathode material base with 100,000 t/yr capacity in Sichuan

Chinese battery manufacturer CALB (China Lithium Battery Technology Co., Ltd.) on Dec. 29 struck a pact with the Administration Committee of Sichuan Pengshan Economic Development Zone for the investment in a manufacturing project for lithium-ion battery cathode materials, according to a post on CALB's WeChat account.

Dongfeng Motor, QCraft launch autonomous Sharing Bus in Wuhan

Dongfeng Motor Corporation's autonomous technology arm, Dongfeng Yuexiang, has co-developed and started trial operation of a driverless bus, the Sharing Bus, with autonomous driving developer QCraft.