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Gasgoo Daily: Geely builds subsidiary working on manufacturing, sales of ICs

Monika From Gasgoo| January 12 , 2022 18:34 BJT

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.

Geely builds subsidiary working on manufacturing, sales of ICs

Chinese automaker Geely recently set up a new subsidiary whose business scope extends to cover the R&D of emerging energy technologies, the manufacturing and sales of integrated circuits (ICs), and the design and sales of IC chips.

Incorporated on Jan. 12, the newborn company is wholly controlled by Zhejiang Farizon Commercial Vehicle R&D Co.,Ltd., whose sole shareholder is Farizon Commercial Vehicle R&D Co.,Ltd., a wholly-owned sub-subsidiary of Zhejiang Geely Holding Group, according to the corporate databaseTianyancha.

Gasgoo Daily: Geely builds subsidiary working on manufacturing, sales of ICs

Photo credit: Geely Auto

Chery Auto files trademark application related to metaverse

Chery Automobile Co.,Ltd. has applied for the registration of the trademark linked to the metaverse, dubbed “OMODA Metaverse”, according to the corporate database Tianyancha.

BYD hits production milestone of 50,000 Tang DM-i SUVs

On Jan. 12, BYD saw the 50,000th Tang DM-i roll off the assembly line.

Shanghai to add 10,000 public charging piles in 2022

Shanghai plans to deploy 10,000 public charging piles (including dedicated piles) and 10 taxi charging demonstration stations in 2022, according to the Shanghai Municipal Transportation Commission.

HOZON Auto hops on metaverse bandwagon with new trademark filings

According to the corporate database Qichacha, Chinese startup HOZON Auto, the owner of the EV brand NETA, recently filed applications of trademarks named “NETA Metaverse”, “HOZON Metaverse”, and “NETIE Metaverse”.

EV startup NIUTRON unveils exterior of 1st model

NIUTRON, a nascent auto brand founded by Li Yinan, who established electric two-wheeler company NIU Technologies, on Jan. 12 unveiled the exterior of its first model "NV".

Gasgoo Daily: Geely builds subsidiary working on manufacturing, sales of ICs

NIUTRON NV; photo credit: NIUTRON

China has 2.617 million EV charging piles by end of 2021

By the end of Dec. 2021, there were 2.617 million charging piles deployed across China, up 70.1% from the same period of last year, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA).

Bosch-backed Boyuan Capital invests in auto-chip firm Black Sesame Technologies

Chinese AI chip developer Black Sesame Technologies announced on Wednesday it has secured strategic investment from Boyuan Capital, an investment platform set up by Bosch, signifying a deeper cooperation between the Chinese chip firm and the German giant auto parts supplier in autonomous driving domain. 

China auto sales up 3.8% YoY in 2021

In spite of industry-wide chip supply shortage and increasing price of raw material, China’s new automobile production and sales managed to grow in 2021, ending the consecutive decrease in the previous three years, according to the China Association of Automobile Manufacturers (CAAM).

China's car parc amounts to 302 million units by end of 2021

China's motor vehicle parc amounted to roughly 395 million units by the end of Dec. 2021, of which 302 million units were automobiles, according to China's Ministry of Public Security (MPS).

Xiaomi-backed investment fund invests in strategic round of NEV parts supplier EVTECH

Zhejiang EVTECH Co., Ltd. (EVTECH), a Chinese tech company focusing on NEV-related core components, announced earlier this week it has nabbed over 100 million yuan ($15.689 million) in a strategic financing round supported by Hubei Xiaomi Yangtze River Industry Investment Fund Partners (Limited Partnership) (hereinafter referred to as “Xiaomi Industry Investment Fund”), which is backed by Xiaomi Inc.

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