Gasgoo Daily: GWM Pickup 2021 overseas sales soar 119%

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.

GWM Pickup 2021 overseas sales soar 119%

Great Wall Motor’s Pickup subsidiary reported 233,006 vehicles sold in 2021. With 43,599 vehicles sold overseas, the company doubled its performance in foreign markets from a year ago, at 119%. Its mainstay model, the GWM POER line, sold 15,117 vehicles in December 2021, cumulating to 127,940 vehicles in 2021 in total.

GWM POER; photo credit: GWM Pickup

Geely’s premium brand ZEEKR doubles registered capital

The premium auto subsidiary of Geely, Zhejiang ZEEKR Intelligent Technology Co., Ltd., recently increased its registered capital to RMB3.935 billion, up 96.75% than before, according to China’s corporate database, Qichacha.

Foton reports Borgward’s RMB1.88 billion debt past due

The commercial vehicle arm of BAIC Group, Foton, announced that the company has yet to receive the RMB1.88 billion that Borgward owes it. The payment date of the debt was January 17th, making it overdue.

CPCA: China’s PV sales rise 8% MoM in second week of Jan.

During the second week of January, the daily averaged passenger vehicles sales volume equaled 63,000 vehicles, notching down 2% year on year, according to China Passenger Car Association (CPCA). However, with a total of 438,000 vehicles sold during the week, the market managed an 8% increase from a week ago and a 3% increase compared to the same week in December.

SAIC Z-ONE partners with auto part mogul Yanfeng for smart cockpit development

SAIC Motor’s automotive intelligence arm, SAIC Z-ONE, has inked a strategic cooperation agreement with China’s leading auto parts supplier, Yanfeng, for intelligent cockpit development.

Dongfeng Motor breaks ground on upscale new energy off-roader base

On Jan. 18, Dongfeng Motor broke ground on its high-end new energy off-road vehicle manufacturing base, representing another premium new energy vehicle (NEV) project following VOYAH.

Chinese home appliance maker Midea Group said to offer system-grade solutions for NEVs

Midea Group plans to offer system-level solutions for new energy vehicles (NEVs), according to a local media outlet, citing a person with the Chinese home appliance giant.

Baidu’s JIDU releases tease video for concept RoboCar

After the logo releasement a day ago, Baidu's JIDU released a tease video of its automotive robot (RoboCar) concept car on January 19th, marking the brand's first time to unveil design-related content since its establishment.

China’s Guangxi aims to produce, sell 1 million plus NEVs annually by 2025

Outputs and sales of new energy vehicles (NEVs) in South China's Guangxi Zhuang Autonomous Region are expected to rise to around 30% of the region's overall new car production and sales volumes by 2025, according to a planning local government issued on Jan. 14 and hammered out for the development of NEV industry through to 2025.

FAW Group sets annual sales target of 4.1 million vehicles in 2022

China’s major auto group, FAW Group, released its 2022 annual performance and operation targets at its press conference on January 18th. In 2022, FAW Group sets out to sell 4.1 million vehicles in total, with 450,000 to 500,000 vehicles from its Hongqi brand.

Human Horizons celebrates 5,000th HiPhi X rolling off line

On January 19th, the 5,000th of the most expensive China-made electric vehicle, the HiPhi X, rolled off the production line in the Yancheng City HiPhi factory.