Gasgoo Daily: Huawei confirms Su Jing’s departure from auto BU

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 confirms Su Jing’s departure from auto BU

After the report that Su Jing, former leader of Huawei’s autonomous driving business, has left the telecom giant’s automotive business unit, Huawei confirmed the news and thanked the expert for his contribution to the business unit.

GAC executive advises to extend new energy vehicle subsidy policy

Feng Xingya, general manager of GAC Group, proposed to extend new energy vehicle subsidies to 2025. The executive from the automaker suggested introducing new subsidy policies as soon as possible to maintain the stability and continuity of the policy.   

Intelligent factory of GAC AION; photo credit: GAC 

Ganfeng registers mining company in Sichuan

Ganfeng Lithium incorporates a mining company in Sichuan with a registered capital of RMB1 billion. The new firm’s business includes mining of mineral resources (excluding coal mines), mineral resources exploration.   

China encourages Shenzhen to boost deployment of EV charging, battery swap facilities

China's National Development and Reform Commission (NDRC) and Ministry of Commerce (MOFCOM) issued earlier this week a document saying the central government will support Shenzhen in constructing and operating new-type integrated infrastructures for NEV charging, discharging, battery swapping, and energy storage under a uniform planning.

LiangDao Intelligence completes A+ round

China’s LiDAR system solution provider, LiangDao Intelligence, has completed its A+ financing round, raising over hundreds of millions of yuan.

NIO builds insurance brokerage subsidiary

NIO recently set up a subsidiary working on insurance brokerage business, a move in response to China’s launch of NEV (new energy vehicle)-dedicated commercial insurance.

Innovusion joins hands with autonomous driving company Mushroom

Innovusion has inked a strategic cooperation agreement with autonomous driving company Mushroom for LiDAR-based autonomous driving development in the following three years.

Baidu, Geely invest $400 million in JIDU's A financing round

Baidu’s JIDU announced that it had completed A round of financing, raising nearly $400 million from its parent companies, Baidu and Zhejiang Geely Holding Group.