Gasgoo Daily: SAIC Motor sets up joint fund for local automotive chip

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.

SAIC Motor sets up joint fund for local automotive chip

SAIC Motor will cooperate with Shanghai Industrial Technology Research Institute (SITRI) to set up a special fund with billions of RMB for the development of local automotive chip segment.

Hainan has 122,400 new energy vehicles by end of 2021

In 2021, Hainan added 58,700 new energy vehicles, representing an increase of 88% from a year ago. By the end of 2021, the province had a total of 122,400 new energy vehicles.

Hozon registers new firm in Shanghai

A wholly-owned subsidiary of Hozon New Energy Automobile Co., Ltd., new energy vehicle brand NETA’s parent company, incorporated a new company with a registered capital of RMB5 million. The company’s business covers insurance agency business.

10,000th ZEEKR 001 rolled off production line

The 10,000th ZEEKR 001 rolled off production line on January 26, 99 days after the first ZEEKR 001 went off the production line.

Photo credit: ZEEKR

CATL expects 2021’s net profit to soar up to 195.52% YoY

CATL said on Jan. 27 its full-year net profit attributable to shareholders in 2021 is forecasted to reach 14 billion yuan ($2.206 billion) to 16.5 billion yuan ($2.6 billion), surging 150.75% to 195.52% from the previous year.

Horizon Robotics cooperates with Holomatic

China’s edge AI chip developer, Horizon Robotics, joined hands with local autonomous driving company, Holomatic, for autonomous driving commercialization.

Beijing completes nearly 4 million km autonomous driving test mileage in 2021

On January 26th, Beijing released a report demonstrating the city’s achievements in the autonomous driving road test field in 2021, with nearly 4 million km of mileage.

BYD to build industrial park in Hubei’s Xiangyang

BYD signed a framework agreement earlier this week with the municipal government of Xiangyang city, Hubei province to promote the construction of an industrial park that works on production of power batteries and other businesses, according to a post on the WeChat account "Hubei Fabu", which is owned by Hubei provincial government.

Sokon Group initiates private placement to develop EV models

Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon Group), the holding company of the auto brand, SERES, is planning to raise RMB7.13 billion ($1.125 billion) through private placement.

CALB to build 100GWh power battery, energy storage system bases in Guangzhou, Jiangmen

China Lithium Battery Technology Co., Ltd. (CALB) signed two investment agreements this week for the plans to build power battery and energy storage system manufacturing bases in Guangzhou and Jiangmen cities of Guangdong provinces, which will add 100GWh per year of total production capacity for the battery maker.