Gasgoo Daily: CATL calls rumored worries about potential US sanction “false information”

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.

CATL calls rumored worries about potential US sanction “false information”

Previously, a rumor arose that China’s battery mogul, CATL, is seeking help from professional US organizations about the company's probability of facing potential US sanctions. However, CATL responded on February 8th that the hearsay is “false information.”

Photo credit: CATL

CATL becomes shareholder to state-backed intelligent energy service provider 

According to China’s corporate database, Qichacha, the country’s battery mogul, CATL was recently listed as a new shareholder to Shanghai Qiyuan Xindongli Technology Co., Ltd. The latter is a new energy and green traffic service provider funded by China’s state-owned SPIC (State Power Investment Corporation).  

CATL sets up new energy material company 

CATL recently set up a company dedicated to new energy materials, Fengxin Shidai New Energy Materials Co., Ltd., with an RMB1 billion registered capital. CATL holds 90% of the company’s stake through its wholly-owned subsidiary, Yichun Shidai New Energy Resources Co., Ltd., while Suzhou TA&A Ultra Clean Technology Co., Ltd. owns the rest 10%, according to local corporate database, Qichacha.  

BYD Tang EV may be available for sale in March, with 730km range

BYD’s new Tang EV model is said to start presale in March, then officially hit the market in mid-to-late April. The new and improved model is said to allow a maximum range of 730km. According to its declaration photo, the new Tang EV appears more technological, with a sporty vibe.

Yutong Bus Jan. sales drop 36.2% YoY

China’s major bus manufacturer, Yutong Bus, released its January performance report on February 8th. In the first month of 2022, Yutong Bus produced 1,855 vehicles, indicating a 38.64% slide year on year. Meanwhile, the company sold 1,828 vehicles in the same period, declining 36.2% from a year ago. 

NVIDIA partners with China’s OS developer ArcherMind for automotive vision development

China’s intelligent terminal OS developer, ArcherMind, announced today that it had signed a cooperation agreement with NVIDIA for intelligent driving ISP (image signal processor) services.

Envision AESC breaks ground on Wuxi battery manufacturing base’s 2nd phase

Envision AESC, the battery technology unit of Envision Group, on Monday started construction of the second phase of its manufacturing base in Wuxi city, Jiangsu province to produce the company's new-generation power batteries, according to an official press release.

Highly, Marelli’s joint venture announces launch of global R&D center’s China unit

Highly Marelli, the joint venture between Highly Group and Marelli, inaugurated its global R&D center’s China unit on Feb. 7, only one year after the establishment of the joint venture.

China’s CALB starts building Xiamen battery base’s 3rd phase to add 40GWh production capacity

On Feb. 7, China Lithium Battery Technology Co., Ltd. (CALB) broke ground on the third phase of its power battery manufacturing base in Xiamen city, Fujian province, the Chinese battery manufacturer announced via its WeChat account.