Gasgoo Daily: Baidu’s JIDU to unveil mass produced automotive robot in Nov.

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.

Baidu’s JIDU to unveil mass produced automotive robot in Nov.

According to Baidu, the production model of the intelligent automotive robot from JIDU will be showcased at the Guangzhou auto show in November 2022. The concept model of the car is expected to be at the Beijing auto show in April.

GWM’s WEY Mocca DHT-PHEV to hit market on March 1st

Great Wall Motor’s WEY brand is launching its Mocca DHT-PHEV to the market on March 1st. Presale of the model has already started, with prices around RMB299,000 to RMB315,000.

Mocca DHT-PHEV; photo credit: WEY

Baidu’s ADAS product ANP2.0 to start mass production in June

Baidu plans to start mass-producing its ANP2.0 ADAS product in June 2022. The product targets vehicle models in the RMB100,000 to RMB200,000 price range, working under the parking lot and highway scenarios. The next-generation ANP3.0 is projected to start mass production in July 2023, with a targeted clientele of vehicle models priced RMB200,000 and up. The first model powered by the ANP3.0 function will be from Baidu’s JIDU.

China’s 2021 annual online ride-hailing order volume surpasses 8.3 billion

According to the minister of China’s Ministry of Transport, in 2021, average domestic car traffic on highways equaled roughly 32 million vehicles daily, increasing 6.3% year on year.  During the year, the domestic online ride-hailing platforms have completed 8.32 billion orders, with 4.676 billionorders from relatively large cities.   

Positioning service provider Sixents lands RMB620 million in Series B

NavInfo-incubated precise positioning service provider Sixents has completed its Series B investment round, raising RMB620 million ($98.24 million), the company announced on February 28th.

SAIC Motor-backed premium brand IM to start delivering 1st production model in April

The IM L7, the first production model under IM, a premium auto brand backed by SAIC Motor, has already been put into volume production at SAIC Motor's intelligent factory in Lin-gang Special New Area, the Shanghai-based auto giant announced today via its WeChat account.

FAW Group, BYD hold ground-breaking ceremony for joint power battery plant

On Feb. 26, FAW Fudi New Energy Technology Co., Ltd (FAW Fudi), a joint venture between FAW Group and BYD, broke ground on a power battery manufacturing base in Changchun city, Jilin province, according to a post on FAW Group's WeChat account.

GAC Capital invests in autonomous driving chip startup EVAS Intelligence

China’s autonomous driving chip startup, EVAS Intelligence, has completed its angel investment round worth roughly RMB200 million, the company announced on February 28th.

China continues NEV subsidies, car purchase tax exemption to spur car demands: MIIT’s minister

China will adopt multiple measures to further spur automobile demands, including continuing the implementation of the subsidies on new energy vehicle (NEV) purchases, the awards for building NEV charging facilities, and the exemption of vehicle and vessel purchase tax, Xiao Yaqing, minister of China's Ministry of Industry and Information Technology (MIIT) said on Feb. 28.

Farasis Energy says revenue in 2021 surges YoY, but net loss widened

Chinese power battery maker Farasis Energy (Ganzhou) Co., Ltd. (“Farasis Energy”) announced today its full-year revenue in 2021 surged 203.97% year on year to around 3.403 billion yuan ($538.71 million).

NIO-backed autonomous driving truck developer Inceptio Technology completes B+ round

On February 28th, China’s commercial vehicle autonomous driving developer, Inceptio Technology, announced the completion of its B+ equity financing round, raising $188 million.

JAC Group, ThunderSoft to set up automotive intelligence joint venture

On February 26th, China’s major automaker JAC Group has inked an agreement with leading OS developer, ThunderSoft, to set up an automotive intelligence joint venture in Hefei, Anhui Province.

NIO announces proposed secondary listing in Hong Kong, with shares to start trading on March 10

Chinese electric vehicle startup NIO today announced the proposed secondary listing on the Main Board of The Stock Exchange of Hong Kong Limited and its shares are expected to start trading in Hong Kong on March 10, 2022, the company said this morning.