Gasgoo Daily: Chery New Energy to purchase RMB5 billion worth of battery from JEVE

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.

Chery New Energy to purchase RMB5 billion worth of battery from JEVE

Chery Holding’s new energy arm, Chery New Energy, recently inked a deal with battery supplier JEVE for the latter to supply RMB5 billion worth of batteries to Chery in the future three years.

NIO establishes EV charging subsidiary in Quanzhou

According to China’s corporate database, Qichacha, NIO, has set up a new subsidiary, named Quanzhou NIO Automobile Sales Service Co., Ltd., on March 1st, with an RMB10 million registered capital. The new company is authorized to operate in EV charging-related business areas.

China, Japan, US account for 2/3 of the global HUD patent applications

The innovation intelligence company, PatSnap released a report on global HUD technology patent filing statistics, with Japan, China, and the US accounting for over 2/3 of the total 19,500 patent applications. By the end of 2021, over 30% of the world’s HUD patents targeted the Chinese market.

Former WABCO executive joins China’s Plus.ai

China’s commercial vehicle autonomous driving company, Plus.ai, announced the addition of its team, a former senior executive from WABCO, Jon Morrison, as a committee member of the company’s advisory board.

Baidu operates paid-Robotaxi service in three Chinese cities

The city of Yangquan, Shanxi Provine, has become the third city to host Baidu’s paid-Robotaxi service, after Beijing and Chongqing. According to Baidu’s Q4 financial report, the company’s autonomous driving mobility service has completed roughly 213,000 orders in the fourth quarter of 2021, nearly doubled from the last quarter.

China’s WM Motor lifts price of EX5-Z all-electric SUV due to auto parts price rise

Chinese new energy vehicle (NEV) startup WM Motor recently said it has bumped up the prices of the EX5-Z by 3,000 yuan ($475) to 4,000 yuan ($635) due to the increase in auto parts prices and other factors, effective from March 1, 2022.

Another autonomous driving company settles in Jiading, Shanghai

On March 2nd, Shanghai Jiading District authorities announced that, the Jiading-based Shanghai Chuzhen Intelligent Technology Co., Ltd. was granted a construction permission for its autonomous driving product manufacturing base in the district.

Hozon Auto’s NETA brand outsells XPeng, NIO in February

February is generally an off-peak season for new vehicle sales in China for the month has fewer selling days and China’s New Year holiday always comes at the beginning of the month. In February this year, deliveries of major Chinese electric vehicle startups were not as outstanding as the three months before.

Geely Holding’s chairman proposes greater efforts to build battery swap system

Li Shufu, deputy to the National People's Congress and Chairman of Zhejiang Geely Holding Group (“Geely Holding”), made two proposals for this year's two sessions, one of which is about the construction of EV battery swapping system.

China’s ADAS developer MAXIEYE to provide service for Dongfeng Trucks

On March 2nd, China’s ADAS developer, MAXIEYE, announced that it had closed a deal with Dongfeng Trucks to provide intelligent solutions and services for the automaker.

China’s Autonomous driving startup Nullmax partners with auto supplier BiTECH

China’s autonomous driving startup, Nullmax, has partnered with local automotive electronics supplier BiTECH Automotive for autonomous driving development, the company announced on March 2nd.

China’s Sunwoda EVB to plow 12 billion yuan in building 30GWh power battery plant

Sunwoda Electric Vehicle Battery Co., Ltd. (“Sunwoda EVB”) is ready to sign an agreement with the Zhuhai municipal government to build a power battery manufacturing base in the city of China's Guangdong province, according to an announcement issued on Tuesday by Sunwoda Electronic Co., Ltd. (“Sunwoda”), the parent of Sunwoda EVB.

Yueda Investment renounces capital increase in Dongfeng Yueda Kia

Yueda Investment, one of the two remaining shareholders of Dongfeng Yueda Kia (DYK), announced on March 1st that the company would not participate in DYK’s capital increase.

GAC AION sees vehicles sales in Feb. 2022 soar 163% YoY

GAC AION, the new energy vehicle (NEV)-dedicated arm of GAC Group, announced its vehicle sales reached 8,526 units in February 2022, surging 163% from the previous year, while tumbling 46.8% from the previous month mainly due to the Spring Festival holiday.