Gasgoo Daily: Geely Auto reportedly intends to use alternative supply chain solution in Q2

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.

Geely Auto intends to use alternative supply chain solution in Q2

Photo credit: Geely

Chinese automaker Geely Auto intends to apply an alternative supply chain scheme in the second quarter this year to ease the pressure of limited production capacity led by the shortage of automotive chips, according to a local media, citing a person with knowledge of the matter.

Wang Chuanfu resigns as chairman of Hangzhou BYD Automobile Co., Ltd.

According to the business database Tianyancha, Wang Chuanfu, chairman of BYD Company Limited (“BYD”), has resigned as Chairman of Hangzhou BYD Automobile Co., Ltd. (“Hangzhou BYD”). BYD replied that the personnel change is to simplify administrative processes, so as to facilitate corporate operations.

TGOOD to list EV charging subsidiary TELD on sci-tech board

Qingdao TGOOD Electric Co., Ltd. (“TGOOD”) announced on Mar. 7 it plans to spin off its subsidiary dedicated to EV charging network operation, TELD New Energy Co., Ltd. (“TELD”), and list it on the technology-focused sci-tech innovation board. After the business separation, TGOOD will still be the majority shareholder of TELD.

2022 HiPhi X hits market

The 2022 HiPhi X went on sale on March 8 with prices starting from 570,000 yuan ($90,260) to 800,000 yuan (126,680).

General Motors said to build independent sales channels for new imported models

General Motors (“GM”) attempts to introduce more imported models in China and build for them a new sales channel separate from that of the joint venture SAIC-GM, according to a local media outlet.

China's homegrown PV retail sales rise 4.7% YoY in Feb. 2022

In February 2022, the retail sales of locally-made PVs (referring to cars, MPVs, SUVs and minibuses) in China amounted to around 1.272 million units, growing 4.7% from the previous year, while plunging 39.4% compared to the previous month, according to the China Passenger Car Association (CPCA).

JAC Group exports 16,000 vehicles overseas from Jan. to Feb.

JAC Group celebrated positive growth in its new energy passenger vehicle sales and export volume, according to its February sales report released on March 7th.

MARELLI unveils China R&D center for auto electronics unit

MARELLI, a global automotive supplier, celebrated on March 5 the inauguration of a Guangzhou-based R&D center and the completion of the expansion project for its Guangzhou plant, according to a post on MARELLI's WeChat account.

Dongfeng Peugeot Citroën Feb. sales soar 154% YoY

In February, Dongfeng Motor Corporation (DFMC) saw its wholly-owned sub-brand, AEOLUS, refresh its same-month sales record, the auto group announced on March 7th.