Gasgoo Daily: WM Motor’s registrations in Feb. 2022 surge 309.8% YoY

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.

WM Motor's registrations in Feb. 2022 surge 309.8% YoY

WM Motor said today its new vehicle registrations reached 3,311 units in February 2022, surging 309.8% year on year.

WM Motor's W6

BYD Destroyer 05 sedan to hit market

The Destroyer 05 (dubbed “Quzhujian” in Chinese), the first model of BYD’s “Warship” series, is about to hit the market on March 17, 2022. It is likely to be priced between 120,000 yuan ($18,980) and 150,000 yuan ($23,725).

Xiaomi's application for ‘car building’ trademarks approved

According to the business data platform Tianyancha, Chinese tech giant Xiaomi Technology Co., Ltd., recently saw its application for three trademarks related to “car building” given green lights.

Geely builds subsidiary in Chongqing

On March 9, Geely Technology (Chongqing) Co., Ltd. was incorporated with Geely Maijie Investment Co., Ltd. as its sole shareholder. The newborn company has a line of businesses covering the R&D of dynamic regeneration system, resource recycling technologies as well as new materials-related technologies.

GAC AION starts building trial-manufacturing line for self-developed power batteries

GAC AION announced today it officially began constructing a trial-manufacturing line for self-developed power batteries, which is expected to be operational at the end of 2022.

Tesla raises prices of certain Model 3, Model Y models in China

Tesla raised the prices of several models in China by RMB10,000 (about $1,582), according to the American company’s Chinese website.  

Baidu becomes shareholder to local LiDAR supplier ZVision

China's tech giant, Baidu, and CICV were newly added as shareholders to local MEMS LiDAR supplier, ZVision, on March 8th.

Chery Holding's export volume up 9.3% YoY in Feb.

Chery Holding is one of the few local automakers that achieved positive year-over-year growth regarding February sales, especially in its new energy vehicle sector, according to Chery Holding's report on March 10th.

NIO starts to trade shares in Hong Kong

China's electric vehicle startup NIO announced today that it has successfully listed its Class A ordinary shares (the “Shares”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”), by way of introduction.

Volkswagen (Anhui)'s NEV test field to be constructed in 2023

Volkswagen (Anhui) has broken ground for its comprehensive experiment center R&D test field in Hefei, Anhui Province, the automaker announced on March 9th.