Gasgoo Daily: Geely's CV group partners with Industrial Bank Financial Leasing Co., Ltd.

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's CV group partners with Industrial Bank Financial Leasing Co., Ltd.

Zhejiang Geely New Energy Commercial Vehicle Group (“GCV” or “Geely Commercial Vehicles Group”) announced on March 11 the strategic partnership with Industrial Bank Financial Leasing Co., Ltd. Both parties entered into a cooperation intent involving 5 billion yuan ($789.552 million).

Photo credit: GCV

EVE Energy's subsidiary to build manufacturing lines for prismatic LFP, energy storage batteries

Chinese power battery maker Huizhou EVE Energy announced on March 10 its subsidiary EVE Power Co., Ltd. intends to build two manufacturing lines with an annual production capacity of 20 prismatic LFP batteries and 48GWh energy storage batteries. Total investment in fixed assets will be around 12.6 billion yuan ($1.99 billion).

Denza's new high-end MPV seen in freehand sketching

The freehand sketching of Denza's new high-end MPV was unveiled on the twitter-like Weibo account of Zhao Changjiang, general manager of Denza Automobile Sales and Service Co., Ltd.

2022 Hongguang MINIEV hits market

The 2022 Wuling Hongguang MINIEV has already hit the market. Coming with six trim levels, the new product is priced between 34,800 yuan ($5,495) and 50,600 yuan ($7,990). The old version is still available for sale.

Human Horizon delivers over 5,000 HiPhi Xs in ten months of delivery

In the second month of 2022, China’s luxury EV brand, HiPhi, from the startup Human Horizons, delivered 355 units of its only model on the market, the HiPhi X, the startup announced on March 11th.

NavInfo’s NaviSystem to develop parking system for Alpine China

China’s leading navigation servicer, NavInfo, announced on March 11th that its subsidiary, NaviSystem, has struck a deal to develop a panorama parking image system for Alpine Electronics China (Alpine China).

China auto sales up 18.7% YoY in February 2022

China’s auto sales jumped 18.7% year over year in February to 1.737 million units, according to data from the China Association of Automobile Manufacturers.

Joyson Electronics projects RMB7.4 billion in Jan.- Feb. revenue

Joyson Electronics, China’s leading component supplier for global automotive manufacturers, is projected to see its Jan. to Feb. revenue reach RMB7.4 billion ($1.17 billion), the company announced on March 10th.

Changan Ford, Changan Mazda manage YoY growth in Feb. sales

Changan Auto saw its two jointly-owned brands outdo themselves in February sales performances, with positive growth compared to a year ago, Changan Auto reported on March 10th.