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.
XPeng raises vehicle prices
XPeng announced to increase the prices of its products by RMB10,100 to RMB20,000 today, due to the substaintial price increase in raw material.
XPeng P7; photo credit: XPeng
Li Auto forms partnership with Honor
Zhao Ming, CEO of China's smart phone brand Honor, said that the brand has formed strategic partnership with Chinese electric vehicle startup Li Auto. Besides, the executive said that the phone brand will not make vehicles and continue to focus on phone segment for a long term.
New Mondeo to hit China's market
The new-generation Mondeo from Ford will hit the market in China tonight. The vehicle ran off the production line recently and has received over 5,000 orders.
MIIT to accelerate automotive chips’ standard system facilitation in 2022
China’s Ministry of Industry and Information Technology (MIIT) released the key points of automobile standardization in 2022 on March 18th. The document mentioned to further optimize the technology standard system of the auto industry during the 14th five-year period (2021-2025) and continue to perfect the guidelines of a standard system in crucial territories, including new energy vehicles and intelligent connected vehicles, and automotive chips.
Mercedes-Benz sets up new R&D center in Shanghai
On March 18th, Mercedes-Benz Group AG, announced that it has set up an R&D center in Shanghai dedicated to mobility technologies. The center is Mercedes’ second R&D center in China, indicating the auto giant’s commitment to the China market with expanded investments.
Arm China joins hands with China’s vehicle chip developer SemiDrive
China’s automotive chip supplier, SemiDrive, has partnered with Arm China to develop next-generation automotive electronic and electrical architecture products, the chip maker announced on March 18th.
Sunwoda EVB to build 20GWh battery production base in Sichuan province
Sunwoda Electric Vehicle Battery Co., Ltd. (“Sunwoda EVB”) will sign an agreement with the government of Shifang, Sichuan province, for a power battery manufacturing project, according to an announcement issued on March 17 by Sunwoda Electronic Co., Ltd. (“Sunwoda”), the parent of Sunwoda EVB.
HOZON Auto announces price rise
HOZON Auto, the Chinese startup owning the EV brand NETA, announced on March 18 it has lifted prices of several models by 3,000 yuan ($470) to 5,000 yuan ($790) due to multiple factors like the increase in prices of raw materials and supply constraints.
Leapmotor files for IPO in Hong Kong Stock Exchange
On March 17th, China’s EV startup, Leapmotor, filed for an IPO in Hong Kong Stock Exchange (HKEX), marking the fourth mainland EV maker to start share trading in HKEX.
