Gasgoo Daily: CATL’s first zero-emission battery factory settles in Sichuan

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.

CATL’s first zero-emission battery factory settles in Sichuan

China’s major battery player, CATL, announced on its official Wechat account that its world-first battery plant with zero carbon emission settled in Yibin city, Sichuan province.

Photo credit: CATL

Wuling MINIEV sees RMB4,000 increase in price

Effective March 24th, SAIC GM Wuling lifted the prices of its MINIEV, NanoEV, and Baojun KiWi EV lineups by RMB4,000-RMB8,000.

CATL sets up battery subsidiary with RMB2 billion registered capital

On March 24th, Xiamen Shidai New Energy Technology Co., Ltd. was registered, with an RMB2 billion registered capital. Its business scopes include manufacturing and sales of batteries. The company is wholly-owned by CATL, according to the corporate database, Qichacha.

Zoyte Auto auction fails again

On March 24th, the auction of Chongqing Zoyte Auto Industry Co., Ltd.’s land usage rights, buildings, and other assets has failed for the second time, with an opening bid of RMB1.092 billion. The said properties will be auctioned again with a 20% discount.

BYD’s new Han DM series to hit market on April. 10th

The latest BYD Han DM electric vehicle lineup will be available for purchase on April 10th. Presale of the vehicle has already started, priced from RMB216,800 to RMB322,800.

Evergrande Auto opens up new subsidiary

According to China’s corporate database Qichacha, Evergrande Auto has established a new auto sales company on March 24th, namely Hengchi Guorui New Energy Auto Sales (Shanghai) Co., Ltd. The company has a registered capital of RMB100 million.

BYD, Shell to build joint venture for EV charging network development in China

Global energy giant Shell and Chinese automaker BYD plan to build a joint venture focusing on developing an electric vehicle (EV) charging network in China, as part of the global strategic cooperation both parties reached on March 24.

Shenzhen subsidizes car replacement to boost auto sales

The government of Shenzhen city, Guangdong province has decided to offer a new round of incentives to consumers who replace their older cars with newer ones, as part of the efforts to boost car sales, according to a document recently issued by the Commerce Bureau of Shenzhen Municipality.

WeRide scores $400 million investment with $4.4 billion valuation

China’s autonomous driving startup, WeRide, recently closed its latest financing round, raising over $400 million, a local media outlet reported on March 23rd.

SKYWORTH Auto’s HT-i adopts BYD’s DM-i super hybrid system

Chinese vehicle startup SKYWORTH Auto released the images of an all-new model, dubbed HT-i, earlier this week. Reportedly, the model will be available for presale from April and is expected to hit the market in late August this year.