Gasgoo Daily: CATL becomes investor of Avatr Technology

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 becomes investor of Avatr Technology

According to the business data platform Qichacha, CATL recently joined the shareholder lineup of Avatr Technology (Chongqing) Co., Ltd., which was previously known as Changan NIO, a joint venture between Changan Automobile and NIO.

AVATR 11；photo credit: AVATR

Dongfeng Kugang's third BEV model hits market

On March 28, Dongfeng Kugang officially put its third BEV model, the Fukang ES600, onto the market with a guidance price of 153,800 yuan ($24,120). It features a NEDC-rated range of 430km.

DENZA's first MPV to be unveiled in April

According to a local media outlet, the first MPV under DENZA, a premium auto brand backed by BYD, will make its debut in April this year with two powertrain solutions (DM and BEV).

Presale of Hengchi 5 to start soon

The Hengchi 5, the first Hengchi-branded model, will soon become available for presale, said Liu Yongzhuo, president of Evergrande Auto.

Gotion High-Tech to mass produce 230Wh/kg LFP battery at end of 2022

The Chinese power battery maker and Volkswagen's partner Gotion High-Tech has already achieved the industrialization for its 210Wh/g lithium iron phosphate (LFP) battery and will put the 230Wh/g LFP battery into mass production at the end of the year, Li Zhen, Chairman and CEO of the company, said on last Saturday at the China EV100 Forum 2022.

Li Auto proposes plan to achieve zero fossil-fuel usage in cities

China's new energy vehicle maker, Li Auto is confident in achieving zero-emission in urban areas in China, its founder and CEO, Li Xiang, said at the China EV100 Forum.

China's intelligent driving startup iMotion completes C+ round, eyes IPO

China's intelligent driving startup iMotion has received over a hundred million RMB in its C+ round of financing, led by iFlytek and China Merchant Group's startup funds.

China's Farasis Energy in second round of negotiations for battery price rise

Chinese power battery maker Farasis Energy is having the second round of negotiations for battery price adjustment with its OEM clients, Zhang Feng, senior vice president at Farasis Energy, said at the China EV100 Forum 2022.

GAC AION to close A round of strategic investor introduction in Q3

GAC AION, the NEV-dedicated arm of GAC Group, plans to complete its A round of strategic investor introduction in the third quarter this year, but it has not decided whether to be listed on the Chinese mainland or in Hong Kong yet, Gu Huinan, general manager of GAC AION, said last Sunday at the China EV100 Forum.

Pony.ai joins hands with NavInfo to advance intelligent driving technologies

On March 28th, China's autonomous driving company, Pony.ai has partnered up with local navigation giant, NavInfo, to advance the current autonomous driving technologies.

CATL announces third-generation CTP tech dubbed “Qilin”

CATL has developed its third-generation CTP (cell-to-pack) battery technology, which is internally dubbed “Qilin Battery”, Wu Kai, chief scientist at CATL, said at the China EV100 Forum last Saturday.