Gasgoo Daily: CATL registers new energy resources firm

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 registers new energy resources firm

On April 2, Chinese battery supplier CATL’s wholly-owned subsidiary incorporated a new energy resources company in Sichuan province with a registered capital of RMB2 billion. Its business scope includes technology development of emerging energy and mineral washing processing.

Photo credit: CATL

BAIC Foton executive: commercialization of fuel cell heavy duty trucks to take at least six years

Wu Xibin, general manager of BAIC Foton, said in an interview that if the pilot operated heavy duty trucks have a scale of at least 100,000 units, and the cost of hydrogen per kilogram is under RMB20, the commercialization of fuel cell powered heavy duty trucks is possible. But that will take six or seven years.

VOYAH's March deliveries jump 89% MoM

Dongfeng Motor’s high-end new energy brand VOYAH saw an 89% month-on-month increase in its March deliveries, the automaker announced on April 2nd.

Geely’s EV brand ZEEKR to lift price from May 1

ZEEKR, a young premium electric car brand of Geely Auto, announced today it would raise the price of the ZEEKR 001 in the near future as it was also affected by the industry-wide issues like the raw materials price hike.

China encourages foreign auto companies further investment in local market

China is encouraging foreign enterprises to expand their investments in the world’s largest auto market, according to Vice Commerce Minister Wang Shouwen.

Dongfeng's AEOLUS, DPCA see drastic growth in Q1 sales

Dongfeng Motor’s AEOLUS and Dongfeng Peugeot Citroën both achieved significant growth in quarterly sales in the first three months of 2022, with AEOLUS refreshing its same period sales record, Dongfeng Motor announced on April 1st.

Human Horizons unveils million-RMB production model HiPhi Z GT

On March 31st, Human Horizons, China’s electric vehicle maker owning the luxury brand HiPhi, unveiled its million-RMB mass-production electric vehicle, the HiPhi Z GT, at its 2022 spring launch event.

Mercedes-Benz issues price rise as high as RMB121,000 in China

On April 2nd, Mercedes-Benz lifted the manufacturer's suggested retail price (MSRP) of its existing models in China, with increases as high as RMB121,000 ($19,016).

BYD partners with Guiyang government

On April 1, BYD Company Limited and Guiyang municipal government signed an agreement to conduct the in-depth cooperation in a new-type power battery industrial project, the construction of battery assembly lines, and other businesses, according to a post on the city's governmental WeChat account.

HYCAN announces 8,000% YoY surge in Mar. order volume

Chinese electric car startup HYCAN said on Friday its order volume reached 3,016 units in March 2022, rocketing 8,000% from the previous year.

GAC AION achieves best-ever monthly sales in March 2022

GAC AION, the NEV-dedicated arm of GAC Group, saw its monthly vehicle sales soar 189% year on year to 20,317 units in March 2022, the automaker announced on April 1.

ZEEKR sees MoM drop in March delivery

ZEEKR, the premium EV brand of Geely, saw a month-over-month decline in its monthly delivery volume in March. In the third month of 2022, ZEEKR delivered 1,795 units of its only model on the market, the ZEEKR 001, representing a 38.44% drop from the previous month. During the first three months of 2022, the accumulative delivery volume of the brand amounted to 8,241 vehicles.

Dongfeng Motor saw 5.8% YoY growth in net profit in 2021

Dongfeng Motor Group Corporation (DFMG) released its 2021 annual performance report on April 1st, with positive growth in annual revenue and net profit.