Gasgoo Daily: Li Auto releases 2021 ESG report

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.

Li Auto Inc. Releases 2021 Environmental, Social and Governance Report

Li Auto Inc., a leader in China’s new energy vehicle market, today published its 2021 Environmental, Social and Governance (ESG) report. It highlights the company’s ESG strategies and accomplishments with respect to sustainable operations, while setting a framework for its future ESG goals and practices.

Li ONE; photo credit: Li Auto

China deploys 10.33 million NEVs so far

China has so far deployed a total of 10.33 new energy vehicles (NEVs), Luo Junjie, spokesperson of China’s Ministry of Industry and Information Technology (MIIT) and director general of the Bureau of Operation Monitoring and Coordination of the MIIT said on April 19 at a press conference.

Hongguang MINIEV; photo credit: SGMW

Hongqi LS7 to hit market on April 24

The Hongqi LS7, a new flagship SUV under FAW Group's premium brand Hongqi, will go on sale on April 24. It will be equipped with a 4.0-liter V8 turbocharged engine.

Former FAW-VW's sales executive joins Cowin Auto

Zhao Shiqian, former director of FAW-Volkswagen sales company’s marketing business, has joined Cowin Auto, a subsidiary of Chery Automobile, to assume the role of the deputy general manager of Cowin Auto’s sales company.

Geely Auto releases photos of Geometry E's interior

Geely Auto recently released several photos of the interior of the Geometry E all-electric SUV. The model is set to hit the market in the second quarter of 2022.

Geometry E's interior; photo credit: Geometry

Hebei province to newly build 34,000 public charging piles in 14th five-year plan period

During the 14th five-year plan period (2021-2025), about 34,000 public charging piles are expected to be newly built across Hebei province, according to a document recently issued by Hebei Development & Reform Commission.

Great Wall Motor starts presale of ORA Ballet Car

Chinese automaker Great Wall Motor kicked off the presale of the ORA Ballet Cat today. The BEV model will go on sale in mid-May with two trim levels offered.

Geely to build PHEV manufacturing facilities at Linhai industrial park

Zhejiang Haoqing Automobile Manufacturing Co., Ltd. (“Haoqing”), an automobile manufacturing company wholly owned by Zhejiang Geely Holding Group, has signed an agreement with the government of Linhai, a county-level city in Taizhou, Zhejiang province, to develop a plug-in hybrid electric vehicle (PHEV) manufacturing project, according to “Taizhou Fabu”, an official WeChat account of Taizhou’s government.

NIO completes building of 900 battery swapping stations in China

On April 18, NIO announced the launch of its 900th battery swapping station in China, which is located in Jiangning District, Nanjing city, according to a post on NIO's WeChat account.

China's AI chip startup HOUMO.AI closes Pre-A+ round

China’s AI chip developer HOUMO.AI recently closed its Pre-A+ financing round, raising hundreds of millions of yuan.

BYD's net profit forecasted to surge 174%-300% YoY in Q1 2022

BYD Company Limited (“BYD”) announced on Monday its quarterly net profitable attributable to shareholders was forecasted to reach 650 million-950 million yuan ($102.022 million-149.108 million) in the first quarter of 2022, rocketing 174%-300% from the previous year.