Gasgoo Daily: NIO responds to HFCAA listing situation

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.

NIO responds to HFCAA listing situation

Regarding the recent addition to the Holding Foreign Companies Accountable Act list (HFCAA) by the SEC, NIO said that the company is striving to protect its investors and all beneficiaries. The company will work to keep its public trading status on both Hong Kong Stock Exchange and New York Stock Exchange.

Photo credit: NIO

BMW i3 rolls off the production line in Shenyang

On May 5th, the BMW i3 officially rolled off the production line in BMW’s Shenyang Lida factory. The new i3 went on the market on March 31st this year, starting at RMB349,900 ($52,925).

Photo credit: BMW

Leapmotor unveils photos of C01

Leapmotor released a set of official photos about the upcoming C01 model for the first time. The model is scheduled to be on the market on May 10th.

Photo credit: Leapmotor

CATL to realize sodium-ion battery industrialization by 2023

According to the board secretary of CATL, the company is working on accelerating the industrialization of sodium-ion battery so that it will be completed in 2023.

CATL to launch 3rd-generation CTP battery “Qilin” in Q2 2022

CATL plans to formally launch the “Qilin” battery, its third-generation CTP (cell-to-pack) battery technology in the second quarter of 2022, Zeng Yuqun, CATL's chairman, said on May 5 at the latest annual earnings conference.

China's vehicle inventory alert index in April grows YoY, MoM

China's vehicle inventory alert index (“VIA”), which reflects the inventory pressure on automobile dealers, climbed 2.8 percentage points month on month in April 2022, according to the China Automobile Dealers Association (CADA).

ARCFOX postpones price rise effective date to May 16

BAIC Group’s premium electric vehicle brand ARCFOX postponed the effective date of the previously announced price rise from May 1st to May 16th.

HASCO sees increase in net profit in 2021, Q1 2022

SAIC Motor-backed auto parts supplier HUAYU Automotive Systems Company (HASCO) reported annual revenue of RMB139.944 billion ($21.17 billion) in 2021, up 4.8% year over year.

Qiantu Motor's Ch-Auto eyes SPAC listing on Nasdaq

Ch-Auto Technology Corporation Ltd., the Chinese holding company of Qiantu Motor announced its pursuit of a SPAC listing on the Nasdaq Stock Market.

GAC AION posts 113% YoY surge in Jan.-Apr. sales

GAC AION, the NEV-dedicated arm of GAC Group, sold 10,212 new vehicles in April 2022, representing a 49.74% month-on-month plunge due to the impact of the coronavirus resurgence on the supply chain and production, the company said earlier this week. However, compared to the year-ago period, the NEV maker still scored a 23% growth.

iFLYTEK to set up intelligent driving headquarters in Wuxi city

China’s intelligent speech player iFLYTEK has inked a contract to build its headquarters of intelligent driving technologies in the Economic Development District of Wuxi city.

BYD’s monthly auto sales once again surpass 100,000 units

BYD Company Limited (“BYD”) saw its monthly auto sales hit an all-time high of 106,042 units in April 2022, rocketing 134.43% year on year, while also climbing 1.11% month on month, the company announced earlier this week. It was also the second time for BYD to get a monthly sales volume of over 100,000 units.