Gasgoo Daily: ORA Good Cat GT 401km trim hits market

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.

ORA Good Cat GT 401km trim hits market

ORA’s 2022 Good Cat GT 401km range trim hit the market on June 17th. The model comes in four new interior theme colors and a more urban-appropriate configuration. The model is priced at RM149,000 ($22,245).

Photo credit: ORA

Interior images of AITO M7 released

AITO, the brand from HUAWEI and SERES, released images of the interior design of its soon-to-launch second production model, the AITO M7. The model features a six-seater arrangement with luxury design languages.

Photo credit: AITO

Hefei BYD raise registered capital to RMB2 billion

Hefei BYD Auto Co., Ltd. doubled its registered capital from RMB1 billion ($149.3 million) to RMB2 billion ($298.6 million) recently, according to China’s corporate inquiry platform Qichacha. Founded in July 2021, Hefei BYD is as wholly-owned subsidiary of BYD Auto Industry Co., Ltd.

Chery New Energy recalls 8,067 eQ1s

Due to improperly manufactured components in the brake master cylinder, Chery New Energy issued a recall for 8,067 units of the eQ1 (Little Ant) model manufactured from June 1, 2018 to July 31, 2018.

China’s Inner Mongolia says annual NEV production value to reach dozen billion yuan by 2025

China’s Inner Mongolia Autonomous Region is actively pushing ahead with its new energy vehicle industry development. At a conference on June 17th, local authorities disclosed that the annual production value of the local new energy vehicle industry will reach two-digit billion yuan by the end of 2025.  

BMW iFACTORY in Shenyang to start operation on June 23rd

BMW announced today that the Lida Factory would start operation on June 23rd, marking the German auto giant’s third complete vehicle factory in Shenyang, Liaoning Province.  

AVATR to showcase CHN platform, AVATR 11 at Chongqing auto show

AVATR, the new energy vehicle brand backed by Changan Automobile, HUAWEI, and CATL is reportedly launching its new-generation SEV technology platform, CHN, at the Chongqing auto show this year. 

Ningbo Shanshan breaks ground on battery anode material base in Shanghai

Chinese lithium battery materials supplier Ningbo Shanshan Co., Ltd. (Shanshan) celebrated on June 16 the ground-breaking for its anode base in Shanghai's Lin-gang Special Area, the company announced via its WeChat account.

CATL to launch CTP 3.0 battery ‘Qilin’ soon

CATL will soon launch the all-new battery “Qilin” that uses its CTP (cell-to-pack) 3.0 technology, Wu Kai, chief scientist with CATL, said on June 16 at the 2022 World EV & ES Battery Conference.

Baolong, Metoak sets up joint venture for automotive vision system

China’s auto part supplier Baolong and visual solution developer Metoak incorporated a joint venture for automotive stereoscopic vision development for passenger vehicles.

China’s SVOLT inks agreements with two companies for battery raw materials supply

On June 15, SVOLT Energy Technology Co., Ltd. (“SVOLT”), a Chinese power battery maker carved out of Great Wall Motor (“GWM”), signed strategic cooperation agreements with SDIC Xinjiang Luobupo Potash Co., Ltd. (“Luobupo Potash”) and Hangzhou Five Star Aluminum Co., Ltd. (“Five Star Aluminum”) respectively to strenghten its deployment in the supply of potassium, lithium, aluminum, and other battery raw materials.

Tesla lifts price on Model Y Long Range in China

Tesla raised the price of the Model Y Long Range trim in China, in line with the EV maker’s significant price lift in the US issued a few days earlier.

NXP Semiconductors partners with China’s ArcherMind

China’s automotive intelligence company ArcherMind inked a cooperation agreement with NXP Semiconductors, officially forming a profound partnership.

NIO plans 500,000 units of annual production capacity for mass-market brand

NIO has paved the way for building an annual production capacity of 500,000 vehicles for its yet-to-be-launched mass-market brand, under which the vehicles would be priced around 200,000 yuan ($29,840), William Bin Li, CEO and chairman of NIO, revealed on June 16.