Gasgoo Daily: CATL, Cowin Auto build new energy technology joint venture
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, Cowin Auto build new energy technology joint venture
Yinbin CATL Cowin New Energy Technology Co., Ltd. was incorporated on June 21, 2022 as a joint venture between Yibin Cowin Automobile Co., Ltd. and CATL New Energy Industry Investment Co., Ltd., a wholly-owned subsidiary of CATL, according to the corporate information provider Qichacha. Its business scope covers recycling and cascade utilization of decommissioned traction batteries, battery manufacturing and sales, and other businesses.
Photo credit: CATL
GAC Group's board approves technical overhaul project for GAC Toyota Engine's production lines
GAC Group announced its board of directors on June 20 approved the proposal to technically overhaul the production lines of GAC Toyota Engine Co., Ltd. The project would involve a total investment of 389.63 million yuan ($58.299 million).
New China-made Lincoln Corsair likely to be unveiled at Auto Chongqing 2022
The new China-made Lincoln Corsair is expected to make its debut at the Auto Chongqing 2022, which will kick off on June 25.
Fujian province to promote removal of restrictions on used car movement
Authorities of Fujian province have drawn up a policy for comprehensively canceling the restrictions on the movement of used cars, in a bid to further boost the circulation of used cars.
BAIC BluePark, the parent company of BAIC BJEV, is working with HUAWEI to enter the ICT giant’s distribution channel, the automaker disclosed at its performance conference on June 20th.
Mercedes-Benz Group AG appointed Paul Gao to the newly created position of Chief Strategy Officer, who would be reporting directly to Chief Executive, Ola Källenius, effective July 1, 2022.
On June 21st, XPeng announced that its vehicle delivery volume officially surpassed the 200,000-unit milestone.
SAIC Motor-affiliated autonomous commercial vehicle developer Utopilot announced it would put its L4 intelligent heavy-duty trucks into trial operation with fewer safety drivers onboard.
The e:NP1, the first production model under GAC Honda’s all-electric vehicle brand e:NP, officially hit the market on June 20. Coming with four trim levels, the new model is priced between 175,000 yuan ($26,180) and 218,000 yuan ($32,620) after subsidies.
According to the announcement SEMCORP released on Monday, the company's designated subsidiary, Shanghai Energy New Materials Technology Co., Ltd. has signed an agreement to build a lithium ion battery separator and coating cutting lines in the area co-administered by the Management Committee of Xiamen Torch Development Zone for High Technology Industries and the government of Xiamen Tong'an district.
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