Gasgoo Daily: NIO denies rumor about NIO digital currency issuance

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 denies rumor about NIO digital currency issuance

NIO responded to recent rumors about the auto startup’s own digital currency that the company has no such plans and is taking legal actions against the false information.

Photo credit: NIO

Mass-produced TANK 700 to make debut in second half of 2022

The mass-produced TANK 700 model from Great Wall Motor’s off-roader brand will be officially launched in the second half of 2022. The model is positioned as a flagship SUV model under the TANK brand.

Geely develops battery pack with longer range 

The chairman of Geely Holding, Li Shufu, said at the 2022 World EV&ES Battery Conference that the company is developing an improved battery pack that offers more range and a quick-charge time of only 15 minutes.

CATL: one in every three EVs is powered by CATL's batteries

According to the chairman of Chinese battery giant CATL, Zeng Yuqun, one in every three electric vehicles in China is powered by CATL’s batteries on average.

GAC Group calls for stricter supervision in battery material prices

The chairman of GAC Group, Zeng Qinghong, said that authorities should reinforce the supervision and guidance in the battery industry to balance out the relationship of supply and demand, coordinating the price of raw materials back to a reasonable range.

NIO to deliver 150kWh batteries from Q4 2022

NIO plans to start delivering its 150kWh “solid-state” batteries in the fourth quarter of 2022, the automaker said today.

Luminar partners with Geely-backed ECARX for automotive safety and autonomous driving

Global automotive technology company, Luminar, announced its partnership with Geely-backed ECARX on automotive-grade technologies with the intent to enable advanced safety and autonomous driving capabilities for both passenger and commercial vehicles.

HOZON Auto closes D3 funding round with over 3 billion yuan raised

HOZON Auto announced on July 21 it had closed its D3 funding round, which raised for the automaker over 3 billion yuan ($443.787 million).

Baidu introduces 6th-generation autonomous vehicle Apollo RT6

China’s tech giant Baidu unveiled its six-generation production-ready driverless vehicle, the Apollo RT6, at the Baidu World 2022 held on July 21st.