Gasgoo Daily: China’s automobile parc reaches 312 million units

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.

China's automobile parc reaches 312 million units

China's motor vehicle parc has to-date amounted to roughly 408 million units, 312 million of which were automobiles, according to China's Ministry of Public Security (MPS).

China likely to export over 2.4 million vehicles annually in 2022

According to data by the China Association of Automobile Manufacturers ("CAAM"), China's monthly automobile exports hit an all-time high level in July 2022. The country's annual vehicle export volume is expected to exceed 2.4 million units this year.

Aulton completes 30 million battery swaps

Chinese battery swap station operator Aulton New Energy announced today that it had offered 30 million battery swaps cumulatively, setting a new record for the industry.

China's chassis-by-wire developer Global Technology completes Pre-C round

China's chassis-by-wire developer, Global Technology, announced the completion of its pre-C financing round, raising hundreds of million yuan.

HiPhi Z to hit market on August 26th

Chinese high-end new energy vehicle maker Human Horizons will see its second production model, the HiPhi Z, officially hit the market on August 26th at the Chengdu Motor Show 2022.

CATL plans to build power battery system production base in Hungary

CATL announced on August 12 that its board of directors had approved the proposal of building an industrial new energy vehicle ("NEV") battery base in Hungary.

Dongfeng Motor launches Hubei's first power battery safety storage base

On August 9, Dongfeng Motor's technology center started the usage of its power battery storage boxes, indicating the launch of the first power battery safety storage base in China's Hubei province.

Xiaomi's autonomous driving team has over 500 staff members

Chinese tech giant Xiaomi's autonomous driving team has grown to over 500 employees, Lei Jun, founder and chairman of Xiaomi, disclosed on August 11th.

Changan Automobile, Desay SV to co-develop domain controllers

China's leading auto part supplier Desay SV inked a strategic cooperation agreement with Changan Automobile in the field of domain controller.

GAC Group to build subsidiary for electric drive system production

GAC Group announced on August 11 it would invest a total of 2.16 billion yuan ($320.218 million) in building an electric drive technology subsidiary.