Gasgoo Daily: BAIC Group’s says sales of ARCFOX vehicles jump 24.84% YoY in Sept. 2022

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.

BAIC Group's says sales of ARCFOX vehicles jump 24.84% YoY in Sept. 2022

BAIC Group today announced via its WeChat account that ARCFOX, its premium electric vehicle brand, scored a 24.84% year-on-year jump in its Sept. 2022 sales. As of now, the EV brand has launched over 150 sales and service shops across China.

ARCFOX αS HI; photo credit: ARCFOX

CATL's Sichuan subsidiary sees hike in registered capital

Sichuan Contemporary Amperex Technology Limited, a wholly-owned subsidiary of CATL, saw its registered capital surge 110% to 4.2 billion yuan ($582.993 million) on Oct. 14, according to the corporate data platform Tianyancha.

Two NIO centers launched on same day

On Oct. 16, NIO opened two NIO Houses, the showroom gallery and members' clubhouse for the electric vehicle brand. The newly launched facilities are located in Shenzhen and Xi'an cities, respectively. Up until now, NIO has deployed 86 NIO Houses across China.

Chinese OTA solution provider ABUP closes Series B round

Chinese OTA solution provider ABUP today announced via its WeChat account that it has completed its Series B funding with nearly 100 million yuan ($13.881 million) raised.

Ganfeng Lithium's Q1-Q3 2022 net profit projected to soar 478.29%-518.73% YoY

Jiangxi Ganfeng Lithium Co., Ltd. ("Ganfeng Lithium"), one of the world's leading producers of battery-grade lithium, announced on Oct. 15 that its net profit attributable to shareholders were estimated to be between 14.3 billion yuan ($1.986 billion) and 15.3 billion ($2.125 billion) for the first three quarters of 2022 (Q1-Q3 2022), soaring 478.29%-518.73% year on year.

ORA Good Cat to hit European market at Paris Motor Show 2022

Great Wall Motor's electric vehicle (EV) brand, ORA, will officially put its signature Good Cat model onto the European auto markets at the Paris Motor Show 2022, on October 17.

Baidu receives Guangzhou, Shenzhen's first permits for high-level urban assistant driving map

The two metropolises in Guangdong Province, namely Guangzhou and Shenzhen, issued their first urban high-level assistant driving map licenses, with Baidu among the first permittees.

Dongfeng Peugeot Citroën YTD sales surpass 2021 annual sales by Oct.16 2022

Dongfeng Motor's Sino-French joint venture, Dongfeng Peugeot Citroën Automobiles (DPCA), celebrated its year-to-date sales volume exceeding 100,600 vehicles by October 16 2022.

Baidu to help Guangxi Autonomous Region with intelligent transportation development

China's tech giant Baidu recently hosted its 2022 Baidu Intelligent Transportation City Summit — Guangxi, in Nanning, the capital of Guangxi Zhuang Autonomous Region.

China's Shanxi province aims to have 10,000 plus fuel cell vehicles by 2025

China's Shanxi province aims to see over 10,000 fuel cell vehicles ("FCV") running on roads by the end of 2025, over 2,000 units should be deployed in its capital city, Taiyuan, according to a document recently released by the Shanxi Development and Reform Commission.