Gasgoo Daily: Xiaomi’s EV arm said to qualify for car manufacturing next year
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.
Xiaomi's EV arm said to qualify for car manufacturing next year
Xiaomi Group's electric vehicle arm is expected to get the governmental car manufacturing permit in June or July next year, according to a local media outlet, citing disclosure by Yizhuang New Energy Vehicle Research Institute.
Photo credit: Xiaomi Group
BAW's Wang Pai MPV rolls off line
Chinese automaker Beijing Automobile Works Co., Ltd. (“BAW”) recently saw its first full-sized MPV model, named Wang Pai (Chinese pinyin, meaning “trump card”), roll off the production line at its plant in Qingdao city. The entry-level MPV model is expected for launch this year.
BYD Huweijian 07 to hit market in November
BYD will put the Huweijian 07 (meaning “frigate”) five-seater SUV onto the market next month. The model will come with two powertrain solutions with a presale price range of 220,000-280,000 yuan ($30,470-38,780).
BYD, Santander Bank forge partnership in Brazilian automobile financing field
On Oct. 18 (local time), BYD's Brazil subsidiary formed a strategic partnership with Santander Bank ("Santander"), a leading Brazilian bank in automotive financing, marking another major step following BYD's foray into Brazil's passenger vehicle (PV) market last year, according to a press release from BYD.
In Sept. 2022, Chinese NEV startup Li Auto recorded monthly registrations of 11,575 units, including 1,458 Li ONEs and 10,117 Li L9s, according to the data compiled by Gasgoo Auto Research Institute ("GARI").
Chinese lithium battery materials supplier Ningbo Shanshan Co., Ltd. (“Shanshan”) intends to raise 6 billion yuan ($830.921 million) through a non-public stock issuance to expand its production capacity of lithium ion battery anode materials, according to a scheme released by the company on Oct. 18.
SERES Auto, Chinese ICT giant Huawei’s first official automaking partner, saw its auto registrations reach 8,729 units in September 2022, according to the data compiled by Gasgoo Auto Research Institute (GARI).
Guangzhou, one of Chinese metropolises and the capital of Guangdong province, aims to deploy around 1,000 supercharging stations and 200 battery swapping stations by the end of 2024, according to a document released by the Guangzhou Municipal Industry and Information Technology Bureau.
On October 18, Huawei’s auto partner, SERES Auto, inked a strategic framework agreement with Wencan Group, a Chinese automotive die casting company in the new energy vehicle field.
The German auto giant, BMW, is planning to pour in another ten million yuan to expand its high-voltage battery manufacturing center in Shengyang, Liaoning Province, according to Global Times citing an insider of BMW China.
On Oct. 16, BYD officially put its Yuan PLUS all-electric SUV onto the passenger vehicle (PV) market of Mongolia, with the help of its local dealer partner, MSM Group.
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