Gasgoo Daily: FAW-VW hits production milestone of 10 million vehicles

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.

FAW-VW hits production milestone of 10 million vehicles

On Nov. 28, a bZ4X SUV rolled off the production line at the new energy vehicle-dedicated plant of FAW-Toyota, meaning that the joint venture has hit a cumulative production volume of 10 million units.

Photo credit: FAW-Toyota

Baidu, Geely-backed JIDU sets up subsidiary in Wuhan city

JIDU, the intelligent electric vehicle company backed by Baidu and Geely, recently set up a subsidiary in Wuhan city, capital of Hubei province. According to the corporate information platform Tianyancha, the newborn company, named JIDU Technology (Wuhan) Co., Ltd., features a registered capital of $100 million. Its business scope extends to cover sales of charging piles and new energy vehicles, operation of EV charging infrastructures, industrial Internet data service, etc. It is wholly-owned by JIDU Auto (Hong Kong) Limited.

Quadrante, Coba to offer design service to CALB's factory in Portugal

On Nov. 25 local time, CALB inked a cooperation agreement with two world's well-known design companies—Quadrante and Coba, who will provide their design services for the Chinese battery maker's factory in Portugal.

Aiways to supply Thailand's Phoenix EV with 150,000 NEVs

Chinese NEV startup Aiways has entered into a strategic cooperation with the Bangkok-headquartered Phoenix EV in order to supply its new energy vehicles (NEVs) to the latter, a local media outlet reported on Nov. 28.

China's Haier Group sets up auto technology subsidiary

Haier Group, a Chinese multinational home appliances and consumer electronics company, recently set up an automotive technology subsidiary in Qingdao city, which is regarded by some industry insiders as part of preparations to make foray into the automotive industry.

China's intelligent driving solution provider Freetech nabs roughly $100 mln in Series B round

On November 28, China's intelligent driving solution provider Freetech announced the completion of its Series B funding round, which raised for the company nearly $100 million.

Hongjing Drive nabs hundreds of millions of yuan in Series B round

China's autonomous commercial vehicle solution developer Hongjing Drive announced on Nov. 28 it has completed its Series B financing round, which raised for the company several hundred million yuan.

China's locally-made new energy passenger vehicle registrations surge 53% YoY in Oct. 2022

China's monthly registrations of locally-made passenger vehicles ("PVs") reached 1,606,383 units in Oct. 2022, edging down 1.75% from the previous year, while also dipping 10.98% from the previous month, according to the data compiled by Gasgoo Auto Research Institute ("GARI").

SemiDrive bags roughly 1 billion yuan in B+ financing round

Chinese automotive chip supplier SemiDrive announced on November 28 that it has raised nearly 1 billion yuan ($139 million) in its B+ financing round.

Black Sesame Technologies partners with smart mobility solution developer Fusionride

Black Sesame Technologies, Chinese processor supplier, inked a strategic cooperation agreement with Fusionride, a local smart mobility solution provider, at the latter's FUSIONRIDE DAY 2022 product launch event on November 25.