Gasgoo Daily: CATL’s subsidiary invests in Chery Holding

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.

CATL's subsidiary invests in Chery Holding

According to the corporate information inquiry platform Tianyancha, Chery Holding recently introduced Ningbo Meishan Bonded Port Area Wending Investment Co., Ltd. into its lineup of shareholders. Taking 3.73% stake in Chery Holding, the new investor is a wholly-owned subsidiary of CATL.

Tiggo 8 Pro; photo credit: Chery Automobile

Haiqi Group, Haima Automobile team up on building smart mobility system

On Dec. 11, Chinese automaker Haima Automobile signed an agreement with Hainan Haiqi Transportation Group Co., Ltd. to jointly build tailor-made all-electric vehicle and fuel cell vehicle models based on the local application scenarios in Hainan province.

Enovate Motors to build new energy vehicle production base in Saudi Arabia

On Dec. 7 local time, Enovate Motors inked an agreement with Sumou Holding to build a joint venture in Saudi Arabia, under which a new energy vehicle R&D and production base with an annual manufacturing capacity of around 100,000 units will be constructed. The project, which is set to be built in two phases, is planned to involve a total investment of $500 million.

GAC Group breaks ground on factory of Yinpai Battery Technology

On Dec. 11, GAC Group broke ground on the factory of Yinpai Battery Technology Co., Ltd. ("Yinpai Battery"), which is set up to help the Guangzhou-based auto giant build its own strengths in R&D and production of power batteries, according to a post on GAC Group's WeChat account.

Autonomous truck developer DeepWay greenlighted for open road test in Beijing

China's commercial vehicle autonomous driving technology developer DeepWay announced on December 9 that it has received the road test license from the Beijing High-level Automated Driving Demonstration Area (BJHAD).

China deploys 4.949 million EV charging piles by Nov. 2022

By the end of Nov. 2022, there had been 4.949 million charging piles deployed across China, up 107.5% compared to the cumulative volume reached by the same period of last year, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA).

QCraft launches NOA solution powered by Horizon Robotics' Journey 5 chip

On December 12, leading autonomous driving solution provider, QCraft, officially launched its advance driving assistance system, namely Qingzhou Chengfeng, which is built on Horizon Robotics' Journey 5 chip.

NIO hits production milestone of 300,000 mass-produced vehicles

NIO announced via its WeChat account its 300,000th mass-produced vehicle rolled off the production line on Dec. 12, only seven months after the birth of the 200,000th one.

China's power battery installed capacity soars 124.6% YoY in Nov. 2022

In Nov. 2022, China's power battery output reached 63.4GWh, soaring 124.6% year on year, while also edging up 0.9% month on month, according to the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).