Gasgoo Daily: Geely Technology Group, GTA Semiconductor team up on auto-grade chip development

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.

Geely Technology Group, GTA Semiconductor team up on auto-grade chip development

On Jan. 12, 2023, Geely Technology Group and GTA Semiconductor, a Chinese automotive IC (integrated circuit) manufacturer, signed an agreement, under which the duo will conduct all-around strategic cooperation on the R&D, manufacturing, and market applications of automotive-grade chips, and talent development.

Photo credit: Geely Technology Group

Former GWM's president said to take on as CEO of XPeng

Wang Fengying, former president of Great Wall Motor, will succeed He Xiaopeng as the CEO of the Chinese electric vehicle startup XPeng, some local media outlets reported today. After being reached for a comment, XPeng didn't officially confirm the information, but said it started to reshuffle its internal organization since the second half of last year with some preliminary results reached already. Amid the ongoing adjustment, outstanding talents from various industries are welcomed by XPeng, said the company.

Leapmotor likely to debut vehicle model built on all-new B platform in Q3 2023

The vehicle model riding on Leapmotor's all-new B platform, code-named B11, is expected to be unveiled in the third quarter of 2023, Zhu Jiangming, founder and chairman of Leapmotor, recently revealed.

SinoHytec goes public in Hong Kong

On Jan. 12, 2023, Beijing SinoHytec Co., Ltd. ("SinoHytec"), a Chinese high-tech enterprise focusing on hydrogen fuel cell engine R&D and industrialization, celebrated its public listing on the Hong Kong Stock Exchange.

China's annual new energy vehicle sales almost double YoY in 2022

In the year 2022, China's overall auto output and sales all sustained a growing momentum, especially the performance of new energy vehicles (NEVs). In the meantime, the country's auto export volume remained promising, with its monthly records refreshed repeatedly.

BYD ships 500 ATTO 3s to Malaysia

Recently, a ship loaded with 500 BYD ATTO 3s has departed from Shanghai Port for Malaysia, according to a post on BYD’s WeChat account.

Toyota Motor sees first YoY drop in annual China auto sales in a decade

In the last month of 2022, the three major Japanese automakers, namely Toyota Motor, Honda Motor, and Nissan Motor were all confronted with a less-than-expected annual sales performance in China, with Nissan taking the heaviest toll and Toyota the slightest. 

Bosch to build R&D, manufacturing base for core NEV parts, autonomous driving in China's Suzhou city

Bosch Automotive Products (Suzhou) Co., Ltd. ("Bosch Suzhou"), a wholly-owned subsidiary of Bosch Group, on Jan. 12 signed an investment agreement with the Administration Committee of Suzhou Industrial Park to build an R&D and manufacturing base for core new energy vehicle (NEV) parts and autonomous driving technologies in Suzhou city, Jiangsu province, according to a post on Bosch Group's WeChat account.

China sees annual power battery installed capacity zoom up 90.7% YoY in 2022

In Dec. 2022, China's power battery output reached 52.5GWh, leaping 65.9% year on year, while sliding 15.8% month on month, according to the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).

FAW Group aims to sell 4 million in 2023

China's major automaker FAW Group saw its 2022 annual sales volume reach 3.2 million vehicles, the company announced at a press conference on Monday.

Apollo Future Mobility to acquire WM Motor's subsidiary for US$2.023 billion

A wholly-owned subsidiary of Apollo Future Mobility Group Limited ("Apollo Future Mobility"), a HK-listed smart mobility solution provider, and the Chinese electric vehicle startup WM Motor Holdings Limited ("WM Motor") entered into an agreement on Jan. 11 under which the former conditionally agreed to buy shares from the latter, at a consideration of US$ 2,023.27 million (roughly HK$15,853.71 million), according to a statement Apollo Future Mobility issued to the Hong Kong stock exchange.