Gasgoo Daily: Volvo Cars to launch electric van in China in 2023

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.

Volvo Cars to launch electric van in China in 2023

Volvo Cars has announced the plans to launch its own offshoot of the 009 electric van from the Zeekr brand, which is also part of the Geely Group, in China at the end of 2023, reported by the media outlet electrive. 

Photo credit: Volvo Cars

Xiaomi invests in automotive chip developer KKChips

An affiliated company to China’s smartphone giant and car-making new comer, Xiaomi, was recently added to the list of shareholders of Guangdong KKChips Automotive Electronics Tech Co., Ltd. (KKChips), a Chinese automotive chip developer, according to Chinese corporate information database, Tianyancha. 

Dongfeng Motor likely to put fuel-cell light trucks into pilot operation in 2023

Dongfeng Motor said on an investor interactive platform on January 18 that the company has completed the R&D of hydrogen-fueled 12-tonne and 18-tonne light trucks, both of which may be put into demonstration operation in 2023.

XPeng expects operating profit to turn positive by 2025

Chinese electric vehicle startup XPeng aims to see its operating profit turn positive by 2025, the company’s chairman He Xiaopeng revealed at an annual review meeting this week, which was cited by a Chinese local media outlet.

NavInfo projects 6.21%-12.74% YoY rise in 2022 annual revenue

On January 18, China’s automotive intelligence solution developer NavInfo released the estimated results of its 2022 annual business performance.

Chinese LiDAR developer Hesai Technology turns in IPO prospectus in US

Chinese LiDAR developer Hesai Technology officially submitted its IPO prospectus to the SEC on January 17, in an effort to be listed on the Nasdaq.

CATL teams up with UL Solution for applications of energy storage systems, power batteries

Chinese battery giant CATL announced via its WeChat account it signed an MoU (memorandum of understanding) on Jan. 17 with UL Solution, a global leader in applied safety science, for the strategic cooperation on promoting safer and more reliable applications of battery energy storage systems (BESS) and electric vehicle (EV) batteries.

Horizon Robotics, GAC AION join hands to boost automotive intelligence development

Horizon Robotics and GAC AION inked an all-around strategic cooperation agreement on January 17 regarding automotive intelligence product applications.

WeRide granted Beijing’s first road test permit for L4 self-driving Robobus

On January 18, Chinese autonomous driving startup WeRide was granted with Beijing’s first road test license for L4 self-driving minibus (Robobus) in the Beijing High-level Automated Driving Demonstration Area (BJHAD).

Dongfeng Motor inaugurates intelligent equipment industrial park in Shiyan, Hubei

Dongfeng Motor Parts and Components Group saw its intelligent equipment industrial park officially start operation on January 16 in Shiyan city, Hubei Province.

Faraday Future to relocate China headquarters to China’s Huanggang city

The California-based electric vehicle startup Faraday Future Intelligent Electric Inc. (“FF”) today announced that it has signed a non-binding cooperation framework agreement with the municipal government of China's Huanggang city for promoting its U.S.-China dual-home market strategy.