Gasgoo Daily: CATL to extend tech licensing cooperation model to more European and American auto companies

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 to extend tech licensing cooperation model to more European and American auto companies

CATL's Chairman Zeng Yuqun, during his attendance at the 2024 World Economic Forum in Davos, stated that CATL has established a fruitful collaboration with Ford Motor Company. CATL adopts a service model based on technology licensing, assisting Ford in constructing its own battery factories.

Photo credit: CATL

Mr. Zeng added, “We will also provide similar service models for many automotive manufacturers and even battery manufacturers in Europe and the United States, assisting them in swiftly establishing battery production facilities and becoming world-class factories to address climate change. That is our goal."

Hyundai's first N Lounge in China opens doors

The first N Lounge in China for Hyundai N, Hyundai’s sub-brand for high-performance cars, engines, and related technologies, officially opened on January 19, 2024, at the Tianma Circuit in Shanghai. This marks the brand’s beginning of providing comprehensive services for 'N Players' and high-performance car enthusiasts.

NETA Auto launches first OTA upgrade for NETA X’s users

On January 22, the NETA X, a compact SUV model under NETA Auto, greeted its first OTA (over-the-air) upgrade with seven new functions newly added, including DMS (driver monitoring system), Karaoke TV, the Nap + Car Wash Mode, and a completely new gesture interaction approach. Besides, up to 100 functional experiences will be optimized through the OTA upgrade.

Baohang Automotive secures corner-radar contract from VinFast

Radar maker Baohang Automotive, the joint venture between Chinese auto parts supplier Baolong Automotive and Chuhang Technology, has successfully secured the corner radar contract for Vietnamese automaker VinFast's VF series comprising five vehicle models, according to Baolong’s announcement on January 23.

Geely's Farizon Auto ships first V6E vans to Turkey

On January 20, Geely's Farizon New Energy Commercial Vehicle Group ("Farizon Auto") exported the first batch of the V6E vans to Turkey, officially setting sail from the Shanghai port, according to a post on Farizon Auto's WeChat account.

FAW Group, Alibaba Cloud launch GPT-BI large model-based data-driven application

On January 22, FAW Group, a major Chinese automaker, in collaboration with Alibaba Cloud, introduced the groundbreaking GPT-BI (Business Intelligence) application, further boosting FAW Group's digital transformation.

Horizon Robotics open-sources Sparse4D autonomous driving algorithm

On January 22, Horizon Robotics made a significant move by open-sourcing its leading Sparse4D series pure vision autonomous driving algorithms. This initiative aims to foster collaboration among developers and encourage collective exploration into cutting-edge technologies like end-to-end autonomous driving and sparse perception.

Gecko Motors completes Pre-A funding round for new energy commercial vehicle R&D

Shenzhen GECKO New Energy Vehicle Technology Co., Ltd. ("Gecko Motors"), a Chinese company with advanced digital chassis as the core, recently announced the completion of a Pre-A round financing, which bagged for the company hundreds of millions of yuan.

Car retail platform Huasheng Haoche bags 650 million yuan in new funding round

On January 22, China's automotive new retail platform, Huasheng Haoche, announced that it had raised 650 million yuan in a new financing round, which was led by local state-owned asset divisions.

SAIC Motor breaks ground on new battery base in Nanjing city's Jiangbei New Area

On January 21, the groundbreaking ceremony for the battery and new energy power technology factory project at the Jiangbei New Area base of Nanjing Automobile Group was held in Nanjing city, according to a post on SAIC Motor's WeChat account.

WeRide deploys L4 unmanned Robosweepers for commercial sanitation service in Beijing

WeRide, the Chinese autonomous driving solution developer, has officially launched its unmanned street cleaning vehicle, Robosweeper, in Beijing's Economic and Technological Development Area.

Chery Holding eyes sales growth rate 10-20 percentages points higher than industry average in 2024

On January 22, Chinese automaker Chery Holding brought together its four major brands—CHERY, EXEED, JEOUTR, and iCAR—to discuss the 2024 business strategies for the company.