Gasgoo Daily: BatteroTech, Wolong Electric Group sign strategic cooperation agreement

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.

BatteroTech, Wolong Electric Group sign strategic cooperation agreement

On the afternoon of May 6th, Chinese leading battery solution provider BatteroTech and Wolong Electric Group entered into a strategic cooperation agreement. Under the agreement, the two companies will collaborate in key areas such as the dual-carbon economy, digital economy, new energy, new infrastructure, and supply chain management.

Photo credit:  BatteroTech

China's Anhui province promotes vehicle replacement initiative

The Department of Commerce of Anhui Province, in collaboration with 16 other departments, recently issued the "Anhui Province Action Plan for Promoting the Replacement of Consumer Goods." The plan targets a 50% increase in scrapped vehicle recycling volume by 2025, compared to 2023, and a 15% increase in the recycling number of waste household appliances. By 2027, the goals include doubling the scrapped vehicle recycling volume from 2023, boosting annual second-hand car transactions by 45%, and increasing the recycling of waste household appliances by 30%.

MOTIONSILICON, arm China forge partnership

MOTIONSILICON, a Chinese tech company focusing on design of automotive semiconductor chips, recently formed a partnership with arm China. MOTIONSILICON  said it will develop high-security, high real-time processing chips based on the advanced Arm® Cortex®-R52 and higher-end Cortex-R series platforms supplied by the latter. These processors are specifically designed to meet the automotive industry's critical demands for high performance, reliability, and safety control functions.

Skyworth Auto, Saudi Arabia's KAG Group form cooperation valued at 10 billion yuan for 1st phase

On May 7 and 8, the CEO of KAG Group, which is owned by HRH Princess Rima bint Abdullah bin Abdulaziz Al Saud of Saudi Arabia, visited Xuzhou, Jiangsu province, to engage in strategic discussions and sign a ten-year collaboration agreement with Chinese new energy vehicle maker Skyworth Auto.

The strategic partnership with Skyworth Auto is structured in two phases with the initial five-year phase involving a business collaboration plan valued at 10 billion yuan. The subsequent five-year phase will expand based on the outcomes of the initial phase.

GAC Energy's Hunan subsidiary plans to build 300 EV charging stations in 3 years

On May 6, GAC Energy Technology (Hunan) Co., Ltd. was officially incorporated, marking a significant milestone in GAC Group's strategic business expansion in Hunan province, according to a press release from GAC Group.

Dongfeng Motor Group achieves 11.32% YoY rise in Jan.-Apr. auto sales

In April 2024, Dongfeng Motor Group Company Limited (Dongfeng Motor Group) sold 142,625 vehicles, which is 129 units more than that of a year ago, according to the automaker's announcement on May 9.

GAC Group sees Apr. 2024 wholesales slide 24.78% YoY

GAC Group reported automobile wholesales totaling 133,313 units in April 2024, marking a 24.78% decline year-over-year. From January to April, the company's total wholesale volume reached 543,011 units, representing a 24.28% decrease compared to the same period last year.

HYCAN ships first batch of cars overseas

Recently, HYCAN, a Chinese new energy vehicle maker partly backed by GAC Group, officially dispatched its first batch of exported cars from Hangzhou, according to the official Wechat account of HYCAN. The product lineup includes the V09, the A06 PLUS, and the Z03 models.

Honda Motor's China retail sales drop 22.18% YoY in April

In April 2024, Honda Motor retailed 73,831 vehicles across China, marking a year-on-year decrease of 22.18%, according to the  Japanese automaker's official data.

Nissan Motor posts 10.43% YoY dip in Apr. China sales

On May 8, Japanese automaker Nissan Motor announced its performance for April in China. The company’s total sales, including both passenger vehicles and light commercial vehicles, reached 54,921 units in the world's largest auto market, dipping 10.43% year on year.

BMW Brilliance celebrates 6 millionth vehicle rolling off production line in Shenyang

On May 8, 2024, BMW Brilliance achieved a significant milestone at its Dadong plant in Shenyang, with the production of the joint venture’s 6 millionth vehicle.

JAC Group scores 52.03% YoY surge in Apr. auto exports

In April 2024, JAC Group sold 31,896 vehicles, which dropped 12.95% year on year, according to the automaker’s announcement on May 8.

Chongqing to build over 2,000 supercharging stations by 2025

China's Chongqing Municipal Government recently issued a document announcing its major administrative decisions for 2024. Among these, it outlined a new action plan for the implementation of supercharging facilities for new energy vehicles (NEVs), aiming to have constructed more than 2,000 supercharging stations and more than 4,000 supercharging piles by 2025.

NIO's 500,000th mass-produced vehicle rolls off line

On the morning of May 9, NIO celebrated a significant milestone as its 500,000th mass-produced vehicle, an All-New ES8 SUV, rolled off the production line at its second factory located in the Xinqiao Smart Electric Vehicle Industrial Park in Hefei, the capital of Anhui province, according to a post on the official WeChat account of Hefei government, named “Hefei Fabu”.

Shanghai grants approval for Tesla's Megapack factory in Lingang New Area

On May 6, the Management Committee of Shanghai Lingang New Area announced the administrative licensing decision approving the construction scheme of Tesla's Megapack battery plant project in the city.

Dongfeng Motor plans to launch MHERO 917 in Middle East

On May 8, Dongfeng Motor announced via its official WeChat account that its MHERO 917 luxury electric off-roader is set to enter the Middle East market, with current testing underway in the UAE.

CATL, CMA CGM to co-develop solutions for greenhouse gas emission reduction

On May 7, local time of Paris, Chinese power battery giant CATL signed a cooperation agreement with French shipping giant CMA CGM. The partnership is poised to harness the strengths of both companies, focusing on the creation of comprehensive solutions for reducing greenhouse gas emissions.

Chongqing to build over 2,000 supercharging stations by 2025

China's Chongqing Municipal Government recently issued a document announcing its major administrative decisions for 2024. Among these, it outlined a new action plan for the implementation of supercharging facilities for new energy vehicles (NEVs), aiming to have constructed more than 2,000 supercharging stations and more than 4,000 supercharging piles by 2025.

BMW Brilliance celebrates 6 millionth vehicle rolling off production line in Shenyang

On May 8, 2024, BMW Brilliance achieved a significant milestone at its Dadong plant in Shenyang, with the production of the joint venture’s 6 millionth vehicle.