Gasgoo Daily: Tesla’s Gigafactory Shanghai rolls off 3 millionth vehicle

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.

Tesla’s Gigafactory Shanghai rolls off 3 millionth vehicle

On October 11, Tesla's Gigafactory Shanghai reached a production milestone as its 3 millionth vehicle, a Model Y, rolled off the production line. This marks a significant achievement for Tesla's China operations.

Photo credit: Tesla

Li Auto partners with China Automotive Engineering Research Institute 

On October 10, Li Auto signed a strategic cooperation agreement with China Automotive Engineering Research Institute (CAERI) at its Beijing R&D headquarters. The partnership will focus on integrated safety evaluations and research based on user needs, safety technology trends, and real-world traffic accident data.

Mogo.ai signs vehicle-road-cloud integration project in Shanghai’s Anting

Autonomous driving tech company Mogo.ai signed a strategic cooperation agreement in Shanghai’s Anting Town on October 11 to deepen collaboration in "vehicle-road-cloud integration." The project will focus on technology validation, infrastructure, and demonstration applications in Anting.

China posts YoY jump in new energy passenger car wholesales, exports in Sept. 2024

China's new energy passenger vehicle (NEPV) production reached 1.219 million units in September 2024, shooting up 51.5% from the year-ago period while jumping 16.2% from the previous month. In September, China’s NEPV wholesales stood at 1.231 million units, surging 48.1% year on year and rising 17.2% month on month, according to data provided by the China Passenger Car Association.

China’s monthly new energy vehicle sales, production hit new high in Sept. 2024

In September 2024, China's auto production and sales stood at 2.796 million and 2.809 million vehicles, rising a respective 12.2% and 14.5% from the previous month but notching down 1.9% and 1.7% from the previous year, according to data from the China Association of Automobile Manufacturers (CAAM).

BYD’s first electric buses for South Africa roll off line at Qingdao factory

On October 8, BYD marked a significant milestone as the first 20 electric buses for a South African order rolled off the production line at the company's Qingdao factory, according to a post on BYD Commercial Vehicle's WeChat account.

Yueda Kia scores YoY jump in Sept. 2024 vehicle sales, output

In September 2024, Yueda Kia, the joint venture between Kia Corporation and China's Yueda Automobile Group, achieved a sales volume of 21,958 vehicles, marking a year-on-year jump of 32.2%, continuing its streak of four consecutive months with sales surpassing 20,000 units, according to a post on the company's WeChat account.

China’s power battery installed capacity surges 49.6% YoY in Sept. 2024

In September, China's power battery installed capacity reached 54.5 GWh, a 15.5% increase from the previous month and a 49.6% rise year-on-year, according to data by the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA). 

AVATR Technology reportedly seeks 10 billion yuan in Series C financing

AVATR Technology is currently in the process of raising around 10 billion yuan in its Series C financing round, which will bring its post-investment valuation to over 30 billion yuan, according to a local report on October 11. The announcement was made by AVATR's President Chen Zhuo during a supplier partnership meeting.

Leapmotor settles new energy vehicle component projects in Huzhou city

On October 11, Chinese new energy vehicle maker Zhejiang Leapmotor Technology Co., Ltd. signed four industrial projects and one strategic cooperation agreement in Huzhou city, Zhejiang Province, with a total investment of approximately 4 billion yuan, according to the Huzhou city’s official public WeChat account.

Li Auto, Sinopec enter into strategic partnership in EV charging field

On October 12, 2024, Li Auto and Sinopec officially signed a strategic cooperation agreement to jointly advance their efforts in the electric vehicle (EV) charging sector.

China’s passenger vehicle retail sales, wholesales grow both YoY, MoM in Sept. 2024

In Sept. 2024, China's domestic passenger vehicle (PV) market retailed 2.109 million vehicles, marking a year-over-year increase of 4.5% and a month-over-month growth of 10.6%, according to data from the China Passenger Car Association ("CPCA").