Gasgoo Daily brings you important automotive news from China every day. For those we report on, the article title contains a hyperlink with more information.
Changan Automobile to build automobile production plant in Thailand
On October 17, at the “One Belt, One Road” CEO meeting, Changan Automobile announced an agreement with the Thai Investment Board to invest 8.8 billion Thai baht (approximately 1.77 billion Chinese yuan) in the construction of a new energy vehicle manufacturing plant in Thailand. signed. The first phase of the project is expected to have a production capacity of up to 100,000 vehicles.
Photo provided by: Changan Automobile
NETA Auto establishes R&D center and assembly plant in Abu Dhabi, UAE
According to the media, NETA Auto, a new energy vehicle manufacturer under Zhejiang Baozou New Energy Automobile Co., Ltd., has a research and development center and an assembly facility in the Smart Autonomous Vehicle Industry (SAVI) complex in Abu Dhabi, United Arab Emirates (UAE). The company plans to establish a factory there. China Daily. The initiative is being led by Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi Investment Office (ADIO).
BYD introduces BYD SEAL model to Australian market
BYD’s all-electric sedan, the BYD SEAL, has already entered the Australian market with a starting price of AU$49,888.
DeepWay delivers 100 smart new energy heavy-duty trucks to Genchi New Energy
On October 17, DeepWay, a new energy smart truck manufacturer supported by Baidu, delivered the first 100 smart new energy heavy trucks, DeepWay Shenxiang Xingchen (Chinese Pinyin), to Yuanchi New Energy (Shanxi) Co., Ltd. did. .
BAIC BJEV to install CATL’s Shenxing battery in ARCFOX vehicles
Beiqi BJEV, the new energy vehicle division of BAIC Motor Group, held an event on Tuesday in collaboration with CATL, China’s power battery giant and one of its main battery suppliers, to showcase its model of CATL’s Shenxing Battery. announced its application to
Flagchip and iSoft Infrastructure Software jointly develop automotive MCU software solution
Flagchip, a Chinese automotive chip supplier, and iSoft Infrastructure Software, a subsidiary of China Electronics Technology Corporation (CETC), recently announced a strategy aimed at jointly developing comprehensive software solutions for automotive-grade MCUs. announced a new partnership.
Dongfeng Nissan Venucia enters Kenya’s new energy vehicle market
On October 17, the Kenya Investment Authority and Dongfeng Nissan’s Venucia brand officially signed the “Agreement of Intent to Cooperate in Promoting New Energy Vehicles in Kenya” in Beijing.
NavInfo implements major shareholder transition
On October 17, NavInfo, a Chinese automotive intelligence solution development company, made an important announcement that it had received the “Share Transfer Registration Confirmation” issued by China Securities Depository and Clearing Corporation Co., Ltd. and handed over by China Swei Surveying and Mapping Technology Co., Ltd. I did it. (It’s called “China Shiwei”).
Li Auto releases images of all-electric MPV “Li MEGA”
Li Auto today released official images of its first all-electric MPV, Li MEGA, providing a comprehensive look at the vehicle’s exterior design from various angles. The model will be officially launched in December this year, will be available for purchase from January next year, and deliveries are scheduled to begin in February 2024, with an estimated price of over 500,000 yuan.
XCMG rolls off first power battery pack using BYD cells
On October 17, Xuzhou Construction Machinery Group (“XCMG”), a Chinese state-owned multinational heavy equipment manufacturing company, announced that its first power battery pack was rolled out of a production line managed by XCMG New Energy Power, a wholly owned subsidiary of XCMG. did. Technology Co., Ltd. (“XCMG Power”).
JAC Group establishes wholly owned subsidiary in Malaysia
Traditional Chinese car manufacturer JAC Group recently added new members to its international team with the establishment of a wholly owned subsidiary in Selangor, Malaysia. Notably, this is JAC’s sixth investment project and fourth wholly owned overseas subsidiary.
BASF signs ink technology agreement with NZRCC for INA production in Ningbo, China
BASF recently entered into a technology licensing agreement with Sinopec Ningbo Zhenhai Refining & Chemical Company (“NZRCC”), a joint venture between Sinopec Zhenhai Refining & Chemical Company and Ningbo city government, to transfer BASF’s proprietary carbonylation technology to isooctanol (INA). ) is intended for use in the production of , according to a post on BASF’s WeChat account.
BYD expects third-quarter net profit to increase 67% to 101.99% year-on-year
For the third quarter, BYD expects net profit attributable to shareholders to be in the range of 9.546 billion yuan to 11.546 billion yuan, recording a significant increase of 67% to 101.99% year-on-year. . The expected net profit excluding non-recurring profits and losses is expected to be 8,605 million to 10,505 million yuan, an increase of 61.29% to 96.90% year-on-year. The company expects underlying earnings per share to be in the range of 3.29-3.97 yuan, compared to 1.97 yuan in the same period last year.
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