With ZXZC 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 halts “0 down payment” financial plan

Three days after Tesla started to offer the zero down payment financial plan, the company abruptly canceled the option, and the minimum down payment was then adjusted to 10%.

Photo credit: Tesla

XPeng sets up new charging station sales company

China’s EV startup XPeng recently established a new company, Jiaxing Pengxing Automobile Service Co., Ltd., with a RMB10 million ($156.38 million) registered capital. The new company’s business scopes include EV charging infrastructures operations, sales, and EV sales.

Tencent doubles TAI V2X application YoY

China’s tech giant Tencent disclosed that the company’s TAI V2X (vehicle to everything) ecosystem witnessed a 100% growth in application volume from a year ago to over 7 million vehicles, covering more than 150 vehicle models from at least 35 automakers. Tencent’s cloud digital base server has reached over 1 million units, with more than 9,000 business partners.

Geely establishes energy technology company

According to corporate database Tianyacha, Geely has set up a new company for new energy technologies R&D, EV charging infrastructure operations, integrated quick-charging stations, and small-to-micro bus rental businesses. The new company is named Ningbo Haoneng Hanyuan Energy Technology Co., Ltd.

GWM’s WEY Macchiato PHEV to hit market in November

The Macchiato PHEV from Great Wall Motors’ WEY brand will be on the market this month. The PHEV is powered by a 1.5L plug-in hybrid system, with 71kW engine power and 115kW electric motor power.

Photo credit: WEY

Former Huawei autonomous driving R&D head joins Geely’s ZEEKR

Former director of Huawei’s autonomous driving develpment business was reported to join Geely Holding Group’s ZEEKR brand on Wednesday, and later the automobile brand confirmed the news.

Tesla denies rumored location of second Chinese factory

Last night, the recent hot topic about Tesla’s second factory in China was directly denied by Grace Tao, vice president of Tesla.

Oil-fueled vehicles only account for 9.9% of BYD’s Oct. auto sales

BYD Company Limited (BYD) boasted an 88.42% year-on-year hike in Oct. auto sales, which stood at 89,935 units, the company announced on Wednesday.

SAIC’s Feifan Auto gets almost 3,000 orders in Oct.

SAIC Group’s Feifan Auto (former R Auto) is getting more favorable among consumers, judging from its October performance results, thus backing the group’s decision to promote the young subsidiary strongly.

China’s OS developer ThunderSoft to establish new firm for foray into intelligent driving

ThunderSoft, China’s leading provider of operating system technologies, released an announcement stating the company’s plan to set up a joint intelligent driving firm with Beijing Jiacheng Hehua Technology Co., Ltd (Jiacheng Hehua).

Geely's ambition for 2025

On the last day of October, China’s Geely Holding Group surprised the industry with nine ambitious initiatives under Smart Geely 2025 Strategy.

Shanghai issues incentives to spur development of FCV industry

Chinese megacity Shanghai is ambitious to significantly boost the development of fuel cell vehicle (FCV) industry by offering generous incentives.

SAIC Motor sees Jan.-Oct. sales edge down 0.21% YoY

SAIC Motor's monthly auto sales reached 582,137 units, sliding 2.44% year on year, while jumping 12.86% month on month, according to the sales results the group released on Thursday.