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.

BYD Han said to debut convertible model

Judging from a set of leaked photos online, the BYD Han lineup may be expecting a two-door four-seats convertible addition. 

Tesla’s leasing subsidiary in China raises registered capital to $140 million

On December 22nd, Tesla Finance Leasing (China) Co., Ltd. has increased its registered capital from $30 million to $140 million, more than quadrupled, by 366.67%, according to the corporate database, Qichacha. 

HOZON Auto’s NETA launches toy EV for children

HOZON Auto’s NETA EV brand has put a toy EV on the market for children, priced at RMB2,999. According to the company, the toy car is made for kids from age 3 to 8, with a maximum speed of 5km/h.

Photo credit: HOZON Auto

Yuchai Group debuts first commercial vehicle hydrogen engine in China

Guangxi Yuchai Machinery Group Co., Ltd. (Yuchai Group) has successfully built and debuted China’s first hydrogen-fueled commercial vehicle engine.

Horizon Robotics teams up with RoboSense for ADAS development

China’s edge AI developer, Horizon Robotics, has reached strategic cooperation with China’s LiDAR supplier, RoboSense, to push forward the development of intelligent transportation and autonomous driving.

Bosch breaks ground on new base for Chongqing-based hydrogen powertrain JV

Bosch Powertrain Solutions China announced on Dec. 22 it has broken ground on a new facility for Bosch Hydrogen Powertrain Systems (Chongqing) Co.,Ltd. in Chongqing, another significant base to Bosch's electrification strategy.

HUAWEI, MINIEYE launch iPilot intelligent driving solution

China’s intelligent driving solution developer MINIEYE introduced its cooperative achievement, the iPilot L2+/L2++ intelligent NOP mass-producible solution with HUAWEI.

China’s CALB to build 20GWh+ power battery manufacturing base in Europe

Chines battery manufacturer CALB (China Lithium Battery Technology Co., Ltd.) and German construction engineering company Drees & Sommer signed a strategic cooperation agreement earlier this week for a battery manufacturing project, according to a post on CALB’s WeChat account.

Leapmotor sets up powertrain technology subsidiary

China’s EV startup, Leapmotor, has established a new subsidiary, Zhejiang Lingsheng Power Technology Co., Ltd., according to the corporate database, Qichacha.

China’s locally-made PV deliveries likely to grow 4.1% YoY in 2021: CPCA

China's retail sales of locally-produced passenger vehicles (merely including cars, SUV, and MPVs) are anticipated to reach 2.05 million units in December 2021, dropping 10.4% year on year, according to the China Passenger Car Association (CPCA).

HUAWEI introduces first AITO vehicle starting from $39,250

On December 23rd, China’s ICT mogul, HUAWEI, introduced the AITO M5 (M5) mid-size SUV, co-developed with its automaking partner, SERES.