Industry dynamics

ZXZC Daily: NIO responds to US car-selling rumor

Publishtime:2019/08/16 Views:37

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.

NIO responds to US car-selling rumor

NIO’s recent US office move was said to be a sign for it to enter the US auto market. The company responded to a local media outlet that the move does not contain any sub-context but a simple location change. After entering the Norwegian market, NIO said the company plans to try out several other countries, including Denmark, Sweden, Germany, and Holland.

ZXZC Daily: NIO responds to US car-selling rumor

ET5; photo credit: NIO

CATL establish battery-swapping joint venture

Yibin Sanjiang Lvcheng Energy Technology Co., Ltd. was established on January 17th, with a registered capital of RMB80 million. The business scopes of the company include R&D of new energy technologies, sales of new energy vehicles and battery swapping facilities. The company's shareholders are China’s major battery player, CATL, and Yibin Sanjiang Investment and Construction Group Co., Ltd.

FAW Group updates company logo

China’s major automaker, FAW Group, changed its signature logo. The double “E”s of the new logo is interpreted as “Environment” and “Enjoy,” symbolizing the company’s dedication to providing green, low carbon, and joyous mobility experience to consumers.  

FAW Group invests RMB22.2 billion in R&D in 2021

FAW Group disclosed that it has been striving to transform in electrification, automotive intelligence and connection, safe and healthy, and green areas. In order to achieve the targets, FAW invested RMB22.2 billion in R&D in 2021, by estimation. With RMB10.2 billion invested in its wholly-owned brands and RMB5.98 billion in the Hongqi brand.

BYD, FAW Group build battery joint venture

BYD Company Limited and FAW Group recently founded a joint venture dedicated to power battery-related business.

Ford launches China Design Center in Shanghai, introducing new Mondeo

Ford Motor started the operation of its China Design Center located in Shanghai, also the automaker's sixth design center worldwide. In the meantime, the company also introduced its new Ford Mondeo as a symbol of its design language in China.

Baidu’s JiDU unveils pixel-inspired logo for Robocar

JiDU, the jointly owned brand of China’s major automaker Geely and tech giant Baidu, unveiled the pixel-inspired logo of its automotive robot (Robocar) on January 18th.

VW Chinese partner DU-POWER introduces Gangfeng Lithium as new investor

DU-POWER (SuZhou) New Energy Technical Co., Ltd. (called "DU-POWER" for short), a Chinese flexible charging solution provider, recently introduced several new investors, including Jiangxi Ganfeng Lithium Co.,Ltd., (called "Ganfeng Lithium" for short), one of the world’s top producers of battery-grade lithium.

XPeng’s supercharging network covers all 337 cities in Chinese mainland

Chinese EV startup XPeng announced on Tuesday the comprehensive coverage of its supercharging facilities in all 337 cities across Chinese mainland, including 333 prefecture-level cities and 4 direct-administrated municipalities, the first automaker in China achieving this milestone.

CATL launches battery swap service brand 'EVOGO'

Contemporary Amperex Energy Service Technology Ltd. (CAES), a wholly-owned subsidiary of Chinese power battery giant CATL, officially launched on Tuesday its battery swap service brand dubbed "EVOGO".

BlackBerry QNX, China’s Black Sesame Technologies to build autonomous driving platform

China's chip supplier Black Sesame Technologies announced that it had joined hands with BlackBerry QNX to build an open autonomous driving platform.

VOYAH Dreamer's body in white said to roll off production line

VOYAH, the premium EV brand of Dongfeng Motor, was reportedly seeing the body in white of its second model, the VOYAH Dreamer MPV, rolling off the production line, according to local media outlets.

HiPhi’s parent company Human Horizons to set China headquarters in Qingdao

Human Horizons, the Chinese EV startup owning the luxury EV brand, HiPhi, has struck a cooperation agreement with the municipal government of Qingdao to establish its China headquarters in the city.