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.

Li Auto-related company registers new tech firm in Chongqing

A wholy-owned subsidiary of Leading Ideal HK Limited, a related company of Li Auto, was incorporated recently. The new firm’s registered capital is RMB1.2 billion with business scope covering software, enterprise management, technology service and development.

HiPhi Z finishes extreme cold weather testing

The HiPhi Z, the second flagship model from the brand, has completed its extreme cold weather testing recently. The new model is said to start deliveries within this year.

Photo credit: HiPhi 

XPeng not to compensate for delayed delivery

Because of battery supply constraint, the delivery of the XPeng P5 460 was delayed. Users affected by the delay can choose to cancel the order, change the version or continue to wait for delivery, but with no compensation.

New BMW X5 L said to start production in April

The all-new BMW X5 L is said to be launched during this year’s Beijing Auto Show, which is to be held in April. The new model’s production is expected to start in April or May.

IAT to set up skateboard chassis joint venture with former HUAWEI SVP

China’s automobile design enterprise, IAT Automobile Technology Co., Ltd. (IAT), is planning to establish a joint venture dedicated to skateboard chassis, according to the company’s announcement on February 19th.

HOZON Auto said to close 2 billion yuan new funding round

HOZON Auto, the startup owning the NEV brand NETA, recently secured over 2 billion yuan ($316.22 million) in a new funding round, according to a local media outlet.

SAIC Audi starts presale of Q5 e-tron BEV

The Q5 e-tron, the second model under the SAIC-Audi project, officially became available for presale on Feb. 18. Coming with nine trim levels, the new model is priced between 395,500 yuan ($62,530) and 510,000 yuan ($80,640) in presale.

ECO joins hands with Black Sesame Technologies

China’s automotive domain controller developer, ECO, has partnered with AI chip developer Black Sesame Technologies for autonomous driving solution development.

MINIEYE closes D2 financing round

On February 21st, China’s automotive intelligence solution provider, MINIEYE, announced the completion of its D2 financing round, raising hundreds of millions of yuan.

SAIC Volkswagen gets two land plots to build MEB plant’s supporting facility

SAIC Volkswagen, the joint venture between Volkswagen Group and SAIC Motor, has obtained the right to use two land plots for building a supporting operation center in Anting town as part of efforts to ramp up its Shanghai-based MEB plant’s production capacity, according to a post on the WeChat account of Jiading district.

Sokon Group projects net loss in billions in 2021

Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon Group), the parent company of the auto brand SERES, recently released its 2021 annual performance projection report with an estimated annual loss posted.

China adds about 31,000 public charging piles in January

By the end of January 2022, there were 2.731 million charging piles deployed across China, up 59.1% from the same period of 2021, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA).

FAW Hongqi, Aulton to expand battery swap network to 120 stations in Changchun

FAW Group’s mainstay brand, Hongqi, has deepened its partnership with China’s largest battery-swapping service provider, Aulton, the automaker announced on February 18th.

CATL breaks ground for 2.8 billion yuan projects in Shanghai

On Feb. 19, CATL held a ground-breaking ceremony for its electric chassis R&D facility in Shanghai and the second phase of the intelligent power system R&D and manufacturing base operated by its wholly-owned subsidiary Ruiting Contemporary Amperex Technology (Shanghai) Limited (“Ruiting CATL), the power battery giant announced via its WeChat account.