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’s L9 PHEV features 1,315km range on full charge

Li Auto released the power configurations of its second production model, the L9, on March 23rd. The new PHEV is powered by a 1.5T four-cylinder engine and a 44.5kWh battery pack. The range of the vehicle reaches 1,315km with a full tank of gas and full charge.

Photo credit: Li Auto

XPeng sets up battery sales company

According to China’s corporate database, Qichacha, XPeng recently set up a new subsidiary named Lanzhou Pengshao Auto Sales Service Co., Ltd. The new company’s business operation includes auto sales and battery sales.

Foton Motor plans to sign financial service contract with BAIC’s financial arm

Foton Motor announced that the company plans to strike a financial service deal with BAIC Group Finance Co., Ltd. The contracted service includes deposits (no more than RMB3 billion per day), credit loans (general credit limit no more than RMB8.5 billion), settlements, and other services.

CPCA: China’s PV retail volume drops 29% YoY in 3rd week of March

From March 14th to March 20th, China’s domestic passenger vehicle retail volume amounted to 245,000 vehicles, down 29% from a year ago. Compared to the previous week and the same week in February, the volume still declined 23% and 25%, respectively.

DeepRoute.ai to put NVIDIA Drive Orin chip in new Robotaxis in 2022

On March 23rd, China’s autonomous driving startup, DeepRoute.ai announced that the company has adopted NVIDIA’s Drive Orin systematic chip for its production-oriented L4 autonomous driving solutions.

ZF breaks ground on China’s fourth R&D center

ZF Friedrichshafen AG (“ZF”) recently broke ground on a new technology development center in Guangzhou, the capital of Southern China's Guangdong province, marking the further improvement of ZF's China R&D deployment and the ability to serve local clients, the German auto parts said on March 23.

SAIC Motor breaks ground on 2nd phase of Zhengzhou engine base

On March 22, SAIC Motor celebrated the ground-breaking for the second phase of its engine manufacturing base in Zhengzhou city, the capital of China's Henan province.

UPower partners with NVIDIA to launch industry-first open automotive supercomputing platform

On March 23rd, China’s skateboard chassis developer UPower announced its partnership with NVIDIA. With the help of NVIDIA, UPower will build the world’s first open automotive supercomputing platform with flexible computing power.

Geely Auto 2021 revenue up by 10% YoY

Today Geely Automobile Holdings Limited announced improved financial results last year. In 2021, its revenue jumped 10.3% year over year to RMB101.6 billion ($15.9 billion). The company’s profit for the year was RMB4.35 billion ($683 million) while the profit attributable to its equity holders amounted to RMB4.85 billion ($761 million).

Beijing Hyundai sets annual sales target of 520,000 vehicles by 2025

On March 23rd, Hyundai Motor Group disclosed its target to sell 520,000 vehicles annually in China by 2025 via its Chinese joint venture, Beijing Hyundai.

XPeng hits 100,000-unit production milestone for P7 BEV

On March 23, XPeng saw the 100,000th P7 sedan roll off the production line at its Zhaoqing plant, the first all-electric model owned by a Chinese NEV startup to hit this milestone, the automaker announced via its twitter-like Weibo account.

Xiaomi’s automaking team expands to over 1,000 members with vision in autonomous driving

By March 22nd, China’s tech giant Xiaomi’s automaking team has expanded to over 1,000 members, the company disclosed on its 2021 annual financial report.

China expects 50,000 FCVs to run on roads by 2025

The Chinese government is aiming to put around 50,000 fuel cell vehicles (FCVs) on the roads by 2025, according to a document jointly issued by China's National Development and Reform Commission (NDRC) and National Energy Administration on March 23.

Li Auto lifts vehicle price

Chinese electric vehicle start-up Li Auto has become the latest automaker to lift product price, joining such players as XPeng, Tesla.