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.

CATL’S CPO predicts sales ban of oil-fueled cars by 2035

CPO of CATL, Ni Jun, said that judging from the world’s new energy vehicle plans, there will be no oil-fueled vehicles sold in the market by 2035, at the World Economic Forum Annual Meeting 2022.

FAW-Volkswagen launches cheaper version of ID.4 CROZZ

FAW-Volkswagen introduced a new trim of the ID.4 CROZZ electric compact SUV, with a post-subsidy price of RMB187,300. The new trim inherits the same design of the existing ID.4 CROZZ trims, with the same 55.7kWh ternary lithium battery, allowing a CLTC range of 425km.

Photo credit: FAW-Volkswagen

GAC Honda’s four-seater Odyssey to hit market in August

GAC Honda plans to introduce a four-seater version of its Odyssey MPV, which will be available on the market in August this year. The four-seater model is said to vie with Buick’s GL8 Avenir.

China’s locally-made PV retail sales anticipated to drop 19% YoY in May 2022: CPCA

China's passenger vehicle (“PV”) retail sales are anticipated to reach 1.32 million units in May 2022, sliding roughly 19% compared to the previous year, according to the China Passenger Car Association (CPCA).

Capital of Henan province to build intelligent connected vehicle cluster worth $30 billion

Zhengzhou, the capital of Henan province plans to build an intelligent connected vehicle industry worth RMB200 billion ($30 billion), according to the implementation scheme released by the municipal government of Zhengzhou. 

Hesai Technology appoints industry veteran Bob in den Bosch as global senior vice president

On May 24th, China’s leading LiDAR player Hesai Technology announced that Bob in den Bosch joined the company assuming the position of global senior vice president.

GWM reportedly completes product planning for fuel cell PV brand

Great Wall Motor (“GWM”) has completed the product planning for its fuel cell passenger vehicle (“PV”) business, which will be launched as a separate premium brand, according to a local media outlet, citing people with knowledge of the matter.

Baolong sets up joint venture with UDAS for PV-use ultrasonic radars

On May 23rd, China’s auto part player Baolong struck a deal with domestic ultrasonic radar developer Suzhou UDAS Automotive Technology Co., Ltd. (UDAS) to invest in the latter, and co-establish a joint venture in Hefei, Anhui province.

Baidu integrates Maps to auto business cluster, eyes indsutrial breakthrough

Baidu has integrated its Maps business to its IDG (intelligent driving group) business cluster to strengthen its automotive business development, a local media outlet reported on May 24th.

Xiaomi pours RMB425 million into innovative business including car making in Q1 2022

China’s smartphone giant Xiaomi recently released its 2022 first-quarter financial results with year-on-year growth in R&D expenses partially caused by its intelligent electric vehicle business.

NIO likely to build 31 cell & battery pack R&D labs in Shanghai

NIO Co., Ltd., an affiliated firm of Chinese EV startup NIO, intends to build a total of 31 laboratories dedicated to the R&D of lithium-ion cells and battery packs, according to an environmental impact assessment report recently released by the Environmental Information Release Platform of Shanghai Enterprises and Institutions.

BBAC Battery Plant sees new-generation China-made battery roll off line

On May 23, the new-generation locally-produced Mercedes-Benz battery officially rolled off the assembly line at the battery plant of Beijing Benz Automotive Co., Ltd. (BBAC), paving the way for the volume production of a new China-made Mercedez-EQ model, the all-electric EQE, according to BBAC's press release.

Baolong strengthens cooperation with ADAS developer Leadmove with investment

China’s auto parts supplier Shanghai Baolong Automotive Corporation (Baolong) and ADAS developer Leadmove have inked a strategic agreement for Baolong to invest in the latter.

China to cut passenger vehicle purchase tax by 60 billion yuan

China will provide cuts of 60 billion yuan ($8.977 billion) on passenger vehicle purchase taxes, the state-run Xinhua news agency quoted the State Council as saying on Monday, as part of a broad package of measures to get the economy back to normal and keep major economic indicators within an appropriate range.