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 pulls out of HYCAN's shareholder lineup

NIO Co., Ltd. has withdrawn from the lineup of HYCAN Automobile Technology Co., Ltd.'s shareholders, according to Tianyancha, a corporate information platform. Prior to the recent change, NIO held roughly 4.46% stake in HYCAN.

HYCAN 007; photo credit: HYCAN

Schaeffler's 5 millionth set of China-made thermal management module roll off line

On August 22, Schaeffler celebrated the milestone for producing 5 million sets of thermal management modules in China cumulatively.

XPeng to roll out new B-, C- segment models next year

“In 2023, we plan to launch a new B-class model, which will help us expand our market share in this segment. We'll also roll out a new C-class model next year to bring a compelling product to customers in need of additional cabin space with greater comfort”, He Xiaopeng, chairman and CEO of XPeng, said at the company’s latest quarterly earnings call on Aug. 23.

XPeng expects Q3 gross margin to recover to Q1 level

“We are anticipating the gross margin in the third quarter will improve compared with the second quarter, and will be equivalent or very close to the first-quarter level,” Dennis Lu, XPeng's Vice President of Finance, said at the company's latest quarterly earnings call on Aug. 23.

SAIC Motor, OPPO co-launch software platform for vehicle-smartphone fusion

On August 24, SAIC Motor and OPPO, leading Chinese automobile group and smartphone maker, announced the launch of a software platform, which the duo named as the "eco-domain" designed to serve as a user-centric "vehicle-phone cross-terminal integrated solution", according to a post on SAIC Motor's WeChat account.

Li Auto breaks ground on power semiconductor R&D, production base in Suzhou

On August 24, Li Auto officially started construction of its power semiconductor R&D and production base in Suzhou city, Jiangsu province, indicating that the Chinese NEV startup has launched its self-owned industrial chain deployment for the next-generation high-voltage electric drive technologies.

DENZA D9 hits market, starting at 329,800 yuan

DENZA, a premium auto brand majority-owned by BYD, saw its all-new MPV model "D9" officially hit the market on August 23. Coming with seven trim levels, the DENZA D9 features a price range of 329,800 yuan to 459,800 yuan ($48,080-$67,040).

Joyson Electronics turns loss into profit in Q2 2022

China's leading automotive electronics supplier Joyson Electronics successfully turned its loss into a profit in the second quarter of 2022, according to the company's financial statement released on August 23rd.

CATL sees H1 2022 net profit surge 82.17% YoY

CATL announced this week its revenue reached 112,971,257,900 yuan ($16.489 billion) for the first half of 2022 (“H1 2022”) thanks to the growth in its business scale, surging 156.32% from the previous year.