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.

Tesla issues insurance-related promotion for up to 8,000 yuan deducted

On November 8, Tesla started a promotion that allows users who purchase a China-made Model 3 or Model Y and insure the vehicle through the automaker’s selected agency to enjoy 8,000 yuan off their final payment from Nov.8 to Nov.30, or 4,000 yuan off from Dec. 1 to Dec. 31.   

Photo credit: Tesla

Geely-backed Farizon Auto to kick off Series A financing round

Farizon Auto, a commercial vehicle brand under Geely New Energy Commercial Vehicle Group, announced its plan to kick off the Series A financing round soon. The announcement came closely after the company bagged over $300 million in its Pre-A round on October 26.

Sunwoda to supply Volkswagen with battery pack-related products

Sunwoda Electronic Co., Ltd. (“Sunwoda”) announced on November 7 that its subsidiary Sunwoda Electric Vehicle Battery Co., Ltd. has received a notice for German auto giant, Volkswagen, to supply the automaker with products related to its HEV project battery pack system.

XPeng’s flying car arm XPENG AEROHT receives 6-billion-yuan bank credit

On November 8, XPENG AEROHT, the flying car company of XPeng, entered into a strategic partnership with the Agricultural Bank of China (ABC), China Construction Bank (CCB), CITIC, and Shanghai Pudong Development Bank (Guangdong/Guangzhou branch) to receive a 6-billion-yuan credit line.

Geely, Renault Group intend to build joint venture for powertrain business

Geely Automobile Holdings Limited ("Geely Automobile") announced on Nov. 8 it has signed a non-binding framework agreement with Zhejiang Geely Holding Group ("Geely Holding") and Renault Group to create a new joint venture dedicated to developing, manufacturing, and supplying internal combustion engine (ICE), hybrid and plug-in hybrid powertrains and transmissions.

Tesla sells 71,704 China-made vehicles in October 2022

In the tenth month of 2022, Tesla sold 71,704 China-made vehicles in wholesale, representing a 31.8% jump over the previous year, according to the China Passenger Car Association (CPCA).

China's locally-made PV retail sales climb 7.2% YoY in Oct. 2022

In Oct. 2022, China's passenger vehicle (PV) retail sales amounted to 1.863 million units, growing 7.2% compared to the previous year, while dipping 4.4% from the previous month, according to the China Passenger Car Association (CPCA).

Joyson Electronics-affiliated JOYNEXT partners with Huawei for smart cockpit solution

JOYNEXT, the automotive connectivity arm of Joyson Electronics, inked a comprehensive memorandum of understanding (MoU) with Huawei Device Co., Ltd. (Huawei), in the field of smart cockpit.

Chery Holding YTD auto sales surpass 1 million units by October 2022

In the first ten months of 2022, Chery Holding saw its cumulative auto sales exceed 1 million units for the first time compared to the same span each year.

SVOLT breaks ground on lithium battery zero-carbon industrial park in Dazhou city

On Nov. 7, SVOLT, a Chinese power battery maker carved out of Great Wall Motor ("GWM"), celebrated the ground-breaking for its lithium battery zero-carbon industrial park at Dazhou city, Sichuan province, indicating a further advancement for its industrial chain deployment in Southwest China.