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.

Shenzhen's annual new energy vehicle output expected to exceed 2 million by 2025

On August 4, the Industry and Information Technology Bureau of Shenzhen Municipality issued the "Three-Year Action Plan (2023-2025) for Accelerating the Development of a 'World-Class Next-Generation Automobile City'". Under the plan, Shenzhen aims to achieve an annual production of over 2 million new energy vehicles and an industrial output value of trillions in the automotive industry by 2025.

BYD Song Pro DM-i; photo credit: BYD

Thinktech closes new round of financing

Recently, Chinese fabless design company Shanghai Thinktech® Information Technology Co., Ltd. announced the completion of a new round of financing, led by Chongqing Yufu Holding Group, following its strategic round. The company stated that it is embarking on full-scale mass production of high-performance vehicle-grade MCU products, filling the gap in domestically produced high-performance vehicle-grade control chips.

Farizon Auto ships first batch of H9E light-duty trucks to the Middle East

On August 2, Geely’s Farizon New Energy Commercial Vehicle Group announced that its light-duty truck model, H9E, was officially shipped to Dubai, United Arab Emirates, after completing the loading process in Shanghai. This marks the first batch of these vehicles delivered to the Middle East market after the model's debut at an overseas auto show in May.

Photo credit: Farizon Auto

Tesla Shanghai Gigafactory delivers 64,285 vehicles in July 2023

Tesla's Shanghai Gigafactory delivered 64,285 electric vehicles in the seventh month of this year, according to information released by the China Passenger Car Association on August 3.

Pony.ai teams up with Toyota China, GAC Toyota on Robotaxi development

On August 4, Pony.ai, the Chinese autonomous driving solution developer, held a signing ceremony with Toyota Motor (China) Investment Co. Ltd. (referred to as "Toyota China") and GAC Toyota Motor Co., Ltd. (referred to as "GAC Toyota"). The three parties announced the establishment of a joint venture to support the future mass production and large-scale deployment of autonomous driving taxis (Robotaxis).

Tesla China plans to recall 271 imported Model S, Model X vehicles

Tesla (Beijing) Co., Ltd. recently filed a recall plan with China's State Administration for Market Regulation (“SAMR”) in accordance with the "Regulations on the Management of Defective Automotive Product Recalls" and the "Implementation Measures for the Regulations on the Management of Defective Automotive Product Recalls."

NETA AYA SUV hits market to replace NETA V

On August 3, NETA Auto, the new energy vehicle maker under HOZON Auto, put its new "five-seater spacious intelligent all-electric SUV", the NETA AYA, onto the market. As the successor to the NETA V, the NETA AYA comes in four trim levels with prices ranging from 73,800 to 88,800 yuan.

Vitesco Technologies signs MoU for investment in NEV-related product manufacturing project in Tianjin

On August 2, the Management Committee of Tianjin Economic-Technological Development Area ("TEDA") signed a memorandum of understanding (MoU) on a new energy intelligent manufacturing investment project with Vitesco Automotive Tianjin Co., Ltd. (hereinafter referred to as "Vitesco Technologies"), according to a post on the WeChat account of TEDA.

In this cooperation, Vitesco Technologies will continue to invest 1.2 billion yuan in fixed assets, focusing on the development of new energy vehicle R&D platforms and the production of core components. This investment will drive the company's electrical business layout in the city and contribute to the high-quality development of the NEV industry in the TEDA, Binhai New Area, and even Tianjin as a whole.

Geely sets up new auto engineering technology development company

On August 3, Zhejiang Geely Automotive Engineering Technology Development Co., Ltd. was officially founded with a registered capital of 30 million yuan, according to the corporate information platform Tianyancha.

The newborn company has a business scope that extends to cover engineering and technology research and experimental development, R&D of automotive components, import and export of goods, technology import and export, and industrial design services. The shareholder information shows that it is wholly owned by Geely Automotive Research Institute (Ningbo) Co., Ltd.

SemiDrive allies with SEGGER to provide free development environment for clients

On August 4, SemiDrive, the all-scenario intelligent automotive chip solutions provider, and SEGGER, a veteran in the embedded systems industry, jointly announced a collaboration. Through a full buyout license, SemiDrive will provide all its customers using the E3 series high-performance MCU automotive chips and D3 series industrial chips with free access to SEGGER's versatile multi-platform integrated development environment (IDE), the Embedded Studio.

EVE Energy forecasts 50%-65% YoY spike in H1 2023 net profit

Chinese lithium battery maker EVE Energy Co., Ltd. ("EVE") announced this week its net profit attributable to shareholders is forecasted to reach between 2,038,581,700 yuan and 2,242,439,800 yuan in the first half of 2023 (H1 2023), which should surge 50% to 65% from the previous year.

Chery Holding's monthly sales hit new high in July 2023

Chery Holding reported remarkable monthly sales figures for July, with 150,466 vehicles sold, marking a 14.4% year-on-year increase, and setting a historic record.

AutoChips commences mass production of AC7802x automotive-grade MCU chips

Recently, AutoChips, a subsidiary of NavInfo, kicked off mass production of its AC7802x automotive-grade MCU chips. The chips have already been delivered to several benchmark customers and are being widely used, gaining market recognition for product and service quality.

Nuclei System Technology secures new funding to boost RISC-V expansion

On August 1, Nuclei System Technology (Nuclei System) announced the successful completion of a new round of financing. The funding round was led by China Fortune Innovation Capital, with participation from October Capital and LongDing Capital.