Gasgoo Daily: CATL’s subsidiary invests in Chery Holding
Summary
With Gasgoo 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.According to the corporate information inquiry platform Tianyancha, Chery Holding recently introduced Ningbo Meishan Bonded Port Area Wending Investment Co., Ltd. into its lineup of shareholders. Taking 3.73% stake in Chery Holding, the new investor is a wholly-owned subsidiary of CATL.On Dec. 11, Chinese automaker Haima Automobile signed an agreement with Hainan Haiqi Transportation Group Co., Ltd. to jointly build tailor-made all-electric vehicle and fuel cell vehicle models based on the local application scenarios in Hainan province.Enovate Motors to build new energy vehicle production base in Saudi ArabiaOn Dec. 7 local time, Enovate Motors inked an agreement with Sumou Holding to build a joint venture in Saudi Arabia, under which a new energy vehicle R&D and production base with an annual manufacturing capacity of around 100,000 units will be constructed. The project, which is set to be built in two phases, is planned to involve a total investment of $500 million.On Dec. 11, GAC Group broke ground on the factory of Yinpai Battery Technology Co., Ltd. ("Yinpai Battery"), which is set up to help the Guangzhou-based auto giant build its own strengths in R&D and production of power batteries, according to a post on GAC Groups WeChat account.Chinas commercial vehicle autonomous driving technology developer DeepWay announced on December 9 that it has received the road test license from the Beijing High-level Automated Driving Demonstration Area (BJHAD).By the end of Nov. 2022, there had been 4.949 million charging piles deployed across China, up 107.5% compared to the cumulative volume reached by the same period of last year, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA).On December 12, leading autonomous driving solution provider, QCraft, officially launched its advance driving assistance system, namely Qingzhou Chengfeng, which is built on Horizon Robotics Journey 5 chip.NIO announced via its WeChat account its 300,000th mass-produced vehicle rolled off the production line on Dec. 12, only seven months after the birth of the 200,000th one.In Nov. 2022, Chinas power battery output reached 63.4GWh, soaring 124.6% year on year, while also edging up 0.9% month on month, according to the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).All Rights Reserved. Do not reproduce, copy and use the editorial content without permission.