Gasgoo Daily: SVOLT breaks ground on 2nd phase of Shangrao battery manufacturing base

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.

SVOLT breaks ground on 2nd phase of Shangrao battery manufacturing base

Ground-breaking ceremony of SVOLT's Shangrao base 2nd phase; photo credit: SVOLT

SVOLT, a Chinese power battery maker carved out of Great Wall Motor, on Feb. 16 broke ground on the 2nd phase of its battery production base in Shangrao, Jiangxi province. The facility is designed to have an annual production capacity of 20GWh.

SGMW recalls over 600,000 Wuling Hongguang S3s, new Wuling Hongguang Ss

According to the State Administration for Market Regulation (SAMR), SAIC-GM-Wuling has decided to recall 609,779 Wuling Hongguang S3s and new Wuling Hongguang Ss produced between July 10, 2017 and March 26, 2021. The recall plan will be implemented from March 10, 2022.

Foton Motor sets up engine subsidiary

Foton Motor, a Chinese commercial vehicle maker backed by BAIC Group, recently founded a wholly-owned subsidiary dedicated to engine business. According to Tianyancha, the subsidiary, named Beijing Zhiyue Engine Co., Ltd., was incorporated on Feb. 14. It is permitted to engage in such businesses as manufacturing of automotive engines, sale of auto parts, as well as technology import and export.

XPeng builds sales service subsidiary in Shanghai

According to Tianyancha, Shanghai Pengxu Automobile Sales Service Co., Ltd. was incorporated on Feb. 15 as a wholly-owned subsidiary of Xiaopeng Automobile Sales Co., Ltd. Its business scope extends to cover the sale of NEV battery swapping facilities and the recycling and cascade utilization of decommissioned NEV batteries.

China's Midea starts building NEV auto parts manufacturing base in Anqing

On Feb. 16, Anqing Welling Auto Parts Co., Ltd. (“Anqing Welling”), a subsidiary of Chinese home appliance giant Midea Group Co., Ltd., held signing and ground-breaking ceremonies for its strategic new energy vehicle (NEV) auto parts manufacturing base in Anqing city, Anhui province, according to a post on Midea's WeChat account.

Great Wall Motor' ORA brand ceases order acceptance for Black Cat, White Cat

Great Wall Motor confirmed that the company is ceasing new orders for its Black Cat and White Cat EV models from its ORA sub-brand, on February 16th.

Toyota-backed auto battery maker PPES raising production capacity in China's Dalian

Prime Planet Energy & Solutions (PPES), a battery joint venture between Toyota Motor Corporation (Toyota) and Panasonic Corporation, is working on ramping up its production capacity of automotive batteries in China to meet global automakers' demands for power batteries amid their rapid increase in electric vehicle outputs, according to a report Nikkei's Chinese website released today.

XPeng invests in Xiaomi-backed SiC supplier InventChip

China's semiconductor supplier InventChip Technology announced on February 16th that the company has received a strategic investment from the prominent EV maker, XPeng.

NIO Technology Co.,Ltd. changes sole shareholder

NIO Technology Co., Ltd., (“NIO Technology”), recently replaced its sole shareholder, Shanghai Anbin Technology Co., Ltd., with NIO Nextev Limited, a company incorporated in Hong Kong, according to the corporate database Tianyancha.

Trunk.Tech completes Series B financing round led by BAIC Group

China's commercial vehicle autonomous driving developer, Trunk.Tech has completed its Series B financing round led by BAIC Capital, the venture capital of BAIC Group, the tech company announced on February 16th.

CATL, BYD, CALB account for 78.6% of China’s Jan. power battery installed capacity

Regarding Jan. power battery installed capacity, the top 3 players in China were CATL, BYD, and CALB, accounting for 78.6% of the country's total capacity.