Automotive Industry Trends

Hongjing Intelligent Driving Beijing R&D Center established

On July 1st, the Hongjing Intelligent Driving Beijing R&D Center was officially established, located in Wangjing Science and Technology Park. The center covers autonomous driving computing platforms, algorithms, system integration, and more. The product covers multiple levels L1-L4, meeting the needs of passenger cars, heavy-duty trucks, buses, mining trucks and other scenarios. (Source: GAC Motor)

Yiwei Lithium Energy Qidong Energy Storage Project begins construction

Recently, the energy storage project of Jiangsu Yiweilinyang Energy Storage Technology Co., Ltd. started construction in Qidong, with an investment of no more than 3 billion yuan and the construction of an annual output of 10 GWh energy storage battery project. (Source: iCar Automotive)

Geely Automobile: Jike enters into acquisition agreements such as CEVT

On July 2nd, the board of directors of Geely Automobile announced that in order to develop the Jike brand, Jike Group has entered into the CEVT acquisition agreement, Haohan Energy acquisition agreement, and Ningbo Weirui subscription agreement to acquire the assets and technology required for the research and development, production, and sales of electric vehicles. (Source: Caijing Network)

Hengda will establish Guangxi New Energy Base

Recently, media reported that the main body and supporting engineering (Section 1) of the Evergrande New Energy Vehicle Guangxi Base Project (Phase 1) have started construction. The project is located in Lingli Town, Qingxiu District, Nanning. The total investment for the first phase is 5 billion yuan, with an annual investment of 1.2 billion yuan. New workshops, ancillary buildings, and auxiliary production facilities will be built. According to the plan, Hengchi will conduct trial production in the fourth quarter of this year. (Source: Fast Technology)

Great Wall Motors releases Dayu Battery

On June 29th, Great Wall Motors officially released the "Dayu Battery" during its Science and Technology Festival, which can effectively solve the problems of fire and explosion in battery cells with different chemical systems after thermal runaway, especially for the highly active 811 high nickel battery. (Source: Great Wall Motors)

The onboard operating system should be on the same track as the vehicle

On June 18th, Miao Wei, Deputy Director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference, called on at the 11th China Automotive Forum that in the era of software defined cars, the entire vehicle computing platform requires a CPU+operating system. In view of the US crackdown, independent and controllable chips and operating systems should be planned as soon as possible. China's automotive industry needs to have its own unified in car operating system. (Source: China Automotive News)

The total import and export volume of automobile products from January to May was nearly 90 billion yuan

From January to May 2021, the total cumulative import and export volume of automobile products in China was 88.7 billion US dollars, a year-on-year increase of 59.9%, and the growth rate continued to expand compared to January to April. Among them, the import amount was 41.13 billion US dollars, an increase of 59.5% year-on-year; The export amount was 47.57 billion US dollars, a year-on-year increase of 60.2%. (Source: China Association of Automobile Manufacturers)

Did seven car companies disappear last year?

At least seven domestic car brands disappeared in 2020, including Huachen, Zotye, Cheetah, Lifan Motors, as well as Byton, Sailin, and Bojun Motors. They either went bankrupt, went bankrupt, or were restructured. (Source: Network Synthesis)

Japanese giant Mitsubishi Electric exposed in scandal

Multiple media reports have stated that Mitsubishi Electric's Nagasaki factory did not fully inspect the control performance and power consumption of train air conditioning products according to user requirements, and also fabricated inspection data. The above-mentioned products were manufactured and inspected by Nagasaki Manufacturing Institute (Shizu cho, Nagasaki Prefecture). Their fraudulent behavior may have been ongoing for 35 years. (Source: Sohu)

Intel says chip shortage will continue

Recently, Intel CEO Pat Gelsinger stated that the global chip shortage is expected to be alleviated by 2023. But previously, many institutions expected relief in the fourth quarter of this year or next year. (Source: Shanghai Automotive News)