With Gasgoo Daily we will daily offer important automotive news in China. For those we have reported on, the title of the article will include a hyperlink that will provide details.

The NIO says it will not raise the price of the product any time soon

On March 21, Chinese startup EV NIO said the company has no plans to raise prices for new lines of energy vehicles in the short term to maintain its clientele and market share. The company will flexibly adjust its operating decisions according to objective changes in the environment.

ET7; photo: NIO

Xiaomi’s engineering prototype is likely to be ready in the third quarter of 2022

According to Luo Baojun, CEO of Xiaomi’s subsidiary in Beijing and Tianjin, an engineering prototype of Xiaomi’s first car model will be ready in the third quarter of this year.

CATL recognizes price increases for multiple batteries

Chinese battery mogul CATL has admitted that rumors are reportedly rising on several battery products. Earlier there were rumors that CATL will double the cost of its products.

The second model of the AITO SUV was named M7

It is reported that the second model of the SUV AITO, a joint car brand HUAWEI and SERES, was named AITO M7 compared to the current model M5.

Farasis Energy completes the differential price increase with most customers

Leading Chinese energy player, Farasis Energy, announced on March 21 that the company has completed price negotiations with most of its customers regarding the prices of the company’s products in 2022 with an agreed price increase to varying degrees. His talks with Daimler AG are still ongoing.

Volkswagen China will set up joint ventures with Huayou Cobalt, Tsingshan Holding Group

On March 21, Volkswagen Group China signed two memoranda of understanding with Chinese Huayou Cobalt and Tsingshan Holding Group, respectively, to strengthen the automotive group’s competitiveness in electric mobility.

Beijing Hyundai provides capital increase of $ 942.2 million from two parent companies

BAIC Investment and Hyundai Motor have entered into a joint venture capital agreement of about $ 942.2 million in their Beijing-based joint venture Hyundai, according to a statement issued on March 18 by BAIC Motor, the parent company of BAIC Investment.

Leapmotor, XPeng, WM Motor, Geely’s Geometry cost rise on NEV

Several Chinese EV startups have announced price increases for their models, including Leapmotor, WM Motor, XPeng and the Geely Geometry subbrand from March 18-19.

SAIC Motor Rising Auto’s NEV brand says the first PPV R7 prototype is off the line

Rising Auto, SAIC Motor’s new energy vehicle (NEV) brand, saw the first prototype PPV (production process) R7, the brand’s first flagship model after independent operation, withdrew from the production line at SAIC Motor’s plant. in the Lin-gang special zone on March 21, according to a report on Rising Auto’s WeChat account.

BENTERLER intends to set up a joint venture in China to produce bodies and chassis-related parts

The German auto parts group BENTELER International AG (“BENTELER”) plans to set up a joint venture in China with Lucky Harvest, a Chinese supplier of precision stamps and metal parts, according to a statement released on March 18.

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