Gasgoo Daily: China has world's largest charging infrastructure network

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.

China has world's largest charging infrastructure network

On June 18, Li Chao, spokesperson for China's National Development and Reform Commission, announced that by the end of May 2024, the total number of electric vehicle charging infrastructure in China had reached 9.92 million units, a year-on-year increase of 56%. Among these, public and private charging facilities accounted for 3.05 million and 6.87 million units, respectively, with year-on-year growth rates of 46% and 61%. Thus, China has now established the world's largest, most extensive, and most diverse charging infrastructure network.

CATL invests in IM Motors

According to the Chinese corporate database Tianyanch, IM Motors Technology Co., Ltd. has recently undergone business changes, adding several new shareholders. These include Bank of China Financial Asset Investment Co., Ltd. under the Bank of China, Ningbo Meishan Bonded Port Area Wendin Investment Co., Ltd. under CATL, CPIC, and QingTao（KunShan）Energy Development Group Co., Ltd. Additionally, SAIC Motor and Zhangjiang Hi-Tech, which previously held indirect shares, have now directly acquired portions of the company's shares. Concurrently, the company's registered capital has increased from approximately 10.85 billion yuan to around 13.77 billion yuan.

GAC Group, Guangzhou Industry Investment cement strategic cooperation

On June 18, GAC Group and Guangzhou Industry Investment Holding Group held a signing ceremony to fully deepen their strategic cooperation. In the future, they will further strengthen cooperation in talent development, industrial chain layout, technological innovation, and the green, low-carbon transformation of the automotive industry.

LEEKR Technology bags over 1 billion yuan in Series C financing

On June 19, Chinese intelligent chassis system solution provider LEEKR Technology announced the successful completion of its Series C financing round, raising over 1 billion yuan.

Lynk & Co rolls off 10,000th mass-produced unit of Lynk & Co 07 EM-P model

On June 17, Lynk & Co, the car brand jointly owned by Geely and Volvo Cars, announced that the 10,000th unit of the Lynk 07 EM-P model has officially rolled off the production line.

Z-one Tech rolls off 10,000th-set smart car central brain ZXD1

SAIC Motor's automotive intelligence arm Z-one Tech recently saw the 10,000th set of first-generation central brain, ZXD1, successfully roll off the production line, the company announced on June 18.

BAIC Group, CATL deepen strategic cooperation in battery swap businesses

On June 18, Chinese automaker BAIC Group and battery giant CATL signed an agreement to deepen their strategic cooperation in the new energy sector, aiming to enhance their core competitiveness.

Jaguar Land Rover partners with Chery to develop all-electric Freelander-branded vehicles

On June 19, Jaguar Land Rover announced the signing of a strategic cooperation agreement with Chery. This agreement authorizes Chery Jaguar Land Rover to use the Freelander brand for a new line of all-electric vehicles, which will be based on Chery's electric platform and manufactured at the Chery Jaguar Land Rover plant in Changshu.

Li Auto teams up with CNPC's subsidiary on development of EV charging facilities

On June 18, 2024, CNPC Kunlun Connected Electric Energy Technology Co., Ltd. ("CNPC Kunlun"), a subsidiary of CNPC, and Li Auto signed a cooperation agreement to jointly advance the development and construction of electric vehicle charging infrastructures along highways and within cities across China, according to a post on CNPC Kunlun's WeChat account.

Tesla begins delivering Model 3 Performance version in China

Tesla recently started delivering the Model 3 Performance version to customers in China with a price of 335,900 yuan.

CATL breaks ground on Beijing battery base with BAIC, Xiaomi, Jingneng Group

On June 18th, the groundbreaking ceremony for the Beijing Contemporary Amperex Battery Base project, which is jointly invested by CATL, BAIC Group, Jingneng Group, and Xiaomi Group, took place in Beijing, according to a post on CATL's WeChat account.

Momenta submits overseas IPO application to CSRC for listing in the US

On June 17, according to China Securities Regulatory Commission (CSRC)'s website, the CSRC has received the overseas listing application materials from the autonomous driving solution developer Momenta Global Limited, submitted via its domestic operating entity, Momenta (Suzhou) Technology Co., Ltd.