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.
Li Auto so far delivers 150,000 Li L8s
Li Auto today announced that cumulative deliveries of the Li L8 model have surpassed 150,000 units.
ZEEKR MIX MPV's patent images revealed
On March 13, China's Ministry of Industry and Information Technology unveiled the latest batch of new models’ patent images, revealing a glimpse of ZEEKR's new vehicle. According to the images, ZEEKR has named this new addition MIX, categorizing it as an MPV. Based on previous reports, the ZEEKR MIX is likely to be launched in the first half of this year.
NETA Auto announces start of scale production at Thailand factory
NETA Auto announced on March 13 via its WeChat account a significant milestone in localizing its operations in the Thai market. The NETA Auto Thailand company has received the Thai government's certificate, enabling its KD factory in Thailand to officially commence mass production.
Great Wall Motor-backed XinDong-Semi partners with STMicroelectronics
On March 8, XinDong-Semi, the chip arm of Great Wall Motor, and STMicroelectronics entered into a strategic cooperation agreement aimed at driving the development in silicon carbide (SiC) power module technology.
AVATR 11 Intelligent Driving Edition hits market
On March 11, AVATR, the premium new energy vehicle brand jointly backed by Changan Automobile, Huawei, and CATL, officially put the AVATR 11 Intelligent Driving Edition, priced from 250,000 yuan for a limited time, onto the market.
Hesai Technology boasts 56.1% YoY surge in 2023 annual revenue
On March 12, 2024, leading developer of LiDAR solutions Hesai Technology, announced its unaudited financial results for the fourth quarter and full year of 2023, which exceeded expectations in terms of revenue, delivery volume, and overall gross margin.
BAIC, Huawei's all-electric sedan 'Xiangjie S9' included in MIIT's catalogue
The latest vehicle model information catalogue released by China's Ministry of Industry and Information Technology (MIIT) revealed Huawei and BAIC BluePark's first vehicle model under the Huawei Smart Selection cooperation, namely, the Xiangjie S9 (name “Xiangjie” in Chinese pinyin).
Joyson Electronics' 2023 annual revenue up 11.76% YoY
Leading Chinese electronic components manufacturer Joyson Electronics on March 12 announced its preliminary financial results for the full year of 2023, demonstrating a significant improvement in profitability and a strong order intake.
Li Auto announces adjustments to 2024 L Series models in response to customer feedback
Since the launch of the 2024 L Series models on March 1, Li Auto has received substantial feedback from users. In a swift response to customer needs, the company has announced several key adjustments to the L Series lineup.
JAC Motors, Volkswagen China to conduct joint capital increase in Volkswagen Anhui
On March 12, Anhui Jianghuai Automobile Group Co., Ltd. ("JAC Motors" or "JAC") announced plans for a significant capital injection into Volkswagen Anhui, a joint venture with Volkswagen China focusing on new energy vehicles (NEVs).
The proposed capital increase amounts to 6.5 billion yuan, with JAC contributing 1.625 billion yuan in cash and Volkswagen China providing 4.875 billion yuan. Following the completion of this capital infusion, the registered capital of Volkswagen Anhui will ascend from 7.356 billion yuan to 13.856 billion yuan, maintaining the shareholding proportions of JAC and Volkswagen China at 25% and 75%, respectively.
BYD e2 Honor Edition BEV hits market, starting at 89,800 yuan
On March 13, BYD officially launched the e2 model's Honor Edition, introducing two variants priced at 89,800 and 96,800 yuan, respectively.
To sweeten the deal for early adopters, BYD is offering an array of incentives until March 31, including two years of zero-interest financing and complimentary cloud services, alongside trade-in subsidies and free data services for the vehicle. It's noteworthy that this model is available exclusively through BYD's Ocean sales network.
BAIC Group, CATL, Xiaomi EV to co-build battery cell factory
Three subsidiaries of BAIC Group will join forces to establish a platform company, collaborating with CATL and Xiaomi to build a battery cell factory.
