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.
SAIC-GM-Wuling, Bosch China sign strategic cooperation agreement
On March 18, SAIC-GM-Wuling and Bosch China signed a strategic cooperation agreement in Liuzhou. The partnership will focus on electrification, intelligent technology innovation, and digital ecosystem development to support global expansion and enhance new energy vehicle solutions.
GAC Group incorporates Huawang Automotive Technology
According to Chinese corporate database Tianyancha, GAC Group registered Huawang Automotive Technology (Guangzhou) Co., Ltd. (name in translation) on March 18, with a capital of 1.5 billion yuan and Ge Xianqing as its legal representative. Internal sources confirm that this company is part of GAC Group and Huawei's GH project.
PhiGent Robotics sets up Central China headquarters in Wuhan
On March 18, intelligent driving solution developer PhiGent Robotics signed an agreement with Wuhan Economic & Technological Development Zone to establish the company's Central China headquarters. The facility will focus on intelligent driving R&D and sales operations in the region.
Xiaomi EV raises 2025 delivery target to 350,000 units as financial losses narrow
Xiaomi Group on March 18 released its financial report and raised its 2025 annual delivery target for Xiaomi EV to 350,000 units, following the milestone delivery of its 200,000th vehicle.
Xiaomi EV hits cumulative delivery milestone of 200,000 vehicles
On March 18, Xiaomi's Chairman Lei Jun announced on his Weibo account that cumulative deliveries of Xiaomi EV have exceeded 200,000 units, with the milestone vehicle being a Xiaomi SU7 in the newly introduced "Radiant Magenta" color.
SHPT, GH2 Global form strategic cooperation on applying fuel cell tech in Brazil's transportation, industrial sectors
Shanghai Hydrogen Propulsion Technology Co., Ltd. ("SHPT") recently entered into a strategic partnership with GH2 Global, a Brazilian hydrogen solutions provider, to accelerate the adoption of fuel cell technology in Brazil's transportation and industrial sectors, according to a post on SHPT's WeChat account.
CATL, Dongying city team up to build zero-carbon industrial hub
On March 15, CATL and the local government of Dongying City in Shandong Province signed a strategic cooperation agreement to collaborate on the development of a zero-carbon industrial park, industrial electrification, technological innovation, and the application of new products and technologies, according to a post on CATL's WeChat account. The partnership aims to establish Dongying as a model city for full-scale carbon neutrality and an industry-leading example of energy transition.
GAC Group launches Xingling Zhixing intelligent driving initiative
On March 18, GAC Group held the Xingling Intelligent Driving Action Plan and HPYTEC HL pre-sale launch event in Beijing, announcing significant advancements in its intelligent driving strategy.
ZEEKR unveils G-Pilot intelligent driving system
On March 18, Geely's premium new energy vehicle brand ZEEKR officially launched its G-Pilot intelligent driving system in Hangzhou. The event highlighted three key technological advancements: the G-AES continuous automatic obstacle avoidance system, a fully integrated spot-to-spot parking function, and an L3 smart driving architecture.
Chery unveils intelligent strategy, aiming for global smart driving expansion
On March 18, Chery Automobile held its intelligent strategy conference in Wuhu, Anhui. The event marked the official release of Chery Group's intelligent strategy and showcased key technological advancements, including the Falcon smart driving system, humanoid robots, and AI large models for smart cabins.
GAC AION's HYPTEC opens pre-sales for HYPTEC HL model
On March 18, GAC AION's HYPTEC brand officially launched pre-sales for the HYPTEC HL model, offering both BEV (battery electric vehicle) and REEV (range-extended electric vehicle) options. The model comes in five- and six-seat configurations across six variants, with a pre-sale price range of 279,800 yuan to 329,800 yuan.
IM Motors puts IM6 BEV model onto Thai market
On March 18, IM Motors, the premium new energy vehicle maker co-backed by SAIC Motor, Zhangjiang High-Tech, and Alibaba Group, officially put the IM6, the overseas version of its All-new LS6 model, onto the Thai market, marking the brand's entry into the global market, according to a post on the carmaker's WeChat account. The model had set sail from Shanghai Port on February 22, bound for Thailand.
XPENG achieves highest-ever quarterly revenue, gross margin in Q4 2024
On March 18, XPeng Inc. ("XPENG"), a leading Chinese smart electric vehicle (EV) manufacturer, released its unaudited financial results for the fourth quarter (Q4) and full-year 2024, underscoring the record-high quarterly revenue and gross margin.
