Gasgoo Daily: Beijing Benz records €22.484 billion in annual revenue for 2023

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.

Beijing Benz records €22.484 billion in annual revenue for 2023

Beijing Benz recorded an annual revenue of €22.484 billion in 2023, according to the annual financial results issued by BAIC Motor. Its after-tax profits amounted to €2.999 billion in the year, resulting in a total comprehensive income of approximately €2.997 billion.

IM Motors launches VMC Smart Digital Chassis

On March 18, IM Motors introduced its groundbreaking "VMC (Vehicle Motion Control) Smart Digital Chassis," a pioneering technology empowered by intelligent algorithms to control the entire vehicle's central control system. This innovative technology will debut on the IM L6 model, which is slated for market release in May. 

Guangxi so far operates 393 charging stations in highway service areas

According to the Guangxi Zhuang Autonomous Region’s Department of Transportation, plans are underway to construct 800 new charging stations along highway service areas in the region this year. Up until now, there have been 393 charging stations and 4,170 charging piles in service areas along highways in the region. 

DJI Automotive launches smart driving solutions with higher computing power

On March 17, DJI Automotive, the intelligent driving arm of DJI, revealed the latest updates to its intelligent driving platform, the "ChengXing Platform," at the China EV100 Forum 2024.

VOYAH, Huawei to develop HarmonyOS-based native applications

On March 15, VOYAH, Dongfeng Motor's premium new energy vehicle brand, announced a collaboration with Huawei revolving around the HarmonyOS ecosystem.

Vehicles powered by DeepRoute’s end-to-end intelligent driving model to hit market in 2024

At the China EV100 Forum 2024 on March 17, autonomous driving solution developer DeepRoute’s CEO, Zhou Guang, revealed that the company's end-to-end intelligent driving model was successfully adapted to mass-produced vehicles, set to hit the consumer market later this year.

BYD Frigate 07 model’s Honor Edition goes on sale

On March 18, the Honor Edition of the BYD Frigate ("Huweijian" in Chinese Pinyin) 07 model hit the market with five trim levels offered. The new model is priced from 179,800 yuan to 259,800 yuan.

XPENG plans to launch all-new brand targeting global auto market in 100,000- to 150,000-yuan price range

During the China EV100 Forum 2024 held on March 16, He Xiaopeng, Chairman and CEO of Chinese smart electric vehicle maker XPENG, unveiled plans to launch a new fire brand that will enter the global auto market in the 100,000- to 150,000-yuan segment.

BYD, JD. com team up on digital supply chain services, materials procurement

On March 16, BYD Company Limited ("BYD") and JD.com officially signed a strategic partnership agreement at JD.com's headquarters in Beijing, according to a post on the WeChat account of BYD's commercial vehicle (CV) business unit. This partnership marks a significant step for both corporations, aiming to leverage their respective strengths in advancing China's automotive industry and embracing the opportunities presented by the era of electrification and digital transformation.