Gasgoo Daily: XPENG MONA M03 set to hit market on Aug. 27

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.

XPENG MONA M03 set to hit market on Aug. 27

XPENG's Chairman Mr. He Xiaopeng recently announced during a livestream that the XPENG MONA M03 model will officially hit the market on August 27. The new model, a full-electric compact sedan, has already been available for pre-sales.

China's new energy vehicle export volume rises 11.4% YoY in July

According to data from the China Association of Automobile Manufacturers (CAAM), China exported 103,000 new energy vehicles (NEVs) in July 2024, marking a month-on-month increase of 20.6% and a year-on-year rise of 2.2%. For the first seven months of 2024, the country’s NEV exports totaled 708,000 units, reflecting an 11.4% growth compared to the same period last year.

First YANGWANG U9 car for customer delivery rolls off production line

On Aug. 16, YANGWANG, the premium new energy vehicle brand under BYD, saw the first YANGWANG U9 vehicle for customer delivery roll off the production line.

Lynk & Co kicks off presales for Z10 all-electric sedan

On August 15, Lynk & Co officially commenced presales for its first all-electric sedan, the Lynk & Co Z10, with a starting price of 215,800 yuan. Built on the SEV Haohan intelligent electric architecture, the Z10 is positioned as a mid-to-large electric sedan, boasting an impressive drag coefficient of just 0.198Cd.

Leapmotor so far sells over 160,000 units of C11 SUV

On August 16, Chinese new energy vehicle maker Leapmotor announced that the cumulative sales volume of its C11 SUV model had exceeded 160,000 units.

TELD launches AI large model for battery safety, charging

On August 15, during the Beijing International Charging Pile and Battery Swapping Station Exhibition 2024 ("CPSE"), TELD, a leading public charging network operator in China, launched a new charging safety and intelligent operations solution based on an AI large model, which the company touted as the country's first battery safety large model built on the charging data from extensive range of vehicles.

Solid New Material Technology closes Series A financing for R&D, production of new lithium battery materials

Chinese battery materials supplier Shenzhen Solid New Material Technology Co., Ltd. ("Solid") recently announced the completion of its Series A funding round, raising several hundred million yuan, according to the company's press release.

Volvo Cars' financial leasing subsidiary secures first RMB sustainability-linked syndicated loan in China

Volvo Cars' subsidiary, Sixiangjia Financial Leasing (Shanghai) Co., Ltd. ("Sixiangjia"), has successfully signed its first domestic RMB sustainability-linked syndicated loan at Volvo Cars' Asia Pacific headquarters, according to a post on Volvo Cars' WeChat account. The loan, amounting to 650 million yuan, has a term of two years.

State Grid launches first Beijing-located supercharging stations

The State Grid Corporation of China (State Grid) recently launched its first batch of supercharging stations for Beijing city, according to a report from CCTV News channel. These stations boast a maximum single-gun output of 600 kilowatts, with a daily service capacity of up to 700 vehicles.

RoboSense boasts 121% YoY spike in H1 2024 revenue

On August 15, smart LiDAR solution provider RoboSense announced its interim results for the first half of 2024 (H1 2024), highlighting significant growth driven by the booming automotive and robotics markets. The company reported total revenue of 727 million yuan, marking a year-over-year spike of 121%.

VOYAH, Huawei co-developed all-new VOYAH DREAM MPV makes live debut

On August 15, the all-new VOYAH DREAM, the first collaborative model between Dongfeng Motor's premium new energy brand VOYAH and Huawei, made its live debut. Pre-sales of the vehicle will begin on August 28.