Gasgoo Daily: Leapmotor denies plans to spin off intelligent technology team

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.

Leapmotor denies plans to spin off intelligent technology team

Recent rumors suggested that Leapmotor is planning to spin off its intelligent technology team by the end of this year, affecting key departments such as intelligent driving and smart cockpits. However, on August 27, Leapmotor issued a statement denying such plans to separate its intelligent technology arm. The company clarified that, in fact, it is enhancing its capabilities in the intelligent technology sector. Earlier this year, Leapmotor consolidated and upgraded relevant departments into an "Intelligent Technology Research Institute" to bolster R&D efficiency. The company also emphasized its ongoing investment in talent and financial resources in this area, aiming to strengthen its long-term competitiveness in intelligent driving and smart cockpit technologies.

ZTE, CICV to co-advance scale application of vehicle-road-cloud integration solution

On August 23, ZTE Corporation signed an agreement to deepen its strategic partnership with the National Innovation Center of Intelligent and Connected Vehicles ("CICV") and its high-tech subsidiaries, including Automotive Intelligence and Control of China, Intelligent and Connected Vehicle Device of China, and Tsingcloud, aiming to jointly advance the large-scale implementation of the "Vehicle-Road-Cloud Integration" solution in China.

Geely Galaxy delivers 10,000 E5 vehicles within 20 days upon model's market launch

On August 27, Geely Auto's new energy vehicle range Galaxy announced that as of August 26, its Galaxy E5 model has achieved over 12,000-unit deliveries within just 20 days after the model hitting the market.

Baolong Automotive, INGEEK to build joint venture for auto connection system manufacturing

On August 26, Baolong Automotive and INGEEK formally signed a joint venture agreement in Shanghai. The joint venture will involve Baolong Automotive and INGEEK's subsidiary, Jinhua Shangkun, investing together to establish a platform for the production of automotive connection systems. This platform will emphasize efficiency, lean processes, flexibility, and intelligence, targeting comprehensive upgrades in production efficiency, product quality, cost control, and supply chain management.

China's Ministry of Public Security so far issues 16,000 autonomous vehicle testing licenses

On August 27, Wang Qiang, Director of the Traffic Management Bureau of China's Ministry of Public Security, announced at a press conference held by the State Council Information Office that Chinese authorities have so far issued 16,000 autonomous vehicle testing licenses and opened 32,000 kilometers of public roads for autonomous vehicle testing. These efforts significantly support the country's validation and iterative improvement of autonomous driving technology.

BYD FANGCHENGBAO's vehicles to adopt by Huawei's smart driving tech

BYD's FANGCHENGBAO brand and the ICT giant Huawei jointly announced on Aug. 27 that they had recently signed a strategic agreement in Shenzhen to collaborate on intelligent driving technology. The first cooperative product under this collaboration will be the soon-to-be-launched BAO 8 model, which will feature Huawei's Qiankun ADS 3.0 intelligent driving system, marking the creation of the world's first intelligent driving solution dedicated to rugged off-road vehicles.

Solid-state battery firm Talent New Energy closes Series B strategic financing round

Chongqing Talent New Energy Co., Ltd. (“Talent New Energy”) recently completed its Series B strategic financing round with hundreds of millions of yuan raised, the company announced on August 26 via its WeChat account.

Autoliv's new PSS production line in Changzhou city starts operation

Autoliv recently launched its first China-built fully automated PSS (Pyro Safety Switches) production line at its Jintan plant in Changzhou city, marking a significant step in enhancing product localization, accelerating technological innovation, and advancing industrial upgrades, the company announced on Aug. 27 via its WeChat account. This development is also a crucial milestone in Autoliv's strategy to respond to local market demands and intensify its localization efforts in China.

BAIC BluePark posts semi-annual revenue of 3.714 billion yuan in H1 2024

On August 26, BAIC BluePark New Energy Technology Co., Ltd. (BAIC BluePark) released its financial report for the first half of 2024 (H1 2024), showing a revenue of 3.714 billion yuan, marking a 35.16% year-on-year decline.

VOYAH's first global model 'Zhiyin' rolls off production line

On August 26, VOYAH, Dongfeng Motor's premium new energy vehicle (NEV) brand, celebrated its first globally-oriented model, the VOYAH Zhiyin, rolling off the production line.

Leapmotor, BWI International partner on brake-by-wire, steer-by-wire technology R&D

On August 26, BeijingWest Industries International Limited (BWI International) officially announced the signing of a long-term strategic partnership agreement with Chinese new energy vehicle maker Leapmotor. Under the agreement, the two companies will collaborate on steer-by-wire and brake-by-wire technologies for the global market.