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, Shudao New Energy so far co-build 22 supercharging stations along expressways in Sichuan province
As of January 19th, Li Auto and Sichuan Shudao New Energy Technology Development Co., Ltd. has jointly constructed and put into operation 22 Li Auto-branded 5C supercharging stations along expressways in China's Sichuan Province, Li Auto announced via its WeChat account.
Foton Motor scores 37.1% YoY jump in 2023 annual sales volume
Recently, Foton Motor released its annual sales data for the year 2023, revealing a total of 631,000 vehicles sold, marking a significant year-on-year increase of 37.1%. Particularly noteworthy is the outstanding performance in Foton's pickup truck business, which experienced a remarkable year-on-year surge of 47.1%, reaching a historic high in annual sales.
All-new BMW 5 Series to hit Chinese market at end of Jan. 2023
According to BMW Group's official statement, the all-new BMW 5 Series is about to hit the Chinese market at the end of January 2024. It is equipped with technologies such as the 9th-generation lateral dynamics management system, and the 2nd generation integrated brake system, delivering BMW's iconic pure driving pleasure and human-centric intelligent driving assistance features.
Dongfeng's VOYAH joins hands with Huawei for intelligent mobility advancement
Dongfeng Motor's premium new energy vehicle brand, VOYAH, today announced that it has officially signed a strategic cooperation agreement with Huawei, marking a significant milestone in their collaborative journey.
HiRain to start mass producing ADAS solution based on Mobileye's EyeQ™6 chip
Beijing Jingwei Hirain Technologies Co., Inc. (HiRain), a provider of intelligent driving system solutions in China, on January 22 announced its plans to commence the domestic mass production of an Advanced Driver Assistance System (ADAS) based on the Mobileye EyeQ™6 Lite chip in the second quarter of 2024.
Dongfeng Motor begins commercial pilot operation of Venucia V-Online's hydrogen-powered cars
On January 19, Dongfeng Motor Corporation ("Dongfeng Motor") announced the official commencement of the commercial pilot operation of Venucia's first hydrogen-powered vehicle, the Venucia V-Online Qing Jing (translating to "Hydrogen Realm"), in the Huadu District of Guangzhou city.
BYD debuts three BEV models in Indonesia's Jakarta
On January 18, BYD held a passenger car brand launch event at the Taman Mini Indonesia Indah in Jakarta, introducing three battery electric vehicle (BEV) models – the BYD ATTO 3, the BYD DOLPHIN, and the BYD SEAL (named Yuan PLUS, Dolphin, and Seal in China). The event marked BYD's commitment to the Indonesian market and its vision for a sustainable automotive future.
GAC MOTOR inaugurates new office in Mexico
On January 12, GAC MOTOR's Mexico company ("GAC MOTOR Mexico") inaugurated its new office and conducted a plaque unveiling ceremony. This marks another milestone for GAC MOTOR in the Mexican market, signaling the completion of the initial setup and official establishment of localized operations.
China's intelligent chassis solution supplier BIBO closes A+ funding round
On January 22, 2024, Bebest (Shanghai) Automotive Electronics Co., Ltd. ("BIBO") officially announced the completion of its A+ round of financing, which was jointly led by Meridian Capital and Orinno Capital, with additional investments from Fengfan Ventures ("Fengfan" is Chinese Pinyin), Shanghai Science and Technology Venture Capital (Group) Co., Ltd., Baolong Automotive, and existing shareholder Sequoia Capital China.
Volvo Cars Tech Fund, Coway International TechTrans to co-build ecosystem for startup development
Volvo Cars Tech Fund recently entered into a collaborative agreement with Shanghai Coway International TechTrans Co., Ltd. ("Shanghai Coway") at the Shanghai Technology Innovation Center ("STIC"), according to a WeChat post from Volvo Cars Tech Fund. The partnership aims to foster the development of the startup ecosystem in Shanghai, leveraging the capital from Volvo Cars Tech Fund as a catalyst to bring together the resources of Shanghai Coway's startup ecosystem.
Leapmotor secures around HK$659 million investment through share subscriptions
On January 19, Chinese new energy vehicle manufacturer Zhejiang Leapmotor Technology Co., Ltd. (“Leapmotor”) announced its H-share subscription agreements with Jinhua Industrial Fund on the Hong Kong Stock Exchange.
The company conditionally agreed to issue H-shares, with a total value not exceeding 200 million yuan. The subscription price for each H-share is set at HK$43.8 (excluding relevant levies and transaction fees).
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