Gasgoo Daily: NIO Capital raises over 3 billion yuan in second-phase RMB funding

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.

NIO Capital raises over 3 billion yuan in second-phase RMB funding

NIO Capital has completed the second phase for its RMB funding, amassing a total capital of over 3 billion yuan. The fund will continue its focused investments in areas such as the new energy vehicle industry ecosystem, energy technology, energy transition, and technological innovation.

Chery EXEED's first batch of supercharging stations come on line

On February 5, Chery Holding's EXEED announced the official launch of its first batch of supercharging stations in China, boasting a claimed "peak charging power of nearly 300kW" and "5-minute supercharging for an additional 218 km of range." The initial charging stations under EXEED are located in three cities: Guangzhou, Shanghai, and Hefei, with a total of seven stations. 

Ganfeng Lithium anticipates 69.76% to 79.52% YoY decline in net profit for 2023

On January 30, Ganfeng Lithium released its financial forecast for the year 2023, projecting a net profit attributable to shareholders ranging from 4.2 billion to 6.2 billion yuan, indicating a significant year-on-year decrease between 69.76% and 79.52%. The adjusted net profit, after deduction of non-recurring profit and loss, is estimated to be between 2.3 billion and 3.4 billion yuan, reflecting a year-on-year plunge within the range of 82.96% to 88.47%. 

Pony.ai's 6th-gen Robotaxi cleared for unmanned passenger-carrying trial in Beijing

On January 2, the Toyota Sienna-based Robotaxi, equipped with Pony.ai's sixth-generation L4 autonomous driving software and hardware, has been granted permission to conduct unmanned passenger-carrying demonstration in Beijing with remote monitoring.

Yueda Kia scores 86% YoY surge in Jan. 2024 auto sales

In January 2024, Yueda Kia, the joint venture between Kia Corporation and China's Yueda Automobile Group, sold 16,323 vehicles in the domestic and overseas markets, representing a remarkable year-on-year surge of 86%, according to a post on the WeChat account of Yueda Automobile Group.

XPENG to develop global XNGP intelligent assisted driving system in 2025

Chinese electric vehicle manufacturer XPENG announced during the XPENG X9 launch event that its XNGP (XPENG Navigation Guided Pilot) intelligent assisted driving system's urban smart driving capabilities, initially available in 52 cities, will now extend to cover a total of 243 cities in China, marking a substantial expansion.

EXEED's Yaoguang C-DM to start presale on February 21

Chery's EXEED brand recently announced that the hybrid electric Yaoguang C-DM model is set to begin presales on February 21, with the official market launch slated within the first quarter of this year.

DiDi-backed KargoBot launches autonomous freight operations in Xinjiang

KargoBot, the autonomous driving truck solution provider backed by DiDi, officially commenced autonomous freight operations in Xinjiang, China.

BYD releases interior images of small-sized SUV Yuan UP

BYD recently revealed the interior design of its upcoming model, the Yuan UP, the first small-sized full-electric SUV to ride on BYD's e-Platform 3.0. It is slated for market launch in March this year.

BYD, Shell's Raízen Power team up on building EV charging centers in Brazil

On February 2nd, Chinese new energy vehicle maker BYD and Raízen Power, a subsidiary of Shell, forged a strategic partnership with plans to construct BYD-Shell electric vehicle (EV) charging centers across eight major cities in Brazil over the next three years. This collaboration aims to provide convenient and efficient charging services for local users.

AVATR 12 rolls out HD map-free urban NCA intelligent driving function nationwide

AVATR, the premium new energy vehicle brand jointly backed by Changan Automobile, Huawei, and CATL, announced the AVATR 12 model’s full-scale activation of urban NCA (Navigation Cruise Assistance) intelligent driving function, which operates independently of high-precision maps.