Gasgoo Daily: NIO launches Banyan 3.0.0 smart digital system with over 130 new, enhanced features

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 launches Banyan 3.0.0 smart digital system with over 130 new, enhanced features

On August 28, NIO officially launched its latest smart digital system, Banyan 3.0.0, introducing more than 130 new and optimized features across five key areas: NOMI, panoramic digital cockpit, AI intelligent chassis, NIO Link connectivity, and enhanced user experience.

Chery Holding to showcase 35 key models at 2024 Chengdu Motor Show

Chery Holding is set to make a significant impact at the 2024 Chengdu Motor Show, which will kick off on August 30. The automobile group will bring together its four major brands—CHERY, EXEED, JETOUR, and iCAR—to present a total of 35 key models at the event.

SAIC MOTOR Passenger Vehicle forms strategic partnership with Huasheng Haoche

On August 27, SAIC Motor Passenger Vehicle and Huasheng Haoche officially announced a strategic partnership based on a shared market vision and commitment to service excellence, aiming to explore new possibilities in the field of automotive new retail. The partnership will involve in-depth cooperation across various areas, including product sales, financial services, and user experience, with the goal of driving high-quality development within the automotive industry.

XPENG completes tape-out of self-developed TURING chip

On August 27, XPENG celebrated its 10th anniversary in Beijing where it announced its strategic vision for the next decade, aiming to become a global AI automotive company. A major highlight of the event was the unveiling of "XPENG TURING," the world's first chip designed for simultaneous application in robots, AI cars, and flying vehicles. This groundbreaking chip successfully completed its tape-out process on August 23.

Li Auto boasts YoY, QoQ growth in Q2 2024 revenue

Li Auto Inc. ("Li Auto" or the "Company"), a prominent player in China's new energy vehicle sector, announced on Wednesday its unaudited financial results for the second quarter of 2024 (Q2 2024). The company reported total revenues of RMB31.7 billion (US$4.4 billion) for this period, marking a 10.6% increase year-on-year (YoY) and a 23.6% rise quarter-on-quarter (QoQ).

JAC Group's H1 net profit shoots up 93.84% YoY in 2024

On August 27, Chinese automaker JAC Group disclosed its financial results for the first half of 2024, reporting a net profit of 300.83 million yuan attributable to shareholders, marking a significant 93.84% year-on-year soar.

NavInfo's revenue rises 11.08% YoY in H1 2024

On August 27, automotive intelligent solution provider NavInfo released its financial results for the first half of 2024 (H1 2024), showing solid growth across all business segments. The company reported total revenue of 1.667 billion yuan in the period, marking an 11.08% year-on-year increase.

Aptiv's third R&D center in China finds home in Changshu city

On August 27, Aptiv signed an agreement to establish a new R&D center in the Changshu National New & Hi-tech Industrial Development Zone, aiming to boost the local automotive and components industry's presence in the emerging smart driving sector. The Changshu center will be Aptiv's third R&D hub in China, following its existing facilities in Shanghai and Suzhou cities.

DiDi, NavInfo announce capital increase in AutoAI for smart mobility advancement

On August 28, NavInfo announced that it, together with DiDi Smart Transportation Technology ("DiDi"), would increase their investment in AutoAI, a NavInfo-affiliated company.

XPENG MONA M03 hits market, starting at 119,800 yuan

On August 27, XPENG officially put the MONA M03 compact sedan, the first production model under its fire new MONA series, onto the market, offering three different trim levels priced from 119,800 yuan to 155,800 yuan. The Max version will start deliveries after the Chinese New Year holiday in 2025.