Gasgoo Daily: Xiaomi EV ambitious to sell 10,000 SU7 Ultra vehicles through 2025

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.

Xiaomi EV ambitious to sell 10,000 SU7 Ultra vehicles through 2025

On February 26, Xiaomi Founder, Chairman, and CEO Lei Jun shared an update on the SU7 Ultra model via his Weibo account, reaffirming the company's ambitious vision for the high-performance electric sedan. "The Xiaomi SU7 Ultra was designed to be the new luxury car for the era," Mr. Lei stated. "The SU7 Ultra is an exceptionally powerful product, and our team is highly confident—we are 90% certain of hitting the 2025 sales target of 10,000 units."

Lynk & Co 08 EM-P enters European market, deliveries set in mid-2025

On February 26, Lynk & Co announced it has officially launched the 08 EM-P model in the European market, with deliveries scheduled to begin in June 2025. The model starts at €52,995 (approximately RMB 404,000). The version introduced to Europe, the 08 EM-P 245 Super Long-range edition, becomes the first plug-in hybrid electric vehicle model in the region to achieve a battery-powered range of over 200 km under WLTP conditions.

Geely Galaxy reaches milestone as 100,000th Xingyuan vehicle rolls off line

On February 26, Geely's Galaxy new energy vehicle range announced that the 100,000th unit of its A0-segment pure electric sedan, the Geely Xingyuan, officially rolled off the production line.

Tesla starts delivering refreshed Model Y in China

On February 26, Tesla officially announced the start of deliveries for the refreshed Model Y in China. The updated model is available in two variants: the rear-wheel-drive (RWD) launch edition, priced from 263,500 yuan, and the long-range all-wheel-drive (AWD) launch edition, starting at 303,500 yuan.  

Hongqi Tiangong 05 all-electric sedan hits market, starting at 159,800 yuan

On February 26, FAW Group's premium passenger vehicle brand Hongqi officially put the Tiangong 05, all-electric midsize sedan onto the market. The model is available in four variants, with a price range of 159,800 yuan-185,800 yuan.

FAW Bestune launches new vehicle platform, power system, smart cockpit

On February 25, FAW Group's passenger vehicle brand Bestune held its tech day event, officially debuting its core technologies including the Yueying Platform, Zhuri Power System, and Ruyi Cockpit. The event also marked the first reveal of the Yueyi 03 vehicle model's technologies and the global premiere of the Yueyi 07 model. 

Xiaomi EV rolls out 'HAD' end-to-end intelligent driving feature

On February 26, Xiaomi EV announced the full rollout of its end-to-end all-scenario HAD (Hyper Autonomous Driving) feature, which enables seamless integration from departure to automated parking at the destination.

Schaeffler starts producing steering ball screws at Xiangtan factory

On February 21, Schaeffler officially put steering ball screws into production at its Xiangtan manufacturing facility in China's Hunan province, according to a post on the company's WeChat account.

UAES rolls off first thermal management module

United Automotive Electronic Systems ("UAES"), a joint venture between Bosch and SAIC Motor-backed Zhong-Lian Automotive Electronics Co., Ltd., recently saw first thermal management module roll off the production line, marking a significant milestone in its new energy vehicle (NEV)-related technology portfolio, according to a press release the company issued on Feb. 24 via its WeChat account.

Novauto, X Square Robot forge strategic partnership on general-purpose intelligent agent R&D

On February 24, Chinese computing solution developer Novauto announced the strategic partnership it recently formed with X Square Robot. The collaboration will focus on meeting the practical application needs of robotics, and jointly explore next-generation robotics computing platforms based on edge large models and chips, driving the development of embodied intelligence.

Nullmax teams up with Renesas Electronics for ADAS solutions

On February 24, autonomous driving AI company Nullmax and global semiconductor solutions provider Renesas Electronics officially signed a strategic cooperation agreement in Shanghai, according to Nullmax's official announcement.

Great Wall Motor to attain full ownership of semiconductor tech firm Wuxi Xindong

On February 22, Great Wall Motor ("GWM") announced that its wholly-owned subsidiary, Nobo Automotive Technology Co., Ltd. ("Nobo Technology"), plans to acquire an 80% stake in Wuxi Xindong Semiconductor Technology Co., Ltd. ("Wuxi Xindong") from Wensheng Technology (Tianjin) Co., Ltd. ("Wensheng Technology") for 3.79 million yuan.