Gasgoo Daily: Leapmotor logs annual revenue of 32.16 billion yuan in 2024

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 logs annual revenue of 32.16 billion yuan in 2024

On March 10, Leapmotor released its 2024 annual financial report, which showed annual revenue of 32.16 billion yuan, maintaining strong growth. In the past year, Leapmotor posted an overall annual gross margin of 8.4%, which hit record high. 

DENZA N9 to hit market on March 21 

BYD's DENZA brand announced that the global market launch event of the DENZA N9 will take place on March 21. The new model, which started pre-sales on February 21, is priced between 450,000 yuan and 550,000 yuan.

FOTON's Thailand plant rolls out 2,000th heavy-duty truck 

BAIC Group's commercial vehicle arm FOTON announced the roll-off of the 2,000th heavy-duty truck produced in Thailand. The company plans to introduce 12 new models in the Thai market in 2025.

Embodied intelligence robotics company LimX Dynamics closes Series A+ funding round

LimX Dynamics, an embodied intelligence robotics company, recently announced the completion of its Series A+ financing round, bringing its total Series A funding to 500 million yuan within six months. 

Dongfeng Peugeot-Citroën to build new energy vehicle production base in Wuhan

On March 7, Dongfeng Peugeot-Citroën (DPCA), the joint venture between Dongfeng Motor and Stellantis, signed an investment cooperation agreement with Wuhan Economic and Technological Development Zone to establish a production base for new energy vehicles (NEVs). 

ARCFOX forays into Costa Rica with three EV models

On February 26, ARCFOX, the premium electric vehicle brand under BAIC Group, held a grand brand launch event in San José, Costa Rica, officially announcing its entry into the Latin American market, the company disclosed on March 9.

MAEXTRO inaugurates Shanghai design center

On March 7, MAEXTRO, the luxury new energy vehicle (NEV) brand co-developed by JAC Group and Huawei, officially inaugurated its Shanghai Design Center, marking a key milestone in the company's global design and innovation strategy, according to JAC Group's announcement. 

MINIEYE secures supply deals for smart cockpit solutions with leading automaker

Chinese smart car solution developer MINIEYE on March 9 announced that it recently received multiple nomination letters to supply its driver monitoring system (DMS) and occupant monitoring system (OMS) solutions to a global automaker's joint-venture and luxury vehicle brands. 

ZEEKR unveils teaser for 9X Grand flagship SUV

On March 10, ZEEKR, the premium new energy vehicle brand under Geely Holding, released the first official video of its upcoming flagship SUV, the ZEEKR 9X Grand.