Gasgoo Daily: FAW Group, China Telecom sign agreement to deepen strategic cooperation

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.

FAW Group, China Telecom sign agreement to deepen strategic cooperation

On March 10, FAW Group and China Telecom signed an agreement in Beijing to strengthen their strategic collaboration. Under this new phase of partnership, the two companies will work together across multiple areas, including autonomous driving, V2X (vehicle-to-everything) services, basic internet services, AI computing power development and applications, international business, industrial investment, and brand innovation. By leveraging their respective strengths, FAW Group and China Telecom aim to jointly build an intelligent, connected, and digitalized automotive ecosystem.

BYD, Sydney Roosters kick off five-Year partnership

On March 7, 2025, BYD announced a five-year strategic partnership with Sydney Roosters, one of the most legendary teams in Australia's National Rugby League (NRL). This collaboration will extend across all of Sydney Roosters’ home games and community events, with BYD leveraging the team's official channels to strengthen its brand presence in Australia.

LUXEED R7’s fixed order volume surpass 80,000 units in just over five months

On March 12, Huawei’s HIMA (Harmony Intelligent Mobility Alliance) announced that fixed order volume for the LUXEED R7 model have exceeded 80,000 units since its launch just over five months ago. Developed jointly by Huawei and Chery, the electric coupe-style SUV is available in Pro, Max, and Ultra variants, with prices ranging from 259,800 to 339,800 yuan.

Black Sesame Technologies partners with Academician Liu Sheng's team on humanoid robotics tech innovation

On March 12, Black Sesame Technologies announced a strategic partnership with the team of Mr. Liu Sheng, Executive Dean of the Institute of Technological Sciences at Wuhan University and an academician of Chinese Academy of Sciences, to drive technological breakthroughs and innovative applications in humanoid robotics, according to a post on the WeChat account of Black Sesame Technologies.

Geely brand launches global-oriented all-electric SUV EX5 in Australia, New Zealand

On March 11, 2025 local time, Geely brand introduced its global-oriented all-electric SUV, the Geely EX5 (namely, the Geely Galaxy E5 in China), to the Australian and New Zealand markets, while launching its new overseas user brand, "GEELY·GO", according to a post on Geely Auto Group's WeChat account.

FAW Audi, Zhongsheng Group sign MoU to expand dealership network

On March 11, FAW Audi Sales Co., Ltd. (FAW Audi）and Zhongsheng Group Holdings Limited signed a strategic cooperation agreement in Hangzhou, aiming to strengthen collaboration. The partnership will focus on dealership network expansion, new energy vehicle (NEV) business, pilot programs for innovative business models, and enhancing user experience. 

Horizon Continental Technology secures hundreds of millions of yuan in angel funding

Horizon Continental Technology, a joint venture between Horizon Robotics and Continental AG, recently completed an angel funding round worth several hundred million yuan. The round was led by Hillhouse Investment, with co-investment from CICC Porsche Fund and Zhejiang Provincial Financial Holdings.

Geely Galaxy's LEVC L380 Land Airbus series all-electric MPV hits market

On March 10, Geely Auto's Galaxy brand officially put its first high-end all-electric MPV, the LEVC L380 "Land Airbus" series (called "new LEVC L380" for short), onto the market. The new vehicle is available in five variants, with prices ranging from 299,900 yuan to 599,900 yuan.

China's power battery installed capacity surges 94.1% YoY in Feb. 2025, despite MoM dip

In February 2025, China's power battery installed capacity reached 34.9 GWh, reflecting a 10.1% month-on-month decline but a 94.1% year-on-year surge, according to the China Automotive Power Battery Industry Innovation Alliance ("CAPBIIA").

NEVC, Freetech establish joint lab for automotive-grade chip

On March 10, China's National New Energy Vehicle Technology Innovation Center (NEVC) and intelligent driving solution provider Freetech signed a joint laboratory cooperation agreement in Beijing, officially inaugurating a collaborative chip laboratory. 

WeRide launches pilot Robobus service in Barcelona

On March 11, autonomous driving technology company WeRide, announced the launch of its autonomous minibus (Robobus) pilot service in downtown Barcelona in partnership with Renault Group.

Hesai Technology secures exclusive long-term deal from leading European automaker

LiDAR maker Hesai Technology announced on March 12 that it has secured a milestone multi-year exclusive supply agreement with a leading European automaker.

ECARX sees 18% YoY growth in 2024 annual revenue

In Q4 2024, ECARX achieved revenue of 1.94 billion yuan, marking a 4% year-on-year increase. Non-GAAP profit reached 74.4 million yuan, with a gross margin of 21%. For the full year, ECARX recorded total revenue of 5.56 billion yuan, an 18% increase from the previous year.