Gasgoo Daily: Huawei's intelligent automotive business in 2024 turns profitable for first time

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.

Huawei's intelligent automotive business in 2024 turns profitable for first time   

On March 31, Huawei reported a net profit of 62.574 billion yuan for 2024, with total revenue reaching 862.072 billion yuan. Notably, its intelligent automotive solutions business achieved profitability for the first time.

XPENG MONA M03 hits 100,000-unit production milestone 

Chinese new energy vehicle maker XPENG announced on March 31 that the 100,000th MONA M03 vehicle rolled off the production line at its Zhaoqing MONA manufacturing base, marking a key milestone for the model. 

Changan NEVO Q07 opens pre-orders 

On March 31, Changan Automobile's new energy vehicle brand NEVO officially opened pre-orders for the Q07 model. Built on the new SDA all-electric vehicle platform, the model integrates advanced smart features.

Great Wall Motor's net profit surges 80.76% YoY in 2024

On March 28, Chinese automaker Great Wall Motor (GWM) released its 2024 financial results, reporting annual revenue of 202.195 billion yuan, up 16.73% year-on-year.

Baidu's Apollo Go expands autonomous driving services to Dubai, Abu Dhabi

On March 28, Baidu's autonomous ride-hailing service (Robotaxi) platform, Apollo Go, announced a strategic partnership with Dubai's Roads and Transport Authority (RTA) to launch large-scale autonomous vehicle testing and services in the city.

EHang secures China's first Air Operator Certificate for civil human-carrying pilotless aerial vehicles

EHang, a global leading player in the Urban Air Mobility (UAM) domain, announced that its wholly-owned subsidiary, Guangdong EHang General Aviation Co., Ltd. ("EHang General Aviation"), and its joint venture, Hefei HeYi Aviation Co., Ltd. ("HeYi Aviation"), have been granted China's first Air Operator Certificates (OCs) for civil human-carrying pilotless aerial vehicles.

GAC Group's Thailand plant rolls off first mass-produced AION V unit

On March 25, GAC INTERNATIONAL's Thailand plant marked a milestone as the first mass-produced AION V unit rolled off the assembly line, according to a post on the company's WeChat account.

MINIEYE secures new contract from global Tier 1 supplier for smart cockpit solutions

Smart driving solution developer MINIEYE on Match 30 announced it secured a new nomination contract from a globally renowned Tier 1 supplier, becoming its designated provider of driver monitoring system (DMS) solutions for smart cockpits.

Geely Holding, China Post forge strategic partnership in finance, logistics, NEV applications

On March 28, Zhejiang Geely Holding Group ("Geely Holding") signed a strategic cooperation framework agreement with China Post, aiming to collaborate across finance, express logistics, vehicle applications, mobility services, and market expansion to drive mutual growth.