Gasgoo Daily: NIO signs technology license agreement with Forseven Limited

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 signs technology license agreement with Forseven Limited

NIO Inc. today announced that its subsidiary, NIO Technology (Anhui) Co., Ltd. (the “Company”), has entered into a technology license agreement with Forseven Limited ("Forseven"), a subsidiary of CYVN Holdings L.L.C. Pursuant to the technology license agreement, the Company will grant a non-exclusive and non-transferrable worldwide license to Forseven to use certain of the Company’s existing and future technical information, technical solutions, software and intellectual property rights related to or subsisting in the Company’s smart electric vehicle platforms for (i) the R&D, manufacturing, sales, import and export of vehicle models sold or marketed under Forseven brand(s) meeting pre-agreed manufacturer’s suggested retail price thresholds (excluding tax) under the Technology License Agreement, and (ii) the provision or procurement of certain after-sales services for the Licensed Products to its users.

Li Auto's annual revenue in 2024 zooms up 173.5% YoY

On February 26, 2024, Li Auto announced its financial results for the fourth quarter and full year of 2023. Benefiting from expanded scale and sustained operational efficiency improvements, Li Auto achieved its best-ever financial performance during the reporting period, said the company. In the fourth quarter of last year, its revenue reached 41.73 billion yuan, marking a remarkable year-on-year surge of 136.4%. The annual revenue for the full year amounted to 123.85 billion yuan, reflecting a substantial year-on-year soar of 173.5%. The annual delivery volume reached 376,030 vehicles, representing an impressive year-on-year increase of 182.2%.

IM Motors showcases 4 models at Geneva Motor Show 2024

At today's opening of the Geneva International Motor Show 2024, IM Motors showcased its entire lineup of four models, including the latest addition, the IM L6 model. This marks the first appearance of IM Motors at the Geneva Motor Show.

China Southern Power Grid, NIO Energy team up on virtual power plant, battery swap station businesses

On February 26, 2024, China Southern Power Grid Peak Regulation and Frequency Modulation (Guangdong) Energy Storage Technology Co., Ltd. ("CGS Energy Storage Tech"), a wholly-owned subsidiary of China Southern Power Grid ("CSG"), and NIO Energy Investment (Hubei) Co., Ltd. ("NIO Energy"), signed a framework cooperation agreement in Guangzhou, marking a strategic alliance between the two entities.

BYD delivers first batch of ATTO 3 vehicles to users in Hungary

BYD witnessed a significant milestone on February 23 as it successfully delivered the first batch of the BYD ATTO 3 (Yuan PLUS) vehicles to owners in Hungary, signaling the commencement of a new era for BYD in the Central and Eastern European market.

Baidu Apollo's former technical executive Luo Qi said to join NVIDIA's automotive division

Luo Qi, former head of software architecture, regulation, control, and vehicle interaction technology for Baidu's L2+ autonomous driving business, has joined NVIDIA's automotive division as Engineering Director, according to a local media outlet on February 26.

Pony.ai's autonomous driving road test distance surpasses 30 million km

On February 26, Chinese autonomous driving technology firm Pony.ai announced that its autonomous driving road testing distance has exceeded 30 million kilometers so far.

AITO M9 kicks off large-scale deliveries nationwide

Starting February 24, AITO, the new energy vehicle brand jointly supported by Huawei and SERES, rapidly commenced nationwide deliveries of its M9 model following the first-batch handover event.

Tesla China posts job listing for AI engineers

On February 23, Tesla China unveiled a recruitment drive, which opened up various positions, including senior data algorithm experts, senior data algorithm engineers, and senior data algorithm engineers.

Leapmotor's C10 to hit market on March 2

On February 23, Chinese new energy vehicle maker Leapmotor, announced that on March 2, the company will officially put the C10 SUV onto the market.

Ji Yue rolls out China's first OCC perception model onto Ji Yue 01

On February 23, Ji Yue, the automotive robot manufacturer jointly supported by Geely and Baidu, officially rolled out its V1.3.1 over-the-air (OTA) update. This comprehensive upgrade encompasses intelligent driving assistance, charging and range optimization, SIMO voice, multimedia entertainment, and more. Notably, it introduces China's first pure visual Occupancy Network (OCC) perception model.

YANGWANG U9 all-electric supercar hits market

On February 25th, YANGWANG, the luxury new energy vehicle brand under BYD, officially put its all-electric performance supercar, the YANGWANG U9, onto the market, with a price of 1.68 million yuan.