Gasgoo Daily: NIO to launch 4th-gen battery swap stations in Guangzhou, Lu'an cities

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 to launch 4th-gen battery swap stations in Guangzhou, Lu'an cities

According to NIO's official Weibo announcement, the first batch of the company’s fourth-generation battery swap stations will be officially launched in Guangzhou and Lu'an cities on June 13.

Continental AG invests in INGEEK to boost smart connectivity for cars

On June 12, Continental AG announced a strategic investment in Chinese digital key developer INGEEK, establishing a partnership aimed at advancing digital car key and intelligent automotive connectivity solutions for the Chinese market.

Deepal G318 plug-in hybrid electric SUV to hit market on June 13

The global market launch event for the Deepal G318, a plug-in hybrid electric SUV, under Changan Automobile’s DEEPAL brand, will be held on June 13 in Lhasa. Marketed as a tech-powered rugged SUV, the G318 boasts a blend of advanced technology and off-road capabilities.

VOLANT closes Series A++ funding for eVTOL development

Recently, Chinese low-altitude economy company Volant Aerotech (VOLANT) announced the completion of Series A++ funding round, which raised for the company over a hundred million yuan.

Polar Bear Tech secures new funding to develop first independent chiplet product library

Recently, Chinese chiplet design company Polar Bear Tech announced the completion of a new round of financing, introducing V Fund as an investor. The funds will be primarily used for the initial batch of core chiplet tape-outs and packaging tests, propelling the company to establish China's first independently marketable chiplet product library.

GAC Energy, Foshan Communications Development team up to build energy ecosystem for new energy vehicles

On June 11, GAC Energy Technology Co., Ltd. ("GAC Energy"), a subsidiary of GAC Group, signed a cooperation framework agreement with Foshan Communications Development Co., Ltd. ("Foshan Communications Development"), according to a post on GAC Energy’s WeChat account.

XPENG to deliver G9, P7 models in Egypt

On June 11, XPENG held a press conference at the Grand Egyptian Museum in Cairo to launch the XPENG G9 and P7 models in the Egyptian market. These two products will be delivered to Egyptian customers by the end of this month, making XPENG the first Chinese smart electric vehicle brand to introduce pure electric vehicle models to Egypt and Africa.

China’s passenger vehicle retail sales edge down 1.9% YoY, but rise 11.4% MoM

In May 2024, China's domestic passenger vehicle (PV) market retailed 1.71 million vehicles, marking a year-over-year decrease of 1.9% but a month-over-month increase of 11.4%, according to data from the China Passenger Car Association ("CPCA").

DENZA about to open first flagship store in Hong Kong, China

DENZA, a premium new energy vehicle brand majority backed by BYD, will open its first flagship store in Hong Kong's Kowloon Bay automotive business district at the end of June, the automaker announced on June 11. Concurrently, the DENZA D9 model will be introduced to the Hong Kong market, with an estimated starting price of HKD 668,000.

Autoliv breaks ground on new factory in China’s Hefei city

On June 12, 2024, Autoliv marked a new milestone in its strategic expansion in China by holding a groundbreaking ceremony for its new factory in the Economic Development Zone of Feixi County, Hefei city, according to a post on Autoliv's WeChat account.

Huawei’s Harmony Intelligent Mobility Alliance unveils Luxeed R7 coupe SUV

On June 11, Huawei's Chairman of the Board of Directors of the Intelligent Automotive Solution BU, Mr. Yu Chengdong, announced via his Weibo account that the first coupe SUV under Huawei's smart selection vehicle alliance, HIMA (Harmony Intelligent Mobility Alliance), the Luxeed R7, is set to debut.

Dongfeng Motor Group’s auto sales drop 13.02% YoY in May 2024

On June 11, Dongfeng Motor Group Company Limited (Dongfeng Motor Group) announced that it sold 147,206 vehicles in the fifth month of 2024, representing a 13.02% decline year-on-year.