Gasgoo Daily: SGMW forays into Central Asian market

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.

SGMW forays into Central Asian market

On January 5, SAIC-GM-Wuling (SGMW) signed a strategic agreement with Mansour Group and ASAKA Motors to for its market entry into Uzbekistan. This cooperation marks a significant step in SGMW's global market expansion and aims to deliver high-quality automobile products to users in Central Asia.

Haima Motor's subsidiary Haima Finance posts 4.38% YoY growth in 2024 revenue

Haima Motor announced its subsidiary, Haima Finance Co., Ltd. (Haima Finance), is expected to achieve a total operating revenue of 80.79 million yuan in 2024, representing a year-on-year jump of 4.38%. The net profit attributable to the listed company's shareholders is projected to reach 17.22 million yuan, a year-on-year climb of 6.49%.

All-new Mercedes-AMG GT 63 S E PERFORMANCE hits Chinese market, priced at 2.2855 million yuan

On January 6, Mercedes-AMG, a wholly-owned subsidiary of Mercedes-Benz AG, officially put the all-new Mercedes-AMG GT 63 S E PERFORMANCE model onto the Chinese market, priced at 2.2855 million yuan. Based on the latest AMG sports car architecture, the new model represents the second generation of the AMG GT and the fifth vehicle independently developed by Mercedes-AMG.

SGMW celebrates 30 millionth vehicle rolling off production line

On January 5, SAIC-GM-Wuling (SGMW) announced that its 30 millionth complete vehicle, a Wuling Xingguang S, rolled off the production line, making it the first China's indigenous automaker to reach a cumulative production and sales volume of 30 million vehicles.

2025 Volkswagen ID.4 CROZZ hits market

On January 3, FAW-Volkswagen officially put the 2025 ID.4 CROZZ model onto the market, offering four variants priced between 194,900 yuan and 298,600 yuan.

Chinese eVTOL aircraft manufacturer INFLYNC bags tens of millions of yuan in angel+ funding round

INFLYNC, a Chinese startup focusing on design and manufacturing of tilt-rotating ducted-wing electric vertical takeoff and landing (eVTOL) aircraft, recently announced the completion of its angel+ funding rounds with tens of millions of yuan raised.

NIO so far deploys over 3,000 battery swapping stations in China

On January 3, NIO announced the launch of its 3,000th battery swapping station in China, which is located in Harbin. On the same day, other new stations were inaugurated in Wenzhou, Shangrao, Dongguan, Shaoxing, and Nanchang cities.

XPENG chooses RTI Connext Drive® for future E/E architecture

RTI, a provider of intelligent system infrastructure software, recently announced that Chinese new energy vehicle maker XPENG had selected RTI Connext Drive® as the core communication technology for its next-generation electronic and electrical (E/E) architecture.

Leapmotor's B10 adopts Qualcomm's smart cockpit, intelligent driving platforms

On January 6, Chinese new energy vehicle maker Leapmotor and Qualcomm jointly announced an ongoing technical collaboration to equip Leapmotor's new globally-oriented vehicle models with advanced smart cockpit and intelligent driving technologies.

GAC AION begins pre-sale of AION UT model, starting at 89,800 yuan

On January 6, GAC AION officially began the pre-sale of its latest model, the AION UT, a compact pure electric hatchback and the third global strategic model under its AION brand. The new car is available in three variants, with pre-sale prices ranging from 89,800 yuan to 109,800 yuan.

General Motors' China sales zoom up 40.6% QoQ in Q4 2024

General Motors (GM) and its joint ventures closed 2024 on a high note in China, reporting a 40.6% quarter-on-quarter increase in the fourth-quarter (Q4) deliveries in the country, reaching nearly 600,000 vehicles. This marks the company's strongest sequential growth since Q2 2022.

SGMW rolls off first locally produced MAGIC BATTERY in Indonesia

On December 31, 2024, Wuling's first locally produced EV (electric vehicle) battery, the MAGIC BATTERY, successfully rolled off the production line in Indonesia, marking Wuling as the first Chinese automotive brand to achieve local EV battery production in the country, according to a post on SAIC-GM-Wuling ("SGMW")'s WeChat account.

Schaeffler sets up wholly-owned subsidiary in China for hydrogen-related businesses

On January 6, 2025, Schaeffler signed a framework cooperation agreement with the local government of Anting Town, Jiading District, Shanghai, to establish a wholly-owned subsidiary, Schaeffler Hydrogen Energy Technology (Shanghai) Co., Ltd., according to a post on the company's WeChat account.

NEOLIX approved for unmanned vehicle operations in Changsha

On January 2, autonomous delivery vehicle maker NEOLIX became one of four companies to receive functional unmanned vehicle operation permits from Xiangjiang New Area in Changsha, Hunan Province, the company announced via WeChat.

ZEEKR unveils four strategies for global market expansion at CES 2025

On January 7, 2025, the 2025 International Consumer Electronics Show (CES 2025) commenced, where ZEEKR, the premium new energy vehicle brand under Geely Holding, presented its latest strategies, technologies, and products.

AutoNavi, Great Wall Motor inaugurate 'Mobility Joint Innovation Lab'

Chinese navigation service giant AutoNavi and Great Wall Motor (GWM) recently inaugurated their Mobility Joint Innovation Lab in Hebei Province, which focuses on advancing smart mobility solutions, AutoNavi announced via WeChat.

Geely Holding Group eyes annual vehicle sales topping 5 million units by 2027

On January 5, Zhejiang Geely Holding Group ("Geely Holding") held a session in Harbin to analyze its "Taizhou Declaration" ("Taizhou" is a city in China's Zhejiang province) and announced its strategic goals for the next three years. By 2027, Geely Holding aims to achieve over 5 million vehicles of annual sales, positioning itself as a leader in electrification, smart transformation, and high-quality development, while building a differentiated, green, and intelligent mobility ecosystem.