Gasgoo Daily: Baolong settles global Intelligent Driving R&D headquarters in Optics Valley, Wuhan

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.

Baolong settles global Intelligent Driving R&D headquarters in Optics Valley, Wuhan

On May 7, Shanghai Baolong Automotive Corporation ("Baolong") inked a strategic cooperation agreement with Wuhan East Lake High-tech Development Zone, to establish its global Intelligent Driving R&D headquarters in Optics Valley.

Hyundai IONIQ 5 N China edition to commence pre-sale in June

During the recent Auto China 2024, Hyundai officially unveiled the China version of its N brand's first mass-produced high-performance electric vehicle, the IONIQ 5 N. The automaker announced that the model will be introduced in 2024, with pre-sale beginning in June.

EHang's intelligent eVTOL aircraft completes first manned flight in the UAE

On May 6, Guangzhou EHang Intelligent Technology Co. Ltd. (“EHang”) announced that its unmanned electric vertical take-off and landing (eVTOL) aircraft, EH216-S, successfully completed its inaugural manned flight in Abu Dhabi, the United Arab Emirates (UAE). Additionally, the EH216-F (used for high-rise firefighting) and EH216-L (used for aerial logistics) aircrafts also completed their first flights in the UAE.

BYD approved to operate auto insurance service in multiple regions

On May 6, the China Banking and Insurance Regulatory Commission(CBIRC) issued a reply, permitting Shenzhen BYD Property & Casualty Insurance Co., Ltd. (BYD P&C Insurance) to use nationally uniformed regulation and rates on compulsory traffic accident liability insurance for motor vehicles.

Hangzhou releases new policies to boost vehicle trade-ins

Recently, the Hangzhou Municipal People's Government released a document introducing policies aimed at faciliating trade-ins for travel, transportation, and automobile sectors.

GAC AION's Thailand factory secures bonded zone approval

On May 7, the signing ceremony of the 185 bonded area agreement of GAC AION's factory in Thailand was held at the customs department in Bangkok, Thailand, marking a significant milestone of GAC AION's localized production in the country.

General Motors appoints Steve Hill as president of GM China

General Motors (GM) announced on May 8 that Steve Hill, the current vice president of global commercial operations, will assume the role of executive vice president of GM and president of GM China.

AutoX qualified for full-domain RoboTaxi application in Hangzhou

On May 7, autonomous driving company AutoX announced that it has obtained the first and currently only qualification for full-domain innovation application of RoboTaxi in Hangzhou, the capital of Zhejiang province.

Infineon to supply Xiaomi EV with power semiconductors

Automotive semiconductor supplier Infineon on May 6 announced that it reached an agreement with Xiaomi EV to supply advanced power semiconductors to the carmaker by 2027. 

NIO, GAC Group team up on battery swap service interconnection

On May 8, Chinese electric vehicle maker NIO signed a strategic cooperation agreement with GAC Group on battery swap business.

Changan Automobile sees 15.47% YoY rise in Apr. sales

On May 7, Chinese automaker Chongqing Changan Automobile Co., Ltd. (Changan Automobile) announced that its monthly sales volume reached 210,133 vehicles in April, which jumped 15.47% year over year.