Gasgoo Daily: ARCFOX to put α T5 onto market on December 27

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.

ARCFOX to put α T5 onto market on December 27

ARCFOX, the premium electric vehicle brand under BAIC Group, announced the official market launch date of the α T5, December 27. Positioned as a pure electric mid-sized SUV, the α T5 commenced pre-sales on November 30, with a pre-sale price range between 155,800 yuan and 203,800 yuan.

Foryou Corporation to build lightweight auto parts production base in Yangtze River Delta

On December 18, Foryou Corporation signed an investment cooperation agreement with the Changxing Economic and Technological Development Zone Management Committee in Zhejiang Province. The agreement outlines Foryou’s plans to establish a subsidiary in the Changxing Economic and Technological Development Zone, responsible for investing, constructing, and operating the project, aiming for an annual production capacity of 3 million automotive parts.

Zhejiang Province sets standards for electric vehicle charging station electricity prices

The Development and Reform Commission of Zhejiang Province, along with the Provincial Administration for Market Regulation, released a notice on optimizing and standardizing   electricity prices for electric vehicle charging stations. The policy includes adjustments to peak and off-peak rates, setting an 11.5-hour low-rate period. Peak electricity prices will decrease from an 80% markup to 50%, while off-peak prices will increase from a 53% discount to 60%. This move is anticipated to reduce average electricity prices at charging stations by 10% to 15% following policy implementation.

SAIC Motor’s mobility arm Xiangdao Chuxing teams up with SGMW to introduce customized ride-share vehicle

On December 18, SAIC Motor's ride-hailing service platform, Xiangdao Chuxing, revealed a strategic partnership with SAIC-GM-Wuling to jointly make advancements in the mobility sector.

FAW Group unveils Guangdong-Hong Kong-Macao Greater Bay Area R&D Institute

On December 18, 2023, the inauguration ceremony of FAW Group's Guangdong-Hong Kong-Macao Greater Bay Area R&D Institute took place in Shenzhen.

Baidu launches Apollo Open Source Platform 9.0, expediting autonomous driving tech development

On December 19, Baidu launched the upgraded Apollo Open Source Platform 9.0, a significant advancement aimed at developers and ecosystem partners. This new version fortifies its leading edge in autonomous driving development with enhanced algorithm capabilities, a more user-friendly toolkit, and an easily expandable range of common scenarios.

Lynk & Co inaugurates first Lynk & Co Space in Vietnam

On the evening of December 18, Lynk & Co officially entered the Vietnamese market with the inauguration of the country’s first Lynk & Co Space in Hanoi. The facility will offer three models for sale, namely, the Lynk & Co 09, the Lynk & Co 05, and the Lynk & Co 01.

REPT BATTERO announces successful listing on Hong Kong Stock Exchange

On December 18, REPT BATTERO Energy Co., Ltd. ("REPT BATTERO"), a Chinese lithium ion battery maker, successfully went public on the Hong Kong Stock Exchange with a global offering of 116 million shares, raising a net capital of HKD 2.013 billion.

Geely Holding Group, China Merchants Group ally on sustainable technology advancement

On December 18, Geely Holding Group and China Merchants Group inked a strategic cooperation framework agreement in Shenzhen, aiming to establish a sustainable partnership.

IM Motors licensed to test Level 3 autonomous cars in Shanghai

IM Motors' vehicles equipped with L3 autonomous driving capabilities has received the highway/expressway autonomous driving test license in Shanghai, the company announced on December 18.

Aulton, Ion Rocking form strategic cooperation on battery swapping-related businesses

On December 16, Chinese leading battery swapping service provider Aulton New Energy Automotive Technology Co., Ltd. ("Aulton") signed a strategic cooperation agreement with Ion Rocking in Wuhan, as both parties plan to collaborate in such areas as vehicle and battery separation, battery services, and the promotion of battery swappable models.

SGMW puts Wuling BinguoEV model onto Indonesian market

On December 15, SAIC-GM-Wuling ("SGMW") held an event in Jakarta to celebrate the market launch of the BinguoEV, an all-electric city car model under the Wuling brand, in the Indonesian market.

China’s Haima Motor puts 7X, 7X-E MPV models onto Vietnamese market

On December 17, Chinese automaker Haima Motor Corporation ("Haima") hosted an event in Hanoi EcoPark to announce the launch of the Haima 7X and Haima 7X-E models into the Vietnamese market, signaling the commencement of a new chapter in Haima's strategic deployment within the ASEAN market.