Gasgoo Daily presents a selection of the latest developments from China's automotive industry. Here are the key stories in this edition.
SAIC Volkswagen ID. ERA 5X Hits Market With Limited-Time Prices Starting at RMB 99,900
On November 12,SAIC Volkswagen officially released the ID. ERA 5X onto the market. The all-electric SUV is available in four variants: Pro, Pro+, Max and Ultra. Prices range from RMB 119,900 to RMB 159,900, with limited-time promotional prices starting at RMB 99,900 and reaching RMB 139,900.
NIO, UNDP Renew Partnership to Advance Clean Parks Initiative
NIO and the United Nations Development Programme (UNDP) signed a second-phase cooperation agreement for the Clean Parks initiative at the United Nations building in Beijing on November 13. Building on the results of their first phase of cooperation, the two parties will continue working together on biodiversity conservation, low-carbon development, renewable energy infrastructure and sustainable practices in national parks and other protected areas.
sinPro Completes B+ Round of Financing Exceeding RMB 100 Million
sinPro recently announced it has completed a Series B+ financing round worth more than RMB 100 million. The proceeds will support further development of its 4D imaging radar perception technology and end-to-end AI radar model, as well as capacity expansion and the development of an all-domain perception system for applications across multiple physical AI scenarios.
