Gasgoo Daily: BYD July sales up 82.94% YoY

With Gasgoo Daily, we will offer several pieces of automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

BYD July sales up 82.94% YoY

BYD sold 57,410 new vehicles in July, up 82.94% from a year ago. In the first seven months of this year, BYD’s total sales jumped 60.04% to 304,099 vehicles.

BYD reported to supply Tesla with blade batteries

BYD will start to supply Tesla with its blade batteries from the second quarter of next year, a local media outlet reported, citing several sources familiar with the matter. BYD declined to comment.

Lincoln sells 7,700 vehicles in China in July

Lincoln’s July sales in China totaled 7,700 vehicles, up 36% year on year and up 10% month on month, according to the brand. The monthly sales of the Nautilus surged 167% year on year to over 2,000 vehicles while the Aviator’s jumped 71% from a year ago.

Photo credit: Lincoln

SAIC Motor PV July sales up 17% YoY

Monthly sales of SAIC Motor PV in July increased by 17% year on year. Its overseas sales of last month exceeded 20,000 vehicles again, surging 103% from a year ago. In the first seven months of this year, the PV segment’s sales jumped 54%.

Presale of new Changan CS55PLUS starts

Presale of the second-generation Changan CS55PLUS started on August 5. The new generation has three versions with a price range between RMB106,900 ($16,537) and RMB121,900 ($18,858).

Photo credit: Lincoln

MaxSense Technology closes Pre-A funding

MaxSense Technology, an autonomous driving and industrial operation optimization developer in China, has closed a Pre-A financing round, which was led by Weichai Industrial Fund and Breton.

Xiaomi builds new tech subsidiary qualifying for NEV sale

Xiaomi recently established a subsidiary whose business scope covers sale of new energy vehicles (NEVs). Founded on August 2, 2021 and located in Guangdong province, the new company, dubbed Guangdong Hengqin Xiaomi Technology Development Co.,Ltd., involves a registered capital of 1 million yuan ($154.7 million).

Toyota halts production of assembly line in Guangzhou

Toyota stopped the production of an assembly line in its Guangzhou factory on August 4, which was confirmed by the Japanese company. The shortage of some chip-related components resulted in the production adjustment, the company added.

Xiangdao Chuxing launches fund to raise 500 million yuan

Xiangdao Chuxing, the mobility service brand of SAIC Motor, announced on August 4 the launch a special asset-backed project dubbed “Xiaodao No.1”, which is intended for raising 500 million yuan ($77.346 million).

China’s deliveries of imported PVs rise 14.4% in H1, 2021

For the first half of 2021, there were 493,837 imported passenger vehicles (PVs) delivered in China, representing a 14.4% growth mainly thanks to the low base for the year-ago period, according to the Sinomach Automobile Co.,Ltd., China's largest dealer of imported vehicles.