Gasgoo Daily: SAIC VW denies production suspension of Santana

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.

SAIC VW denies production suspension of Santana

SAIC Volkswagen, the joint venture of SAIC Motor and Volkswagen Group, said that the production, sales, and service of the Santana, is undergoing normally, and sales remain stable.

Photo credit: SAIC VW

Great Wall Motor receives RMB 636 million as subsidies

Great Wall Motor said that from May 14 to October 31, the group and its subsidiaries received a total of RMB 636 million subsidies from government. The sum accounts for 11.86% of the group’s net profit attributable to shareholders of the period.

ZTO Freight set up new firm in Guangzhou

ZTO Freight registered a new company in Guangzhou with a registered capital of RMB 1 million. The new company’s business scope ranges from loading and moving to car rental, sales of automotive parts.

Leapmotor increases registered capital

The registered capital of Leapmotor increased to RMB1.012 billion. The company was founded in 2015 with business scope covering from the development, design of new energy vehicles and automotive parts.

SGMW’s 25,000,000th vehicle rolls off production line

SAIC-GM-Wuling (Wuling) celebrated a historic moment with its 250,000,000th vehicle rolling off the production line, marking the milestone of the first Chinese company to produce and sell 25 million vehicles.

HOZON Auto reportedly kicks off Pre-IPO investment round

HOZON Auto, the EV startup owning the brand NETA is reportedly raising another financing round with an $800 million bottom line and a $1 billion top limit.

MAXIEYE completes RMB300 million B round led by Desay SV

China's intelligent driving and mobility solution developer, MAXIEYE, completed its Series-B round of financing with RMB300 million ($47.05 million) raised, led by Desay SV, according to the company.

SenseTime joins hands with FAW subsidiary for intelligent vehicle mass-production

AI company SenseTime has teamed up with the AI development arm of FAW Group, FAW Nanjing Technology, to promote the development and mass-production of new-generation intelligent vehicles.

Ambilight closes Series C round, with BYD, NIO Capital as strategic investors

Electrochromic technology developer Ambilight Inc today announced that it has completed the Series C round financing, through which it managed to raise hundreds of millions of dollars.

VOYAH unveils first electric MPV, showcasing at Guangzhou Auto Show

The premium EV brand of Dongfeng Motor, VOYAH, introduced the brand’s second vehicle model, also the world’s first luxury large-size battery-electric MPV model, at an event last night.

WeRide introduces driverless Robotaxi with GAC Group, OnTime

China's leading autonomous driving startup, WeRide, announced today that it has entered into another strategic cooperation with GAC Group and its subsidiary mobility service platform OnTime to further its Robotaxi commercialization.