Gasgoo Daily: SGMW strives to hit 1 mln units of annual NEV sales by 2023

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-GM-Wuling strives to hit 1 million units of annual NEV sales by 2023

SAIC-GM-Wuling eyes an annual NEV sales target of 1 million units by 2023, according to SAIC Motor. At that moment, the joint venture wishes to build five industries with a yearly production value of 10 billion yuan ($1.584 billion), namely, battery, electric drive system, electric control facility, commercial service, and robot.

KiWi EV; photo credit: SGMW

FAW-Toyota to put new Avalon onto market in late March

A refreshed version of FAW-Toyota's Avalon will hit the market on March 28. Compared to the outgoing model, the new one will carry the new China-made A25H 2.5-liter naturally aspirated engine.

CATL invests in mining firm incorporated in Yichun

According to the corporate database Tianyancha, Yichun Xinfeng Lithium Industry Co., Ltd. has been renamed as Yichun CATL New Energy Mining Co., Ltd., which is currently 65% held by Yichun CATL New Energy Resource Co., Ltd., a subsidiary of CATL.

XPeng's ‘metaverse’ trademark application rejected

According to Tianyancha, XPeng's application for the trademarks related to “metaverse” was recently rejected by authorities.

Lynk & Co 06 PHEV SHERO hits market

The Lynk & Co 06 PHEV SHERO Limited Edition has already become available for sale on the market with only one variant. Its guidance price is 168,800 yuan ($26,730).

Li Auto's L9 new SUV to start from RMB450,000 to RMB500,000

On March 9th, China's rising auto startup, Li Auto released partial information on its second production model, the L9 SUV, priced from RMB450,000 to RMB500,000 ($71,264 to $79,182).

Geely Holding, Baidu to set up AI centers and labs as relationship deepens

On March 3rd, Zhejiang Geely Holding Group (Geely Holding) and its business partner, Baidu, struck a deal to deepen their cooperation in the automotive intelligence field, the tech giant announced on March 9th.

FAW Group pours hundreds of millions of RMB to chip developer SiEngine

China's major auto player, FAW Group, recently invested hundreds of millions of yuan to local automotive chip developer, SiEngine, the latter announced on March 9th.

SAIC Z-ONE names new chief scientist of intelligent driving computing platform

On March 8th, SAIC Motor's automotive intelligence arm, SAIC Z-ONE, announced that the renowned autonomous driving specialist, Dr. Huang Yu, has assumed the position of chief scientist of the intelligent driving computing platform.

Tesla exports 33,315 China-made vehicles in February

Tesla sold 56,515 China-made new vehicles in February, according to the China Passenger Car Association (CPCA). The results included 33,315 vehicles exported from its Shanghai plant.