Gasgoo Daily: China April vehicle sales expected to fall 48% YoY

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.

BYD Huweijian 07 to make debut on May 28

The BYD Huweijian 07, the first mid-size SUV model from BYD’s Ocean series, is said to make debut at the Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show, which will be held from May 28.

Geometry E to start presale in May

The Geometry E, an all-new small SUV model from Geely Auto’s Geometry brand, will start presale in May and deliveries will commence in the second quarter.

China April vehicle sales expected to fall 48% YoY

In April, China’s vehicle sales are expected to fall 48% from a year ago and decline 47.6% month over month to 1.171 million units, the China Association of Automobile Manufacturers said based on the weekly sales data automakers submitted. In the first four months of this year, the country’s vehicle sales are forecasted to drop 12.3% year over year to 7.68 million units.  

SERES raises price on HUAWEI Smart Selection SF5 model

On May 6th, Chinese automaker SERES released an announcement about an upcoming price increase on its HUAWEI Smart Selection SF5 model.

Geely reportedly in final stages of acquiring smartphone maker Meizu

Geely Holding has reportedly acquired China’s smartphone company Meizu and entered the final stages of the transactions, several local media outlets reported on May 6th.

SAIC-backed IM Motors plans for first public funding round

The first public financing round of IM Motors, an electric vehicle joint venture among SAIC Motor, Alibaba Group and Zhangjiang Hi-Tech, has already been in the works, Liu Tao, co-CEO of IM Motors, recently revealed to a local media outlet.

In-driving launches 5th-generation domain controller TITAN5

On May 6th, China’s intelligent driving developer, In-driving introduced its fifth-generation domain controller, the TITAN5.

Greater Bay Technology secures 1 bln yuan in Series A financing

Greater Bay Technology (“GBT”), which specializes in the production, development and sales of super-fast charge lithium batteries, announced on May 5 it bagged nearly 1 billion yuan ($149.894 million) in the A funding round, which attracted such investors as Borun Capital, Nan Yue Fund, Tencent Investment, Canton Financial Investment, and Xidea.

NIO announces proposed secondary listing on Singapore Exchange

NIO Inc. (“NIO”) announced on May 6 the proposed secondary listing of its Class A ordinary shares, par value of $0.00025, by means of introduction on the Main Board of the Singapore Exchange Securities Trading Limited (“the SGX-ST”).

AVATR's valutaion surges to RMB6.26 billion

Changan Auto’s premium new energy vehicle brand AVATR announced that its valuation has surged to RMB6.26 billion ($938.16 million), soaring nearly 700% from before.