Gasgoo Daily: Limited edition AVATR 011 unveiled in Chengdu

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.

Limited edition AVATR 011 unveiled in Chengdu

On May 26th, the limited-edition designer model, the AVATR 011, was unveiled at the AVATR 011 STUDIO event. Users interested in the vehicle are able to acquire a priority order right by placing a deposit of RMB9,999. The display event will come to Guangzhou, Beijing, Shanghai, and Wuhan soon after.

Photo credit: AVATR

Cadillac’s LYRIQ to showcase at Shenzhen’s auto show

Cadillac will showcase its LYRIQ, CT5, XT6, XT5, and XT4 models at the 2022 Guangdong-HongKong-Macao Greater Bay Area International Auto Show. The new color of the CT5 will also be on display.

Photo credit: Cadillac

Chongqing to build double-digit billion yuan worth of ICV industry cluster

The China Intelligent and Connected Vehicles (Beijing) Research Institute-backed intelligent connected vehicle innovation center officially landed in Chongqing city. The project aims to build a intelligent connected vehicle (ICV) industry cluster worth of a double-digit billion yuan in the city, helping Chongqing obtain one of the most developed ICV industries in China.

Mercedes-Benz, LiangDao Intelligence to co-develop smart city system in Germany

Mercedes-Benz Group has inked an MoU (memorandum of understanding) with China’s LiDAR supplier Liangdao Intelligence to help Wuppertal, Germany with the city's intelligent traffic project.

Ganfeng Lithium breaks ground on lithium battery materials plant in Fengcheng

On May 23, Jiangxi Ganfeng Lithium Co., Ltd. (“Ganfeng Lithium”), one of the world's top producers of battery-grade lithium, broke ground on its new lithium battery materials manufacturing base in Fengcheng, a county-level city in China's Jiangxi province, according to a post on Ganfeng Lithium's WeChat account.

Tencent, Alibaba-backed ride-hailing firm T3 Mobility said to seek RMB5 billion investment

China’s Tencent and Alibaba Group-backed online ride-hailing platform, T3 Mobility, is reportedly seeking at least RMB5 billion ($750 million) in its latest financing round, several media outlets reported on May 25th.

Shenzhen issues measures to boost automobile consumption

South China's metropolis of Shenzhen has released a slew of measures to spur automobile sales, according to a governmental document posted on the official website of Shenzhen's municipal government.

JAC Group to adopt automotive chips from Black Sesame Technologies

On May 26th, China’s major auto group JAC Group and auto-grade chip supplier Black Sesame Technologies inked a strategic cooperation agreement in Hefei, Anhui province.

Dongfeng, Nissan joint venture DFL said to transfer control right of light truck subsidiary

Dongfeng Motor Company Limited (DFL) is planning a share transfer process , according to an announcement from DFL’s light truck subsidiary Dongfeng Automobile Company (DFAC) on May 25th. The transfer may bring changes to DFAC's controlling shareholder.

King Long teams up with Dongfang Boiler Group on hydrogen-related businesses

Xiamen King Long United Automotive Industry Co., Ltd. (“King Long”), a leading Chinese bus manufacturer, announced earlier this week it has signed an agreement with Dongfang Boiler Group Co., Ltd. (“DBC”) to form a strategic cooperation on hydrogen fuel business.