Gasgoo Daily: BBAC’s EQE to make official debut on June 13th

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.

BBAC’s EQE to make official debut on June 13th

Beijing Benz Automotive Co., Ltd. (BBAC), the joint venture between Mercedes-Benz and BAIC Group, announced today that the China-made EQE full-size electric sedan will hit be unveiled on June 13th, and hit the market later this year.

Photo credit: BBAC

Changan Automobile sells 151,102 vehicles in May

According to Changan Automobile’s production and sales report of May, the company sold 151,102 vehicles in the past month, dropping 18.09% year over year, but up 30.55% from April.

DENZA starts construction of 76 retail stores

Zhao Changjiang, general sales manager of BYD and Mercedes-Benz’s joint brand, DENZA, disclosed that DENZA has kicked off the construction of 76 retail stores in 51 Chinese cities with more coming.

Geely sets up new subsidiary with RMB50 million registered capital

On June 9th, Zhejiang Green Intelligent Mobility Technology Co., Ltd. was established with a registered capital of RMB50 million. The company is licensed to conduct business in engineering and technology research and experiments, auto parts R&D, software R&D, professional design, and vehicle sales. The new company is indirectly wholly-owned by Zhejiang Geely Holding (Group) Co., Ltd.

NIO Inc. Reports Unaudited First Quarter 2022 Financial Results

NIO Inc., a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2022.

JMEV's first electric sedan adopts BlackBerry, BICV-developed smart cockpit

BlackBerry and BDStar Intelligent & Connected Vehicle Technology Co., Ltd. (BICV) announced that the BlackBerry QNX and BICV’s cooperative next-generation intelligent cockpit has been deployed onto JMEV's (Renault Jiangling) first electric sedan, the Yi.

China's locally-made PV retail sales leap 29.1% MoM in May 2022

In May 2022, the retail sales of locally-made PVs (referring to cars, MPVs, SUVs and minibuses) in China amounted to around 1.374 million units, dropping 17.3% from a year earlier, while jumping 29.1% compared to the previous month, according to the China Passenger Car Association (CPCA).

Tesla sells 32,165 China-made vehicles in May 2022

In the fifth month of 2022, Tesla sold 32,165 China-made vehicles in wholesale, recovering greatly from April, according to the China Passenger Car Association (CPCA).

SAIC Motor scores two-digit YoY growth in May NEV, overseas sales

SAIC Motor announced today its monthly auto sales reached 363,591 units in May 2022, sliding 10.61% from the previous year.

SGMW's first NEV model powered by DJI's in-car system to hit market

On June 9th, SAIC-GM-Wuling (SGMW) and DJI saw their first collaborative result come to life, as the world’s first mass-produced new energy vehicle powered by DJI’s automotive system is about to hit the market.

Geely Holding, Hainan’s government to team up on NEV, aerospace, education projects

Zhejiang Geely Holding Group (“Geely Holding”) on June 8 signed an agreement with Hainan provincial government to carry out strategic cooperation in a host of fields, including new energy vehicle (NEV) and commericial aerospace, according to a post on Geely Holding’s WeChat account.

XPeng,Baidu-backed commercial vehicle AD startup Autra.tech closes Pre-A round

On June 8th, China’s autonomous driving developer, Autra.tech, announced the completion of its Pre-A financing round, raising RMB200 million ($29.91 million).

Gotion High-Tech starts production at battery cathode material base in Lujiang

Gotion High-Tech saw its high-end battery cathode material manufacturing base in Lujiang county, Hefei city started operation on June 8, the battery maker announced via its WeChat account.