Gasgoo Daily: Mass-produced BYD Huweijian (Frigate) 07 rolls off line

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.

Mass-produced BYD Huweijian (Frigate) 07 rolls off line

The mass-produced BYD Huweijian 07, or generally dubbed Frigate 07 in English context, officially rolled off the production lines. Presale of the vehicle kicked off earlier, with a price range of 220,000-280,000 yuan. The model is expected to hit the market in November this year.

Photo credit: BYD

GAC Trumpchi EMPOW HEV hits market 

On October 25, GAC Trumpchi officially put the HEV version of the EMPOW sedan onto the market. Coming with two trim levels, the HEV model is priced at 128,000 yuan and 148,000 yuan, meaning that it is eligible for China’s car purchase tax cut promotion. 

NIO pours 2 billion yuan in new battery technology firm

NIO Battery Technology Co., Ltd. was incorporated recently with a registered capital of 2 billion yuan, according to China’s corporate database Tianyancha. Wholly-owned by NIO, the new firm is authorized to operate in such areas as technology import and export, battery manufacturing, battery sales, sales of graphite and carbon products, new membrane material sales, AI intelligent application software R&D, etc. 

FAW-Volkswagen's 25 millionth vehicle roll off line

On October 24, FAW-Volkswagen celebrated its 25,000,000th vehicle rolling off the production line at the assembly shop of the company’s Changchun base.

Toyota Motor unveils bZ3 all-electric sedan for Chinese market

Toyota Motor Corporation ("Toyota") on Oct. 24 unveiled the Toyota bZ3, the second model in its bZ series. The new model is an all-electric sedan co-developed for the Chinese market by BYD Toyota EV Technology Co., Ltd. (called “BTET” for short, a joint venture between Toyota and BYD Company Ltd.) and FAW Toyota.

Li Auto said to see head of AI algorithms resign soon

The head of Li Auto’s intelligent driving AI algorithm unit and chief AI scientist, Wang Yilun, is said to resign from the Chinese new energy vehicle startup soon, a local media outlet said on October 25.

Geely, Autoliv form strategic partnership for automotive safety technologies

Autoliv China, a subsidiary of Autoliv, announced on October 24 its strategic cooperation with Geely Automotive Research Institute, in a bid to promote future automotive safety technology advancement.

Toyota Motor breaks ground on fuel cell R&D, production base’s first phase in Beijing

On Oct. 24, Toyota Motor broke ground on the first phase of its fuel cell R&D and production base in Beijing, marking a major step towards the introduction and promotion of fuel cell technologies in China, the Japanese automaker announced via its WeChat account.