Gasgoo Daily: BAIC Group, BTL team up on chassis, auto body, intelligent driving businesses

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.

BAIC Group, BTL team up on chassis, auto body, intelligent driving businesses

On Jan. 31, BAIC Group and Bethel Automotive Safety Systems Co., Ltd. (“BTL”) signed a five-year strategic cooperation agreement to step up the collaboration in such fields as chassis, car body, and intelligent driving.

Photo credit: BAIC Group

Li Auto’s CEO reveals Li L5 will not be a SUV

The Li L5, a yet-to-be-launched mid-sized model to be priced between 200,000 yuan and 300,000 yuan, will not be a SUV, according to a post on the Weibo account of Li Xiang, CEO of Li Auto.

Ganfeng LiEnergy closes new funding round

Chinese investment firm CMG-SDIC Capital Co., Ltd. announced on Jan. 30 it had already completed the investment in Jiangxi Ganfeng LiEnergy Technology Co., Ltd. (“Ganfeng LiEnergy”), a subsidiary of Ganfeng Lithium. The proceeds will be used to help Ganfeng LiEnergy step up R&D and industrialization of solid-state batteries.

Geely’s premium EV brand likely to unveil third model at Auto China 2023

Geely Auto Group on Monday released several photos of the third model under ZEEKR, its premium electric vehicle brand, via its twitter account.

According to some local media outlets, the fire new model will ride on the Geely's SEA (Sustainable Experience Architecture) electric vehicle platform, and has the siblings of the Volvo EX30 and the smart #1.

Changan Automobile forecasts three-digit YoY surge in 2022 full-year net profit

Chongqing Changan Automobile Co., Ltd. ("Changan Automobile"), one of the major Chinese automobile groups, is likely to see its 2022 annual net profit attributable to shareholders zoom up 105.49%-144.9% from a year earlier.

Ganfeng Lithium’s 2022 annual net profit expected to soar up to 320.78% YoY

Jiangxi Ganfeng Lithium Co., Ltd. ("Ganfeng Lithium"), one of the world's leading producers of battery-grade lithium, announced on Monday it was expected to score a year-on-year hike of 244.27%-320.78% in its 2022 annual net profit attributable to shareholders.

Chinese intelligent driving solution provider Freetech completes Series B+ financing round

On January 31, China’s intelligent driving solution provider Freetech announced the completion of its Series B+ financing round.

Huawei’s automaking partner SERES Group expects 2022 annual revenue to double YoY

On January 30, SERES Group, Huawei’s car-making partner previously known as Chongqing Sokon Industry Group, announced it projects an annual net loss in the year 2022.

China’s Zhejiang province eyes annual NEV production volume of over 1.2 million units by 2025

East China's Zhejiang province expects its annual production volume of new energy vehicles (NEVs) to surpass 1.2 million units by 2025, according to a document issued by the Zhejiang Provincial Development and Reform Commission on Jan. 29.