Gasgoo Daily: New Lexus RZ, new-generation Lexus RX hit Chinese market

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.

New Lexus RZ, new-generation Lexus RX hit Chinese market

On Feb. 14, a refresh model of the Lexus RZ and the next-generation Lexus RX hit the Chinese market, featuring a respective guidance price range of 369,900 yuan-459,900 yuan and 405,000 yuan-619,000 yuan.

Photo credit: Lexus China

Farasis Energy to conduct to reverse factoring over accounts receivable from Mercedes-Benz AG

Chinese power battery maker Farasis Energy announced today its subsidiary Farasis Technology (Zhenjiang) Co., Ltd. intends to sign a supply and service agreement amendment with Mercedes-Benz AG for the reverse factoring of the accounts receivable due from the German luxury carmaker.

DENZA N7/N8 get spotted out in winter test

The BYD-backed premium EV maker, DENZA, recently released a winter test video, where its two all-new SUV models, likely to be named N7 and N8, were unveiled. The DENZA N7 would be a mid-sized all-electric 5-seater SUV, while the N8 would be a full-sized SUV with six- and seven-seater options.

Guangzhou’s Nansha district launches FCV-enabled public mobility service project

On Feb. 14, a public mobility service project co-conducted by GAC Toyota and the government of Nansha district, Guangzhou city was officially launched to offer people the riding experience with fuel cell vehicles (FCV), according to a press release from the Sino-Japanese joint venture.

All-new VOYAH FREE to be powered by Baidu’s Apollo intelligent driving system

Photos of the refreshed FREE SUV under Dongfeng Motor’s premium new energy vehicle brand VOYAH was recently released by China’s Ministry of Industry and Information Technology (MIIT).

SVOLT, CZBank Financial Leasing to ally on innovation in financial service models

On Feb. 15, SVOLT Energy Technology Co., Ltd. ("SVOLT"), one of the main power battery suppliers in China, and Zhejiang Zheyin Financial Leasing Co., Ltd. (“CZB Financial Leasing”) signed a strategic cooperation agreement in Changzhou city to jointly explore innovative financial service models, according to a post on SVOLT’s WeChat account.

Xiaomi Auto said to be close to getting new energy vehicle production credentials

Xiaomi Auto is reportedly only a few steps away from getting the manufacturing credentials for new energy vehicles, according to several local media channels.

Xiaomi invests in drive-by-wire chassis supplier Trugo Tech

China’s tech giant and automaking freshman Xiaomi recently invested in chassis maker Shanghai Trugo Technology Co. Ltd. (Trugo Tech) through its wholly-owned subsidiary Hanxing Venture Capital Co., Ltd., according to China’s corporate database Tianyancha.

SGMW’s 2023 KiWi EV sees intelligent driving system upgraded

SAIC-GM-Wuling (SGMW), General Motors' joint venture with Chinese partners SAIC Motor and Guangxi Automobile Group, introduced on February 15 the first system upgrade of its 2023 KiWi EV model, which is powered by DJI and ByteDance’s Volcano Engine.

SAIC Roewe starts presale of all-new Roewe RX9 SUV

On Feb. 15, Roewe, one of the brands under SAIC Motor Passenger Vehicle Company, started presale of the all-new Roewe RX9, a full-sized flagship SUV model to officially hit the market in early March.

JIDU inaugurates ROBOVERSE experience center in Beijing

On February 14, JIDU officially inaugurated the ROBOVERSE experience center in Beijing's Sanlitun shopping district, introducing the concept of ROBOVERSE (universe for automotive robots), and a series of groundbreaking digital experiences for users.

BYD teams up with Santander Bank for expansion into Mexican passenger vehicle market

BYD recently formed a strategic partnership with Santander Bank (“Santander”), a multinational banking group, laying the cornerstone for BYD’s expansion into the Mexican passenger vehicle market, according to a post on BYD’s WeChat account.

Geely-backed phone maker Meizu releases patent for onboard phone message notification

Meizu Technology (Meizu), the Chinese smartphone maker backed by Geely, released a patent for a way to notify drivers of their phone messages via the breathing lights on cars, according to China’s corporate database Tianyancha.

Great Wall Motor’s Haval unveils two new PHEV models coded-named A07, B07

Great Wall Motor ("GWM") unveiled two new Haval-branded PHEV (plug-in hybrid electric vehicle) models on Feb. 13 via its WeChat account, shortly after announcing the Chinese name of the Haval H-DOG, another PHEV model under the brand.