Gasgoo Daily: Foton Motor sees 11.3% YoY rise in export volume in Jan. 2023

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.

Foton Motor sees 11.3% YoY rise in export volume in Jan. 2023

BAIC Group disclosed on February 21 that its commercial vehicle subsidiary, Foton Motor, exported over 8,000 vehicles overseas in the first month of 2023, which represented a 11.35% increase year-on-year. Among which, overseas sales of Foton Motor’s heavy-duty trucks soared 92.9% in January over the previous year.

Chery EXEED Yaoguang SUV hits market

Chery EXEED’s flagship SUV model, Yaoguang, officially hit the market today. Positioned as a mid-size SUV riding on the EXEED’s M3X Mars architecture 2.0, the Yaoguang starts at 167,800 yuan.

Photo credit: EXEED

Dongfeng Nissan’s Venucia brand to adopt Baidu’s ChatGPT-like ERNIE Bot on cars

Dongfeng Nissan’s Venucia brand has officially become one of the first users of Baidu’s AI dialogue model, ERNIE Bot. The technology will help Venucia enrich its users’ onboard intelligent experience.

Chinese chassis-by-wire firm Trugo Tech closes Series A, A+ rounds

Chinese chassis-by-wire tech developer Shanghai Trugo Technology Co. Ltd. (“Trugo Tech”) today announced via its WeChat account it has completed its Series A and A+ financing rounds with over 100 million yuan ($14.547 million) raised in total.

BMW's Shenyang base celebrates 5 millionth vehicle rolling off production line

On February 20, a brand new full-electric BMW i3 eDrive40L rolled off the production line at BMW iFACTORY in Tiexi, Shenyang, Liaoning Province, marking the production of the 5 millionth vehicle at BMW's Shenyang manufacturing base and the beginning of a new chapter in BMW's journey towards electrification.

Anhui Province puts first self-driving bus route into public operation

On February 20, Anhui Province’s first public autonomous driving bus route under the 5G+C-V2X public transportation project kicked off operation in Baohe Economic Development Zone, Hefei, the city announced.

Huawei, JAC Group’s new energy vehicle factory starts construction

The new energy vehicle (NEV) factory project jointly developed by China’s ICT giant Huawei and JAC Group has kicked off, according to a bidding document released by China State Construction last week.

XPeng started production at car manufacturing plant in Guangzhou city

XPeng’s intelligent manufacturing plant in Guangzhou city, the capital of China’s Guangdong province, recently started operation, according to a press release issued on Feb. 20 by Guangzhou GET Investment Holdings Co., Ltd., who is responsible for the construction works.

Chinese EV charging/discharging tech developer XY Power closes Series A funding

Xi'an XY Power (“XY Power”), a Chinese electric vehicle (EV)-related technology developer, recently announced the completion of its Series A financing, which was jointly backed by such entities as Hangzhou Lion Microelectronics Co., Ltd., Ginlong (Solis) Technologies, Ten Pao Group, Shenzhen Guozhong Venture Capital Management Co., Ltd., and Dayou Venture Capital.

China’s personalized car firm CYBERSPACE bags nearly 100 million yuan in Pre-B round

CYBERSPACE, a Chinese high-end personalized car brand, recently fulfilled its Pre-B financing round, which raised for the company nearly 100 million yuan ($14.558 million).