Gasgoo Daily: Leapmotor C11’s REEV version to hit market on March 1

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.

Leapmotor C11’s REEV version to hit market on March 1

Chinese NEV startup Leapmotor will put the range-extended electric vehicle (REEV) version of the C11 SUV onto the market on March 1 and plans to start delivering the new product in mid-March. Pre-sale price range of the C11 REEV is 159,800 yuan-200,000 yuan ($22,940-$28,710).

Photo credit: Leapmotor

BYD said to launch new brand in 2023 coded-named 'F'

BYD will launch a fire new professional and personalized brand, coded-named “F brand”, this year, according to a local media outlet, citing people familiar with the matter.

Jiangnan U2 small-sized car hits market

The Jiangnan U2, a small-sized all-electric car model produced by Chinese automaker Jiangnan Automobile, went on sale on Feb. 26. Coming with six trim levels, it is priced from 56,800 yuan to 98,800 yuan ($8,150-$14,180).

Rising Auto ships first OTA upgrade for R7 SUV

On Feb. 24, Rising Auto, the electric vehicle brand of SAIC Motor, announced the launch of the first OTA upgrade for its R7 full-sized SUV, with the RISING OS 1.1.0 to be gradually rolled out to users. The latest OTA upgrade includes improvements to the intelligent cockpit and energy supplementation, with a total of 26 new major functions added and 20 experiences optimized.

Li Auto scores two-digit YoY, QoQ growth in Q4 2022 revenue

Li Auto Inc. announced on Monday its revenue reached 17.65 billion yuan ($2.56 billion) in the fourth quarter of 2022 (Q4 2022), surging 66.2% year on year and also soaring 88.9% quarter on quarter.

Tencent, IDG Capital invest in Chinese auto startup ROX’s Series E financing round

ROX, the auto startup project founded by Chang Jing, the founder and CEO of China’s intelligent cleaning robot company Roborock, has reportedly closed its Series E financing round, which was led by Tencent and IDG Capital.

Brunp Recycling, Mercedes-Benz sign MoU for closed-loop battery recycling

On Feb. 27th, 2023, Hunan Brunp Recycling Technology Co., Ltd. (“Hunan Brunp”) and Mercedes-Benz signed an memorandum of understanding (MoU) to carry out cooperation on a closed-loop recycling project of power batteries, according to a post on the WeChat account of Guangdong Brunp Recycling Technology Co., Ltd. (“Brunp Recycling”).

GWM’s subsidiary breaks ground for new semiconductor module packaging & testing project

On Feb. 26, 2023, Wuxi Xindong Semiconductor Technology Co., Ltd., (“Xinding Semiconductor”), a subsidiary of Great Wall Motor (“GWM”), held a groundbreaking ceremony for its “third-generation semiconductor module packaging and testing” project, according a post on GWM's WeChat account.

Horizon Robotics, BAIC Group team up on intelligent driving applications

On February 24, Horizon Robotics and BAIC Group officially signed an agreement to further strengthen their business cooperation in the field of intelligent driving.

Car and City: Huawei’s auto partner SERES Auto registers 3,271 vehicles in Jan. 2023

SERES Auto, Chinese ICT giant Huawei’s first official automaking partner, registered 3,271 vehicles in the first month of 2023, representing a 70.11% plunge month-over-month, according to the data compiled by Gasgoo Auto Research Institute (GARI).

Car and City: Tesla’s China registrations rise YoY in Jan. 2023 despite overall drop in auto market

China's monthly registrations of locally-made passenger vehicles (PVs) reached 1,246,069 units in Jan. 2023, plunging 42.99% year on year and also tumbling 49.44% month on month, according to the data compiled by Gasgoo Auto Research Institute (“GARI”).