Gasgoo Daily: GAC AION Y Younger to hit market today

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.

GAC AION Y Younger to hit market today

On March 7, GAC AION’s AION Y Younger compact pure-electric SUV will officially hit the market. The all-new model measures 4,410mm long, 1,870mm wide, 1,645mm tall, with a 2,750mm wheelbase. 

AION Y Plus; photo credit: GAC AION

Baidu sets up Apollo smart mobility subsidiary in Fuzhou, Fujian Province

Recently, Apollo Zhixing Technology (Fuzhou) Co., Ltd. was incorporated with 100 million yuan of registered capital. The new company is authorized to operate in such fields as technology consultation, intelligent onboard device sales, AI basic software R&D, IoT applications, motor vehicle charging device sales, etc. The company is wholly-owned by Beijing Baidu Zhixing Technology Co., Ltd., according to the Chinese corporate database Tianayancha. 

JMC’s Fushan factory hits new high in SUV daily production volume

With manufacturing orders for its SUV models piling on, Jiangling Motors Corporation (JMC), saw the SUV assembly unit of its Fushan factory hit a daily production record of 420 units. 

JAC Group boasts 41.57% YoY surge in Feb. 2023 sales

In the second month of 2023, JAC Group sold 49,688 vehicles in total, representing a 40.32% jump from the previous month and a 41.57% surge from the previous year, according to JAC Group’s announcement issued on March 7. 

NavInfo to provide GWM with urban autonomous driving map services

China’s leading map data and location services provider, NavInfo, has recently received nominated orders from the Chongqing purchasing branch of Great Wall Motor (GWM).

SenseTime-backed investment arm partakes in Series A2 financing of EXCEEDDATA (SCT)

Today, Zhixie Huitong, the automotive intelligence company also known as EXCEEDDATA (SCT), announced that it had closed its Series A2 financing round in December 2022, which was participated by SenseTime’s SenseCapital.

JIMU Intelligent, Sensrad team up on 4D mmWave radar-powered intelligent driving solutions

JIMU Intelligent, a Chinese provider of intelligent driving solutions, on March 7 announced a strategic partnership with Sensrad, a subsidiary of Swedish tech company Qamcom Group.

FAW-Toyota begins pre-sale of bZ3 BEV, starting at 169,800 yuan

On Mar 6, FAW-Toyota officially kicked off the presale of the Toyota bZ3 with its price range unveiled at the same time.

Geely Holding, TEDA to co-launch industrial fund for automotive business investment

Zhejiang Geely Holding Group (“Geely Holding”) and local authorities of Tianjin Economic-Technological Development Area (“TEDA”) intend to jointly launch an industrial fund focusing on the investment in the automotive industry, according to a statement issued by TEDA.