Gasgoo Daily: All-new GAC Trumpchi GS3 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.

All-new GAC Trumpchi GS3 to hit market today

The all-new Trumpchi GS3 small SUV is scheduled to go on sale on March 8. Presale of the model has already kicked off previously, with a price range of 88,000 yuan- 112,000 yuan. The new GS3 will come with four trim levels.

Photo credit: GAC Trumpchi

Geely sets up automotive software tech company with ThunderSoft

Zhejiang Xingchuang Automotive Software Technology Co., Ltd. was recently established with a registered capital of 40 million yuan, according to China’s corporate database Tianyancha. The company is authorized to operate in such areas as AI intelligent basic software R&D, computer software and hardware sales, etc. The new company is indirectly jointly-owned by Geely-affiliated Zhejiang Jirun Automotive Co. Ltd., and Chinese software developer ThunderSoft.

Changan Mazda CX-50 to roll off line on March 16

The Changan Mazda CX-50 compact SUV will officially roll off the production line on March 16. The model will ride on the automaker’s newly developed hybrid electric platform, signifying that except of the initial oil-fueled version, the CX-50 will also be offered in a hybrid-electric version. In addition, the Changan Mazda CX-50 is expected to hit the market in May this year.

Beijing Mercedes-Benz Sales Service appoints new president & CEO

Beijing Mercedes-Benz Sales Service Co. Ltd. announced on Tuesday a major personnel appointment. Jan Madeja, the company's President and CEO, will be stepping down from his nearly four-year tenure in the Chinese market and returning to Mercedes’ German headquarters for a new position.

China’s autonomous truck solution developer Corage closes new strategic financing round

Chinese commercial vehicle autonomous driving company Corage announced on March 7 that it has secured strategic investment from Sumitomo Corporation Equity Asia Limited, a strategic investment arm of Sumitomo Corporation.

China's locally-made PV retail sales grow MoM, YoY in Feb. 2023

China's passenger vehicle (PV) retail sales amounted to 1.418 million units in Feb. 2023, growing 10.4% from the previous year, while also rising 8.8% from the previous month, according to the China Passenger Car Association (CPCA).

GAC AION puts AION Y Younger onto market, starting at 119,800 yuan

On March 7, GAC AION, the new energy vehicle (NEV) arm of GAC Group, put the AION Y Younger, onto the market with a guidance price of 119,800 yuan ($17,180). Its advent has further lowered the starting price of the AION Y PLUS’ lineup.

Changan Automobile achieves 38.27% YoY jump in Feb. 2023 sales

In February 2023, Chinese automaker Chongqing Changan Automobile Co., Ltd. (Changan Automobile) saw its monthly sales recover from the downturn in January with a double-digit year-on-year growth.

Second-generation Hongqi L4 Robotaxi kicks off road test in Beijing

China's major legacy automaker FAW Group saw its self-developed second-generation Hongqi L4 Robotaxi successfully obtained the autonomous driving licenses based on mass-produced sensors issued by Beijing's authority.

ECARX’s chairman & CEO to additionally play same roles at Xingji Meizu

ECARX Holdings ("ECARX"), a mobility tech provider Geely Holding's Chairman Eric Li, announced on Mar. 7 that its Chairman and CEO, Shen Ziyu, will additionally assume the position of CEO and Chairman of Xingji Meizu Group (“Xingji Meizu”), while retaining his role in and his commitment to ECARX.

U Power to adopt Renesas’ chips for building of UP Super Chassis

At the UP DAY 2023, a significant tech event held on March 7, U Power, a Chinese skateboard chassis developer, announced its cooperation with the world’s leading semiconductor chip supplier Renesas Electronics (“Renesas”).