Gasgoo Daily: HOZON Auto’s NETA releases images of NETA GT

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

HOZON Auto’s NETA releases images of NETA GT 

NETA, the new energy vehicle brand of HOZON Auto, officially released the design of the brand’s first sports car, the NETA GT. The two-door four-seater model may be expected to be on the market in April and delivered in the first half of this year. 

Photo credit: NETA

Hyundai Motor Group reportedly to adopt CATL's LFP batteries for 2nd-generation KIA Ray EV

Hyundai Motor Group is reportedly considering adopting CATL’s LFP battery (lithium iron phosphate battery) for the second-generation KIA Ray EV model, which is the automaker’s first LFP battery-powered electric vehicle model. Prior to the rumored cooperation, Hyundai Motor has already been using CATL-made ternary lithium battery cells. 

BYD-backed Denza unveils second SUV model ‘N8’

On March 10, Denza, the premium electric vehicle maker backed by BYD, officially introduced its third production model and second SUV model, the N8. Positioned as a premium SUV that is good for both daily family use and outdoor off-road experience, the N8 features a switchable seating layout of both five and seven seats. The N8 will be put onto the market in the second quarter of 2023 and delivered in the third quarter. 

XPeng P7i hits market with starting price of 249,900 yuan

On March 10, XPeng put the XPeng P7i, an upgraded version of the XPeng P7 sedan, onto the market. Coming with four trim levels, the new model features a price range of 249,900 yuan ($35,900) to 339,900 yuan ($48,810).

China’s auto output, sales climb up YoY, MoM in Feb. 2023

In the second month of 2023, China's automobile output and sales both recovered from the slump in January. Meanwhile, the performance of new energy vehicles (NEVs) and auto export sustained their robust momentum as usual.

Neolix’s self-driving vehicle certified by Thai Ministry of Science and Technology

Chinese self-driving vehicle developer Neolix has partnered with Nagase (Thailand) Co., Ltd. to test its X3 Plus autonomous vehicle in Thailand. Neolix successfully passed the test and obtained relevant certification issued by Thai authorities on March 3.

Toyota Motor posts first YoY sales growth in China in four months

In the second month of 2023, among the three major Japanese automakers in China, both Honda Motor and Nissan Motor still face a double-digit year-over-year downturn in monthly sales in the country, while Toyota Motor saw its monthly performance recover to its normal level.

CATL boasts 152.07% YoY hike in 2022 annual revenue

Contemporary Amperex Technology Co., Ltd. (“CATL”) announced on Mar. 9 that its annual revenue reached 328.594 billion yuan ($47.191 billion) in the year of 2022, surging 152.07% from the previous year.

Great Wall Motor’s Feb. 2023 auto sales dip 3.65% YoY

Great Wall Motor (“GWM”) announced on Thursday its sales reached 68,209 vehicles in Feb. 2023, edging down 3.65% from a year earlier.