Gasgoo Daily: FAW’s Hongqi to begin presale of Hongqi H6 in late March

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.

FAW’s Hongqi to begin presale of Hongqi H6 in late March

FAW Group’s premium brand Hongqi will kick off presale of its all-new sedan model, the Hongqi H6, on March 26, and put the model onto the market at the Auto China in Shanghai next month.

Hongqi H6; photo credit: Hongqi

SAIC VW launches time-limited sales promotion for entire ID. series

The Sino-German joint venture SAIC Volkswagen on Mar. 14 announced the beginning of a sales promotion campaign for the entire ID. series with the validity period ending on Mar. 31. Under the new polices, prices will be reduced as high as 30,000 yuan, and users who come to shops for car purchase may enjoy another price cut of 10,000 yuan.

Changan Lamore compact sedan to hit market on Mar. 18

Changan Auto’s all-new compact sedan model, the Changan Lamore, will hit the market on Mar. 18. With three trim levels offered, the model features a presale price range of 89,900 yuan to 110,900 yuan.

DOMO Chemicals breaks ground on new factory in China’s Jiaxing city

DOMO Chemicals, a world’s leading provider of engineering materials and sustainable plastics solutions, on Mar. 15 celebrated the groundbreaking for its new factory in Haiyan county, Jiaxing city, China’s Zhejiang province.

Changan Mazda said to discontinue production of CX-8, CX-4, Atenza in China

Changan Mazda is reportedly planning to stop producing three vehicle models, the CX-8, the CX-4, and the Atenza, in March 2023, according to a notice that has been circulating online.

DENZA N8 mid-to-large-sized SUV exposed in winter testing video

DENZA, the premium auto brand majority-owned by BYD, released a video earlier this week via its Twitter-like Weibo account to show the cold-weather testing of the DENZA N8, the brand’s first mid-to-large-sized SUV model.

Leapmotor, Li Auto issue ‘90-day price match guarantee’

On March 14, Chinese new energy vehicle (NEV) startup Leapmotor issued a "90-day price guarantee" in response to the current trend of price reductions in the local automotive market.

Beijing Benz bags 24.82 billion euros in revenue during 2022

BAIC Motor Corporation Limited (“BAIC Motor”), the HK-listed entity of BAIC Group, announced on March 14 the 2022 annual revenue of Beijing Benz Automotive Co., Ltd. (“Beijing Benz”) jumped 16.59% year on year.

BAIC Group, CATL sign MoU to co-develop power batteries

On March 13, BAIC Group and CATL inked a memorandum of understanding (MoU) for the strategic cooperation on developing power batteries, according to a post on BAIC Group’s WeChat account.

HOZON Auto gets financial support from Bank of Communications’ Shanghai branch

HOZON Auto, the owner of the Chinese new energy vehicle (NEV) brand NETA, recently signed an agreement with the Shanghai branch of Bank of Communications (“BOCOM Shanghai”) to conduct in-depth strategic cooperation in credit business, settlement business, international business, corporate business, investment banking business, personal business, electronic banking, and other fields, the Chinese NEV startup announced on March 14 via its WeChat account.