Gasgoo Daily: Li Auto forecasts up to 196.1% YoY surge in Q2 2023 revenue

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.

Li Auto forecasts up to 196.1% YoY surge in Q2 2023 revenue

Chinese NEV startup Li Auto said its total revenues are expected to be between RMB24.22 billion (US$3.53 billion) and RMB25.86 billion (US$3.77 billion) in the second quarter of 2023, which should surge 177.4% to 196.1% year on year.

Li L9; photo credit: Li Auto

Changan Automobile sees Apr. sales leap 57.23% YoY

Chongqing Changan Automobile Co., Ltd. ("Changan Automobile") said today its Jan.-Apr. 2023 sales rise 2.94% year on year to 789,788 units, 181,980 units (+57.23% YoY) of which were sold last month.

Lifan Technology's Apr. sales edge up 2.32% YoY

Chinese automaker Lifan Technology sold 3,087 vehicles in Apr. 2023, representing a 2.32% slight year-on-year growth, according to the company’s press release.

China to implement China VI b vehicle emission standards nationwide from July 1, 2023

Starting from July 1, 2023, China will implement an upgraded version of vehicle emission standards, the China VI b, nationwide, according to a document released on the website of China’s Ministry of Ecology and Environment.

BYD's Yangwang U8 included in MIIT’s catalogue

The Yangwang U8, the first production model under BYD's nascent luxury auto brand Yangwang, has been included into a catalogue issued by China's Ministry of Industry and Information Technology ("MIIT") with some key parameters unveiled at the same time.

SERES Auto sells 2,953 vehicles in Apr. 2023

In the fourth month of 2023, SERES Group, Huawei's automaking partner, saw its monthly sales volume reach 14,731 vehicles in total, down 26.49% year over year.

Dongfeng Motor Group sees Apr. 2023 sales jump 29.73% YoY

In April 2023, Dongfeng Motor Group Company Limited (Dongfeng Motor Group) saw its monthly sales volume came in at 142,496 vehicles, indicating a jump of 29.73% from the earlier year, but facing a 25.91% drop from the previous month.

BYD Seal Champion edition hits market, starting at 189,800 yuan

On May 10, the BYD Seal all-electric fastback sedan’s Champion edition officially hit the market with its five trim levels priced between 189,800 yuan and 279,800 yuan.

DiDi Autonomous Driving, GAC AION to launch first L4 unmanned NEV in 2025

DiDi Autonomous Driving, the autonomous driving technology arm of Chinese online ride-hailing giant DiDi, and GAC AION, the new energy vehicle-dedicated unit of GAC Group, recently signed an agreement to deepen cooperation and announced the launch of the "AIDI Plan," a project to develop and mass-produce autonomous new energy vehicles, and the plan to build a joint venture.

Shanghai Jiading District opens expressways for autonomous driving vehicle road tests

Shanghai on May 9 granted the Shanghai Intelligent Connected Vehicle Highway Road Testing Notification to two companies, Toyota Technical Research and Service (Shanghai) Co., Ltd. and AutoX's Shanghai division, allowing the two entities to perform road tests with their autonomous vehicles under highway scenarios in Shanghai's Jiading District.

Nissan Motor's Apr. China sales grow 12.6% MoM

Despite the price fluctuations in the Chinese automotive market, Nissan Motor's China sales still reached 61,313 units in April, representing a month-on-month growth of 12.6%, but reflecting a 1.5% notch down year-on-year.

JD.com, ZF Aftermarket team up in automobile aftermarket area

On May 9, 2023, the automobile sales unit of JD.com (called "JD" for short) and ZF Aftermarket officially signed a strategic cooperation agreement, under which, over the next three years, the two parties will jointly implement the "JD-ZF Plan", engaging in in-depth co-construction in multiple areas such as product, user, channel, and service network.

CBIRC approves BYD’s acquisition of 100% stake in insurance company 1 AN .COM

On May 9th, the China Banking and Insurance Regulatory Commission ("CBIRC") released on its official website a reply regarding the change of shareholders of 1 AN .COM, a Chinese property insurance company.