Gasgoo Daily: BYD Song Pro DM-i Champion edition to go on sale on May 25

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.

BYD Song Pro DM-i Champion edition to go on sale on May 25

The BYD Song Pro DM-i’s Champion edition will hit the market on May 25, the automaker said this week. The new product still carries BYD’s DM-i super hybrid system in its powertrain. In addition to the existing 51km and 110km versions, the refreshed model also introduces a new 71km-range variant.

Photo credit: BYD

NIO Technology (Anhui) Co., Ltd. sees registered capital double to 6 billion yuan

NIO Technology (Anhui) Co., Ltd., a wholly-owned subsidiary of NIO Holding Ltd., recently underwent a business change, with its registered capital doubling from 3 billion to 6 billion yuan, according to the Chinese corporate information inquiry platform Tianyancha.

Greater Power to build 36GWh energy storage battery production base in Qingdao

Chinese lithium battery maker Guangzhou Greater Power Technology Co., Ltd. (“Greater Power”) announced on May 22 it plans to construct the Energy Storage Project No. 1 in Chengyang District, Qingdao City, Shandong Province, with a total investment of approximately 13 billion yuan (the final investment amount will be based on actual investment).

The project is set to be implemented in three phases, which will feature a total energy storage battery production capacity of 36GWh per year. Ground-breaking of the first phase will begin before the end of Sept. 2023.

Changan Automobile plans to enter European markets in 2024

Chinese legacy automaker Changan Automobile recently disclosed during an investor inquiry session its accelerated strategic plan to expand into five major regional markets, including Europe, the Americas, the Middle East and Africa, Asia-Pacific, and the Commonwealth of Independent States (CIS).

By 2024, the company aims to establish a presence in Southeast Asia and Europe, with a future goal of entering over 90% of the entire global markets.

China’s locally-made passenger vehicle retail sales likely to grow 6.6% MoM in May 2023: CPCA

China's domestic passenger vehicle ("PV") retail sales are anticipated to reach 1.73 million units in May 2023, which should climb 6.6% from the previous month, and also leap 27.7% from the previous year mainly due to the impact of the year-ago epidemic factors and supply chain disruptions, according to the China Passenger Car Association ("CPCA").

Geely’s Galaxy L7 PHEV to hit market on May 31

Geely announced today that its first plug-in hybrid electric (PHEV) model under its Galaxy new energy vehicle (NEV) series, the Geely Galaxy L7, will hit the market on May 31.

BYD's F brand rumored to be named 'Fangchengbao' in Chinese

Shenzhen BYD Auto R&D Co., Ltd., a wholly-owned subsidiary of BYD Company Ltd., recently saw its corporate name changed to Shenzhen Fangchengbao (translated to “Shenzhen Formula Leopard”) Auto Sales Co., Ltd., with its registered capital surging 900% to 50 million yuan at the same time, according to the Chinese corporate information inquiry platform Tianyancha.

It is noteworthy that BYD applied for the registration of the "Fangchengbao" trademark in August of last year. Some industry insiders speculate that the Chinese name for the BYD F brand might be "Fangchengbao," suitable for automobiles and electric transportation vehicles.

Geometrical-PAL, Keysight Technologies partner on automotive perception technology development

Chinese autonomous driving solution provider Geometrical-PAL recently signed a memorandum of understanding with US software developer Keysight Technologies, to establish a strategic partnership on the acceleration of the development, testing, application, and standardization of advanced technologies in autonomous driving perception systems.