Gasgoo Daily: FAW Toyota puts five new models onto the market at one go
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 Toyota puts five new models onto the market at one go
Today, five new models from FAW Toyota hit the market, including the 2023 AVALON, the 2023 HARRIER, the 2023 COROLLA CROSS, the 2023 ALLION, and the 2023 IZOA, all of which boast the company's "4T" intelligent technologies.
Photo credit: FAW-Toyota
XPeng expects monthly deliveries in Q4 2023 to surpass 20,000 units
He Xiaopeng, chairman of XPeng, said on May 24, with the rapid growth in sales volume driven by G6 and other new products starting from July, the company’s monthly deliveries in the fourth quarter of 2023 are likely to exceed 20,000 vehicles, and its quarterly operating cash flow is forecasted to turn positive accordingly.
China’s Shenyang city eyes 400 billion yuan of annual auto industry production value by 2025
Shenyang, the capital of China’s Liaoning province, aims to achieve a total output value of the automobile industry of 400 billion yuan by 2025, over 25% of which would be contributed by new energy veicles, according the draft for the "Three-Year Action Plan for High-Quality Development of Shenyang's Automobile Industry (2023-2025)" recently issued by local government.
Shenzhen-based sodium-ion battery startup China Sodium-ion Times closes first funding round
China Sodium-ion Times (Shenzhen) New Energy Technology Co., Ltd., (“China Sodium-ion Times), a Chinese startup focusing on the development of sodium-ion battery technologies, announced on May 24 via its WeChat account the completion of its first financing round.
Car and City: Huawei-backed AITO sees 23.93% MoM hike in Apr. 2023 auto registrations
SERES Auto, Chinese ICT giant Huawei’s first official automaking partner, saw its monthly auto registrations climb 23.93% from the previous month to 4,418 vehicles in April 2023, according to the data compiled by the Gasgoo Auto Research Institute (GARI).
BYD’s Song Pro DM-i Champion edition hits market with prices starting at 135,800 yuan
On May 25, the BYD Song Pro DM-i Champion edition officially hit the market. Priced between 135,800 and 159,800 yuan, this new model offers customers four trim levels to suit their preferences.
Parkopedia appoints Benjamin Xuan as Managing Director for China operations
Parkopedia, a provider of automotive data and connected services, has appointed Benjamin Xuan as the new Managing Director for its operations in China. Based at the company's Shanghai office, Benjamin will start playing his new role on the Parkopedia China team immediately.
HiPhi Y's 560km-range version to start delivery in July 2023
Chinese luxury electric vehicle brand, HiPhi, owned by Human Horizons, announced on May 24 that the 560km-range version of the HiPhi Y is expected to start deliveries in July this year, with prices expected to start at 369,000 yuan.
China's COSMX to build new power, energy storage battery production factory in Deyang, Sichuan province
Zhuhai CosMX Battery Co., Ltd. (“COSMX” or “the company”), a Chinese major supplier of consumer Li-ion batteries, announced its plans to establish a project company in Deyang City, Sichuan Province through its subsidiary Zhejiang CosMX Battery Ltd., in order to invest in the construction of a power battery production project.
Xiaomi pours 1.1 billion yuan in innovative businesses including automaking in Q1 2023
On May 24, Chinese tech giant Xiaomi Group unveiled its financial performance for the first quarter of 2023, with a quarterly revenue of 59.477 billion yuan, which dropped 18.9% year over year.
The company’s adjusted net profit stood at 3.233 billion yuan in Q1 2023. Xiaomi said that its quarterly expenses from innovative businesses like smart electric vehicles amounted to 1.1 billion yuan.
Continental AG’s subsidiary breaks ground on new production facility in Jiading district, Shanghai
On May 24, Continental Automotive Systems (Shanghai) Co., Ltd., a subsidiary of Continental AG, broke ground in Jiading district the fourth phase of its factory in Shanghai city, according to a post on Continental AG’s WeChat account.
The new facility covers an area of approximately 28,000 square meters and is scheduled for operation in the second half of 2025. It will primarily focus on producing the products of Continental AG’s Safety & Vehicle Dynamics Business Group and the Autonomous Driving & Mobility Solutions Business Group.
MAXIEYE introduces single-vision L2 solution 'MonoToGo™' for mainstream auto market
MAXIEYE, Shanghai-based AI-driven autonomous driving solution provider, announced on May 24 the official release of its new single-vision L2 solution, named MonoToGo™.
BYD's Yangwang U8 comes with 7 exterior color options
On May 24, BYD's upscale brand, Yangwang, unveiled the color options for its first production model, the Yangwang U8. The new vehicle offers seven different colors, including Dragonstone Green (High Gloss), Dragonstone Green (Matte), Sandstone Green (High Gloss), Sandstone Green (Matte), Moonlight Silver, Fluorite White, and Obsidian Black.
China’s Guangdong Province to deploy 250,000+ public charging piles by 2025
China's Guangdong Province plans to construct over 4,500 centralized charging stations and more than 250,000 public charging piles by 2025, according to the "Implementation Plan for Promoting High-quality Energy Development in Guangdong Province" (hereinafter referred to as the "Plan") issued by the Energy Bureau of Guangdong Province earlier this week.
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