Gasgoo Daily: GAC Group sees auto sales in May jump 14.5% YoY

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.

GAC Group sees auto sales in May jump 14.5% YoY

GAC Group reported that its auto sales for May 2023 reached 209,606 units, showing a robust year-on-year growth of 14.50%. In terms of production, the group manufactured a total of 224,413 vehicles in the same month, marking a significant increase of 16.61% compared to the same period last year.

AION Y Plus; photo credit: GAC AION

BYD to start presale of BYD PLUS' Champion edition

BYD is about to kick off presale of the Song PLUS Champion edition on June 8.

BYD Song Plus Champion edition; photo credit: BYD

Haima Automobile’s May 2023 sales climb 4.08% year on year

Haima Automobile announced its sales figures for May 2023, revealing a sales volume of 1,988 vehicles, which rose 4.08% over a year earlier.  

Geely Automobile post 2-digit YoY growth in May, Jan-May 2023 sales

Geely Automobile Holdings Limited ("Geely Automobile" or "the Group") sold 120,053 vehicles in May 2023, representing a year-on-year jump of roughly 35%, according to the Group’s announcement issued on June 7.

NETA Auto ships another 4,000 vehicles to overseas markets

Bearing witness to an unprecedented wave of progress in China's automobile industry, an impressive count of 4,000 NETA-branded vehicles recently embarked on their journey to customers outside of China, according to a post on the Chinese NEV maker’s WeChat account.

PATEO, Tencent Intelligence Mobility team up on cloud platform, smart cockpit, smart driving mapping

On June 6, 2023, PATEO, a leading Internet of Vehicles (IoV) technology service and product provider in China, and Tencent Intelligence Mobility (TIM) penned a strategic collaboration agreement, according to PATEO's press release. 

SGMW, CETC Chip form strategic cooperation on chip R&D

On June 6, a strategic cooperation agreement signing ceremony was held between SAIC-GM-Wuling (“SGMW”) and CETC (the abbreviation of "China Electronics Technology Group Corporation") Chip as the two parties had in-depth discussions on the development of the chip industry, corporate development, and future collaboration planning based on the "2+N+X" cooperation framework, according to a post on SGMW’s WeChat account.

Anhui-based chip company Top Electronics closes Pre-A funding round

On June 7, Anhui Top Electronics Technology Co., Ltd. (“TOPE”), a Chinese chip developer based in Anhui province, announced the completion of a Pre-A funding round that raised nearly 100 million yuan.

Mogo Auto launches BalanceHRNet vision-based autonomous driving estimation algorithm

Recently, Mogo Auto, a Chinese autonomous driving tech developer, introduced the BalanceHRNet human body posture estimation model, which the company says can accurately identify pedestrian intentions. This research has been included in the international top journal Neural Networks.