Gasgoo Daily: SAIC Motor expected to become second largest player in Europe's NEV Market

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.

SAIC Motor expected to become second largest player in Europe's NEV Market

During SAIC Motor's annual shareholders' meeting held on June 15, President Wang Xiaoqiu revealed that the group is expected to rank second in Europe by annual new energy vehicle (NEV) sales in 2023, just behind Tesla. Wang stated that SAIC Motor's exports of NEVs to Europe reached 20,000 units last month, with 8,000 units sold in the UK alone, demonstrating the local consumers' recognition of SAIC Motor's offerings.

MG7; photo credit: MG

Haima Automobile plans to enter right-hand drive markets including India and Malaysia

Haima Automobile announced on a Q&A platform that it has completed surveys in several right-hand drive markets, including India, Malaysia, Indonesia, and Thailand. The company is planning to pursue two approaches for developing these markets: introducing the Haima 7X to the Malaysian market and expanding into the entire ASEAN region, as well as entering the Indian market with a focus on electric vehicles.

Chery Auto’s 2023 facelifted OMODA 5 hits market

Chery Auto officially saw the 2023 edition of the OMODA 5 hit the market on June 15. The new model is available in four variants with prices ranging from 79,900 yuan to 107,900 yuan.

China’s luxury EV maker HiPhi unveils interior images of HiPhi Y SUV

Recently, HiPhi, the Chinese luxury electric vehicle brand owned by Human Horizons, revealed the official interior design images of its third model, the HiPhi Y.

Baidu-backed autonomous truck developer DeepWay partners with SAP

On June 14, Baidu-backed autonomous truck manufacturer DeepWay, inked an agreement with global enterprise application software provider SAP at the SAP China Summit.

XPeng launches urban NGP ADAS function in Beijing

On June 15, Chinese new energy vehicle startup XPeng, officially launched its high-level intelligent Advanced Driver Assistance System (ADAS), urban NGP function, in the city of Beijing.

X-EPIC unveils 'HuaEmu E1' hardware emulation system

X-EPIC, a Chinese provider of system-level verification EDA solutions, today unveiled HuaEmu E1, the country's first hardware emulation system capable of supporting designs with capacities exceeding 10 billion gates.

China’s COSMX to supply Hankook with lithium-ion battery cells

Zhuhai CosMX Battery Co., Ltd. ("COSMX"), a Chinese major supplier of Li-ion batteries, recently inked a strategic partnership agreement with South Korea's Hankook Group in Jiaxing, Zhejiang Province, setting the stage for a new era of collaboration, COSMX announced on June 14 via its WeChat account.

Changshu Automotive Trim Group to boost registered capital of subsidiaries

On June 14, Jiangsu Changshu Automotive Trim Group Co., LTD. (referred to as "CAIP") released a statement, articulating a strategic move to enhance the capital strength of its wholly-owned subsidiary, Changchun City Changchun Automotive Interior Parts Co., Ltd. (referred to as "Changchun Changchun").

EVE Energy’s subsidiary to produce, deliver 10GWh LFP batteries to U.S.-based Powin

On June 14, 2023, a significant strategic partnership was inked between EVE Energy Co. Ltd.'s subsidiary, Hubei EVE Power Co., Ltd. (referred to as "EVE Power"), and POWIN, LLC. (referred to as "Powin"), according to EVE Energy's public announcement.

Great Wall Holdings, HBIS Group form cooperation on building green low-carbon industrial chain

On June 12th, Baoding Great Wall Holdings Co., Ltd. (“Great Wall Holdings”) and HBIS Group Co., Ltd. officially signed a strategic cooperation agreement for jointly building a green and low-carbon industrial chain.

Autonomous vehicle developer CAS-Juche closes Series A round

Hefei-based autonomous vehicle technology company, Hefei CAS-Juche Technology Co., Ltd. (CAS-Juche), recently announced the completion of its Series A funding round, which raised for the company tens of millions of yuan.

BYD crowned No. 1 brand by Jan.-May EV registrations in Singapore

According to the most recent data from the Land Transport Authority (LTA) of Singapore, registrations of BYD electric vehicles (EVs) amounted to 303 units between January and May 2023, making BYD the leading brand in Singapore's EV market.