Gasgoo Daily: BYD releases teaser images of Fangchengbao’s first model

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 releases teaser images of Fangchengbao’s first model

BYD today released the teaser images of the first model under Fangchengbao (translated to “Formula Leopard”) brand, the “Bao 5” (translated to “Leopard 5"). The new car will be positioned as a rugged-looking SUV, equipped with the new hybrid platform DM-o and the DiSus-p intelligent body control system.

Photo credit: Denza

Geely Auto sets up resource recycling technology subsidiary

According to Tianyancha, a Chinese corporate information platform, on July 19, Zhejiang Jixin Resource Recycling Technology Co., Ltd. was established as a wholly-owned subsidiary of Geely Auto Group, with a registered capital of 20 million yuan. Its business scope includes R&D of resource recycling technology, production of industrial waste metal recycling, recycling and cascade utilization of new energy vehicle waste power batteries, remanufacturing of automotive components, sales of new energy vehicles, and recycling and dismantling of scrapped electric vehicles.

First batch of DENZA N7 cars shipped nationwide

Zhao Changjiang, General Manager of BYD-backed DENZA’s sales division, said via his personal Weibo account that the first batch of DENZA N7s has been shipped nationwide. The model officially hit the market on July 3, positioned as a pure electric hunting SUV, offering 8 trim levels with a price range from 301,800 yuan to 379,800 yuan.

Photo credit: DENZA

UAES sees first mass-produced suspension control unit come off line

Earlier this month, the first mass-produced suspension control unit (SCU) developed by United Automotive Electronic Systems Co., Ltd. (“UAES”), the joint venture between Zhong-Lian Automotive Electronics Co., Ltd and Robert Bosch GmbH, rolled off the production line at its plant in Liuzhou city, Guangxi Zhuang Autonomous Region, according to the company’s press release.

Dongfeng Nissan puts lower-priced version of ARIYA BEV onto market

On July 20, Dongfeng Nissan, the joint venture between Nissan Motor and Dongfeng Motor in China, launched the refreshed ARIYA electric SUV, along with the all-new ARIYA 500 variant, offering a compelling option starting at 199,900 yuan.

FAW-Toyota initiates recall of 12,205 bZ3 sedans

FAW-Toyota, a joint venture of FAW Group and Toyota Motor, has filed a recall plan with China’s State Administration for Market Regulation for some of the bZ3 electric vehicles. The recall is set to begin on July 27, 2023, and it covers a total of 12,205 units of the bZ3 sedans produced between March 13, 2023, and July 5, 2023.

China’s energy storage firm Megatech Group bags over 100 million yuan in Pre-A round

Chinese energy storage solution provider Megatech Group recently completed its Pre-A round of financing, which raised for the company over 100 million yuan, according to the corporate database platform Qichacha.

Skyworth Auto introduces 800V+4C supercharging tech, AI-enabled Q&A system

On July 19, 2023, Chinese new energy vehicle maker Skyworth Auto held a product launch event in Xuzhou city, marking the official introduction of the carmaker's brand-new energy management solution and intelligent interactive solution for their products, according to the company’s press release.

Farizon Auto nabs $600 million in Series A financing

On July 20th, Farizon Auto, an auto brand under Zhejiang Geely Farizon New Energy Commercial Vehicle Group (“the group”), announced the successful completion of its Series A financing, which bagged $600 million.