Gasgoo Daily: Li Auto announces Q2 2023 financial results with record-high revenue

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.

Li Auto announces Q2 2023 financial results with record-high revenue

On August 8, Li Auto revealed its second-quarter financial report for 2023, showcasing highest-ever volumes in both quarterly revenue and deliveries. The company achieved an impressive revenue of 28.65 billion yuan in Q2, marking a remarkable year-on-year soar of 228.1%. The company's operating profit reached 1.63 billion yuan in the period, resulting in a net profit of 2.31 billion yuan. 

Li L7; photo credit: Li Auto

Lynk & Co 08 kicks off pre-sale, starting at 218,000 yuan

Lynk & Co officially announced the pre-sale prices for the Lynk & Co 08 EM-P, with a starting price of 218,000 yuan and ranging up to 278,000 yuan. Additionally, the limited special edition of the Lynk & Co 08 EM-P is priced at 288,000 yuan.

All-new BMW i5 for Chinese market features exclusive refreshed designs

BMW unveiled the official images of the long-wheelbase version of the all-new i5 model, designed exclusively for the Chinese market. The vehicle boasts nine unique design and feature elements, including the rear-seat BMW floating display, reminiscent of the 7 Series. Built upon the international version, the long-wheelbase i5 is further extended and is set to commence production later this year, showcasing BMW's commitment to the evolving Chinese market.

SAIC Motor sees auto sales drop YoY in Jan.-Jul. 2023, but overseas market sales still jump

SAIC Motor recorded a monthly wholesale volume of 400,204 units in July 2023, for the third month in a row surpassing the 400,000-unit threshold, but still facing a year-on-year decrease of 21.03%, according to the announcement the group issued today.

Yuntu Semiconductor launches YTM32B1H domain controller chip

On August 8, Suzhou Yuntu Semiconductor Co., Ltd. ("YTMicro") unveiled its groundbreaking YTM32B1H domain controller chip series, designed for automotive applications including powertrains, intelligent chassis systems, functional safety controllers, and domain controllers.

China’s REPT teams up with VENA ENERGY to offer Indonesia clean energy reserve

On Aug. 7, Rept Battero Energy Co., Ltd. (“REPT”), who is mainly engaged in the R&D, production and sales of lithium-ion batteries, and the renewable energy company VENA ENERGY officially inked an exclusive agreement in Jakarta, Indonesia for an 8GWh energy storage project, intending to provide the country with clean energy reserve, according to a post on REPT’s WeChat account.

China’s Zhejiang province aims to deploy over 2.3 million EV charging piles by 2025

China's Zhejiang provincial government recently issued a special action plan aimed at enhancing the high-quality charging infrastructure network, driving the penetration of new energy vehicles (NEVs) in rural areas, and boosting NEV consumption.

GAC Group introduces AI large model platform

On August 8, GAC Group officially unveiled its pioneering GAC AI large model platform, as the first of its kind to the auto industry. The technology will soon make its debut on the group’s high-end smart coupe, the Hyper GT.

JAC Group turns loss into profit in H1 2023

Chinese legacy automaker JAC Group achieved an impressive turnaround in its financial performance in the first half of 2023, according to the company's interim report released on August 4.

ZEEKR joins hands with Orbis Auto to deliver ZEEKR 001, ZEEKR X in Kazakhstan

On August 7, Zeekr Intelligent Technology (referred to as "ZEEKR") formed a collaboration with Kazakhstan's Orbis Auto. The partnership entails the introduction of two ZEEKR's models, the ZEEKR 001 and ZEEKR X, into the Kazakhstani market, with pre-sales expected to begin in the fourth quarter of this year, followed by timely deliveries.

BYD partners with Stingray to co-develop in-car Karaoke products

On August 7, 2023, Chinese leading new energy vehicle maker BYD announced a strategic partnership with Stingray, the industry-leading music media technology company. Commencing from 2023, BYD plans to integrate Stingray's interactive in-car KTV (Karaoke TV) product into selected new energy vehicles, with a global launch spanning multiple markets, promising users a more immersive and entertaining in-car experience.